Electrical discharge machines (EDM) market is projected to witness a compound annual growth rate of 7.20% during the forecast period, reaching a total market size of US$6.077 billion in 2023 from US$4.005 billion in 2017.
Rising demand for medical implants is driving the use of EDM-based machining, thus, boosting the growth of EDM market. Growing production of light-weight vehicles also contributes to the growth of EDM market. Increasing use of complex materials and components including alloys and ceramics augments the demand for electrical discharge machining across manufacturing sector which bolsters the growth of global EDM market.
Geographically, APAC will witness the fastest regional market growth during the forecast period owing to expanding manufacturing base and production capacity of EDM manufacturers in countries like China.
By End User Industry
Energy and Power
Electrical and Electronics
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Electrical Discharge Machines Market By Type
6. Electrical Discharge Machines Market By Application
7. Electrical Discharge Machines Market By End User Industry
8. Electrical Discharge Machines Market By Geography