Showing posts with the label electrical discharge machines market size

Comprehensive Report on Global Electrical Discharge Machines (EDM) Market

The electrical discharge machines (EDM) market was valued at US$4.005 billion in 2017 and is projected to expand at a CAGR of 7.20% over the forecast period to reach US$6.077 billion by 2023. Electrical discharge machining is a nontraditional precision machining process, whereby a typically conductive material workpiece has features created by the controlled erosion of a material using electrical discharges (sparks). EDM plays an important role in manufacturing processes for a broad range of industries such as electronics, medical, and aerospace manufacturing and is also essential for manufacturing precision military parts.                         The market is expected to grow at a steady pace owing to the increasing usage of EDM’s in medical manufacturing and power generation as they provide superior accuracy and precision and incorporation of advanced technologies in electrical discharge machines so as to provide flexibility to accommodate the incredible demands of a consta