Global Spark Erosion Machines Market by Type (Wire Cutting Machine, Die Sinking EDM, Hole Drilling EDM), By Application (Medical Device, Aerospace Component, Automotive, Electrical and Electronics, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

The Global Spark Erosion Machines Market size is projected to reach USD 3.03 billion by 2028, at a CAGR of 6.6% during the forecast period. The key drivers for the growth in this market include increasing demand from emerging economies and the strong technical capabilities of these machines to produce desired shapes on metal components with minimal post-process required. On the other hand, some factors such as low adoption rates among customers due to the high cost of investment and lack of skilled workers are anticipated to restrain the growth in this market over the forecast period (2021-2028).

Spark Erosion Machine is a device that has an electrode and a workpiece, where the top shape of the electrode creates sparks. The electrodes are usually made from tungsten or wire. The general use of these machines is to make holes in metal by drilling them with electrical currents which help remove material around the hole as well as making it deep enough for what we want to create. These machines can also be used on plastics but this isn't very common because they don't have so much conductivity when compared to metals.

On the basis of Types, the market is segmented into Wire Cutting Machine, Die Sinking EDM, Hole Drilling EDM.

Wire Cutting Machine:

A wire-cutting EDM is a type of EDM that removes metal material from the surface of an object by removing small, narrow trenches on its surface. Wire cutters are used for producing precision parts with tight dimensions and as means to remove excess material during manufacturing processes such as drilling or milling. Compared to other types of electronic discharge machining (EDM), wire-cutting EDMs generate less heat and have faster operation speeds making them suitable for working on smaller objects.

Die Sinking EDM:

The die-sinking EDM is a cutting machine that cuts the desired shapes on different metal components. This process employs electric discharge machining (EDM) to produce concave and convex surfaces, holes/slots with various geometries, cavities in solid bodies. The advantage of die-sinking EDM is it can cut intricate details on any kind of material without destroying its form or welding seams as drilling does. Due to this feature, it has extensively replaced all other conventional methods for high precision metal forming operations such as punch-pressing, transfer punching, or roll forming which are only capable of producing simple parts with straight profiles and flat bottoms.

Hole Drilling EDM:

Hole Drilling EDM can be defined as a form of electrochemical machining, which is a process for removing material from the surface on an electrical discharge machine (EDM) by means of electric current. The Hole Drilling EDMs are specifically used to drill holes in metal surfaces and they can also be utilized to cut or ream slots, nibble, make endmills as well as other shapes.

Hole Drilling EDM machines work with great accuracy when it comes to drilling round holes but this type of machinery does not necessarily offer many benefits in terms of cutting operations where flat areas need to be produced.

On the basis of Application, the market is segmented into Aerospace Components, Medical Devices, Automotive, and Electrical & Electronics.

Aerospace Components:

There are many uses of Spark Erosion Machines in Aerospace Components. One example is to cut wires and cables, which can be used for controlling the airplane’s flight control system with ailerons and trailing edge flaps that provide important aerodynamic capability on aircraft.

Medical Devices:

The medical industry is one of the largest potential markets for spark erosion machines. Spine surgeons are increasingly using these machines during complicated surgeries because they produce cleaner cuts than other methods like laser cutting or hand-cutting.

Automotive:

Spark erosion machines are used in automotive manufacturing, including for drilling and cutting holes. It is also used to remove the surface of a metal or other material.

Electrical & Electronics:

The use of a spark erosion machine in the electrical and electronics industry is mainly for drilling holes. Holes are drilled by removing material from an electrode to cut through metal sheets, pipes, or other products with the help of electricity.

On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The North American market is primarily driven by large numbers of automotive manufacturers. It also gets a boost from rising demand for this product in other key applications such as medical device manufacturing facilities where these machines are used to make precision cuts on various instruments. The increasing trend of companies automating production has made it necessary for them to invest in automation equipment which has pushed up the growth prospects of this market significantly. These factors have led to an expansion of spark erosion machine market size followed by rising in revenue generated over the forecast period.

Up Market Research published a new report titled “Spark Erosion Machines Market research report which is segmented by Types (Wire Cutting Machine, Die Sinking EDM, Hole Drilling EDM), By Applications (Medical Device, Aerospace Component, Automotive, Electrical and Electronics, Others), By Players/Companies Mitsubishi Electric, Sodick, GF Machining Solutions Management, Makino, CHMER EDM, ONA Electroerosion, FANUC, Seoul Precision Machine, Exeron, Shanghai Esuntek Machinery, Excetek Technology, MC Machinery Systems, Beaumont Machine, Knuth Machine Tools”. 

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Spark Erosion Machines Market Report Segments:

The market is segmented by Type Wire Cutting Machine, Die Sinking EDM, Hole Drilling EDM and By Application Medical Device, Aerospace Component, Automotive, Electrical and Electronics, Others.

Some of the companies that are profiled in this report are:

1. Mitsubishi Electric
2. Sodick
3. GF Machining Solutions Management
4. Makino
5. CHMER EDM
6. ONA Electroerosion
7. FANUC
8. Seoul Precision Machine
9. Exeron
10. Shanghai Esuntek Machinery
11. Excetek Technology
12. MC Machinery Systems
13. Beaumont Machine
14. Knuth Machine Tools

Spark Erosion Machines Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Spark Erosion Machines Market

Overview of the regional outlook of the Spark Erosion Machines Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Spark Erosion Machines Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Spark Erosion Machines Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.
6. By Type:

                1. Wire Cutting Machine

                2. Die Sinking EDM

                3. Hole Drilling EDM

                1. Medical Device

                2. Aerospace Component

                3. Automotive

                4. Electrical and Electronics

                5. Others

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Spark Erosion Machines Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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• Correctly Positioning New Products
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Reasons to Purchase the Spark Erosion Machines Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.