In a recent study published by QY Research, titled, Global EDM Cutting Wire Market Research Report, analysts offers an in-depth analysis of global EDM Cutting Wire market. The study analyses the various aspect of the market by studying its historic and forecast data. The research report provides Porters five force model, SWOT analysis, and PESTEL analysis of the EDM Cutting Wire market. The different areas covered in the report are EDM Cutting Wire market size, drivers and restrains, segment analysis, geographic outlook, major manufacturers in the market, and competitive landscape.
Global EDM Cutting Wire Market was worth US$792.43 mn during 2018 and is likely to reach US$1439.87 mn by the end of 2025, registering a CAGR of 8.75% during the forecast period of 2019 to 2025.
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Top Key Players of the Global EDM Cutting Wire Market :
The key players operating in the global market are Powerway Group, Novotec, Oki Electric Cable, Ningbo De-Shin Industrial Co., Ltd, Opecmade, Heinrich Stamm GmbH, THERMOCOMPACT, YUANG HSIAN METAL INDUSTRIAL, Hitachi Metals, Senor Metals, Sumitomo (SEI) Steel Wire Corp, Tamra Dhatu, and J.G. Dahmen & Co KG.
Leading key players of the global EDM Cutting Wire market are analyzed taking into account their market share, recent developments, new product launches, partnerships, mergers or acquisitions, and markets served. We also provide an exhaustive analysis of their product portfolios to explore the products and applications they concentrate on when operating in the global EDM Cutting Wire market. Furthermore, the report offers two separate market forecasts – one for the production side and another for the consumption side of the global EDM Cutting Wire market. It also provides useful recommendations for new as well as established players of the global EDM Cutting Wire market.
EDM Cutting Wire Market to Augment Due to High Tolerance
The electrical discharge machining process is repeatedly controlled electrical charges to cut hard and various types of metals. It is ideal for tight tolerance at high volumes. It is rising in demand due to its highly repeatable lengths without any delamination, deformation, and distortion. It is cost effective compared to method such as laser cutting. It offers high measures of central tendency while achieving length tolerance. With its high dimensional accuracy it can cut diameters ranging from several inches to thousands of inches.
Wire EDM is known for its versatile way of cutting hard conductive metal such as tungsten and molybdenum with relative ease. It executes its duties without any force or impact as it has non-contact machining process. The process is computer numerical controlled so the automated software enables it to produce repeatable, predictable, and accurate products each time. It is considered to be tolerant, cost effective, and time efficient thus, diminishing the need for post machining secondary thermal treatments.
The global market has certain restrains that can hamper the growth during the forecast period. The EDM cutting method is extremely slow along with being applicable to only electrically conductive materials. This method is not feasible for dielectric coated or composite material. Its wire, workpiece, and deionized water can result in thermal stress to neighbouring portions due to thousands of degrees of electrical discharge by the wire.
Die and Mold Segment to Flourish Due to EDM’s Diverse Applications in this Segment
The EDM cutting wire market is segmented into type and application. The type segment is divided into hybrid wire, coated wire, and no coated wire. The application segment is split into die and mold, mechanic, aerospace, and others.
The die and mold segment is expected to augment in the market as it is the fastest growing market due to EDM cutting wire’s valuable material and time saving advantages. EDM eliminates the costly procedures of conventional laminating and inserting sections of various cutting tools. It provides accuracy and finished mold making products.
U.S.A to Lead the Market Owing to Technological Advancements
U.S.A will lead the way for North America as this country is providing advance technological development backed up by extensive investments in research and development activities by the government bodies. The key players in the market also operates from this region.
Europe is also expected to augment as the currency flow in this region will be stronger owing to shared currency among various countries in this region.
In terms of region, this research report covers almost all the major regions across the globe such as North America, Europe, South America, the Middle East, and Africa and the Asia Pacific. Europe and North America regions are anticipated to show an upward growth in the years to come. While Stone Veneer Market in Asia Pacific regions is likely to show remarkable growth during the forecasted period. Cutting edge technology and innovations are the most important traits of the North America region and that’s the reason most of the time the US dominates the global markets. Stone Veneer Market in South, America region is also expected to grow in near future.
Key questions answered in the report
We provide detailed product mapping and analysis of various market scenarios. Our analysts are experts in providing in-depth analysis and breakdown of the business of key market leaders. We keep a close eye on recent developments and follow latest company news related to different players operating in the global EDM Cutting Wire market. This helps us to deeply analyze companies as well as the competitive landscape. Our vendor landscape analysis offers a complete study that will help you to stay on top of the competition.
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