Study: Adoption of cost-effective wire EDMs to gain momentum
According to a new market report pertaining to the global electric discharge machine (EDM) market, that market is projected to reach a value of US$ 6.1 billion by 2027. The EDM market is expected to expand at a CAGR of ~6% from 2019 to 2027, in terms of volume. Growth of the EDM market can be attributed to increasing need for EDMs for the development of high-end machining designs in various industries. Asia Pacific is anticipated to lead the global electric discharge machine market, followed by North America during the forecast period.