Electrical Discharge Machine Market Analysis, Drivers, Restraints, Threats & Growth Forecast To 2031
The global electrical discharge machine market was valued at nearly USD 5.91 billion in 2021 and is expected to increase to nearly USD 8.21 billion by 2028, with a CAGR of around 7.2 percent over the forecast period. The study examines the market's drivers, constraints, and challenges, as well as the impact they have on the demand throughout the forecast period. In addition, the study looks into the new potential in the market for electrical discharge machines. EDM is a thermal method that uses cyclic discharge sparks in the space between an electrode and a conductive surface to remove undesired material. This approach is commonly used to process refractory metals and composite materials that are difficult to machine using traditional machining methods. Only electrically conductive materials can be processed by EDM. EDM, for example, can remove metallic materials such as Ti alloys, hardened steel, and superalloys quickly and without the need for pretreatment like thermal softening....