With a rise in disposable income and an improved standard of living, the demand for electronics and automobiles is increasing gradually. Due to this, the production of appliances and automobiles is increasing rapidly, fueling the demand for electrical discharge machining (EDM) wires. The most common types of EDM wires are brass or coated wire. The EDM wire produces an electrical discharge between the work metal and EDM machine’s wire. Key features such as no impact cutting, high tolerances, ability to cut complex shapes easily, fast processing, and cost-effective approach are contributing to the growth of EDM wire. Also, EDM wire can work without requiring mechanical force and gives high accuracy and precision. Moreover, as EDM wire efficiently accommodates hard materials, post-machining thermal treatments are not required. Because of mentioned features, EDM wires are suitable for applications demanding low residual stress. EDM wire is a robust, reliable as well as user-friendly approach used for making molds, dies, and punches rising the demand for EDM wires in the market.
Oki Electric Cable; Sumitomo Electric; Hitachi Metals; Berkenhoff GmbH (Bedra); and Novotec BV –Prominent Market Participants in EDM Wire Market
Asia Pacific region dominated the EDM wire market in 2021 in terms of market share. The electronics industry accounts for 20–50% of Asia’s total value of exports. The growing demand for smartphones, tablets, PCs, laptops, and other consumer electronics in Asian countries favors the growth of the Asia Pacific EDM wire market. China is the world’s largest maker of electronic appliances, including TVs, DVDs, and cell phones. According to Nikkei Inc., the Chinese government will be working on various plans with an investment of US$ 327 billion till 2023 to expand the country’s domestic electronic market. Indian government is also working on the expansion of the electronics industry in the country. According to the Ministry of Electronics & IT, the domestic production of electronic goods in India reached the revenue value of US$ 74.7 billion in 2020, a CAGR of 17.9%, owing to the initiatives taken by the government and the efforts of the industry. A few of the government policies related to electronics manufacturing include the Production Linked Incentive (PLI) Schemes, Scheme for Promotion of Electronic Components and Semiconductors Promotion and Modified Electronics Manufacturing Cluster (EMC 2.0) Scheme.
The top five companies in the EDM wire market are Oki Electric Cable; Sumitomo Electric; Hitachi Metals; Berkenhoff GmbH (Bedra); and Novotec BV. The above listing of key players is derived by considering multiple factors such as overall market insights, dynamic trends, revenue, new product launches, market initiatives, investment in technology up-gradation, mergers & acquisitions, and other joint activities. A few of the important market initiatives and product developments from the industry are mentioned below:
| Year | News | Country |
| 2022 | Yuang Hsian Metal Industrial Corporation participated in 2022 Wire &Tube Düsseldorf exhibition. | APAC |
| 2022 | MC Machinery Systems India Private Limited (MMSI) was established in India for sales and service of advanced EDMs and Laser Cutting Machines (LASER). These products are developed by Mitsubishi-Japan. | APAC |
| 2022 | Sodick put a new spin on the ALP, ALN, ALC EDM wire line that has new functions which reduces that consumption of wire by 25% | APAC |
