Electric Discharge Machine (EDM) Market: An Insight On the Important Factors and Trends Influencing the Market 2019 - 2027

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According to a new market report pertaining to the global electric discharge machine (EDM) market published by Transparency Market Research the global electric discharge machine market is projected to reach a value of US$ 6.1 Bn by 2027. The electric discharge machine market is expected to expand at a CAGR of ~6% from 2019 to 2027, in terms of volume. 
Industry 4.0, widely known as smart factory, is considered the fourth era of industry that merges automation and computing, which can drive the manufacturing sector to move from machine tools to high quality assurance tools. Industry 4.0 includes cyber-physical systems, factory simulation, autonomous robots, cloud computing, Internet of Things (IoT), cognitive computing, and additive manufacturing. Industry 4.0 can help simulate, design, and take care of physical processes in manufacturing factories with electric discharge machines for cost-effectiveness. It also combines an array of modern automation, intelligence, manufacturing technologies, and data exchange.
Moreover, electric discharge machines (EDM) are preferred in the manufacturing of high efficiency machines or equipment in manufacturing factories to save labor cost (as compared to conventional milling practices), while enhancing the quality of products, which 
 The Asia Pacific electric discharge machine market is expected to grow at a CAGR of ~7%, in terms of volume, during the forecast period due to well established manufacturers of electric discharge machines, such as Mitsubishi Electric Corporation, Sodick Co., Ltd., FANUC Corporation, and Sparkonix (India) Pvt. Ltd., in the region. The electric discharge machine market in Europe, Middle East & Africa, and South America is also expected to expand at a moderate rate during the forecast period.
The report provides in-depth segment analysis of the global electric discharge machine market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries, which hold growth opportunities or account for significant market share has also been included as part of the regional analysis for the electric discharge machine market.

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