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EDM Wire Market Worth $2300+ Mn, Globally, by 2028 at 7.6% CAGR, Major Market Share – Oki Electric Cable, Sumitomo Electric, Hitachi Metals, Berkenhoff GmbH, Novotec BV | The Insight Partners

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The Insight Partners published latest research study on “EDM Wire Market Size, Share, Revenue, Growth Strategy, Industry Trends and Forecast to 2028 – COVID-19 Impact and Global Analysis – by Wire Type, Industry and Geography,” the global EDM wire market size is projected to reach USD 2,323.98 million by 2028 from USD 1,497.50 million in 2022. It is expected to grow at a CAGR of 7.6% during 2022–2028.

Download Sample PDF Brochure of EDM Wire Market Size – COVID-19 Impact and Global Analysis with Strategic Insights at: https://www.theinsightpartners.com/sample/TIPRE00006319/

Global EDM Wire Market Report Scope, Segmentations, Regional & Country Scope:

Report Coverage

Details

Market Size Value in

USD 1,497.50 Million in 2022

Market Size Value by

USD 2,323.98 Million by 2028

Growth rate

CAGR of 7.6% from 2022 to 2028

Forecast Period

2022-2028

Base Year

2022

No. of Pages

142

No. of Tables

60

No. of Charts & Figures

78

Historical data available

Yes

Segments covered

Wire Type, and Industry

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Companies Covered

Berkenhoff GmbH; Hitachi Metals, Ltd.; Novotec BV; Opecmade Inc.; Oki Electric Cable Co., Ltd.; Sumitomo Electric Industries, Ltd.; Thermo Compact; Yuang Hsian Metal Industrial Corp.; Ningbo Kangqiang Micro-Electronics Technology Co., Ltd; JIA BAO Metal Co., Ltd.

Key Research Capabilities

Global Market Assessment, Business Development Strategies, Competitive Landscape, Opportunity Analysis, Regional and Country Level Market Analysis, Market Entry Strategies, Market Dynamics, Risk and Return Assessments, Pricing Analysis, Market Size and Forecasting, Company Profiling, Value Chain Analysis, Expansion Strategies, SWOT Analysis, New Product Development

Global EDM Wire Market Forecast to 2028 – Latest COVID-19 Analysis

https://www.theinsightpartners.com/covid-analysis-sample/TIPRE00006319/

Browse key market insights spread across 142 pages with 60 list of tables & 78 list of figures from the report, “EDM Wire Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Wire Type (Brass, Zinc-Coated, and Non-Coated) and Industry (Aerospace, Industrial & General Mechanics, Automotive, Healthcare, Electronics, and Others)” in detail along with the table of contents: https://www.theinsightpartners.com/reports/edm-wire-market

Global EDM Wire Market Analysis: Competitive Landscape and Key Developments

Berkenhoff GmbH; Hitachi Metals, Ltd.; Novotec BV; Opecmade Inc.; Oki Electric Cable Co., Ltd.; Sumitomo Electric Industries, Ltd.; Thermo Compact; Yuang Hsian Metal Industrial Corp.; Ningbo Kangqiang Micro-Electronics Technology Co., Ltd; and JIA BAO Metal Co., Ltd.  are among the key players profiled during this market study. In addition, several other essential EDM wire market players were studied and analyzed to get a holistic view of the market size and its ecosystem.

In 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%

In 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.

The EDM Wire market is segmented into North AmericaAsia PacificEurope, the Middle East & Africa, and South & Central AmericaAsia Pacific dominated the EDM wire market in 2021 and is also expected to continue its dominance throughout the forecast period. The demand for smartphones, tablets, PCs, laptops, and other consumer electronics in Asian countries favors the growth of the Asia Pacific EDM wire market. Hitachi Metals, Ltd., Sumitomo Electric Industries, Ltd., YUANG HSIAN METAL INDUSTRIAL CORP., and Ningbo Kangqiang Micro-Electronics Technology Co., Ltd are among the major players considered during the EDM wire market analysis.

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Australia has seen strong demand for high-tech products in the healthcare sector. Also, with increased funding for Australia’s healthcare sector will boost the EDM wire market in the country. For instance, according to The Department of Health and Aged Care, the Australian government is investing US$132 billion in 2022–23 to strengthen the healthcare system this investment will increase to US$140 billion in 2025–26, with a total commitment of US$537 billion over the next four years. Thus, this growth in the Australia’s medical sector will further propel the EDM wire market player’s businesses in the country. Industries such as automobile, manufacturing, and electronics were negatively affected due to the COVID-19 pandemic. However, the healthcare industry in the region has been positively growing since Q1 of 2020. Moreover, the requirement for medical machinery increased, which led to a rise in demand for EDM wires in the healthcare industry in the region.

Moreover, the countries operating in the EDM wire market, such as Makino and Oki Electric Cable Co., Ltd., implemented various strategies in 2020 to remain competitive. For instance, in 2020, Oki Electric Cable Co., Ltd. launched new series of EDM Wires, electrode wires for wire-cut electrical discharge machines (WEDMs), that features a roundness of 0.25 microns for all its products. As economies reopened and industries began their operations in 2021, the demand for EDM wires from various end users rose gradually, which is expected to grow more during the forecast period.

Global EDM Wire Market Study: Industry Overview

The EDM wire market, by industry, has been segmented as aerospace, industrial & general mechanics, automotive, healthcare, electronics and others. The aerospace segment in the EDM wire market is expected grow at a faster pace during the forecast period. In the aerospace industry, extreme precision is required to be considered to minimize errors as the slightest miscalculation can cause a series of catastrophic disasters which is the major factor for the rising EDM wire market growth. The wire is used to create fuel systems, engine systems, turbine blades, advanced weapon systems, and even various landing gear components. Also, due to continuous advancement in EDM wire technology the aerospace component manufacturers have risen the demand for EDM wire as it provides more accuracy and can easily help in manufacturing of various components. Thus, all the above factors rise the demand of EDM wire in aerospace industry.

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EDM wires is used for various industrial and general mechanics applications. The wire is used in the mass production parts, such as the production of measuring instruments, gears, scales, parts of gearboxes for the automobile, hinges for cupboards, and many others. These EDM wires are also used to cut extremely small parts, which have high quality and precision. For example, EDM wire is used in manufacturing cogs serrated for luxury watches. Thus, this raises the demand for EDM wire in the market.

The production of medical devices needs to be done with limited component errors and high machining accuracy, which can be easily acquired using EDM wire technology. Also, EDM wire is used for the production of high-precision components in the orthopaedics department. The wire is used for the production of high-quality artificial joints, teeth, micro-pumps and other implant components, clinical instruments, and brain treatment components. It is mainly used for making injection molds of various medical equipment, disposable syringes, cell culture dishes, plastic test tubes, culture bottles, pipette tips, applicators, nebulizers, breathing masks and many more. In addition, the trend of miniaturization and precision in the medical industry is driving the demand for EDM wire technology in the industry. Thus, the growing use of EDM wire for various medical devices manufacturing will drive the EDM wire market growth.

In recent years, the demand for high-tech, miniaturization, and high-performance electronic products is rising in the market. This has increased the demand for connectors in the industry for which a high mold design is required. For a good electronic connector, mold requires a perfect combination of design, equipment, and technology. In addition, this also requires high equipment compatibility and relatively high technical barriers. All these things are obtained by EDM wire technology. With high accuracy and speed, the EDM wire can produce electronic connectors for various electronic devices.

Quickly Purchase Premium Copy of EDM Wire Market Growth Report (2022-2028) at: https://www.theinsightpartners.com/buy/TIPRE00006319/

Go through further research published by The Insight Partners:

Wire and Cable Market – The global wire and cable market size is expected to grow from US$ 153,334.35 million in 2022 to US$ 224,402.27 million by 2028; it is estimated to grow at a CAGR of 6.6% from 2022 to 2028.

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Artificial Intelligence

Synthetik Applied Technologies LLC announces development of UrbanScale – a modeling platform for the prediction, characterization, and quantification of extreme urban heat

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AUSTIN, Texas and LONDON, April 30, 2024 /PRNewswire/ — Synthetik Applied Technologies announces the development of UrbanScale, a tool to model and predict effects of extreme heat in urban areas, through a project funded by the National Oceanic and Atmospheric Association (NOAA). The physical characteristics of urban areas amplify heat effects resulting in what are known as urban heat islands — areas where surface temperatures are much higher than their surroundings. The UrbanScale tool addresses this climate peril with sophisticated analytic tools based on physics informed neural networks and cutting-edge machine learning to predict urban heat and help better understand and mitigate the risks associated with these extreme heat events. As a result of climate change, these events are expected to increase, impacting both the people that live in urban areas and the infrastructure on which they depend.

The UrbanScale platform shows significant promise to provide data on the severity of heat islands and their effects to better understand how they impact human health, energy use and damage to physical infrastructure. This information will provide a step-change in capability for government agencies, urban planners, and transportation authorities to direct efforts for mitigation and intervention. In particular, inclusion of demographic information into data pipelines will allow understanding of how urban heat effects may impact vulnerable or disadvantaged populations. Integration with climate forecasts and models will also provide unprecedented capabilities for forecasting risk associated with climate change.
Josh Hatfield, Director of Research and Development at Synthetik, said:
‘We are extremely grateful for the opportunity to study such an important issue. Extreme heat is already the largest cause of weather-related fatalities in the US, and climate change will only increase the importance of understanding heat in urban environments. Helping to meet that challenge fits directly into Synthetik’s mission.’
Synthetik COO Tim Brewer commented:
‘The UrbanScale tool will allow both our government and insurance partners to better characterize the risk of extreme heat in urban centers and promises to deliver critical insight on the way these events impact energy demands. We look forward to exploring its wide-ranging applications.’
Synthetik plans further development of UrbanScale with NOAA and other partners in the public and private sector.
For all inquiries: Contact Synthetik Applied Technologies PR [email protected] 
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Artificial Intelligence

GLiNTECH – a Valiantys company, wins Atlassian Partner of the Year 2023 Services (APAC) award. Valiantys and GLiNTECH declared Finalists for Team Excellence and ITSM Solutions

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PARIS, April 30, 2024 /PRNewswire/ — Atlassian announced today that GLiNTECH – a Valiantys company has won the Atlassian Partner of the Year 2023 Services (APAC) award. Valiantys and GLiNTECH were further declared finalists for the Team Excellence and ITSM Solutions awards, respectively.

 
This is an acknowledgement of their outstanding work for Atlassian customers during the calendar year 2023. This includes exceptional efforts in developing new business and driving innovative solutions for customer success.
“Our industry leading partners play a vital role in our customers’ continued success. We’re honored to highlight our top partners as award finalists this year, reflecting their ongoing commitment to delivering innovative solutions and unparalleled Atlassian services globally,” said Ko Mistry, Atlassian’s Head of Global Channels.
“We are delighted to be named as finalists for these awards from Atlassian, and we are particularly proud to celebrate GLiNTECH’s achievement in winning the Services (APAC) award.” said Emmanuel Benoit, Global Chief Executive Officer, Valiantys. “At Valiantys, embracing diversity of thought and challenging the ways our teams work has always provided Valiantys with a competitive edge to consistently deliver tangible results and value. We look to the future with unwavering determination and confidence as we continue to drive innovation and unlock potential for our customers around the globe.”
“We dedicate our IT Consulting Services and Custom Solutions to fulfilling our customers’ needs for success,” commented Dimitri Spyridopoulos, Chief Executive Officer GLiNTECH – a Valiantys company. “It’s an honor to be recognized by Atlassian as a finalist in two categories that reflect these efforts: Services and ITSM Solutions, and to be declared as winner for the Services award (APAC).”
For more information regarding this Press Release, contact: [email protected]
About Valiantys
Valiantys is a leading global consulting and services firm dedicated to Atlassian. The company accelerates business transformation by digitizing processes and modernizing teamwork, using the best agile methods and tools. Its Atlassian technical expertise is unparalleled and Valiantys supports its customers across the entire spectrum of projects on those platforms. As a recognized Agile at Scale, ITSM, and Cloud Specialized Partner, Valiantys help organizations accelerate time to value with Agile at scale, cloud, and ITSM implementations. Because teamwork requires more than just tools, the firm bridges the gap between applications and strategic practices such as SAFe® and ITIL. Over the last 15 years, Valiantys has helped more than 5,000 customers achieve their desired business outcomes at a reduced time to value, through improved team collaboration. More information about Valiantys can be found at https://www.valiantys.com/
About GLiNTECH – a Valiantys Company
GLiNTECH is a renowned Atlassian Platinum Partner headquartered in Australia and is the preferred choice for over 300 leading brands. The company has amassed more than 20 years of experience servicing enterprise clients across the Asia Pacific region, earning Atlassian Partner of the Year five times, including most recently for Professional Services. GLiNTECH is recognized as a Specialized Atlassian Cloud and ITSM partner. The company offers deep expertise in Licensing, Training, Support, Managed Services, Consulting, and Agile methodologies and has a proven record in providing reliable solutions while driving success within the Atlassian ecosystem. More information about GLiNTECH can be found here: https://www.glintech.com/
GLiNTECH was acquired by Valiantys in February 2024.
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Artificial Intelligence

Nillion is pleased to announce that Dwinity, a team pioneering decentralized AI has joined as an ecosystem partner

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ZUG, Switzerland and MUNICH, April 30, 2024 /PRNewswire/ — With huge amounts of personal data being collected every day, privacy concerns are escalating as the impact of data breaches become more costly. The need to address the problems created by the existing data economy have never been greater. By empowering users to reclaim control, Dwinity aims to unlock an enormous amount of potential for personal data to enhance various industries like healthcare, insurance, and finance.

About Dwinity
Dwinity’s mission is to give power back to users and to create a thriving data economy in which information asymmetry is finally removed. Dwinity enables a decentralized data economy as well as creates a data ownership driven ecosystem for storage, analysis, exchange, and commercialization of sensitive personal data.
The three components of Dwinity are:
Data control: Decentralized data spaces for decentralized data storage which provides true data sovereignty and enables users to decide with whom data is shared.Data Gold: Decentralized AI tools for each data space have the capability to unlock the full potential of data via sophisticated analysis.Data Cash: A fair marketplace with automated data value analysis, allowing for tangible income for data owners at lower costs and completely anonymous.Dwinity is presently closing its initial seed round at USD 3 MN – funds which will be used for the development of the initial prototypes to hit the market already in 2024.
About Nillion
Nillion is humanity’s first Blind Computer. It is powered by a decentralized network of nodes that enables “Blind Computation” through the coordination and orchestration of privacy enhancing technologies (PETs) such as multi-party computation (MPC), fully homomorphic encryption (FHE) and zero-knowledge proofs (ZKP). Nillion believes Blind Computation will become the internet’s base layer for all private data as PETs continue to mature. Nillion has attracted a notable initial cohort of Blind Computation builders across AI, DeFi, medical data, custody, wallets, global identity, messaging and more.
The Nillion development company, Nilogy, was incubated by CoinList’s seed program. Nilogy’s Founding CTO was the Founding Engineer of Uber (Conrad Whelan), the Chief Strategy Officer was the Founding CMO of Hedera Hashgraph (Andrew Masanto), the Chief Business Officer is the Founder of Indiegogo (Slava Rubin), the General Counsel was the Associate General Counsel of Coinbase (Lindsay Danas Cohen), along with builders hailing from Consensys, LayerZero, Polygon and Google.
“This is a major step on our way to building the leading ecosystem for sensitive data together with one of the top players in the market for the handling of such valuable data. We are looking forward to the cooperation which will add significant trust and competence to both initiatives”, said Peter Koenig, CEO of Dwinity.
Picture is available at AP
Contact for this publication: Christian Mangold [email protected]

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