NEW YORK, June 16, 2022 /PRNewswire/ As per Zion Market Research study, The global electrical discharge machine market was valued at nearly USD 5.91 billion in 2021 and is expected to increase
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The new electrical discharge machine market research from Technavio indicates negative growth in the short term as the business impact of COVID-19 spreads.
Technavio has announced its latest market research report titled Global Electrical Discharge Machine Market 2020-2024 (Graphic: Business Wire)
Get detailed insights on the COVID-19 pandemic crisis and recovery analysis of the electrical discharge machine market.
“One of the primary growth drivers for this market is the rise in automation: industrial revolution 4.0,” says a senior analyst for the industrials industry at Technavio. The market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments. As the markets recover, Technavio expects the electrical discharge machine market size to grow by USD 1.31 billion during the period 2020-2024.