partnerships – Page 73

Smart Gaming partners with Diligence in Gaming for full suite of Dutch compliance support

October 18, 2022 Published by EuropeanGaming.eu

Reading Time: 2 minutes

Smart Gaming, the Dutch operator behind the new live casino-focused brand betnation.nl, has partnered with regulatory and operational compliance firm Diligence in Gaming for its entry into the Netherlands.

Diligence in Gaming, which is part of leading compliance group ComplianceOne Group, worked with Smart Gaming for six months before it received its licence in the Netherlands, and continues to support the operator following the successful launch of betnation.nl.

Robert Schouten, CEO at Smart Gaming said: “Diligence in Gaming, led in the Dutch market by Mike de Graaff, is the only provider of these vital services in the Netherlands. Mike and the team have supported us during the licence application and will continue to do so to ensure we uphold the highest level of compliance and maintain a safe environment for our players.

“We have trusted Mike and Diligence in Gaming to train our customer service, compliance team and senior management in all compliance-related matters, as well as supporting the building of the correct operational compliance framework. The results are without equal.”

Mike de Graaff, Regional Compliance Manager, NL at Diligence in Gaming said: “The Dutch market requires specialist and local expertise to ensure compliance. It is key for operators to engage with these activities in preparation for go live as early as possible, as the KSA will test operators in the ability to comply with these requirements.

“Smart Gaming worked with us for six months before receiving their licence, to ensure all was ready for the go live. Excellent planning has paid off, and we look forward to working with them in the future.”

Diligence in Gaming is a regulatory and compliance firm supporting gaming operators entering new markets and remaining compliant in existing ones. It is part of ComplianceOne Group, which brings together other leading compliance brands Maxima Compliance, Complitech and DataVault ONE.

Greenland, together with Top Universities and Concordium Blockchain, is investigating the possibilities of a blockchain-based election system in the country

October 18, 2022 Published by TheBlockchainExaminer.com

Concordium Blockchain, COBRA, Aarhus University, the Alexandra Institute, and the IT University have been granted DKK 3.6 million by DIREC, to investigate how to create the best possible online voting system for Greenland.

Due to a change in the law in 2020, many Greenlanders will likely have to cast their vote online in upcoming national elections.

A group of researchers from Concordium Blockchain, Aarhus University, the Alexandra Institute, and the IT University will investigate whether a blockchain-based system will be a more trustworthy e-election on the world’s largest island.

DIREC, a collaboration between the computer science departments of eight Danish universities and the Alexandra Institute, has just granted the group DKK 3.6 million for the ambitious Privacy-Preserving and Software-Independent Voting Protocols project. The Department of Social Affairs, Labor Market and Home Affairs of Greenland is going to work closely together with the group on it.

“There are of course many advantages in an online election, however distrust and a lack of regulation ready and secure solutions has prevented the vast majority of countries from moving forward. From Concordium, a science based Decentralized blockchains with the ID at the protocol level, we are eager to participate and solve the potential problems in building online elections on our chain. In Greenland, where enormous distances make it difficult for people to cast their vote, an online solution could potentially increase voter participation, and this is one of the reasons why a change in law in 2020 paved the way for the Greenlandic government to give Greenlanders the opportunity to cast their vote online in the future.” says Kåre Kjelstrøm, CTO at Concordium.

“My goal is that we can give the Greenlandic decision-makers good conditions for deciding which system they should use to hold online elections. From a research point of view, the project can also be valuable. Technologically speaking, we are moving into unknown territory and depending on our results, you can easily imagine that the many, many countries that can see the benefits of an election will be able to use our results as well. And finally, Greenland – with its limited population and great distances – is an optimal place to start from, says professor at the IT University, Carsten Schürmann, who is Principal Investigator on the project.

Is blockchain the solution?

Bas Spitters, associate professor at Aarhus University and researcher at Concordium Blockchain Research Center Aarhus,who is internationally recognized for his research related to the verification of blockchain technologies, sees great potential in the project:

“Electronic election protocols use a kind of bulletin board, and Blockchains can be used as a private and secure bulletin board. They are already used in minor elections to ensure that voters can check that their votes have been registered correctly. In this project we will explore whether it can also be used in larger elections. In particular, we aim to verify that the protocols used to verify the votes are inaccessible to outsiders and that they are secure. In addition, in cooperation with Concordium, we must investigate whether, by integrating MitID in their blockchain, it will be possible to give voters the opportunity to identify themselves at the same time that their private information is protected,” concludes Bas Spitters.

Carsten Schürmann, who many consider one of the world’s leading experts in election technology, has previously been critical of the internet. He is, however, convinced that online voting will become widespread in the coming years and recognizes the importance of creating a trustworthy system for it, which this project can create the best possible conditions for.

“Blockchains provide some relatively new opportunities to create security and increase transparency, which can be really interesting when we talk about internet elections. With this project, we will concretely investigate how blockchain technologies can be used to curb attacks on the election process, detect technical and human errors and preserve the secrecy of the vote. We will do this by developing some protocols for a system which can be verified and which is what we call software-independent,” says Carsten Schürmann.

Leading Esports Organisation Gen.G Enters a New Strategic Alliance with SPORTFIVE

October 18, 2022 Published by EuropeanGaming.eu

Reading Time: 2 minutes

Global esports organisation, Gen.G Esports, and global sports marketing agency, SPORTFIVE, today announced the launch of a new multi-year strategic alliance to grow and strengthen the esports organisation’s commercial portfolio.

As its lead commercial representative, SPORTFIVE will work together with Gen.G to build a competitive internationalisation strategy and support the commercial development of its esports and gaming initiatives. With over 30 years of proven performance in Asia, a vast network of brands globally, paired with decades of local expertise in the different markets, SPORTFIVE is well placed to help create and grow long term value for all of Gen.G’s stakeholders and deliver integrated sports marketing solutions for all parties. As part of this mandate, SPORTFIVE will be responsible for marketing all of Gen.G’s commercial rights, including securing long-term partnerships and managing sponsorship engagements with like-minded brands in its key markets.

Ranked #8 in the 2022 Forbes list of the world’s most valuable esports companies, Gen.G owns and operates top, global championship-winning teams in titles such as League of Legends (LoL), NBA 2K, Fortnite, Valorant, Overwatch and PUBG. With seven teams spreading over three countries, Gen.G adopts an international, market-crossing strategy to grow their global reach and establish a strong presence in their major esports markets – South Korea, the United States, and China.

With the goal of building a global, inclusive, and cross-cultural community through esports and gaming, the partnership with SPORTFIVE signifies Gen.G’s continued commitment to serving fans and athletes at all levels, and maximising engagement opportunities in and beyond competitions.

Martin Kim, CRO of Gen.G said: “We are thrilled to team up with SPORTFIVE to boost our commercial efforts in the market. With our cross-market focus, it is perfect to partner with an internationally-renowned agency like SPORTFIVE and leverage on its sales expertise and extensive global network to identify the right partnership opportunities for our esports teams and gaming portfolio. We believe this partnership will allow us to explore new boundaries and develop unique concepts to connect with our audiences, and propel our Gen.G brand to the next level.”

Gyllensvard, Eike Gunnar, President, Global Esports Partnerships at SPORTFIVE, said: “SPORTFIVE is proud to be selected as the lead commercial partner of Gen.G, a leading global esports organisation with one of the most exciting rosters of esports teams and gaming talents. The global esports market revenue is growing exponentially every year, with a major segment attributed to sponsorships. More and more non-endemic brands are also realising the attractiveness and popularity of esports as a marketing opportunity, especially when engaging with the younger demographic. As such, we are thrilled to be teaming up with Gen.G in these exciting times, to optimise their commercial potential and maximise value for their avid global gaming audience.”

Gen.G has won seven global championships to date. Most recently, Gen.G’s LoL team clinched their first-ever LoL Champions Korea (LCK) championship title, after defeating T1 in the grand finals of the 2022 LCK Summer Season. This has enabled Gen.G to claim Korea’s first seed for the LoL World Championship 2022 which kicked off on 29 September.

TENNIS DATA INNOVATIONS AND SPORTRADAR TEAM UP TO EXPAND OFFICIAL TENNIS DATA DISTRIBUTION

October 18, 2022 Published by EuropeanGaming.eu

Reading Time: 2 minutes

Tennis Data Innovations (TDI) and Sportradar, the leading global sports technology company creating immersive experiences for sports fans and bettors, have announced a new partnership to expand distribution of official ATP tennis data and provide enhanced experiences for tennis fans around the world.

The partnership is centred around the introduction of a new secondary feed, which enables the provision of betting-related services based on official ATP scores to a suite of global bookmakers. Until now, these bookmakers have not had access to official data. With scores delivered directly from the umpire’s chair, the new feed provides full and uninterrupted coverage of ATP Tour and ATP Challenger Tour events across the season, including all qualifying and doubles matches, allowing bookmakers to offer the most stable and reliable in-play betting markets and an enhanced experience to end-users.

The new feed is being delivered in parallel with the existing official fast feed and is made possible through a sub-licensing agreement with Sportradar, TDI and IMG Arena. This approach expands the reach of the official data by offering an alternative feed to bookmakers and broadens access to tennis betting experiences powered by official ATP scores.

Under the terms of the agreement, Sportradar has also joined the list of suppliers licensed to provide odds and trading services based on the official fast feed. The partnership serves to further enhance the integrity of the sport, by establishing contractual relationships and transparency requirements to a wider group of bookmakers.

David Lampitt, TDI CEO: “We’re delighted to welcome Sportradar, a leader and innovator in the sports data industry, as a supply partner to TDI. Together with our existing family of world-class partners, they are helping us expand the distribution of the best tennis data feeds to customers all around the world and generate new revenue streams to invest back into the sport.”

Moritz Gloeckler, Sportradar MD Partner and Content Management said: “By taking a constructive and innovative commercial approach, TDI have found a way to serve another part of the market with official ATP data. This sub-licence agreement enables Sportradar to improve the depth and availability of trusted products to sportsbooks who were previously unable to access official data, broadening the appeal of ATP events to fans and bettors.”

GGPoker To Sponsor £500,000-Guaranteed United Kingdom Poker Championships

October 18, 2022 Published by EuropeanGaming.eu

Reading Time: 2 minutes

GGPoker today announces that it has partnered with the UK’s premier live poker venue, Dusk Till Dawn, to sponsor the upcoming United Kingdom Poker Championships (UKPC). The UKPC Main Event features a £560 buy-in, boasts £500,000 in guaranteed prizes, plus over £50,000 in added prizes for all players that qualify at GGPoker. The event is scheduled to run online at GGPoker (from January 7) and live at Dusk Till Dawn, Nottingham (from January 11).

Currently running GGPoker satellites to the UKPC main event include:

UKPC Daily Dollar Qualifiers @ 20:00 (beginning October 17) – one seat to the UKPC Main Event tournament every day for just $1! A total of 60 UKPC Main Event tickets will be awarded via the Daily Dollar Qualifiers
UKPC Weekly $80 Super Satellites @ 20:30 every Wednesday (beginning October 26) – one seat to the UKPC main event for every £560 ($640) in the prize pool, with eight seats guaranteed in each weekly event

Other qualifying options will be unveiled in the coming weeks.

Additionally, all GGPoker players that qualify to play in the UKPC Main Event, will gain entry to an exclusive UKPC Aftermath £25K Freeroll, giving players another bite of the cherry no matter how they fare in the live tournament.

All GGPoker qualifiers to the UKPC Main Event will play their preferred online Day 1 at GGPoker, either Saturday, January 7 or Thursday, January 12, with the top 20% going on to play the live Day 2 at Dusk till Dawn.

Players can also buy directly into the UKPC Main Event Day 1s hosted at GGPoker.

“GGPoker is thrilled to partner with Dusk Till Dawn and ensure our players now have an opportunity of winning their way into the UKPC Main Event, one of the highlights of the UK’s poker year,” said Angela Martin, UK & Ireland Head of Marketing at GGPoker. “There’s at least £500,000 to be won, and with satellites from $1, we hope to see some players turn a tiny online buy-in into a huge live score at the UKPC!”

New GGPoker players are eligible to claim the poker room’s Welcome Bonus, earn even more rewards with the Honeymoon for Newcomers promotion and join GGPoker’s Fish Buffet loyalty program, with regular cash prizes on offer.

To learn more about GGPoker’s UKPC satellites, please visit: https://ggpoker.co.uk/tournaments/uk-poker-championships/

Hub88 expands casino offering with Slotmill

October 17, 2022 Published by EuropeanGaming.eu

Reading Time: < 1 minute

Platform provider Hub88 has announced its latest content-integration agreement with the rapidly growing games supplier, Slotmill.

The latest deal will see Hub88 strengthen its global footprint by incorporating Slotmill’s exciting collection of titles, including popular releases Money Jar, Wildfire and Sands of Eternity.

Founded in 2019, Slotmill is an MGA accredited provider, focusing on offering unique and quality games. All of the company’s titles include HD graphics and animations, with balanced mathematics delivering the optimal gambling experience.

Thanks to Hub88’s lightweight and swift platform, players will be able to enjoy the new collection in a timely and hassle-free manner. Both parties aim to have the integration completed during the fourth quarter of the year.

José Micallef, Managing Director at Hub88, said: “Slotmill has established itself as a provider of high-end slots and is regarded as ‘NetEnt 2.0’ by many in the industry.

“The company’s product quality and player experience are second to none and we eagerly look forward to launching their games to our global operator network.”

Andreas Ternström, Chief Commercial Officer at Slotmill, added: “We are thrilled to partner with Hub88 and look forward to a partnership that definitively will help us meet our ambitions growth targets.”

SOFTSWISS Game Aggregator Integrates With Barbara Bang

October 16, 2022 Published by EuropeanGaming.eu

Reading Time: 2 minutes

SOFTSWISS, an innovative software provider for the iGaming industry, is integrating with Barbara Bang, a young and ambitious, but already well-established, market player. With this new integration, the SOFTSWISS Game Aggregator continues to consolidate its position in Latin America.

Barbara Bang is a game provider established in 2021. The promising company has an experienced team that creates products to entertain players in Europe, LatAm, and other regions. Through the new partnership, the SOFTSWISS Game Aggregator will enrich its ever-expanding game portfolio by integrating an impressive collection of more than 30 titles. The crypto-friendly game provider supports 100+ world currencies, is multilingual, and offers local solutions for specific countries. Barbara Bang provides such benefits as freespins, tournament tools, buy-in bonuses, in-game jackpots, and a flexible back office with detailed statistics.

This integration is the next step in the SOFTSWISS’ growth strategy as it continues to expand its footprint to new markets and reinforce its product portfolio. Barbara Bang games will be available to operators working with the Curacao gaming licence.

Nikita Keino, Partner Managers Team Lead at SOFTSWISS, comments on the integration: “We are delighted that Barbara Bang is becoming a SOFTSWISS Game Aggregator’s partner. This cooperation will expand the game content options available to our clients. SOFTSWISS team is doing its best to offer top-notch winning solutions to help our partners unlock new business opportunities and deliver exciting gaming experiences to players. Breaking new ground is always challenging and exciting, but I am confident that SOFTSWISS will make it big.”

Christina Mirnaia, Head of Partnerships and Business Development at Barbara Bang, comments: “We are excited to partner with SOFTSWISS and have our high-quality modern products integrated in its global content portfolio. This deal marks a new milestone for Barbara Bang’s expansion in Europe and LatAm. We are confident that players will enjoy our exciting games and appreciate our offering with a great variety of entertainment tools, including the unique and unforgettable 500,000 EUR Big Bang tournament.”

The SOFTSWISS Game Aggregator is a content hub for online gaming and sports betting brands, which was recognised as the Best Aggregator Platform of the Year (2022) according to the EGR B2B Awards. Recently, the Game Aggregator has announced a cross-product integration with the SOFTSWISS Sportsbook.

About SOFTSWISS

SOFTSWISS is an international iGaming company supplying certified software solutions for managing gambling operations. The expert team, which counts 1,400+ employees, is based in Malta, Poland, Georgia, and Belarus. SOFTSWISS holds a number of gaming licences and provides one-stop-shop iGaming software solutions. The company has a vast product portfolio, including the Online Casino Platform, the Game Aggregator with thousands of casino games, the Affilka affiliate platform, the Sportsbook Platform and the Jackpot Aggregator. In 2013, SOFTSWISS was the first in the world to introduce a bitcoin-optimised online casino solution.

ODDIN.GG ENTERS OFFICIAL DATA RIGHTS SPACE WITH PLAYZONE DEAL

October 14, 2022 Published by EuropeanGaming.eu

Reading Time: 2 minutes

Market-leading esports betting solution provider Oddin.gg and PLAYzone have entered into an exclusive agreement for the upcoming Czech Championship Tipsport MCR CS:GO. The deal will bring official data to Oddin.gg’s platform, making it accessible to customers and opening up new products to service official data rights within the esports industry. The tournament is sponsored by Tipsport, the leading bookmaker on the Czech and Slovak markets.

The goal of the partnership is to kick-start Oddin’s foray into the realm of purchasing official data assets, and to assist in the launch of their new live data product. The tournament will take place in November 2022 and promises to showcase some of the best Czech and Slovak teams battling it out.

Marek Suchar, co-founder and Managing Director at Oddin.gg: “Oddin.gg has big plans to shake up the esports data space, as we believe there is significant room for improvement when it comes to monetization and distribution of official esports data, not to mention offering a truly exceptional odds product. This is just the start, and we plan on bidding and approaching many more rights holders within the space with the aim of securing major data rights deals in 2023. We believe our wide distribution network and end-to-end esports betting solutions benefit everybody invested in the esports ecosystem, from rights holders (increased monetization) through bookmakers (improved profitability), to individual bettors (a truly engaging esports betting experience).”

Pavel Kristian, head of MČR in CS:GO: “We are proud to be working with Oddin.gg, as they have been a standout within the esports betting industry as a clear leader of odds and risk management products. Though working together on our upcoming tournament, we will have the best possible regional partner to help us grow our tournament series and establish our tournaments as a continuing part of the CS:GO Program in the region.”

SYNOT Games enhances Italian presence with Planetwin365 deal for online Casino

October 14, 2022 Published by EuropeanGaming.eu

Reading Time: < 1 minute

SYNOT Games has undergone another stage of its igaming footprint
enhancement after revealing the partnership with Planetwin365, the brand of online casino
and sports betting operator SKS365 Group.

This is also another important step toward the company’s continuous growth in the Italian
market. The launch strategy contains games such as the adventurous Archaeologist in Book of
Secrets 6, intriguing strangers behind a mask in Skull Bonanza, and zippy vitamins in 27 Joker
Fruits.

“Any brand expansion is always positive and a sign of trust. Establishing partnerships with a
strong operator is a tremendous opportunity, and I am thrilled to partner with Planetwin365 to
continue our considerable growth in the Italian market. Planetwin365 attracts thousands of
users and I believe gamers will be entertained by our innovative content,” said Priscilla Gatt,
Head of Business Development at SYNOT Games.

“SYNOT Games offers an exciting portfolio and a new perspective with creative graphics and
sounds. We look forward to a mutually fruitful partnership and we are sure our customers will
love this new addition to our growing online Casino portfolio,” said Troy Cox Chief Commercial
Officer at SKS365.

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

October 14, 2022 Published by Roboticulized.com

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 America, Asia Pacific, Europe, the Middle East & Africa, and South & Central America. Asia 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.

Inquiry Before Purchase: https://www.theinsightpartners.com/inquiry/TIPRE00006319/

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.

Speak to Research Expert: https://www.theinsightpartners.com/speak-to-analyst/TIPRE00006319

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.

Wire Harness Market – The global wire harness market size is expected to grow from US$ 88,639.39 million in 2022 to US$ 129,995.33 million by 2028. It is estimated to grow at a CAGR of 6.6% from 2022 to 2028.

Aircraft Wire and Cable Market – The global aircraft wire and cable market size was valued at US$ 716.63 million in 2020 and is projected to reach US$ 1,153.64 million by 2028; it is expected to grow at a CAGR of 6.8% during the forecast period from 2021 to 2028.

Smart Bike Market – The global smart bike market size is valued US$ 1,431.77 million in 2022, it is expected to grow at a CAGR of 10.7% during 2022–2028

Arbitrary Waveform Generator Market – The global arbitrary waveform generator market size was valued at US$ 355.3 million in 2021 and it is estimated to grow at a CAGR of 8.4% from 2022 to 2028.

Laboratory Animal Diet Market – The global laboratory animal diet market size was valued from US$ 3,797.50 million in 2021; it is estimated to grow at a CAGR of 5.3% from 2022 to 2028.

Electric Trucks Market – The electric trucks market is expected to grow from US$ 4,592.55 million in 2021 to US$ 26,542.90 million by 2028; it is estimated to grow at a CAGR of 29.4% from 2022 to 2028.

Heavy Duty Truck Electrification Market – The global heavy duty truck electrification market size accounted to US$ 8.28 Bn in 2018 and is expected to grow at a CAGR of 14.3% during the forecast period 2019 – 2027, to account to US$ 25.5 Bn by 2027.

Truck Refrigeration Market – The global truck refrigeration market size was valued at US$ 9,100.1 million in 2019 and it is projected to reach US$ 13,336.1 million by 2027; it is expected to grow at a CAGR of 5.0% from 2020 to 2027.

Truck Axle Market – The global truck axle market size was valued at US$ 1440.01 million in 2020 and is projected to reach US$ 2032.00 million by 2028. The truck axle market is expected to grow at a CAGR of 4.9% during 2021–2028.

Battery Cyclers Market – The global battery cyclers market size is valued US$ 208.14 million in 2022, it is expected to grow at a CAGR of 6.2% from 2022 to 2028.

Stainless Steel Flatware Market – The global stainless steel flatware market size was valued US$ 14,299.83 million in 2022 , it is estimated to grow at a CAGR of 6.5% from 2022 to 2028.

Waxy Maize Starch Market – The global waxy maize starch market size is valued US$ 2,000.68 million in 2021; It is expected to grow at a CAGR of 7.3% from 2022 to 2028.

Carboxy Therapy Market – The global carboxy therapy market size is valued US$ 85.24 million in 2021; it is estimated to grow at a CAGR of 12.4% from 2022 to 2028.

C-Type LNG Carrier Market – The global C-type LNG carrier market size was valued US$ 3,920.84 million in 2021. It is expected to grow at a CAGR of 7.5% during 2022–2028.

Flowable Hemostats Market – The global flowable hemostats market size was valued US$ 899.51 million in 2021; it is expected to grow at a CAGR of 6.9% from 2022 to 2028.

Tag: partnerships

Smart Gaming partners with Diligence in Gaming for full suite of Dutch compliance support

Greenland, together with Top Universities and Concordium Blockchain, is investigating the possibilities of a blockchain-based election system in the country

Leading Esports Organisation Gen.G Enters a New Strategic Alliance with SPORTFIVE

TENNIS DATA INNOVATIONS AND SPORTRADAR TEAM UP TO EXPAND OFFICIAL TENNIS DATA DISTRIBUTION

GGPoker To Sponsor £500,000-Guaranteed United Kingdom Poker Championships

Hub88 expands casino offering with Slotmill

SOFTSWISS Game Aggregator Integrates With Barbara Bang

ODDIN.GG ENTERS OFFICIAL DATA RIGHTS SPACE WITH PLAYZONE DEAL

SYNOT Games enhances Italian presence with Planetwin365 deal for online Casino

Latest Members

Who is online

Latest Hashtags