The
report "Ultrasonic
Cleaning Market by Product (Benchtop, Standalone, Multistage-2,
and Multistage-4), Power Output, Capacity, Vertical (Automotive, Aerospace,
Food & Beverage, and Jewelry & Gems), and Geography - Global Forecast
to 2024", is expected to grow from USD 1.6
billion in 2019 to USD 2.2 billion by 2024, at a CAGR of 6.5% during the
forecast period.
The market for benchtop products to grow
at the highest CAGR during 2019–2024
The
demand for benchtop products has the largest market size in 2018 and is
projected to reach at the highest CAGR during the forecast period. The growth
of the benchtop segment can be attributed due to the higher demand for such
products in cleaning of dental and surgical implants, jewelry & gems, and
machinery component. Improved efficiency and accuracy in the cleaning of a
component with a complex shape with eco-friendly cleaning process are some of
the major factors driving the ultrasonic cleaning market.
10–50 L tank capacity to dominate the
ultrasonic cleaning market, by capacity,
in 2019
10–50
L capacity is estimated to account for the largest share of the global
ultrasonic cleaning industry in 2018. The 10–50 L tank capacity of the
ultrasonic bath is deployed generally for benchtop and standalone products
which have high adoption in medical & healthcare, automotive and aerospace
vertical.
North America to hold a significant
share of the ultrasonic cleaning industry in 2019
In
terms of value, North America is expected to dominate the market during the
forecast period. Extensive industrial base and growing adoption of eco-friendly
cleaning systems are the major factors that make North America a dynamic region
in the ultrasonic cleaning market, with the US being the major contributor.
APAC is expected to grow at the highest CAGR during the forecast period.
OEMs
add the maximum value in the ultrasonic cleaning ecosystem. Branson Ultrasonic
Corporation (Branson Ultrasonic (US), Cleaning Technologies Group (CTG) (US),
Telsonic AG Group (Telsonic) (Switerzland), Omegasonics (US), Kemet
International Limited (Kemet International) (UK), Morantz Ultrasonics (US),
Mettler Electronics Corp. (Mettler Electronics) (US), SharperTek (US), Blue
Wave Ultrasonics (Blue Wave)(US), Crest
Ultrasonics Corporation (Crest Ultrasonics) (US), GuangDong GT Ultrasonic Co.,Ltd (GT SONIC)
(China), TierraTech (US), Anmasi Precision Cleaning (Anmasi) (Denmark), STERIS
PLC (STERIS) (Ireland), Ultrawave (UK),
Roop Telsonics Ultrasonix Ltd (Roop Telsonics) (India), Skymen Cleaning
Equipment Shenzhen Co.,Ltd (Skymen Cleaning Equipment) (China), and L&R
Manufacturing Company (L&R Ultrasonic) (US) are a few of the major companies
dominating the ultrasonic cleaning market.
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