The ultrasonic
cleaning market size 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. Improving efficiency and safety in cleaning operations of
components and eco-friendly cleaning process with biodegradable waste discharge
are the key factors driving the growth of the ultrasonic cleaning market.
The ultrasonic cleaning market is highly competitive, owing to the
presence of a large number of regional and global players. Key players are
focusing on enhancing their product portfolios and increasing their market
share through strategies such as product launches, partnerships, agreement, and
collaborations. Many market players adopted product launches as a key business
strategy.
Branson
Ultrasonics Corporation offers a wide range of
ultrasonic cleaning instruments worldwide. The company views the US and China
as potential markets for expansion and from the end-user perspective. It has
adopted various organic growth strategies, such as product launches in the
ultrasonic cleaning market. The company, in 2017, launched new ultrasonic
cleaners which can be suitable for industries, such as food and beverage,
automotive, and pharmaceuticals. This would enhance the company’s offering in
the industrial application segment. Branson currently focuses on premium or
high-end products which are well-suited for developed markets; however, to
penetrate and establish the company in emerging markets, Branson Ultrasonics
should focus on mid-range or value for money products.
Cleaning Technologies
Group (CTG) is one of the leading
providers of industrial and precision cleaning technologies. The company’s
diversified product offerings serve verticals, such as medical, semiconductor,
electronics, aerospace, and automotive. Furthermore, the company is developing
innovative techniques that will lead to waste reduction by enabling the recycle
and re-use of cleaning liquids. The geographic presence of the company through
its business division CTG (Asia) provides unique business opportunities for greater
market coverage in emerging economies, such as China and India.
Telsonic AG
Group is one of the leading manufacturers of indoor
and outdoor cleaning equipment. The company has developed expertise in
designing and manufacturing innovative ultrasonic cleaning equipment with
patented technology with a vast experience of more than 50 years. Along with
the industrial ultrasonic cleaners, the company provides comprehensive
after-sales services to its clients. As of 2018, the company had 250 employees.
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