Sunday 14 June 2020

Which are the major drivers of ultrasonic cleaning market? How huge is the opportunity for growth in the next five years?

The drivers fueling the growth of the ultrasonic cleaning market are improving efficiency and safety in cleaning operations of components and eco-friendly cleaning process with biodegradable waste discharge. The market is expected to grow at CAGR 6.5% from 2018 to 2024
Which are the major companies in the ultrasonic cleaning market? What are their major strategies to strengthen their market presence?
The major companies in ultrasonic cleaning market includes 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) . The major strategies adopted by these players are new product launches, and expansion strategy.
Which is the potential market for ultrasonic cleaning solutions in terms of region?
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 thereby propelling the growth of the market.
Which are the major products in ultrasonic cleaning market? How huge is the opportunity for their growth in the next five years?
The major ultrasonic products by type includes benchtop systems, standalone systems, multi-stage2 and multi-stage 4 systems. Which will lead to market opportunity of USD 2.2 billion by 2024.
Which end use industry will be widely using ultrasonic cleaning products, during next five years ?
Food & beverage industry is one of the major adopters of ultrasonic cleaning technology. Ultrasonic cleaning products help in efficient cleaning of containments, such as dirt, minerals, grime, oil, and other residues from any surface. Major food and beverage companies, such as Pepsi, Anheuser-Busch, Coca Cola, Miller Brewing, and Natural Alternatives, are all using ultrasonic cleaning machines across their manufacturing facilities around the globe.
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