The global ultrasonic cleaning equipment market size is expected to gain momentum by reaching USD 783.1 million by 2027. This is attributable to the rising aerospace industry and the increasing adoption of Industry 4.0 to speed-up the industrial processes that is driving the demand for advanced ultrasonic cleaning equipment globally. Fortune Business Insights, published this information, in its latest report, titled, “Ultrasonic Cleaning Equipment Market Size, Share & COVID-19 Impact Analysis, By Type (Standalone, Benchtop, Multistage), By Application (Automotive, Healthcare, Electrical & Electronics, Aerospace & Defense and Others), and Regional Forecast, 2020-2027.” The report further observes that the market stood at USD 604.8 million in 2019 and is projected to exhibit a CAGR of 3.3% between 2020 and 2027.
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Suspension of Industrial Activities amid COVID-19 to Lead to Market Lull
Several countries have halted their industrial operations on account of orders received from the government agencies to limit the widespread effects of the global pandemic. With every industrial application, either suspended or completely stopped, the market is likely to experience turbulent times in the near future. However, once the industrial operations resume, the demand for machine cleaning equipment is projected to gain traction in the forthcoming years.
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Ultrasonic cleaning equipment is a type of machine that adopts cavitation bubbles induced with the aid of high-frequency sound waves to agitate liquid surfaces. The agitation enables a high force to remove contaminants such as oils, pigments, dirt, and chemical products from substrates that include glass, metals, rubber, plastics, and ceramics, among others.
List of the Companies Operating in the Global Ultrasonic Cleaning Equipment Market:
- SharperTek (Michigan, United States)
- Mettler Electronics Corp. (California, United States)
- L&R Manufacturing (New Jersey, United States)
- Elma Schmidbauer GmbH (Singen, Germany)
- Luneau Technology Group (Pont-de-l’Arche, France)
- Steelco S.p.A. (Treviso, Italy)
- Emerson Electric Co. (Missouri, United States)
- GT Sonic (Shenzhen, China)
- Kemet International Limited (Maidstone, United Kingdom)
- Crest Ultrasonics Corporation. (New Jersey, United States)
- Blue Wave Ultrasonics (Iowa, United States
What does the Report Include?
The Ultrasonic Cleaning Equipment Market report includes a thorough analysis of several factors such as the key drivers and restraints that will impact market growth. In addition to this, it provides insights into the regional analysis that covers different regions, which are contributing to the market growth in the forthcoming years. It further includes the competitive landscape that focuses on leading players and the adoption of strategies by them to announce partnerships, introduce new products, and collaboration that will further contribute to the growth of the market between 2020 and 2027. Moreover, the research analyst has adopted several research methodologies such as PESTEL analysis to extract information about the current trends and industry developments that will drive the market growth during the forecast period.
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Increasing Adoption of Industry 4.0 to Surge Demand
Owing to several technological advancements, and the surging demand for efficiency and accuracy across industrial applications is propelling the manufacturers to adopt Industry 4.0 solutions. The increasing adoption of additive manufacturing expedites the accurate monitoring and optimization of this type of cleaning equipment. Additionally, the rising aerospace industry presents a lucrative opportunity for companies to develop advanced precision cleaning equipment. For instance, the aerospace industry requires ultrasonic cleaning equipment market solutions to eliminate fracturing of landing gears owing to trapped water that may avert a major mishap.
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Table Of Content Ultrasonic Cleaning Equipment Market
1.1. Definition, By Segment
1.2. Research Approach
2 Executive Summary
3 Ultrasonic Cleaning Equipment Market Dynamics
3.1. Macro and Micro Economic Indicators
3.2. Drivers, Restraints, Opportunities and Trends
3.3. Impact of COVID-19
3.3.1. Short-term Impact
3.3.2. Long-term Impact
4 Competition Landscape
4.1. Business Strategies Adopted by Key Players
4.2. Consolidated SWOT Analysis of Key Players
4.3. Porter’s Five Force Analysis
4.4. Global Ultrasonic Cleaning Equipment Market Share Analysis and Matrix, 2019
5 Key Market Insights and Strategic Recommendations
6 Profiles of Key Players (Would be provided for 10 players only)
6.1.1. Key Management
6.1.2. Headquarters etc.
6.2. Offerings/Business Segments
6.3. Key Details (Key details are subjected to data availability in public domain and/or on paid databases)
6.3.1. Employee Size
6.3.2. Key Financials
188.8.131.52. Past and Current Revenue
184.108.40.206. Gross Margin
220.127.116.11. Geographical Share
18.104.22.168. Business Segment Share
6.4. Recent Developments
Eminent Companies Investing in R&D to Develop Advanced Cleaning Solutions
The global ultrasonic cleaning equipment market is fragmented by the presence of major players that are adopting organic and inorganic strategies to maintain their stronghold. These companies are investing in R&D activities to develop advanced ultrasonic cleaning machine to cater to the growing demand across industrial applications.
- January 2020 – Guyson International, a leading U.K.-based industrial finishing equipment manufacturer, announced the launch of its extensive range of benchtop ultrasonic cleaning equipment. According to the company, the ultrasonic bath range offers reliable, powerful, and affordable solutions that are ideal for workshops or laboratories, wherein precision cleaning is required.
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