Ultrasonic Cleaning Equipment Market to Grow by USD 416.56 Million & Record a CAGR of Almost 4% | Technavio
NEW YORK, April 7, 2021 /PRNewswire/ --
The global ultrasonic cleaning equipment market is expected to grow by USD 416.56 million during 2021-2025, according to the new report from Technavio. This marks a significant market slow down compared to the 2020 growth estimates due to the impact of the COVID-19 pandemic, in the first half of 2020. In addition, the report projects the market to accelerate at a CAGR of almost 4%.
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The ultrasonic cleaning equipment market is driven by the increase in demand from developing countries. In addition, the growing demand from end-user industries is anticipated to boost the growth of the ultrasonic cleaning equipment market.
Many manufacturers of ultrasonic cleaning equipment are shifting their operations to developing countries due to factors such as increased consumption, low-cost labor, raw material availability, low transportation costs, and relatively lenient government regulations. The emergence of India and China as global manufacturing hubs for automotive and industrial machinery is expected to trigger the demand for ultrasonic cleaning equipment. The high GDP is expected to drive industrial activities, such as automotive production, manufacturing, and electrical and electronic device manufacturing. Rapid industrialization is also contributing to the demand for ultrasonic cleaning equipment in APAC. The presence of favorable government initiatives will also propel the demand for industrial machinery in the region, which will support the adoption of ultrasonic cleaning equipment.
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Major Five Ultrasonic Cleaning Equipment Companies:
Blue Wave Ultrasonics
Blue Wave Ultrasonics offers several industrial ultrasonic cleaning systems, accessories, and consumables to aerospace, automotive, healthcare, and other industries.
Cleaning Technologies Group LLC
Cleaning Technologies Group LLC operates business through various segments such as Blackstone-NEY Ultrasonics, Ransohoff, and CTG Asia. The company manufactures and supplies the most innovative industrial and precision cleaning technologies around the globe. The company mainly offers its products and technology to the medical, semiconductor, electronics, aerospace, automotive, off-road, and many other industrial markets.
Elma Schmidbauer GmbH
Elma Schmidbauer GmbH operates business through various segments such as Products, and Services. The company provides a wide range of ultrasonic cleaning devices. Some of the key ultrasonic cleaning equipment offers by the company are Elmasonic Easy, Elmasonic S, Elmasonic P, Elmasonic TI-H, Elmasonic Med, Elmasonic Denta Pro, Elmasonic xtra TT, and Elmasonic xtra ST.
Emerson Electric Co.
Emerson Electric Co. operates business through various segments such as Automation Solutions, and Commercial and Residential Solutions. The company manufactures and offers a wide variety of ultrasonic cleaning systems such as Branson GCX Ultrasonic Generator, Branson Series 8300 Ultrasonic Generator, Branson Series 8500 Advanced Ultrasonic Generator, Branson OMNI 1620 Cleaning System, and others.
GuangDong GT Ultrasonic Co. Ltd.
GuangDong GT Ultrasonic Co. Ltd. offers a wide range of ultrasonic cleaning equipment such as GT-F5 43kHZ Home Use Ultrasonic Cleaner, GT SONIC GT-X5, GT-M1 Small Ultrasonic Cleaner, GT-X3 Professional Ultrasonic Jewelry Cleaner, GT-F6 Small Ultrasonic Cleaner, GT-X1 Portable Eyeglass Ultrasonic Cleaner, and others.
Ultrasonic Cleaning Equipment Market Product Outlook (Revenue, USD million, 2020-2025)
Ultrasonic Cleaning Equipment Market End-user Outlook (Revenue, USD million, 2020-2025)
Ultrasonic Cleaning Equipment Market Geography Outlook (Revenue, USD million, 2020-2025)
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