Oct 17, 2019   SOURCE: BusinessWire

$2.2 Billion Ultrasonic Cleaning (Benchtop, Standalone, Multistage-2, and Multistage-4) Markets - Global Forecast to 2024 - ResearchAndMarkets.com

The "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" report has been added to ResearchAndMarkets.com's offering.

The ultrasonic cleaning market 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 industry.

The ultrasonic cleaning market for 150-200 L tank capacity to grow at a higher CAGR during the forecast period

Ultrasonic cleaning products with a tank capacity of 150-200 L is expected to grow at the highest CAGR during the forecast period. The growth of the product segment with 150-200 L tank capacity is attributed to the increasing demand for ultrasonic cleaning products for critical component cleaning that ensures the safety of the component while cleaning operations and provides efficiency through precision cleaning.

The medical & Healthcare vertical is expected to hold the largest share of the market in 2018

The medical & healthcare vertical held the largest share of the in 2018. Due to increasing demand for effective cleaning of surgical implants and instruments, thereby reducing chances of contamination, during a surgical procedure at a hospital facility. Ultrasonic cleaning products are required in a healthcare facility, as surgical and medical implanting instruments require a rigorous and high level of sterilization.

One of the major advantages of ultrasonic cleaning in the medical & healthcare vertical is that its effectively clean medical implants, thereby reducing chances of contamination due to implant Ultrasonic cleaning is also deployed in the nascent stage of 3D-printed medical implants, for cleaning away the substrate thoroughly to manufacture a consistent and viable implant.

APAC to dominate the Ultrasonic cleaning market in 2018

APAC is expected to dominate the ultrasonic cleaning industry, in terms of size, during the forecast period. The high rate of adoption of ultrasonic cleaning products for quality assurance and precision cleaning of inaccessible areas of the components in the automotive and aerospace, medical & healthcare, food & beverage verticals is the key factor that has helped APAC in holding the leading position in the ultrasonic cleaning market.

Market Dynamics

Drivers

  • Improving Efficiency and Safety in Cleaning Operations of Components
  • Eco-Friendly Cleaning Process With Biodegradable Waste Discharge

Restraints

  • Lack of Skills and Expertise to Deploy and Design Ultrasonic Cleaning Systems

Opportunities

  • Increasing Demand for Customized Ultrasonic Cleaning Systems

Challenges

  • Lack of Product Differentiation By Industry Players

Company Profiles

Key Players

  • Branson Ultrasonic Corporation
  • Blue Wave Ultrasonics
  • Crest Ultrasonics
  • GT Sonic
  • Omegasonics
  • Telsonic AG Group
  • Sharpertek
  • Mettler Electronics Corp.
  • Cleaning Technologies Group, LLC
  • Morantz Ultrasonics

Other Players

  • Tierratech
  • Caresonic
  • Roop Telsonics Ultrasonicx
  • Skymen Cleaning Equipment
  • Hilsonic
  • Alphasonic
  • Anmasi Precision Cleaning
  • Sonic Solutions
  • Steris PLC
  • Kemet International Limited
  • Limplusonic

For more information about this report visit https://www.researchandmarkets.com/r/7canpg