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 Growth, 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.
Highlights of the Report:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the Ultrasonic Cleaning Equipment Market.
- Product Development/Innovation: Detailed insights on the upcoming technologies, RandD activities, and product launches in the Ultrasonic Cleaning Equipment Market
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the Ultrasonic Cleaning Equipment Market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Ultrasonic Cleaning Equipment Market
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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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