The ultrasonic cleaning market size 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 market.
The ultrasonic cleaning market is highly competitive, owing to the presence of a large number of regional and global players. Key players are focusing on enhancing their product portfolios and increasing their market share through strategies such as product launches, partnerships, agreement, and collaborations. Many market players adopted product launches as a key business strategy.
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Branson Ultrasonics Corporation offers a wide range of ultrasonic cleaning instruments worldwide. The company views the US and China as potential markets for expansion and from the end-user perspective. It has adopted various organic growth strategies, such as product launches in the ultrasonic cleaning market. The company, in 2017, launched new ultrasonic cleaners which can be suitable for industries, such as food and beverage, automotive, and pharmaceuticals. This would enhance the company’s offering in the industrial application segment. Branson currently focuses on premium or high-end products which are well-suited for developed markets; however, to penetrate and establish the company in emerging markets, Branson Ultrasonics should focus on mid-range or value for money products.
Cleaning Technologies Group (CTG) is one of the leading providers of industrial and precision cleaning technologies. The company’s diversified product offerings serve verticals, such as medical, semiconductor, electronics, aerospace, and automotive. Furthermore, the company is developing innovative techniques that will lead to waste reduction by enabling the recycle and re-use of cleaning liquids. The geographic presence of the company through its business division CTG (Asia) provides unique business opportunities for greater market coverage in emerging economies, such as China and India.
Telsonic AG Group is one of the leading manufacturers of indoor and outdoor cleaning equipment. The company has developed expertise in designing and manufacturing innovative ultrasonic cleaning equipment with patented technology with a vast experience of more than 50 years. Along with the industrial ultrasonic cleaners, the company provides comprehensive after-sales services to its clients. As of 2018, the company had 250 employees.
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
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