Ultrasonic Cleaning Equipment Market Size, Share, Trends, Analysis and Forecasts To 2021
Market Research analysts forecast the global ultrasonic cleaning equipment market to grow at a CAGR of 5.98 % during the period 2017-2021.
According to the report, one of the major drivers for this market is need to improve overall operational efficiency. Ultrasonic cleaning equipment is considered ideal for both delicate and robust objects. Several organizations across various industries such as healthcare, automotive, aerospace and defense, tools, and jewelry prefer ultrasonic cleaning equipment over other cleaning equipment.
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Further, the report states that one of the major factors hindering the growth of this market is lack of product differentiation. The ultrasonic cleaning equipment market includes several local and international vendors that offer similar products at competitive prices. This creates intense competition among the vendors. Therefore, vendors need to differentiate their products to gain larger market share.
About Ultrasonic Cleaning Equipment
Ultrasonic cleaning uses ultrasound and an appropriate cleaning solvent to clean items. The water or appropriate solvent used depends on the type of objects being cleaned, where it usually takes between 3-20 minutes. Ultrasonic cleaning is a method used to clean objects such as jewelry, watches, dental and surgical instruments, tools, lenses and other optical parts, coins, fountain pens, firearms, car fuel injectors, golf clubs, fishing reels, window blinds, musical instruments, industrial parts, and electronic equipment.
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Covered in this report
The report covers the present scenario and the growth prospects of the global ultrasonic cleaning equipment market for 2017-2021. To calculate the market size, the report considers the revenue generated from the worldwide retail sales of the various types of ultrasonic cleaning equipment such as Bench top ultrasonic cleaners, Standalone ultrasonic cleaners, Multistage 2 ultrasonic cleaners, and Multistage 4 ultrasonic cleaners based on their application in the market.
The market is divided into the following segments based on geography: