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Ultrasonic cleaning market projected to grow
29 October 2019
The global market for ultrasonic cleaning products is expected to grow from US$ 1.6 billion in 2019 to US$ 2.2 billion by 2024 with a compounded annual growth rate—or CAGR—of 6.5%, according to a new study from market research firm Markets and Markets.
Improving efficiency and safety in cleaning operations of components is a key factor driving the growth of the ultrasonic cleaning industry, as well as the increased demand for eco-friendly cleaning processes with biodegradable waste discharge, according to the report.
The study also predicts that medical and healthcare sectors will hold the largest shares of the market due to concerns of cross-contamination. The Asian-Pacific region will see the largest rise in ultrasonic product usage, the report adds.