Industrial Ultrasonic Transducer Market 2027 By Type, Application, Industry Vertical | The Insight Partners
The industrial ultrasonic transducer market accounted to US$ 609.5 Mn in 2018 and is expected to grow at a CAGR of 6.7% during the forecast period 2019 – 2027, to account to US$ 1,064.1 Mn by 2027.
Geographically, the industrial ultrasonic transducer market is segmented into North America, APAC, Europe, MEA, and SAM regions. North America dominated the industrial ultrasonic transducer market in 2018 with a significant market share and is anticipated to lose its dominance in the coming years to the Asia-Pacific region. APAC is projected to be the fastest-growing market for industrial ultrasonic transducers during the forecast period. The growth of the industrial ultrasonic transducer market in this region is attributed to growing oil & gas and metallurgy & engineering industries.
Europe is the second-largest market in the industrial ultrasonic transducer market. Apart from North America and Europe, Asia-Pacific remains at the third-largest geographic segment in the industrial ultrasonic transducer market. Europe has a strong industrial sector and the major industries in Europe account for aerospace and defense, chemicals, biotechnology, and food & beverage among others. The UK is one of the most significant industrial countries in Europe, and other countries include France, Germany, Italy, and Scotland among others. The European industrial sector has been quick to adopt new technologies that are expected to drive the growth of industrial ultrasonic transducers in the industrial segment. Also, the government in the region is also taking initiatives for the development for the adoption of new technologies by the industrial sector. For instance, the launch of Digitizing European Industry initiative (DEI) by the European Commission in April 2016, which focuses on unlocking the full potential of the fourth industrial revolution. Strong support from the government is expected to support the growth of advanced technologies which in turn is expected to drive the growth of the industrial ultrasonic transducer market in the region.
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Published Report - Industrial Ultrasonic Transducer Market: Strategic Insights
Published Report - Industrial Ultrasonic Transducer Market
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CAGR (2018 - 2027)
6.7%
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Market Size 2018
US$ 609.5 Million
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Market Size 2027
US$ 1,064.1 Million
Market Dynamics
GROWTH DRIVERS
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FUTURE TRENDS
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OPPORTUNITIES
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Key Players
- APC International Ltd
- Audiowell Electronics Guangdong Co Ltd
- Crest Ultrasonics Corporation
- Olympus Corporation
- Optel
- Piezo Technologies
- Siemens AG
- SONOTEC GmbH
- Weber Ultrasonics AG
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Type
- Contact Transducer
- Dual Element Transducer
- Immersion Transducer
- Shear Wave Transducer
- Delay Line Transducer
Application
- Level & Measurement
- Non-destructive Testing
- Process Control
Industry Vertical
- Oil & Gas
- Energy & Power
- Pharmaceutical
- Pulp & Paper
- Metallurgy & Engineering
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Published Report - Industrial Ultrasonic Transducer Market: Strategic Insights
-
CAGR (2018 - 2027)6.7% -
Market Size 2018
US$ 609.5 Million -
Market Size 2027
US$ 1,064.1 Million
Market Dynamics
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
Key Players
- APC International Ltd
- Audiowell Electronics Guangdong Co Ltd
- Crest Ultrasonics Corporation
- Olympus Corporation
- Optel
- Piezo Technologies
- Siemens AG
- SONOTEC GmbH
- Weber Ultrasonics AG
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
- Contact Transducer
- Dual Element Transducer
- Immersion Transducer
- Shear Wave Transducer
- Delay Line Transducer
- Level & Measurement
- Non-destructive Testing
- Process Control
- Oil & Gas
- Energy & Power
- Pharmaceutical
- Pulp & Paper
- Metallurgy & Engineering
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Market Insights
Rapid Expansion of Industries Would Stimulate the Demand for Ultrasonic Transducers
The global manufacturing and oil & gas industries are rapidly expanding as more and newer regions are investing in adopting manufacturing plants in their localities. The expansion in the manufacturing and oil & gas industry is expected to embrace technological advancements to enhance plant productivity, maintain the edge with the customers, and gain competitive advantage. The development in these industries is driven by economic growth worldwide. Also, the industry is presently found to be in the middle of a technological renaissance, which is changing the outlook, systems, and processes of the modern factory.
Rising Adoption of Industrial Automation in Diverse Industries
The penetration of industrial automation is gaining pace in diverse industries. In the recent past, the non-automotive industries were very underpenetrated in comparison to the automotive industry. With the increasing functionality of equipment such as industrial robots, it is anticipated that various industries will further accelerate the adoption of industrial automation. Apart from industries, penetration is also increasing among countries. Developed markets, including China, Japan, the US, have higher penetration. However, there are opportunities emerging for the industrial market to grow further even in the developed economies. The potential for further installations is remarkable in many of these countries, specifically in the non-automotive industry. This growth is attributed to the necessary transformation and modernization needed in these markets.
Type Insights
The industrial ultrasonic transducer market by type is segmented into contact transducer, dual-element transducer, immersion transducer, shear wave transducer, delay line transducer, and others. The contact transducer segment led the industrial ultrasonic transducer market, by type, with a share of 32.3% in 2018; it is anticipated to continue its dominance during the forecast period. The contact transducers are utilized in numerous applications such as thickness gaging and straight beam flaw detection, identifying and sizing delamination, and inspecting billets, plates, bars, and other nonmetallic and metallic components
Application Insights
The industrial ultrasonic transducers have a broad range of applications. The global industrial ultrasonic transducer market based on the application is segmented into level & measurement, non-destructive testing, process control, and others. The ample of benefits provided by the industrial ultrasonic transducer to manufacturing, process, and other industries make it's suitable for a spectrum of applications. The non-destructive testing segment led the industrial ultrasonic transducer market, by an application. It is anticipated to continue its dominance during the forecast period.
Industry Vertical Insights
The industrial ultrasonic transducer market by end-user vertical is segmented by pharmaceutical, food & beverages, energy & power, pulp & paper, industrial, and others. A large amount of applications mentioned above clearly depicts an upsurge in the sales of industrial ultrasonic transducers globally. Therefore, to successfully and timely meet the global demand from diversified markets, the production of advanced, compact, and new design transducer is rising, which is expected to nurture the growth of the market. The oil & gas segment led the industrial ultrasonic transducer market, by industry vertical, also it is anticipated to continue its dominance during the forecast period.
Some of the market Initiatives were observed to be most adopted strategy in the global industrial ultrasonic transducer market. Few of the recent market initiatives are listed below:
2019:CBM Partners planned to encourage and support SONOTEC’s range of maintenance instruments from the SONAPHONE series for leak detection, steam trap & valve surveys, electrical discharge and machine condition analysis.
2019:XARION was nominated out of 200 applicants to collaborate with AIRBUS. The company joins the Acceleration Programme Season #5 at the Hamburg Campus, and develop a joint acoustic process control and NDT tool for the aircraft production with the optical microphone.
Industrial Ultrasonic Transducer Market Report Scope
Report Attribute
Details
Market size in 2018
US$ 609.5 Million
Market Size by 2027
US$ 1,064.1 Million
Global CAGR (2018 - 2027)
6.7%
Historical Data
2016-2017
Forecast period
2019-2027
Segments Covered
By Type - Contact Transducer
- Dual Element Transducer
- Immersion Transducer
- Shear Wave Transducer
- Delay Line Transducer
By Application - Level & Measurement
- Non-destructive Testing
- Process Control
By Industry Vertical - Oil & Gas
- Energy & Power
- Pharmaceutical
- Pulp & Paper
- Metallurgy & Engineering
Regions and Countries Covered
North America - US
- Canada
- Mexico
Europe - UK
- Germany
- France
- Russia
- Italy
- Rest of Europe
Asia-Pacific - China
- India
- Japan
- Australia
- Rest of Asia-Pacific
South and Central America - Brazil
- Argentina
- Rest of South and Central America
Middle East and Africa - South Africa
- Saudi Arabia
- UAE
- Rest of Middle East and Africa
Market leaders and key company profiles
- APC International Ltd
- Audiowell Electronics Guangdong Co Ltd
- Crest Ultrasonics Corporation
- Olympus Corporation
- Optel
- Piezo Technologies
- Siemens AG
- SONOTEC GmbH
- Weber Ultrasonics AG
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Report Attribute | Details |
---|---|
Market size in 2018 | US$ 609.5 Million |
Market Size by 2027 | US$ 1,064.1 Million |
Global CAGR (2018 - 2027) | 6.7% |
Historical Data | 2016-2017 |
Forecast period | 2019-2027 |
Segments Covered |
By Type
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Regions and Countries Covered | North America
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Market leaders and key company profiles |
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
GLOBAL INDUSTRIAL ULTRASONIC TRANSDUCER MARKET SEGMENTATION
Global Industrial Ultrasonic Transducer Market – By Type
- Contact Transducer
- Dual Element Transducer
- Immersion Transducer
- Shear Wave Transducer
- Delay Line Transducer
- Others
Global Industrial Ultrasonic Transducer Market - By Application
- Level & Measurement
- Non-destructive Testing
- Process Control
- Others
Global Industrial Ultrasonic Transducer Market - By Industry Vertical
- Oil & Gas, Energy & Power
- Pharmaceutical
- Pulp & Paper
- Metallurgy & Engineering
- Others
Global Industrial Ultrasonic Transducer Market - By Geography
North America
- U.S.
- Canada
- Mexico
Europe
- France
- Germany
- Spain
- Russia
- Rest of Europe
Asia Pacific (APAC)
- South Korea
- Taiwan
- China
- India
- Japan
- Rest of APAC
Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Rest of Middle East and Africa
South America
- Brazil
- Argentina
- Rest of South America
Global Industrial Ultrasonic Transducer Market - Company Profiles
- APC International, ltd
- Audiowell Electronics (Guangdong) Co., ltd
- Crest Ultrasonics Corporation
- Olympus Corporation
- Optel
- Piezo Technologies
- Siemens AG
- SONOTEC GmbH
- Weber Ultrasonics AG
- Xarion Laser Acoustic GmbH
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type ; Application ; Industry Vertical
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Frequently Asked Questions
Contract transducer is the most widely used type of ultrasonic transducer. The contact transducers are utilized in numerous applications such as thickness gaging and straight beam flaw detection, identifying and sizing delamination, and inspecting billets, plates, bars, and other nonmetallic and metallic components.
Entry of new players focusing on emerging economies provides opportunity for the market growth. The foreign direct investment (FDI) globally has witnessed changes in past years, with the increasingly significant role played by developing market multinational enterprises (MNEs) being one of the most important ones among them.
The growth of the industrial ultrasonic transducer market is primarily attributed to the rapid expansion of industries and rising adoption of industrial automation in diverse industries. Moreover, countries such as the US, Germany, and China are witnessing huge growth in manufacturing industries, which is forecasted to boost the market growth.
The List of Companies - Industrial Ultrasonic Transducer Market
- APC International, Ltd
- Audiowell Electronics (Guangdong) Co., Ltd.
- Crest Ultrasonics Corporation
- Olympus Corporation
- Optel
- Piezo Technologies
- Siemens AG
- SONOTEC GmbH
- Weber Ultrasonics AG
- XARION Laser Acoustics GmbH