PUBLISHER: BCC Research | PRODUCT CODE: 1110046
PUBLISHER: BCC Research | PRODUCT CODE: 1110046
The global ultrasonic equipment market should reach $158.2 billion by 2027 from $90.4 billion in 2022 at a compound annual growth rate (CAGR) of 11.8% for the forecast period of 2022 to 2027.
The North American ultrasonic equipment market is expected to grow from $25.8 billion in 2022 to $45.0 billion in 2027 at a CAGR of 11.7% for the forecast period of 2022 to 2027.
The Asia-Pacific ultrasonic equipment market is expected to grow from $27.3 billion in 2022 to $50.4 billion in 2027 at a CAGR of 13.1% for the forecast period of 2022 to 2027.
In this report, the market has been segmented based on equipment type, applications and geography. The report provides an overview of the global ultrasonic equipment market and analyzes market trends. Using 2021 as the base year, the report provides estimated market data for the forecast period, 2022-2027. Revenue forecasts for this period are segmented based on equipment type, applications and geography. Market values have been estimated based on the total revenue of ultrasonic equipment providers.
The report covers the market for ultrasonic equipment with regard to the consumer base, across different regions. It also highlights major trends and challenges that affect the market and the vendor landscape. The report estimates the global market for ultrasonic equipment in 2021 and provides projections for the expected market size through 2027.
The scope of the study includes ultrasonic equipment such as motors/actuators, medical equipment, processing equipment, assembling equipment, testing equipment, and ultrasonic flow meters and sensors. However, spares and consumables applicable to the ultrasonic equipment have been excluded from the study.