Industrial Ultrasonic Transducer Market Overview and Growth by 2027

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

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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

Published Report - Industrial Ultrasonic Transducer Market Regional Insights

The regional trends and factors influencing the Published Report - Industrial Ultrasonic Transducer Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Published Report - Industrial Ultrasonic Transducer Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Published Report - Industrial Ultrasonic Transducer Market Report Scope

Published Report - Industrial Ultrasonic Transducer Market Players Density: Understanding Its Impact on Business Dynamics

The Published Report - Industrial Ultrasonic Transducer Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

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