The Global Ultrasonic Air Bubble Detectors Market size is expected to reach $185.4 million by 2030, rising at a market growth of 7.4% CAGR during the forecast period.
Automation and process control industry has been utilizing ultrasonic air bubble detectors for various applications. Consequently, automation & process control segment acquired $11 million revenue in the market in 2022. Ultrasonic air bubble detectors are used in automotive applications, such as hydraulic and pneumatic systems, to guarantee the efficiency and safety of vehicles. Air bubbles might lead these systems to malfunction, affecting the safety of both drivers and passengers. Air bubble detectors check their presence in various systems to eliminate safety issues. The growing need for reliable vehicles is anticipated to expand this market. Some of the factors impacting the market are increasing technological advancement, rising demand for high-quality products, and high Cost and Accessibility of Alternative Ultrasonic Air Bubble Detection Technologies.
Due to continued advancements in ultrasonic technology, including improved sensor accuracy, restructuring, and wireless connection, market players now have the opportunity to create more complex and successful air bubble detection systems. Additionally, ultrasonic air bubble detectors are being designed with an emphasis on employing biocompatible materials in medical applications. Hence, the increasing technological advancement in the field of bubble detection is propelling the growth of the market. Ultrasonic air bubble detectors help maintain a product's integrity by verifying that there are no air bubbles, which could impact its efficacy or safety. Also, the healthcare system is complicated, and the pharmaceutical industry's effective governance can be seen as a part of the health system strengthening required to achieve Universal Health Coverage (UHC). The market is projected to expand as an outcome of the rising demand for high-quality goods.
However, this market is quite restricted compared to more widely used technology. Distributing the research and manufacturing expenditures over many units is challenging due to the smaller client base's impact on production's ability to achieve higher economies of scale. These devices may cost more because of their restricted market size. Consequently, such elements hamper the expansion of the market.
By application, the market is classified into medical technologies, pharmaceutical industry, foodstuffs industry, automation & process control, and others. The foodstuffs industry segment procured a promising growth rate in the market in 2022. Ultrasonic air bubble detectors are used in the food & beverage industry to ensure the quality and safety of the products. They are utilized for checking for air bubbles in the fluids and gases used in the production process to ensure the final product is defect-free. The increasing need for healthy and secure food & beverages is anticipated to propel the adoption of ultrasonic air bubble detectors in this market.
Based on product, the market is segmented into fixed and adjustable. In 2022, the fixed segment dominated the market with the maximum revenue share. This is because more companies across various industry verticals demand accurate and dependable fluid system monitoring. The demand for fixed detectors is also anticipated to be fueled by the growing use of ultrasonic technology in the medical sector and the demand for clean water.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 106.3 Million |
| Market size forecast in 2030 | USD 185.4 Million |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 7.4% from 2023 to 2030 |
| Number of Pages | 280 |
| Number of Table | 270 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling |
| Segments covered | Product, Application, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Region wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the Asia Pacific region generated the highest revenue share in the market. The vast and continuously expanding population, fueling the need for healthcare and medical equipment, has been responsible for the expansion. A growing focus on patient safety and quality control in the healthcare industry has led to an increase in the use of ultrasonic air bubble detectors in medical applications in this region.
Free Valuable Insights: Global Ultrasonic Air Bubble Detectors Market size to reach USD 185.4 Million by 2030
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include TE Connectivity Ltd., Moog, Inc., Meggitt PLC (Parker Hannifin Corporation), Amphenol Corporation (Piezo Technologies), SONOTEC GmbH, Strain Measurement Devices, Siansonic Technology Limited Biosonix, Introtek International, Sensaras LLC
By Application
By Product
By Geography
The Market size is projected to reach USD 185.4 million by 2030.
An Increase in Technological Advancement are driving the Market in coming years, however, High Cost and Accessibility of Alternative Ultrasonic Air Bubble Detection Technologies restraints the growth of the Market.
TE Connectivity Ltd., Moog, Inc., Meggitt PLC (Parker Hannifin Corporation), Amphenol Corporation (Piezo Technologies), SONOTEC GmbH, Strain Measurement Devices, Siansonic Technology Limited Biosonix, Introtek International, Sensaras LLC
The expected CAGR of this Market is 7.4% from 2023 to 2030.
The Medical Technologies segment is leading the Global Ultrasonic Air Bubble Detectors Market by Application in 2022; thereby, achieving a market value of $76.5 million by 2030.
The Asia Pacific region dominated the Global Ultrasonic Air Bubble Detectors Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $84.5 million by 2030.
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