With the global economic recovery, the need of Acoustic Doppler Current Profilers (ADCP) will increase. The global market will reach to 100 million USD in 2023, from the 85.6 million USD in 2017, with a CAGR of 3.4%.
Production and Consumption
The Acoustic Doppler Current Profilers (ADCP) industry concentration is very high; there are few manufacturers in the world, and high-end products mainly from U.S. and Western European.
Global giant manufactures mainly distributed in U.S. and E.U. Top 3 producers, i.e. Teledyne Marine (US), Nortek (Norway) and SonTek (US) dominated above 80% of the global market.
The key consumption markets locate at developed countries. The United States takes the market share of 32%, followed by EU with 31.1%. China’s consumption market has a quicker growing speed of CAGR 3.4%.
We tend to believe this industry becomes more and more mature, and the consumption increasing rate will show a smooth curve.
Marketing Channels
In the international market, the marketing channels characteristic differ from company to company.
The giant companies are more likely to set their own big agents in some major countries and regions taking charge of regional business building their international market position.
Small companies, in contrast, put more effort on direct selling business. They can act as exports at the same time, and it is a common phenomenon in this industry. As they do not have that much international brand influence, their product quality is not good enough when comparing with leading companies, however, they have price advantage. They like to expand their market share in developing countries and low-end international market.
Price
The market is not only influenced by the price, but also influenced by the product performance. Although small companies have price advantage, the application is narrow to some extent due to the poor manufacture processing, cheap raw material and less diversity of products.
The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market.
Looking to the future, we take the point that the price is still maintain stable in the next few years.
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Market Competition and Others
Company mergers and acquisitions, and inter-companies cooperation have occurred for development and growth. As the downstream consumption usually follows with developed and rapid economic growth areas, such as BRICS, the developed areas’ company prefers investing to underdevelopment regions these years.
This industry is affected by the economy and policy, so it’s important to put an eye to economic indexes and leaders’ prefer. For example, Teledyne Marine (US) products suffer a deep decline due to the policy control from U.S. government to export products to China and Russia.
With the global economic recovery, the need of Acoustic Doppler Current Profilers (ADCP) will increase. The global market will reach to 100 million USD in 2023, from the 85.6 million USD in 2017, with a CAGR of 3.4%.
The Global Acoustic Doppler Current Profilers (ADCP) Sales Market Report 2018, this report released by QY Research provides a basic overview of the Acoustic Doppler Current Profilers (ADCP) industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.
The report then focuses on major industry players in global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Acoustic Doppler Current Profilers (ADCP) industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.
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