The new report by Expert Market Research titled, Global UV Disinfection Equipment Market Report and Forecast 2021-2026', gives an in-depth analysis global UV disinfection equipment market assessing the market based on component type, applications, end-use and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.
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The key highlights of the report include:
Market Overview (2016-2026)
- Historical Market Size (2020): USD 2.74 Billion
- Forecast CAGR (2021-2026): 23%
- Forecast Market Size (2026): USD 7.87 Billion
Healthcare facilities are increasingly relying on UV disinfection equipment to keep the hospital environment free of pathogens such as bacteria and viruses, which is a major factor in boosting the market for UV disinfection equipment. Because of COVID-19's presence on the market, there was an uptick in UV disinfection equipment shipments as well as related components and revenues.
Industry Definition and Major Segments
Equipment that uses short-wavelength ultraviolet C radiation to kill or inactivate germs by destroying nucleic acids and altering their DNA is known as UV disinfection. It's used to purify food, air, and water, among other things.
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The major component types of UV disinfection equipment are:
- UV Lamps
- Ballasts/Controller Units
- Reactor Chambers
- Quartz Sleeves
The market can be broadly categorised on the basis of its applications segments into:
- Water and Wastewater Treatment
- Air Treatment
By end use, the market is divided into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
During the forecast period, the UV light segment is expected to develop at the fastest rate. The growing usage of UVC LEDs in UV disinfection equipment is a primary driver driving this segment's growth. UVC LEDs have a longer lifespan and use less energy, making them a popular option for large-scale deployment. UV disinfection equipment used in industrial and municipal applications employs multiple UV lamps in a single system, which is expected to drive demand for UV lamps in the near future.
APAC accounted for the largest share of the market, and this trend is expected to continue throughout the projection period. Growing populations and the increasing demand for clean and safe water, both of which are necessary to prevent the spread of water-borne diseases, are both contributing to the growth of the UV disinfection equipment market in Asia-Pacific.
Key Market Players
The major players in the market are Xylem Inc., Trojan Technologies Group ULC, Kuraray Co., Ltd, Atlantic Ultraviolet Corporation, Evoqua Water Technologies LLC and among others. The report covers the market shares, capacities, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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