The growing prevalence of infectious diseases and an associated demand for UV disinfection equipment from end-use verticals are propelling market growth.
Market Size – USD 2.56 billion in 2019, Market Growth – CAGR of 11.3%, Market Trends – Rising demand for safe drinking water in developing economies and the outbreak of novel coronavirus.
The ultraviolet disinfection equipment market size is estimated to reach USD 6.06 Billion from USD 2.56 Billion in 2019, delivering a CAGR of 11.3% through 2027. The market growth is driven by the growing prevalence of infectious diseases, including Hospital-Acquired Infections (HAIs), along with rising investments for the expansion of wastewater facilities. The extensive usage of reclaimed water in car washing, urinals, and landscape irrigation, has led to the surging demand for disinfection technologies. The U.S. EPA (Environmental Protection Agency) has approved ultraviolet disinfection for small and medium-sized public water systems, which is likely to boost the adoption of ultraviolet disinfection equipment, thereby fuelling market growth over the forecast period.
Ultraviolet disinfection equipment is an effective technology to kill Infectious diseases causing pathogenic microorganisms, including bacteria, viruses, parasites, or fungi. According to the World Health Organization, infectious diseases account for nearly 17 million deaths every year. The growing morbidity and mortality rate of infectious diseases will offer lucrative scope for the ultraviolet disinfection equipment market expansion.
Furthermore, the report is furnished with the latest impact of the COVID-19 pandemic on the market. The pandemic has affected every segment of the market, along with bringing disruption in the supply chain, demands & trends, and financial difficulties. The report covers the initial and future assessment of the COVID-19 impact on the market.
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The report covers the market dynamics analysis, company profiles, production and manufacturing capacity, product specifications, product value, and key players. The report also offers an insight into the growth prospects during the forecast period. The Ultraviolet Disinfection Equipment Market report also offers detailed data on the key market players to impart a deeper understanding of the competitive landscape. The report focuses on the key market elements to ensure the readers gain a competitive advantage and maximum benefit of the market data to assist them in achieving substantial growth and an advantageous position in the global market.
Key findings of the report:
Based on component, the UV lamps segment contributed to the largest market share in 2019 and is estimated to witness a growth rate of 10.9% through 2027.
On the basis of application, the surface disinfection segment is likely to hold a major chunk of the global ultraviolet disinfection equipment market share, delivering the fastest growth rate of 12.3% over the projected timeframe.
Water treatment applications accounted for a majority of the market revenue share in 2019 and is forecast to exhibit a CAGR of 11.1% over the analysis period.
In terms of end-user, the municipal sector is estimated to witness the fastest growth rate of 11.8% through 2027.
In the regional landscape, the Asia Pacific region is forecast to witness the fastest growth rate of 12.5% over the analysis period. The robust growth can be attributed to the fast population growth, diminishing freshwater resources, and rising shortage of potable water in several countries across the region. This has further led to the growth of the water and wastewater treatment industry generating high demand for ultraviolet disinfection equipment in the region.
Europe is forecast to witness a growth rate of 11.1% through 2027 on account of the growing healthcare industry in the region, generating high demand for ultraviolet disinfection equipment.
North America contributed significantly to the ultraviolet disinfection equipment market share in 2019 and is set to exhibit a growth rate of 10.8% through 2027 owing to an increased usage of UV disinfection in the food & beverage sector as well as water and wastewater treatment plants in the region.
Key players operating in the global ultraviolet disinfection equipment market include Trojan Technologies, Atlantic Ultraviolet Corporation, American Ultraviolet, Halma PLC, Xylem Inc., Evoqua Water Technologies LLC, Kuraray Co. Ltd., Advanced UV Inc., Hoenle AG, and Atlantium Technologies Ltd., among others.
In 2019, Xylem, a leading water technology company, launched a new line of Wedeco Acton PE ultraviolet disinfection systems for use in harsh water systems and saltwater for use in aquaculture farms, aquaria, zoos, saltwater thermal pools, well boats, and others.
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For the purpose of this study, the global Ultraviolet Disinfection Equipment market has been segmented on the basis of disease type, application, distribution channel, and region:
Component Outlook (Revenue, USD Million; 2017-2027)
- UV Lamps
- Quartz Sleeves
- Reactor Chambers
- Controller Units
Application Outlook (Revenue, USD Million; 2017-2027)
- Water Treatment
- Wastewater Treatment
- Air Disinfection
- Process Water Disinfection
- Surface Disinfection
End-User Outlook (Revenue, USD Million; 2017-2027)
By Region (Revenue, USD Million; 2017-2027)
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Rest of Latin America
Middle East & Africa
- Saudi Arabia
- Rest of Middle East & Africa
Table Of Contents:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Indicative Metrics
Chapter 4. Ultraviolet Disinfection Equipment Segmentation & Impact Analysis
4.1. Ultraviolet Disinfection Equipment Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
126.96.36.199. Growing prevalence of infectious diseases
188.8.131.52. Rising demand for safe drinking water, especially in the APAC region
184.108.40.206. Favorable government initiatives
4.2.3. Market restraints analysis
220.127.116.11. Cost-prohibitive equipment
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter’s Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis
4.9. Customer Mapping
4.10. Covid-19 Impact Analysis
4.11. Global Recession Influence
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