UV Disinfection Equipment Market Future Forecast Assessed On The Basis Of How The Market Is Predicted To Grow

The global UV disinfection equipment market was valued at $1.1 billion in 2018 and is projected to reach $3.4 billion by 2026, growing at a CAGR of 15% from 2019 to 2026. Ultraviolet disinfection means killing or rendering harmful microorganisms in a dedicated environment. These microorganisms can range from bacteria and viruses to algae and protozoa. UV disinfection is used in air and water purification, sewage treatment, protection of food and beverages, and many other disinfection and sterilization applications. A major advantage of UV disinfection equipment is that it is capable of disinfecting water faster than chlorine without cumbersome retention tanks and harmful chemicals. UV disinfection equipment are also extremely cost efficient.

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Awareness among consumers and governments about health hazards of conventional chemical based disinfectants is the key driver for the market. In addition, time taken by UV disinfection equipment for a water tank is 10 seconds compared to chlorine-based disinfectant which takes 20 seconds for complete treatment of a water tank. Moreover, fast action, easy installation, low maintenance, and lower operating cost are anticipated to drive the growth of the market. This equipment are also preferable due to their environmentally friendly functioning. Rise in growth of healthcare and chemical industries is anticipated to provide growth opportunities for the UV disinfection equipment market.

However, factors such as low cost of conventional disinfectants compared to UV lights are expected to hinder the growth of this market. Increase in demand for UV disinfection equipment from healthcare and chemical industries in air treatment application are expected to offer growth opportunities in future.

This market is segmented into end use industry, application, component, marketing channel, and region. Depending on end-use industry, it is classified into residential, commercial, and industrial. As per application, it is segregated into water treatment (municipal, residential, and commercial), wastewater treatment, air treatment (healthcare facilities, residential & commercial, and bio terror agents), food & beverage disinfection, and surface disinfection. Based on component, it classified into UV lamp, quartz sleeve, controller unit, reactor chamber, and others. Depending on marketing channel, it is divided into direct marketing and indirect marketing. Region-wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, Italy, Spain, the UK, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).

The major key players operating in the UV disinfection equipment industry include Halma Plc, Xylem Inc, Danaher Corporation, Kuraray Co. Ltd., Severn Trent Plc, Koninklijke Philips N.V., Australian Ultra Violet Services Pty. Ltd., American Ultraviolet, Xenex and Atlantic Ultraviolet Corporation. Other players operating in this market include UV-Technik, Ceasa, Lit Company, Alfaa UV, and Hitech Ultraviolet.

KEY BENEFITS FOR STAKEHOLDERS
o Porter's five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
o It outlines the current trends and future scenario of the market from 2019 to 2026 to understand the prevailing opportunities and potential investment pockets.
o Major countries in the region have been mapped according to their individual revenue contribution to the regional market.
o The key drivers, restraints, and opportunities and their detailed impact analysis are elucidated in the study.
o The profiles of key players along with their key strategic developments are enlisted in the report.

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KEY MARKET SEGMENTS
o By End-Use Industry
o Residential
o Commercial
o Industrial
o By Component
o UV Lamp
o Controller Unit
o Quartz Sleeve
o Reactor Chamber
o Others

o By Application
o Water Treatment
o Municipality water treatment
o Residential water treatment
o Commercial water treatment

o Waste Water Treatment
o Air Treatment
o Health facilities
o Residential and Commercial
o Bio-Terror agents

o Food & Beverage Disinfection
o Surface Disinfection
o By Marketing Channel
o Direct Marketing
o Indirect Marketing

o By Region
o North America
o U.S.
o Canada
o Mexico

o Europe
o Germany
o France
o Italy
o Spain
o UK
o Rest of Europe

o Asia-Pacific
o China
o Japan
o South Korea
o India
o Australia
o Rest of Asia-Pacific

o LAMEA
o Brazil
o Saudi Arabia
o South Africa
o Rest of LAMEA

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