UV Disinfection Equipment Market: Demand for UV Disinfection Equipment High in Water and Wastewater Treatment
According to TMR, the global UV disinfection equipment market is expected to rise from US$1.62 bn in 2016 to US$6.73 bn by 2025, expanding at a 17.40% CAGR from 2017 to 2025. On the basis of application, the water and wastewater treatment is leading and will continue to lead in the market. The growing preference for UV disinfection technology over chlorine-based disinfection will also fuel the growth of this segment. On the basis of geography, North America is anticipated lead in the market. It accounted for 36.7% of the market in 2016 on account of the presence of many large players. Asia Pacific is estimated to emerge as one of the promising regional segments in the UV disinfection equipment market. The increasing need for cleaning wastewater and the growing demand for highly efficient wastewater management infrastructure will create growth opportunities in the market in the coming years.
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Water Scarcity to Drive Need for UV Disinfection Equipment
The increasing demand for a user friendly technique will push the demand for UV disinfection equipment. The growing awareness about the benefits of UV disinfection technology will also drive the growth of the market. As UV disinfection technique leaves no residual effect on humans or aquatic life, it is in high demand and will drive the demand for these equipment even in the years to come. “The concerns over scarcity of water across the globe will increase the need for disinfecting water so as to make it reusable and this will drive the demand for UV disinfection equipment”, states a TMR analyst. The growing population and with it the demand for water are two other factors spurring the demand for UV disinfection equipment. Companies are investing huge amount for the development of newer technologies and this will also help the growth of the market and create opportunities. The growth in industrialization will also create a need for water purification.
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High Cost Could Pose a Challenge
The designing of UV disinfection equipment, which is effective is challenging. The cost of UV disinfection equipment is quite high, which has resulted in lower adoption rates. However, commercial and large scale plants are benefitting from investing in UV disinfection plants due to the long term cost advantages of these equipment. This is anticipated to drive the market in the future.
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The study presented here is based on a report by Transparency Market Research (TMR), titled “UV Disinfection Equipment Market (Application - Water, Wastewater, Air, Food and Beverages, and Surface) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025.”
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.
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