January 13, 2021
According to the research report titled ‘Global Ultraviolet (UV) Disinfection Equipment Market Size study, by Component (UV Lamp, Controller Unit, Quartz Sleeve, Reactor Chamber, Others), by Application (Water Treatment, Wastewater Treatment, Air Treatment, Food & Beverage Disinfection, Surface Disinfection), by Marketing Channel (Direct Marketing, Indirect Marketing), by End-Use (Residential, Commercial, Industrial) and Regional Forecasts 2020-2027‘, available with Market Study Report LLC, global ultraviolet (UV) disinfection equipment market amassed USD 1.3 billion in 2019 and is estimated to experience a cumulative annual growth rate of 17% during 2020-2027.
Global ultraviolet disinfection equipment market is growing on back of increasing demand for safe drinking water and air treatment, rising investments to prevent water contamination, and high product adoption due to the risk of infectious disease like COVID-19.
Further, several applications of the equipment in water treatment, industries, swimming pools, centralized drinking water, food & beverage, cosmetics, biopharmaceutical, and others, majorly for removal of inorganic and organic chemicals, such as ozone, chlorine, chloramines, and total organic carbon (TOC) is driving the global ultraviolet disinfection equipment market growth.
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According to reliable sources, University of Victoria granted USD 355,000 funds to two projects, Heather Buckley’s Lab and the Department of Civil Engineering in 2018 to address the water contamination issue. Such initiatives will foster the product demand, thereby propelling the global ultraviolet disinfection equipment industry growth.
However, high capital requirement and absence of residual ability of the equipment may hamper the growth of global ultraviolet disinfection equipment market over the analysis timeframe.
From a regional frame of reference, ultraviolet disinfection equipment market in North America is projected to record a significant growth during the study period, mainly due to rising adoption of equipment, along with the presence of abundant manufacturers in the region. Whereas, Asia-Pacific industry is anticipated to witness the highest CAGR over 2020-2027, owing to rising demand for safe drinking water and increasing utilization of the product for surface disinfection in the countries like China and India.
Major players operating in global ultraviolet (UV) disinfection equipment market sphere include American Ultraviolet Inc., Koninklijke Philips N.V., Atlantic Ultraviolet Corporation, Severn Trent Water plc, Danaher Corporation, Kuraray Co. Ltd., Xenex Disinfection Services LLC, Steris Corporation, Australian Ultra Violet Services Pty Ltd., and Halma plc.