USD 4.36 billion
Report ID:
SQMIG20L2031 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
64
|Figures:
77
UV Disinfection Equipment Market size was valued at USD 4.36 billion in 2021 and is poised to grow from USD 4.90 billion in 2022 to USD 11.01 billion by 2030, at a CAGR of 12.28% during the forecast period (2023-2030).
The components of a UV disinfection system are sold on the UV disinfection equipment market. For instance, in March 2022 Well Air Introduces a New Advanced Air Cleaning Device in Europe with Industry Leading 99.9% Effectiveness Against Airborne Pathogens after Independent Testing. With the launch, Well Air is forging ahead with creating healthy indoor spaces at a time when attention to air quality has never been more important. The use of UV air purification is a well-known approach that has been regularly endorsed by organizations like the WHO and CDC for use in laboratories, operating rooms, hospitals, and educational settings. Additionally, UV air purifiers are suggested to improve the air quality in both the residential and commercial sectors by removing particulate matter and dust. Since the composition of the electrical grid heavily influences UV, UV disinfection systems have a lesser environmental impact than sodium hypochlorite and chlorine gas. Public health organisations recognise UV disinfection systems as an efficient method for treating drinking water, reclaimed water, and wastewater. The need to save water resources and achieve sustainability goals has led countries all over the world to adopt these systems because they are secure and do not call for the use of harmful chemicals.
US UV Disinfection Equipment Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 4.36 billion
Largest Segment
Municipal
Fastest Growth
Municipal
Growth Rate
12.28% CAGR
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Global UV Disinfection Equipment Market is segmented by component, power rating, application, end user, and region. Based on component, the market can be segmented into UV lamps (mercury UV lamps {low-pressure mercury UV lamps, medium-pressure mercury UV lamps, Amalgam mercury UV lamps}, UV LEDs), Quartz sleeves, reactor chambers, controller units, and others. Based on power rating, the market is segmented into low, medium, and high. Based on application, the market is segmented into water and wastewater disinfection, process water disinfection, air disinfection, and surface disinfection. Based on end user, the market is segmented into residential, commercial, industrial, and municipal. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
UV Disinfection Equipment Market Analysis by Application
With the largest market share and a projected CAGR of 13.4%, the water and wastewater disinfection industry will continue to expand. The demand for UV disinfection equipment is also growing as a result of increased government regulations requiring safe and environmentally friendly water and wastewater treatment. Additionally, UV Disinfection equipment is environmentally benign and does not require the handling of potentially harmful chemicals like chlorine. It also has a low power usage. The usage of UV disinfection equipment in the water and wastewater sectors is fast expanding due to its advantages and the growing shortage of such equipment.
Due to the increased emphasis on delivering cutting-edge medical-grade air purifiers, such as UV systems, surface disinfection in healthcare facilities, biopharmaceutical businesses, and the food and beverage industry is increasing. Surprisingly, the threat to global health crises has highlighted the value of ultraviolet (UV) disinfection equipment for polluted surfaces as the main vehicle for disease transmission.
UV Disinfection Equipment Market Analysis by End User
The market's largest contributor, the municipal segment, is anticipated to expand at a CAGR of 13.2% during the forecast period. The disinfection procedure is the last step in the treatment of municipal wastewater. Cleaning wastewater requires safeguarding both the environment and public health. The industry has shifted to cleaner substitutes like UV as people are becoming more aware of the long-term consequences chemical wastewater treatment has on public health and the environment. UV is also a trustworthy, secure, and environmentally friendly way to clean wastewater.
Due to inappropriate or inadequate handling of industrial wastewater effluents, modern industrial operations and urbanization in emerging nations have caused environmental harm. The demand for UV disinfection in the treatment of industrial wastewater has increased since all microorganisms are therefore vulnerable to chemical-free UV disinfection
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The region is expected to increase at a CAGR of 13.3% over the forecast period and currently holds the largest market share for ultraviolet (UV) disinfection equipment globally. China is the region's biggest producer of ultraviolet disinfection equipment among the nations in the Asia-Pacific. Energy, aluminum, armaments, cement, chemicals, coal, fertilizers, food processing, iron, machine-building, mining, and ore processing are China's key economic sectors, with the energy industry accounting for around 33% of the Asia-Pacific market. China's economy is also rapidly expanding. Water is used as an input or a byproduct in these industries. Similar to China, metropolitan areas in India have a considerable need for UV disinfection equipment, and semi-urban areas are becoming more conscious of the issue.
The forecast term is expected to see growth in North America at a CAGR of 12.8%. The existence of nations like the US, Canada, and Mexico is what pUV Disinfection Equipment in the North American region. The advantages of using wall-mounted UVC robots or UV light to disinfect buildings are becoming more and more clear to healthcare organizations and hospital executives in the US. The need for UV disinfection equipment in water and sewage treatment plants is also growing as a result of population trends in Canada and the country's corresponding per capita water consumption. Additionally, the competitiveness of Mexican UV disinfection equipment is rising as a result of investments in healthcare infrastructure. The Mexican State has also taken several steps to enhance the water treatment process, which in turn promotes the development of the entire North American market for UV disinfection equipment.
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UV Disinfection Equipment Market Drivers
Frequently Using UV Disinfection Equipment to Clean Up Medical Facilities and Hospitals
UV Disinfection Equipment Market Restraints
Affordable Prices for Traditional Disinfectants might Pose as Threat
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Due to the growing demand for products with UV technology, major manufacturers are putting more of an emphasis on product breakthroughs and technological advancements. To further solidify their position in the global market, manufacturers are also pursuing alternative tactics like mergers and acquisitions.
UV Disinfection Equipment Market Top Player’s Company Profiles
UV Disinfection Equipment Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analyses, the UV disinfection equipment market has witnessed substantial growth, driven by increasing awareness about the importance of disinfection and the need for effective solutions to combat the spread of infectious diseases. The market size has expanded due to rising demand from sectors such as healthcare, water and wastewater treatment, food and beverage, and others. The global UV disinfection equipment market is thriving due to factors such as increasing awareness of hygiene, stringent regulations, technological advancements, and the expanding applications of UV disinfection. The market is expected to continue its growth trajectory as industries and governments prioritize effective disinfection solutions to ensure public health and safety.
Report Metric | Details |
---|---|
Market size value in 2021 | USD 4.36 billion |
Market size value in 2030 | USD 11.01 billion |
Growth Rate | 12.28% |
Base year | 2023 |
Forecast period | 2023-2030 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the UV Disinfection Equipment Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the UV Disinfection Equipment Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the UV Disinfection Equipment Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the UV Disinfection Equipment Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG20L2031
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