Dublin, Sept. 17, 2020 (GLOBE NEWSWIRE) -- The "UV Disinfection Equipment Market - Global Outlook and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.
The UV disinfection equipment market by revenue is expected to grow at a CAGR of close to 25% during the period 2019-2025.
With the outbreak of the COVID-19 pandemic, the demand for high-quality surface disinfectants across the globe in hospitals, clinics, and ambulatory surgical centers is growing. Also, the market is driven by the growing number of laboratories and rising awareness among people about personal hygiene. Therefore, the installation of UV disinfection equipment has also increased.
The global UV disinfection equipment market is likely to grow on account of the increasing demand for safe and clean drinking water and the declining freshwater resources. The growth in industrialization activities in countries such as China, India, and Japan has led to high-level pollution in water bodies, which, in turn, is expected to influence the growth of the global ultraviolet (UV) disinfection equipment market.
Currently, the market is witnessing a trend that involves the combined use of UV disinfectants and ozone. This trend has been adopted against a few water-borne gastrointestinal disorders. Microbes belonging to Cryptosporidium species are chlorine-resistant; however, they can be efficiently filtered as well as disinfected through UV disinfection. This will fuel the growth of advanced disinfection techniques and equipment, such as ultraviolet disinfection.
KEY QUESTIONS ANSWERED
1. What is the UV disinfection equipment market size and growth rate during the forecast period?
2. What are the factors impacting the growth of the UV disinfection equipment market shares?
3. How is the growth of the hospitality segment influencing the growth of the UV disinfection equipment market?
4. Who are the leading vendors in the UV disinfection equipment market, and what are their market shares?
5. What is the impact of the COVID-19 pandemic on the UV disinfection equipment market?
UV Disinfection Equipment Market Segmentation
The global UV disinfection equipment market research report includes a detailed segmentation by application, power rating, end-users, and geography. The ultraviolet (UV) disinfection equipment market has experienced increased acceptance in both municipal and household drinking water treatment systems. There are few large-scale UV water treatment plants in the US. The rapid growth of chemical, textile, and oil & gas industries in emerging economies has resulted in the generation of large quantities of wastewater. Increasing investments in wastewater treatment recycling by various private and public bodies across the globe are expected to water and wastewater segment growth.
The increase in concerns toward health and well-being in the global population has led to the adoption of hygiene practices, which have propelled the market for high-powered UV disinfection to purify water. Moreover, high-power devices are used in hospitals to disinfect the hospital environment to stop the spread of healthcare-acquired diseases. The high-energy portion of the ultraviolet spectrum called UV-C is the most effective for disinfection. UV-C light has been used for many years to disinfect industrial surfaces and sanitize drinking water. Therefore, UV disinfection is highly advantageous for use in hospitals as they kill spore-forming bacterium Clostridium difficile, which is a major source of hospital-acquired infections.
UV disinfection in the dairy industry is used in the packaging of fresh milk products specifically. The installation of UV tunnels over the production lines provides an effective solution to keep food safe and clean. With the outbreak of COVID-19, the demand for disinfection in the food and beverage industry has increased drastically, thereby driving the UV disinfection equipment market.
Hotels kitchens need to maintain proper hygiene. Therefore, hotels use UV lights in cleaning kitchens and food preparation areas. Knives, cutting boards, sinks, shelves, and cookware require to be disinfected using ultraviolet light technology. Therefore, the increasing number of spas and salons across the world has increased the demand for ultraviolet disinfection equipment in the hospitality segment. After the outbreak of COVID-19, most hotels are installing disinfection lamps, air purifiers to maintain hygiene and kill the virus.
INSIGHTS BY VENDORS
The global UV disinfection equipment market is fragmented. Market vendors will try to gain higher market shares by offering advanced products or expanding their business to new regions. Advanced UV Inc., American Ultraviolet Inc., and Atlantic Ultraviolet Corp. are some of the major market participants. Although the rising concerns over freshwater scarcity will offer immense growth opportunities, the availability of refurbished UV disinfection equipment will challenge the growth of market participants.
Vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments. The manufacturers emphasize identifying new market opportunities, thereby setting up certain goals to achieve productivity and efficient usage of capital resources. The present scenario is forcing vendors to alter and refine their unique value proposition to achieve a strong market presence. UV disinfection equipment manufacturers in India are experiencing enhanced demand on account of increased healthcare expenditure and rapid urbanization.
Evoqua Water Technologies
Other Prominent Vendors
ATG Evoqua Technology
Genesis Water Technologies Inc.
Neotech Aqua Solutions
Typhon Treatment System Ltd.
UV Pure Technologies
Water Health International
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