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Worldwide UV Disinfection Equipment Market 2021-2026: COVID-19 Expected to Boost the Market in the Medium to Long Term.
Saturday, November 13, 2021
DUBLIN, Nov. 5, 2021 /PRNewswire/ -- The "Ultraviolet Disinfection Equipment Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
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The Ultraviolet Disinfection Equipment market size is expected to register a CAGR of 11.2% over the forecast period, 2021-2026.
Factors, such as increasing awareness on the importance of health literacy in individuals, partly imparted by government bodies, amid the recent global spread of contagious diseases, such as COVID-19 (SARS-CoV-2) and other potential pathogens that can be transmitted through water and air, and the degree of containments in drinking water wrenching the health of general consumers in developing countries, drive the growth of the UV disinfection systems market share.
Key Highlights
-- The primary factor for the growth of, and demand for, Ultraviolet
disinfection equipment against preexisting water disinfecting methods,
such as chlorination and ozonation, is that it is an effective
alternative non-chemical water disinfection system along with additional
benefits, including capital cost, operating cost, ease of installation,
ease of maintenance, and less contact time.
-- Ultraviolet disinfection equipment finds its applications in diverse
industries, ranging from purification of water in individual homes to
disinfecting the water supply of an entire city to industrial wastewater
treatment, as UV water treatment is recognized as a safer and
cost-effective solution for industrial applications. For instance, water
treated by UV disinfection ensures quality and extends the shelf-life of
cosmetics, and hence, UV sterilization has become the preferred choice
for the cosmetics industry worldwide.
-- In addition to the performance benefits of Ultraviolet disinfection
equipment, the occasional maintenance of its components, including UV
lamp and Quartz Sleeve, to be reviewed every six months can be performed
without any need of professional assistance. This makes it ideal for
residential and municipal end-users.
-- The recent outbreak of COVID-19 is expected to boost the Ultraviolet
disinfection equipment market share in the medium to long run. For
instance, the International Ultraviolet Association (IUVA) believes that
UV disinfection technologies can reduce the transmission of COVID-19,
the SARS-CoV-2, by acting as a multiple-barrier. The research in this
area is likely to drive the market growth in the forecast period.
Key Market Trends
Municipal End Users are Expected to Project the Largest Market Share
-- The containments in drinking water, especially in developing countries,
such as India and Africa, transmit diseases, such as diarrhea, cholera,
dysentery, typhoid, and polio, and it is estimated to cause 502,000
diarrheal deaths each year.
-- Moreover, according to the WHO, around 1.8 billion people around the
world rely on drinking-water sources contaminated with feces. Such
extreme circumstances drive the need for Ultraviolet disinfection
equipment, considering the economic factor associated with developing
countries and effective solutions offered by UV disinfection systems.
-- Due to the problems associated with water scarcity, the rising cost of
freshwater drives the market for Ultraviolet disinfection equipment, as
UV systems turn wastewater in their tertiary stage to water that can be
used for reuse for secondary purposes, such as gardening. For instance,
the Bill & Melinda Gates Foundation spent USD 200 million over seven
years for funding wastewater treatment.
-- Local government body projects, such as the National Mission for Clean
Ganga, the Five Year Plan of China Government, and the Chicago River
project, involve the installation of UV disinfection systems, thereby
driving the UV disinfection systems market trends.
-- The industrial water needs and required standards of water quality laid
down by authoritative local organizations, such as the Food and Drug
Administration (FDA), drive the UV disinfection system market. For
instance, to manufacture drug products and drug substances, FDA set a
standard for the quality and purity of the water to be deployed. Thus,
companies can leverage UV disinfection systems to achieve the same.
Asia Pacific to Witness Significant Growth
-- The market studied is segmented geographically by North America, Europe,
Asia Pacific, and the Rest of the World. The Asia Pacific region is
expected to be one of the higher growth regions during the forecast
period.
-- This outbreak caused major concerns among the general public regarding
the general hygiene of food and water, as regulations were imparted by
major global organizations, such as the WHO, contributing to the rising
demand for Ultraviolet disinfection equipment globally.
-- The market demand drives China's economic shift, and sustainability
drives smart water solutions, such as sponge city development, dirty
water treatment, and utility construction. For instance, in 2019, Xylem
Inc., a 1000 fortune global water technology provider whose primary
market is China, experienced double-digit growth in the country.
-- The increasing population also aids the Asia Pacific region to be one of
the largest markets, as the region is challenged by the scarcity of safe
drinking water and its high-cost aids. The aforementioned factors drive
the UV disinfection systems market.
Competitive Landscape
Some of the major players dominating the market are Xylem Inc., Trojan Technologies, Calgon Carbon Corporation, Severn Trent Services, and Atlantic Ultraviolet Corporation.
-- April 2021 - Halma PLC announced the acquisition of PeriGen, Inc. to
create cleaner, safer, and heather solutions for customers. PeriGen,
Inc. provides software solutions integrated with artificial
intelligence, which helps in professional healthcare assessment; this
acquisition will help Halma broaden the market of existing medical
sector technologies and extend additional analytics and artificial
intelligence capabilities.
-- March 2021 - Evoque Water Technologies expands its global presence in
Chennai, India, due to the increasing growth of the Asia-Pacific market.
This expansion will allow the company to focus on market development and
growth plans, using India as a central hub for the broader Asia-Pacific
market. Evoque already established a technology and engineering center
in Chennai in November 2019 and will accommodate new 80 employees,
doubling the presence in India.
Companies Mentioned
-- Xylem Inc.
-- Trojan Technologies
-- Halma PLC
-- Severn Trent Services
-- Evoque Water Technologies
-- Advanced UV Inc.
-- Lumalier Corporation
-- Australian Ultra Violet Services Pty. Ltd
-- Ultraaqua
-- UVO3 Ltd
-- UV-Technik
-- Hitech Ultraviolet Pvt. Ltd
For more information about this report visit https://www.researchandmarkets.com/r/z6gb0j
Media Contact:
Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
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