16-January-2019: According to a report by Grand View Research, Inc., global ultraviolet (UV) disinfection equipment market is anticipated to value USD 6.42 billion by 2022. Growing requirement for clean and safe drinking water attributed to rising pollution and reducing freshwater resources is anticipated to propel demand for UV disinfection equipment. These equipment are likely to offer low environmental impacts and easy installation as compared to conventional chemical disinfection methods. Commercially these equipment are expected to be available in various specifications such as capacities and sizes depending upon their application.
High demand for clean drinking water among consumers attributed to growing health concerns and awareness regarding benefits of technology can surge market growth over next few years.
Rising investments by governments across the globe to promote advanced water treatment technologies can fuel growth of market. Continual technological advancements in UV disinfection equipment by manufacturing companies in terms of design, efficiency, and installation can influence growth of market. Stringent government regulations imposed on wastewater recycling from industrial, commercial, and residential buildings can foster market growth over the forecast period (2012 to 2022).
Presence of low-cost alternative disinfection methods including ultrasonic treatment, chemical disinfection, and ozonation can hamper growth of market. However, growing adoption of UV disinfection equipment owing to its useful characteristics such as corrosion resistance, low environmental impact, and high efficiency can create lucrative opportunities of growth of market.
The ultraviolet (UV) disinfection equipment market can be segregated on the basis of application and region. Based on application, the market can be categorized into air treatment, wastewater treatment, water treatment, process water treatment, and surface disinfection. In 2016, water treatment segment dominated the market and accounted for largest market share. In addition, wastewater treatment segment accounted for market share equivalent to USD 442.2 million. Rapid growth of textile, chemical, and oil & gas sectors in emerging economies is expected to generate large quantities of wastewater. Rising investments in wastewater treatment by public and private bodies globally can drive growth of market.
Similarly, air treatment segment is likely to contribute well to market share over the forecast period attributed to growing concerns regarding health and safety among consumers. In addition, growing number of R&D activities to control airborne diseases such as Ebola and swine flu can create new opportunities for product over next few years.
Regional segmentation includes Europe, North America, Asia Pacific, and rest of the world. In 2016, North America dominated the market and accounted for 40.5% of global market share. Increasing use of technology in water & wastewater treatment and food & beverage sectors can fuel growth of market in the region. Environmental protection agency (EPA) in United States (U.S.) is predicted to favor use of these equipment. This in turn, can spur growth of market in the region over next few years. In addition, favorable government policies for water and wastewater treatment can boost market growth. Moreover, high prevalence of major manufacturing companies in the region including Aquionics Inc.; Xylem Inc., Atlantic Ultraviolet Corporation; and Calgon Carbon Corporation can fuel growth of market in this region.
Similarly in Asia Pacific, the market is expected to witness fast growth at CAGR of 25.3% over the forecast period. Rapid population growth in India and China with declining fresh water resources attributed to unusual rainfalls is expected to account for shortage of water in the region. This, in turn, can surge demand for using UV disinfection equipment in water and wastewater treatment. In addition, growing industrialization in these countries are expected to result in air and water pollution, which can adversely affect rainfalls and purity of natural water resources. High demand for hygienic drinkable water among consumers can influence growth of market over next few years.
Some of the leading companies offering ultraviolet (UV) disinfection equipment are Trojan Technologies; Severn Trent Services; Xylem Inc.; Atlantic Ultraviolet Corporation; and Calgon Carbon Corporation. Most companies are expected to adopt business strategies such as development of advanced equipment and mergers & acquisitions to expand their product portfolio and gain traction among consumers.
In-Depth Research Report On Ultraviolet (UV) Disinfection Equipment Market:
https://www.grandviewresearch.com/industry-analysis/ultraviolet-uv-disinfection-equipment-market