by The UV disinfection equipment market is estimated to be valued at US$ 4.19 Bn or Mn in 2023 and is expected to exhibit a CAGR of 16% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
The UV disinfection equipment market consists of products that utilize ultraviolet (UV) light to disinfect air, water, and surface areas. UV disinfection systems effectively inactivate microorganisms by disrupting their DNA, thereby preventing them from reproducing. These systems find major application in municipal drinking water and wastewater treatment, as well as commercial applications in hospitals and laboratories. Rising awareness about waterborne diseases is propelling the demand for UV disinfection equipment for commercial and residential purposes.
Market Dynamics:
The growth of the UV disinfection equipment market is driven by stringent regulatory standards for water treatment across various countries. Governments are implementing regulations regarding wastewater discharge limits and drinking water quality standards. This is necessitating the adoption of advanced treatment technologies like UV disinfection systems. Moreover, the growing commercial sector is also contributing to market growth. For instance, use of UV disinfection equipment in hospitals helps control Hospital Acquired Infections (HAIs). The major restraining factor is the high installation and maintenance costs of these systems. However, ongoing research & development is helping introduce cost-effective UV disinfection solutions.
SWOT Analysis
Strength: UV disinfection equipment provides cost-effective and environmentally-friendly disinfection method. It involves no chemicals and requires less energy and labor compared to other disinfection methods. UV disinfection equipment ensures complete disinfection by destroying DNA and RNA of microorganisms. The technology has wide applications across various end-use industries like water purification, wastewater treatment, food and beverage processing.
Weakness: UV lamps need regular replacement which increases operating costs. Improper UV dosage management can reduce disinfection effectiveness. UV disinfection does not remove organic and inorganic contaminants from water.
Opportunity: Growing concerns regarding water scarcity and safety are driving the demand for advanced water treatment technologies. Increasing investments in water and wastewater infrastructure across developing nations present an opportunity. Growing food processing and beverage industries also offer scope for UV disinfection equipment.
Threats: Availability of alternative disinfection methods like chlorination and ozonation can hamper demand. Strict regulations pertaining to UV disinfection equipment may add compliance cost burden.
Key Takeaways
Global UV Disinfection Equipment Market Size is expected to witness high growth, exhibiting CAGR of 16% over the forecast period, due to increasing demand for advanced water and wastewater treatment technologies.
North America dominates the market currently owing to stringent safety regulations for water treatment. Asia Pacific exhibits highest growth on account of rising population and rapid urbanization in countries like China and India. Countries make substantial investments to develop water infrastructure and ensure supply of safe drinking water.
Key players operating in the UV disinfection equipment market are Severn Trent Plc, Calgon Carbon Corporation, Xylem Inc., Trojan Technologies, General Lighting, Aquionics, Atlantium Technologies Ltd., Atlantic Ultraviolet Corporation, FirstLight Technologies Ltd., Green Water Technologies, Evoqua Water Technologies LLC, Advanced UV, Inc., Hydro, Photon, makers of SteriPEN, and Enaqua. They are focusing on new product launches, partnerships and mergers to strengthen their market presence.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
