Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
UV Disinfection Equipment Market 2017 – 2027
Ultra-violet (UV) disinfection is a highly effective way of eradicating microbial contamination in water. In this process microbes are exposed to UV-C light in order to disinfect the water and are widely used across a range of application such as purification of water, disinfecting water supply, and industrial wastewater treatment. It is the most safer and cost-effective way of disinfecting the water for industrial applications. UV technology destroys the DNA of microorganism which cause the death of bacteria which ultimately stop the growth of the bacteria as DNA plays very important in the growth and multiplication of bacteria. Moreover, this technology is also used to disinfectant surface and removal of TOC.
The global UV disinfection equipment market is projected to reach around US$ 9.2 billion by the end of 2027, in terms of revenue, growing at CAGR of 18% during the forecast period (2019-2027).
Increasing implementation of regulations for disinfection of water by the government is expected to foster the market growth of ultra-violet (UV) disinfection equipment. Moreover, China is focusing on replacing traditional methods and instruments for wastewater treatment with advanced and new technologies such as UV disinfection. Additionally, other regions such as the U.S. and European are also adopting UV disinfection technique for wastewater treatment which is further propelling the market growth of ultra-violet (UV) disinfection equipment.
Growing population rate around the globe is demanding clean and high-quality water is projected to foster the market growth of ultra-violet (UV) disinfection. As per the United Nations, the world population is projected to reach US$ 8.5 billion by 2030. As a result of which the public demand for water is expected to rise significantly. Hence, the rising population base rate around the globe will favor the market growth of ultra-violet (UV) disinfection equipment.
On basis of the region, North America region dominated the global UV disinfection equipment market in 2018, accounting for 37% share in terms of volume, followed by Asia Pacific and Europe respectively.
Figure 1. Global UV Disinfection Equipment Market, Revenue Share (%), By Region, 2018
Availability of alternative that is cost-effective such as ultrasonic treatment, chemical, and ozonation is expected to restrict the market growth of ultra-violet (UV) disinfection. Additionally, high maintenance and operational cost of ultra-violet (UV) disinfection is also expected to hinder the market growth of ultra-violet (UV) equipment over the forecast period.
Despite the fact that it has so many benefits there are few challenges are also associated with these technologies. UV light disinfection system requires to need electricity to operate which them not suitable for emergency needs if electricity is not available especially in an underdeveloped or developing region. This factor is projected to restrict the market growth of ultra-violet (UV) disinfection equipment over the forecast period.
Increasing industrialization due to the growth of chemical, oil &gas, textile, and other manufacturing industries is creating large amounts of wastewater and this expected to fuel the market growth of ultra-violet (UV) disinfection. Moreover, increasing investment by companies of wastewater treatment is also expected to propel the market growth of ultra-violet (UV) disinfection equipment over the forecast timeframe.
The growing demand for clean and high-quality water from the food beverage industry due to rising awareness regarding hygiene is expected to augment the market growth of ultra-violet (UV) disinfection. Moreover, rising concern over declining natural water resources due to growing water pollution is also expected to impact the market growth of UV disinfection equipment positively over the forecast period.
Figure 2. Global UV Disinfection Equipment Market– Opportunity Analysis
Rising cases of viral infection around the globe are encouraging manufacturers to introduce highly advanced UV disinfectant technologies and this factor is expected to propel the market growth of ultra-violet (UV) disinfection. For instance, Xiaomi, a popular Chinese electronics firm, has launched a second UV sterilizing lamp and comes with a highly affordable price of 79 yuan (Rs 800) in India. The Xiaoda Sterilization lamp is also portable and is almost the size of a coca-cola can.
The growing investment by manufacturers of ultra-violet (UV) disinfection on increasing research & development in order to develop an advance UV LED disinfectant system is projected to fuel the market growth. For instance, in November 2018, AquiSense Technologies announced a Cooperative Research and Development Agreement (CRADA) between the United States Environmental Protection Agency (USEPA), Washington University, and AquiSense Technologies. The purpose of this agreement is to design, fabricate, and test an integrated water treatment system incorporating advanced ultraviolet light-emitting diode (UV LED) disinfection and filtration technologies.
Figure 3. Global UV Disinfection Equipment Market, Revenue Share (%), By Application, in 2018
On the basis of application, in 2018, the water segment has accounted the largest market share of 54% in terms of value, followed by the waste water and air.
Key players operating in global 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.