UV Lamps Market is Expected to Surpass US$ 648.9 Mn by The End of 2028

Ultraviolet lamps (UV) emit ultraviolet radiation with a wavelength that ranges from 400 nm to 100 nm. UV lights are used for curing UV adhesive and are classified into three wavelengths including UV-A, UV-B, and UV-C. Furthermore, UV lamps are used in various applications including wastewater treatment, water treatment, air treatment, surface disinfection, food & beverages, etc. There are different types of UV lamps including UV mercury lamp, UV LEDs, etc.

Market Statistics:

The global UV lamps market is expected to surpass US$ 648.9 Mn in terms of value by the end of 2028.

Market Driver

Increasing industrial developments is expected to drive growth of the global UV lamps market during the forecast period. High growth of various end-use industries including food & beverage and chemical in the recent past and is expected to expand capacity through expansion and establishing new plants across the globe. According to Coherent Market Insight’ analysis, chemical industry revenue is projected to reflect 1.5X growth between 2015 and 2025. Chemical industry performance has strengthened in the last couple of years, as its contribution to global manufacturing sector output has increased. Chemical industry in emerging economies such as India and China are developing and companies in the countries are investing significantly in capacity building. This is done to increase production capacity of bulk as well as specialty and fine chemicals.

Market Opportunity

Healthcare facilities such as hospitals and clinics, especially in regions such as North America and Western Europe are adopting UV disinfectant equipment systems for surface and air disinfection of rooms, primarily for the reduction of hospital-acquired infections (HAIs). For instance, in June 2015, Broadlaens Medical Center—a nonprofit healthcare organization based in the U.S.—adopted UV equipment to disinfect patient rooms, surgical suites, and restrooms in its facilities.

Global UV Lamps Market: Recent Developments

In Feb 2021, Osram GmbH of Munich, Germany is further expanded its expertise in disinfection applications using UV-C ultraviolet light by investing in the UV-C LED specialist Bolb Inc of Livermore, CA, USA, acquiring a stake of about 20% in the firm.

In June 2021, De Nora, a global leader in the delivery of sustainable technologies, announced the acquisition of the UV Technologies Division (Calgon Carbon Corporation). The deal includes municipal and industrial water ultraviolet disinfection brands RAYOX, SENTINEL and C3 SERIES UV, as well as the products, brands and assets of Hyde Marine, a world leader in UV ballast water management systems.

Market Restraint

Growing preference for traditional methods is expected to hinder the global UV lamps market growth over the forecast period. Conventional methods for disinfection of water such as chlorination and oxidation are still used in water and wastewater treatment facilities in certain developing countries in Latin America and Eastern Europe.

Global UV Lamps Market - Impact of Coronavirus (Covid-19) Pandemic

Since the outbreak of the COVID-19 pandemic, the global economic activities have been hampered severely. However, unlike other industries and markets, the global UV lamps market witnessed sharp growth during the pandemic. UV lamps have been widely used in healthcare settings such as hospitals, clinics, and nursing rooms disinfecting viruses and bacteria. Ultraviolet light sterilization kills viruses, bacteria, yeast, and fungi in mere seconds and hence UV lamps have witnessed high demand. Furthermore, many corporate organizations and commercial spaces have started adopting robotic UV disinfectants, in order to sanitize the premises. Besides, growing awareness regarding hygiene, the demand for such lamps is expected to increase in the near future.

Key Takeaways:

• The global UV lamps market was valued at US$ 9 Mn in 2020 and is forecast to reach a value of US$ 648.9 Mn by 2028 at a CAGR of 11.3% between 2021 and 2028. This is owing to increasing social infrastructure investment.
• The UV Mercury Lamp segment was valued US$ 298.7 Mn in 2020 and is expected to witness a CAGR of 11.3% over the forecast period. This is owing to owing to increased demand of UV Mercury Lamp in the global market.

To know the latest trends and insights prevalent in this market, click the link below:

https://www.coherentmarketinsights.com/market-insight/uv-lamps-market-4693

Market Trends

Various food and beverage manufacturers focus on using UV disinfection systems as an additional process for disinfecting water that is required in bottle washing and as raw material for beverages. For instance, in October 2015, Brown Brothers winery, an Australia-based winemaker, installed a UV disinfection system.

Various local UV lamp manufacturers, especially in Asia tend to focus on developing low-cost replacement UV lamps, targeting developed regions such as North America and Western Europe that account for major revenue share in the global UV lamps market.

Competitive Section

Major companies involved in the global UV lamps market are Xylem Inc., Atlantic Ultraviolet Corporation, Calgon Carbon Corporation, Halma PLC, Trojan Technologies Inc., Heraeus Holding Gmbh, Xenex Disinfection Services LLC, Severn Trent PLC, OSRAM Gmbh, and Koninklijke Philips N.V.