Global UV Disinfection Equipment Market: Growing Awareness about Benefits of UV Disinfection Technology to Boost Growth
Global UV Disinfection Equipment Market: Snapshot
With
the recent rise in the demand for physical disinfection using
ultraviolet (UV) technology, the global market for UV disinfection
equipment has witnessed a phenomenal progress since the last few years.
The rapid, easy and chemical-free approach of UV disinfection technology
and various other benefits it offers in disinfection have fueled the
demand for UV disinfection equipment significantly across the world.
Since
UV disinfection technology is a cost efficient and easy-to-use physical
disinfection method which does not leave disinfection by-products, its
popularity is growing by leaps and bounds, reflecting positively on the
growth of the worldwide market for UV disinfection equipment. This
market, which stood at US$1.62 bn in 2016, is anticipated to witness
continued growth over the next few years. Expanding at an impressive
CAGR of 17.40% between 2017 and 2025, the opportunity in this market is
projected to increase immensely to US$6.73 bn by the end of 2025.
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Demand for UV Disinfection Equipment High in Water and Wastewater Treatment
Water
and wastewater, air, food and beverages, and surfaces are the main
areas, where UV disinfection equipment find a widespread application.
The adoption of UV disinfection technology is significantly higher in
water and wastewater treatment. Researchers expect this rate to remain
high, as people across the world are preferring UV disinfection
technology – it does not generate disinfection by-products – over
chlorine-based disinfection.
In
2016, the UV disinfection equipment for water treatment led the global
market with a share of 56.5%. However, the wastewater segment is
anticipated to surpass the water segment over the forecast period, owing
to the increasing emphasis on the need to treat wastewater before it is
pumped into the environment. The usage of UV disinfection equipment is
also expected to increase substantially in the segments of air, food and
beverages, and surface over the next few years.
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North America to Retain its Dominance
North
America, Asia Pacific, Europe, and the Rest of the World are the key
geographical categories of the worldwide UV disinfection equipment
market. In 2016, North America, driven by demand from the U.S., emerged
as the leading contributor to the global market for UV disinfection
equipment market, accounting for a share of nearly 36.7% in the overall
revenue. Researchers expect it to maintain its dominance over the
forthcoming years. With a fairly high number of UV disinfection
companies, North America and Europe are coming out as mature regional
markets for UV disinfection equipment.
Amongst
others, the Asia Pacific market for UV disinfection equipment is likely
to report a potential growth in its share over the years to come. Most
of the countries in Asia Pacific face water scarcity, driving the need
to invest in the development of highly efficient infrastructure for
water management. The augmenting need to cleanse wastewater and put it
to use across various industries is likely to increase investments in
effective wastewater treatment technologies in this region over the next
few years. India, China, and Japan are at the forefront in using UV
disinfection in water and wastewater treatment in Asia Pacific. The
adoption of UV disinfection in the Rest of the World, especially in
Southern Africa and South America, is slower as compared to the other
regions of the world. The scenario is likely to remain same in the near
future due to the fluctuating economic conditions in these regions.
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