Governments across the globe have stringent regulatory measures regarding clean and safe drinking water supply. As UV disinfection techniques are rapidly replacing traditional customary chlorine-based disinfectants, the market for UV disinfection equipment is gaining traction globally. The global UV disinfection equipment market is expected to expand at a healthy CAGR of 14.1% over the forecast period, 2013-2019. In 2012, the global UV disinfection equipment market was valued at US$ 993.4 million. The market is expected to attain the revenues worth US$ 2.5 Bn by the end of 2019.
Key Market Dynamics
Awareness among consumers, corporate, and governments about a range of health hazards of conventional, chemical-based disinfectants is the key driver pushing the demand for UV disinfectants in the market. Eventually, the market for UV disinfection equipment is expanding at a rapid rate. Where chlorine-based disinfectants require nearly 20 minutes for an efficient water tank treatment, UV disinfectant equipment accomplish the same task within not more than 10 seconds, with the help of UVC lamps. In addition to extremely fast action, low maintenance, easy installation, and lower operating costs are anticipated to be the key drivers accounting for increased adoption of UV disinfection equipment globally. These equipment are also preferable due to their residue-free, environmentally-friendly functioning. A wide range of applications in air disinfection and sewage disinfection are predicted to escalate the demand for UV disinfection equipment. Exploding growth of healthcare and chemical industries are anticipated to provide strong growth opportunities to the UV disinfection equipment market throughout the forecast period. Higher initial capital costs of UV disinfection equipment are however estimated to hamper the market growth.
Currently, the market is witnessing a trend that involves combined use of UV disinfectants and ozone. This trend has been adopted against a few water-borne gastrointestinal disorders. Microbes belonging to Cryptosporidium species are chlorine-resistant; however, they can be efficiently filtered as well as disinfected through UV disinfection. This will fuel the growth of advanced disinfection techniques and equipment, such as UV disinfection. UV LED that first entered the market in 2012, is witnessing higher popularity owing to compact size and high energy efficiency. In terms of price, it is more profitable than a traditional UV lamp as a traditional lamp costs US$ 4,562 per annum, whereas the LED costs merely US$ 279 per annum.
The global UV disinfection equipment market is segmented into water, waste water, air, surface, and food and beverages. Water segment is predicted to continue representing a major market share, attributed to burgeoning water treatment plants in Europe as well as developing countries in Asia Pacific. However, the waste water segment will register higher growth following increased demand for disinfection equipment in newly constructed waste water treatment plants. The food and beverages segment, despite a slightly declining growth rate, is expected to witness an uptick with the flourishing food and beverages industry.
Based on the geographical region, the global UV disinfection equipment market is segmented into four key regions, including North America, Europe, Asia Pacific, and the rest of the world. Attributed to increased adoption of advanced water treatment technologies, North America is expected to continue the highest global sales of UV disinfection equipment, led by the U.S. As per the EPA’s LT2 (long term 2) Surface Water Treatment Rule regarding drinking water treatment, all the public water systems in the U.S., which rely on ground water under the direct influence of surface water or directly on surface water, must contain reduced levels of Cryptosporidium by 99%. As this microbe species is resistant to chlorine, there is ample opportunity for the penetration of UV disinfection market. Asia Pacific will be the second largest market, followed by Europe. Flourishing healthcare industry in APAC and Europe is anticipated to fuel the market for UV disinfection equipment. By the end of 2017, the Western European countries will invest over US$ 120 billion in this industry. More demand is expected to be raised for newly built waste water treatment plants in this region. In addition, new equipment will be purchased to replace older, expired disinfection equipment. This will result in substantial growth of the market especially in the U.K., Spain, and France.
Key Market Players
Some of the key players in the global UV disinfection equipment market include
Philips Lighting, Atlantic Ultraviolet Corporation, Xenex Disinfection Services LLC. Aquionics, Calgon Carbon Corporation, and American Ultraviolet, Inc.
A newly published report by Persistence Market Research on the global UV disinfection equipment market examines the market for a six-year forecast period, 2013-2019. Although traditional disinfectants and disinfection equipment are cost-effective, they are reportedly harmful for public health and low energy efficient. On contrary, advanced disinfection technologies, such as UV disinfection are proven to be harmless, high energy efficient, and eco-friendly. Growing awareness about the superiority of UV disinfectants over conventional chlorine-based disinfectants is primarily driving the demand for UV disinfection equipment globally.
The report begins with a general overview of the global UV disinfection equipment market. The next section comprises key trends and challenges associated with the market growth. This section provides an in-depth analysis of all the important drivers, which positively impact the market growth, and restraints that are expected to deter the market growth by the end of 2019. Along with the latest technology and application trends, the report also highlights growth opportunities for the market in various segments and geographical regions.
The next part of the report throws light on the global UV disinfection equipment market’s segments, including water, waste water, air, surface, and food and beverages. This section offers an extensive assessment report on each of the segments, including the growth prospects, key drivers and restraints, underlying opportunities in a particular segment, revenues, yearly growth, and individual market share dynamics. After segmentation, the report analyzes the key geographical regions in detail, offering insightful data about the status of each regional market and factors associated with it. The last section of the global UV disinfection equipment market report includes the leading companies dominating the market. Key players are extensively profiled to provide deep understanding of their growth patterns, strategies, strengths, major competitors, revenue shares, and prospects.
To deduce the global UV disinfection equipment market size, the report considers various aspects based on secondary research. Furthermore, key data points such as region-wise split and market split by product type, vehicle type, and distribution channel; and qualitative inputs from primary respondents have been incorporated to arrive at appropriate market estimates. The forecast presented in the report assesses the total revenue generated and expected revenue contribution in the global UV disinfection equipment market.
The report begins with sizing the market in terms of value and volume for the base year, which forms the basis for forecasting how the market is anticipated to take shape in the near future. Given the characteristics of the market, gathered data is triangulated via different analysis based on supply side and demand side drivers and other key dynamics of the global UV disinfection equipment market. To develop the market forecast, Persistence Market Research has also conducted a factor analysis to understand the impact of various forces/factors on the target market. The report provides forecasts not only in terms of CAGR but also presents a detailed analysis based on key parameters such as Year-on-Year (Y-o-Y) growth to understand market predictability and to identify the right opportunities.
Another key feature of this report is an analysis of the global UV disinfection equipment market and the corresponding revenue forecast in terms of absolute dollar opportunity, usually overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective in the global UV disinfection equipment market. Further, to understand key segments in terms of their growth and overall global UV disinfection equipment market performance, Persistence Market Research has developed a market attractiveness index to help providers identify existing market opportunities in the global UV disinfection equipment market.