The UV disinfection equipment market is driven by healthcare demand, with a forecast CAGR of 19.23% from 2021-2026, reaching USD 7.87 billion.
The new report by Expert Market Research titled, ‘Global UV Disinfection Equipment Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global UV disinfection equipment market, assessing the market based on its segments like component types, applications, end uses, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2016-2026)
The market for UV disinfection equipment is being aided by the rising demand for the equipment in the healthcare industry. As the requirement to prevent air transmission is surging, UV disinfection equipment is increasing deployed to prevent infection, which is propelling the market growth. The increasing use of UV disinfection equipment as a substitute for chemical disinfectants is providing further impetus to the market growth. Moreover, the surge of the COVID-19 pandemic is increasing the use of UV disinfection equipment to inactive SARS-CoV-2. The growing demand for UV disinfectant equipment to decontaminate smartphones, cash, and masks, among others, is significantly contributing to the growth of the market.
Industry Definition and Major Segments
UV disinfection equipment is a system that deactivates microorganic activities through the use of ultraviolet light. It is a sustainable and efficient solution to prevent the growth of microbes. It is typically to sterilise air and water during air and water treatment, due to which it finds its application in various end use industries.
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Based on component type, the market is segmented into:
The major applications segments of UV disinfection equipment are:
On the basis of end use, the market is divided into:
The major regional markets of UV disinfection equipment are:
Market Trends
The growth of the industry is being aided by the growing demand for UV disinfectant equipment in the industrial and commercial sectors. The rising demand for a controlled environment in various industries is also increasing the demand for UV disinfectant equipment, which is adding to the market growth. Moreover, the growing cost-effectiveness of UV disinfectant equipment is increasing its utilisation in water treatment, which is expected to drive the market growth. The growing demand for UV disinfectant equipment as a substitute for chlorine in water treatment owing to their favourable properties is projected to significantly contribute to the market growth in the forecast period.
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Key Market Players
The major players in the market are Xylem Inc., Trojan Technologies Group ULC, Kuraray Co., Ltd, Atlantic Ultraviolet Corporation, and Evoqua Water Technologies LLC, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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**We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
The article discusses the growth of the global UV disinfection equipment market, particularly driven by demand in the healthcare sector.
How is the COVID-19 pandemic affecting the UV disinfection market? The pandemic has increased the use of UV equipment to inactivate viruses like SARS-CoV-2.
What are the key applications of UV disinfection equipment? Key applications include water and wastewater treatment, and air treatment.
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