Dec 21, 2017   SOURCE: BusinessWire

$4.27 Billion UV Disinfection Market 2017 by Component, Application, End User, and Geography - Global Forecast to 2023 - Research and Markets

The "UV Disinfection Market by Component, Application, End User, and Geography - Global Forecast to 2023" report has been added to Research and Markets' offering.

The growing demand for clean and safe drinking water and stringent government regulations regarding the same are driving the adoption of UV disinfection equipment in various industries

The UV disinfection equipment market was valued at USD 1.98 billion in 2017 and is expected to reach USD 4.27 billion by 2023, at a CAGR of 13.67% between 2017 and 2023. UV disinfection technology is among the popular technologies that is increasingly being used for the purpose of disinfecting air, water, and surface.

The UV disinfection equipment offers several benefits such as chemical-free process, no formation of by-product, effective in inactivating a broad range of microorganisms, easy to handle; it is increasingly being used in residential, commercial, industrial, and municipal segments. The major restraining factor for the UV disinfection equipment market is the availability of chlorination technique, which is low-cost substitute of UV technology for disinfection.

The water and wastewater application of UV disinfection equipment is estimated to hold the largest share, growing at the highest CAGR between 2017 and 2023. The UV disinfection equipment market is expected to grow at the highest CAGR due to the increasing demand for safe drinking water among the end users. The growing stringent government regulations toward safe and environmentally friendly treatment of water and wastewater attributed to the highest growth of the UV disinfection equipment market for the water and wastewater application across the world.

APAC is one of the prospective markets for UV disinfection equipment. The UV disinfection equipment market in APAC is expected to grow at the highest CAGR between 2017 and 2023. The growth can be attributed to the initiatives taken by the governments in the APAC countries for using advanced technologies to disinfect water, wastewater, process water, air, and surface.

Market Dynamics

Drivers

  • Cost-Effective as Compared With Ozone Disinfection Process
  • Environmentally Friendly Composition of UV-Based Disinfection System
  • Increasing Preference of End Users Toward Technologically Advanced UV Equipment
  • Stringent Government Regulations Pertaining to UV Disinfection Equipment

Restraints

  • Availability of Chlorination Technique, Which is Cheaper Than UV Disinfection Method

Opportunity

  • Growth Opportunities in the Healthcare Industry for Air Treatment Application
  • Increasing Demand for Ultrapure Water in End-User Industries
  • Increasing Adoption of UV Disinfection Equipment By Municipal Organizations Worldwide

Challenges

  • Misconceptions Regarding UV Disinfection System

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 UV Disinfection Equipment Market, By Component

7 UV Disinfection Equipment Market, By Application

8 UV Disinfection Equipment Market, By End User

9 Geographic Analysis

10 Competitive Landscape

11 Company Profiles

  • Advanced UV
  • Alfaa UV
  • American Ultraviolet
  • Aqualine Ii Water Systems
  • Aquanetto
  • Aquatic Solutions
  • Atlantic Ultraviolet
  • Atlantium Technologies
  • Australian Ultra Violet Services
  • Calgon
  • Ceasa
  • Evoqua Water Technologies
  • Halma
  • Hitech Ultraviolet
  • Integrated Aqua Systems
  • Lit Company
  • Lumalier
  • Nectar Solutions
  • Ozonia
  • Sita
  • Trojan Technologies
  • Typhon Treatment Systems
  • Ultraaqua
  • UV Pure
  • UV-Technik
  • Xylem

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