UV Disinfection Equipment Market Overview
The global UV Disinfection Equipment Market is projected to be valued at USD 9,738.44 Million by 2027, growing at a significant rate of 12.5% CAGR during the forecast period from 2021 to 2027. The UV disinfection equipment providers will experience a spike in demand due to the current COVID-19 pandemic. The impact of the COVID 19 pandemic is also expected to cause an increase in research and development on UV disinfection equipment to control the spread of the disease. Manufacturers of these systems will experience a rise in orders due to rising emphasis of surface treatment from industrial and commercial sectors.
Particularly, the demand from the healthcare sector is expected to rise significantly due t the growing number of hospitalizations and due to the nature of the Corona virus. Companies overseeing new product launches will also act steadily owing to the opportunities in the market. The impact of both trends will prove operationally beneficial to suppliers. Moreover, the market is also likely to experience steady growth over the long run. However, there are delays in receiving raw materials from suppliers, primarily located in China and other Southeast Asian countries. These issues are taking a toll on manufacturers situated around the globe.
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Market Segmentation
The UV Disinfection Equipment Market Size divides into different industrial segments depending on different criteria. The primary criteria of classification are components, deployment, application, and end-user. The market is further divided into UV lamps, reactor chambers, quartz sleeves, etc. Based on deployment, the market divides into wall-mounted and portable devices. Based on end-users, segmentation goes into the residential, commercial, and industrial sectors. Moreover, based on application, the market disperses into wastewater disinfection, process water disinfection, air disinfection, etc.
Regional Analysis
The UV Disinfection Equipment Market disperses over different regions of the world. The major regional markets of the sector are North America, Europe, Asia-Pacific, and the rest of the world. The most significant regional share of the UV disinfection equipment market belongs to the Asia Pacific region. This may be because of public awareness or the population of the region. However, the fastest growing regional market for the forecast period is the North American region.
Industry news
The key players of the UV disinfection device market have undertaken research and development initiatives and collaborations to support collective growth. In 2020, Xylem developed a Sanitaire aeration system to support wastewater treatment and clean water initiatives.
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