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As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

Global UV Disinfection Equipment Market to Grow at a CAGR of 19.23% During 2021-2026, Aided by the Growing Hygiene Concerns

According to a new report by EMR titled, ‘Global UV Disinfection Equipment Market Report and Forecast 2021-2026’, the global market for UV disinfection equipment attained a value of about USD 2.74 billion in 2020. The market is further expected to grow in the forecast period of 2021-2026 at a CAGR of 19.23% to reach nearly USD 7.87 billion by 2026.

The Asia Pacific region holds a significant share of the UV disinfection equipment industry owing to rising hygiene concerns in the region. The approaching water crisis in countries such as India is leading to a surge in demand for efficient wastewater management, hence increasing the deployment of UV disinfection equipment. Moreover, the rising prevalence of water-based diseases in developing regions such as India is surging the adoption of UV disinfectant equipment, which is augmenting the growth of the market. The surge of the COVID-19 pandemic further increased research and development (R&D) activities in the region, hence leading to the development of innovative UV disinfection equipment. In addition, the initiation of various water projects in countries such as India and China to escalate the utilisation of natural water bodies is expected to augment the growth of the market in upcoming years.

Evoqua Water Technologies LLC (NYSE: AQUA), one of the leading companies in the market, acquired ATG UV Technology Limited in May 2019. The acquisition strengthened the company’s offering of water treatment. As ATG UV Technology Limited offers marine, municipal, oil and gas, and food and beverage industries, the acquisition would expand the company’s presence in such industries. The acquisition would further surge the company’s global footprint by deploying its ETS-UV products. Such mergers and acquisitions are increasing the development of UV disinfection equipment, which is providing impetus to the market growth.

Market Analysis by Component Type, Application, End Use, and Region:

  • The market, on the basis of component type, can be divided into UV lamps, ballasts/controller units, reactor chambers, and quartz sleeves, among others.
  • Based on application, the industry can be divided into water and wastewater treatment, and air treatment, among others.
  • The end uses of UV disinfection equipment include municipal, residential, commercial, and industrial.
  • The regional markets for UV disinfection equipment include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The rising use of UV disinfection equipment in the healthcare industry to prevent microbial transmission is aiding the market growth.
  • The market has been driven by the growing demand for UV disinfection equipment to decontaminate various products during the COVID-19 crisis.
  • The rising demand for UV disinfection equipment in the industrial and commercial sectors to enhance the quality of air and water is fuelling the growth of the market.
  • The extensive use of UV disinfection equipment in water treatment owing to their cost-effectivity and durability is invigorating the growth of the UV disinfection equipment industry.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for UV disinfection equipment for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the component types, applications, end uses, and major regions of UV disinfection equipment.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global UV disinfection equipment market are Xylem Inc., Trojan Technologies Group ULC, Kuraray Co., Ltd, Atlantic Ultraviolet Corporation, and Evoqua Water Technologies LLC, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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