Global UV Disinfection Market size is set to project strong growth with 16.6% CAGR over the forecast period
UV Disinfection Market is set to grow at a CAGR of 16.6% during the forecast period 2019-2025 with a market value of $2.1 billion in 2018. Increasing customer preference towards sophisticated disinfectants to cater unmet needs of pure water and hygienic environment is a key factor impacting positive UV Disinfection Market growth.
Growing manufacturing activities across the globe contribute to greenhouse gases emissions and puts pressure on land and freshwater resources. Accordingly, many countries are emphasizing on reducing environmental impact in terms of soil and groundwater, and hence mark huge market opportunity over the forecast period.
Low lamps usage, energy efficiency and ease of maintenance along with price effective products are penetrating UV Disinfection market growth. In addition, conventional Mercury-based UV lamps continue to dominate the market despite strong growth in LED based UV lamps.
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Further, large portion of revenue is being dedicated to R&D for developing innovative equipment that can operate in different climates, with variable range of UV power and microwave UV based components.
UV disinfectant equipment including cell phone sterilizer, air duct disinfection, UV Nail Polish and towel dryers, disinfection of food, packaging and machinery continues to emerge worldwide across the market.
However, lack of awareness regarding the benefits of UV based disinfection systems. Misconceptions on capital expenditure, lack of clarity on cost recovery over life cycle and presence of alternatives are amidst key challenges of the market. In addition, OPEX of UV system is significantly lower compared to chlorine disinfection, particularly across large scale applications.
Waste water handling and emerging applications set to entice the market value
Stringent government regulations on waste water handling in particular from industrial sectors to drive the market growth. The cost benefits over equipment life time coupled with ease of maintenance and chemical free technology are the key factors encouraging industrial sectors to adopt UV systems.
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The wide adoption of ultraviolet based disinfection technology in treatment of drinking water and waste water drives the market growth with advantages of low operational costs, savings over life cycle and environmental-friendly technology.
Further, increasing use of UVC lamps in air conditioning and ventilation systems in both public and private spaces is being observed mainly in developed regions. Air sanitizers, indirect air disinfectants, sanitary conditioners, air ozone generators and several other variants are being marketed worldwide.
In addition to pharmaceutical, food and beverage products, medical areas where human cleaning is imperfect, the equipment is installed to reduce prevalence of diseases.
Emergence of key end-users showcases strong UV disinfection market growth in the coming years
Residential sector is the largest consumer of UV disinfection equipment primarily due to small scale equipment use for drinking water treatment. In addition, air purification systems are an important growth segments across residential sector as increasing number of households are deploying UV systems for air treatment.
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Further, strong emphasis on processing the industrial water along with focus to reduce environmental impact in terms of soil and groundwater drives the demand for UV disinfection equipment in industrial sector. Additionally, commercial users are increasingly adopting UV disinfection systems to enhance indoor air and surface cleanliness.
Increased need for drinking water in Asia Pacific and Rest of World is observed to mark potential market opportunity in the long term
Global population will increase from around 7.4 Million to 8.5 Million between 2017 and 2030, estimated UN. Majority of the population growth will come from Asia Pacific and Rest of World countries. Therefore, as a large portion of people in these regions rely on chlorine or do not possess adequate disinfection technologies, they present strong UV disinfection market growth and scope.
In addition, growing manufacturing activities along with increasing GDP across China, India, Indonesia, South Africa, Brazil and other parts of Latin America are encouraging UV disinfection equipment suppliers to focus more in developing economies.
Whereas, Americas is the largest consuming regions of UV disinfection market driven by continuous shift towards urban living along with aging wastewater systems. Further, rising purified water prices which led to adoption of personal UV water treatment equipment in UK, Germany, France and other European countries favours long term market growth across these markets.
Launch of novel products and acquisitions across key market players strengthens market value
The key players operating in the market are investing to offer new UV Disinfection products for water treatment. For instance, in September 2019, Xylem launched highly efficient UV disinfection system for use in saltwater and other harsh water systems. In addition, Acuva in 2018 launched its new product which maximizes UV LED power to optimize disinfection performance of water while reducing energy consumption and extending LED life.
Further, strategic acquisitions are observed across market OEMs to expand their product portfolio. For instance, in 2018, Xylem acquired EmNet LLC to extend portfolio of company’s solutions and operational capabilities to support the customers in managing storm water systems and wastewater network.
Key players operating in UV Disinfection Market include Xylem Inc., Trojan Technologies, Aquionics Inc., Calgon Carbon Corporation, EVOQUA Water Technologies Corp., Atlantic Ultraviolet, Advanced UV, American Ultraviolet, Atlantium Technologies, and Severn Trent Services.
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