The global UV Disinfection Equipment market is rising at a significant pace, projected to rise at a CAGR of 15.30% during the estimated period from 2020 to 2027, starting from USD 28,50,230.0 thousand in 2020. Collective demand for large UV disinfection equipment due to COVID-19, and growing threats of infectious diseases and the over-increase of water-borne diseases, especially in evolving nations, has further catalysed the adoption of the product. Furthermore, growing chemical and healthcare industries are expected to provide strong growth opportunities to the UV disinfection market during the forecast period.
Based on component, controller units dominated the market followed by UV lamps. The controller unit segment is estimated to register a CAGR value of 15.54% for the forecast period.
Controllers units are mandatory to effectively control the electrical output of UV device and increasing adoption of UV systems in hospitals, significant cost savings by optimizing the UV disinfection process through sensing, control, and automation is likely to fuel the product demand.
Based on power rating, >10Kw segment dominated the market and is expected to grow at a CAGR of 15.51% during the forecast period owing to its wide usage in municipal and industrial wastewater treatment. Moreover, the coincidental concerns about global nature & regulatory guidelines regarding effluent amount released in water through different industries along with depleting natural water reserves have caused natural water sources unsafe for domestic use, thereby promoting the market growth.
Based on deployment model, the market is led by a fixed type which is likely to register a CAGR value of 14.75% from 2020 to 2027.
Based on sales channel, the offline channel held the largest share of UV Disinfection Equipment market and is valued at USD 16, 65,736.8 thousand in 2020. Logistical challenges, increased need to understand the specifications and features clearly and proper maintenance services and are the factors contributing to the growth of the segment.
Based on end-use municipal segment accounted for the largest share of 44.14%. However, based on the volume around 4,779.3 thousand units of UV disinfection equipment’s is expected to be used for municipal use by 2027. Increased adoption of UV systems in water and wastewater treatments is the major factor responsible for municipal sectors growth.
The global UV disinfection equipment market by application was dominated by water disinfection segment and was valued at USD 12,23,048.6 thousand in 2020.
North America led the market and is expected to reach USD 28,92,280.6 thousand by 2027. Well established healthcare and water treatment industry, major presence of domestic and international players of UV disinfection equipment’s, growing research and development activities are factors driving the regional growth. Whereas, Asia Pacific is expected to be the fastest-growing regional market growing at a CAGR of 16.22% from 2020 to 2027.
The key competitors of this market include Xylem Inc, Trojan Technologies, Halma Plc, Atlantic Ultraviolet Corporation, Evoqua Water Technologies LLC, Advanced UV Inc, American Ultraviolet, Atlantium Technologies, Dr Honle AG, Lumalier Corporation, UVO3 Ltd, LIT Company, Alfaa UV, UV Pure, ULTRA AQUA, Australian Ultra Violet Services Pty. Ltd., Hitech Ultraviolet Pvt. Ltd., Typhon Treatment Systems Ltd and other.
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