August 02, 2021
According to the research report titled ‘Global Ultraviolet Disinfection Equipment Market Size study, By End-Use (Residential, Commercial, and Industrial), By Component (UV Lamp, Controller Unit, Quartz Sleeve, Reactor Chamber, and Others ) and Regional Forecasts 2021-2027’, available with Market Study Report, global ultraviolet disinfection equipment market size was valued at USD 2.7 billion in 2020 and is expected to multiply at a CAGR of 19% over 2021-2027, subsequently reaching USD 9.4 billion by the end of the forecast period.
Rising pervasiveness of hospital-acquired infections and increasing investments for the expansion of wastewater facilities are the key factors driving global ultraviolet disinfection equipment market growth.
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For the unversed, UV disinfection equipment employs short-wavelength ultraviolet C (UV-C) light to kill or inactivate bacteria by destroying nucleic acids and disrupting DNA, rendering them unable to conduct basic cell capabilities. It is used in several end-uses including air, food, and water purification.
The outbreak of COVID-19 has spurred the product manufacturing further enhancing the overall market outlook. Also, the Defense Research and Development Organization (DRDO) dispatched UV Blaster, which can be used for cleaning cutting-edge surfaces and regions with a massive increase of service sectors, such as hotels, airports, workplaces, metros, shopping malls, and production lines. Similar developments by other organizations in the vertical are expected to add to the industry progression.
Coming to restraining factors, various national guidelines or standards related to cleaning and disinfection practices are likely to hinder the overall industry expansion over the study period. Moreover, low cost of traditional disinfectants as compared to UV light is acting as major challenges for businesses in this domain.
Considering regional terrain, Asia Pacific held 34% of global ultraviolet disinfection equipment market income in 2019, with India and China at the forefront. The economies are increasingly investing in new businesses or setting up organizations to boost products that can be used to fight the coronavirus. Additionally, rising cognizance about surface disinfectant and varying EN standards are anticipated to contribute to the regional market development.
Major contenders in global ultraviolet disinfection equipment marketplace are Lumalier Corporation, Kuraray Co. Ltd., ITT Wedeco, Dr. Hoenle AG, Halma plc, Evoqua Water Technologies LLC, Atlantium Technologies Ltd., Atlantic Ultraviolet Corporation, American Ultraviolet, and Advanced UV Inc.