by The UV Disinfection Equipment Market is estimated to be valued at US$ 4.19 Bn in 2023 and is expected to exhibit a CAGR of 16.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
UV disinfection equipment uses ultraviolet (UV) light to kill or inactivate microorganisms like bacteria and viruses by damaging their DNA. It is a highly effective physical disinfection method and is widely used for municipal drinking water and wastewater treatment along with industrial process water treatment. UV disinfection equipment offers advantages like chemical-free disinfection, low maintenance, and easy operation. The growing concerns regarding waterborne diseases and stringent regulations regarding water disinfection are driving the need for effective disinfection equipment like UV disinfection equipment.
Market key trends:
One of the key trends in the UV disinfection equipment market is its expanding application in wastewater treatment. Municipalities and industries are increasingly adopting UV disinfection technology for wastewater disinfection. The growing volume of industrial wastewater from sectors like food & beverage, pharmaceuticals is driving the demand for efficient wastewater treatment solutions. UV disinfection is a viable option for wastewater treatment as it is effective against many waterborne pathogens and microorganisms without addition of chemicals. The technology also helps in recycling and reuse of wastewater which is important given the rising freshwater scarcity.
Porter’s Analysis
Threat of new entrants: The UV disinfection equipment market requires high initial capital investments and established distribution channels, limiting threat of new entrants. However, reducing prices of equipment is reducing entry barriers.
Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitutes and standard product offerings. However, compliance with regulatory standards increases switching costs.
Bargaining power of suppliers: A few large suppliers exist for key components like UV lamps, imparting them a degree of bargaining power over manufacturers. However, equipment manufacturers can leverage alternate suppliers to negotiate prices.
Threat of new substitutes: Alternate disinfection methods like chlorination, ozonation and chemical treatment pose substitutes threat. However, UV gains preference for its safety and minimal environmental footprint.
Competitive rivalry: Intense competition exists among established players to gain market share through product innovation, mergers and partnerships.
SWOT Analysis
Strength: UV disinfection offers a chemical-free solution eliminating use of hazardous disinfecting agents. It is highly effective in inactivating pathogens and viruses including SARS-CoV-2.
Weakness: High initial capital costs. Requirement of periodic lamp replacement and maintenance adds to operational expenses.
Opportunity: Increasing clean water demand from industries, rising concerns over waterborne diseases and stringent regulations are driving market growth. Adoption is rising in wastewater treatment and food & beverage industries.
Threats: Economic slowdowns can impact capital budgets of end-use industries negatively. Dependency on key components like UV lamps exposes the market to supply chain disruptions.
Key Takeaways
Global UV Disinfection Equipment Market Size is expected to witness high growth, exhibiting CAGR of 16% over the forecast period, due to increasing compliance to stringent water safety regulations across industries. The North American region currently dominates the market due to presence of many industry players and awareness regarding water disinfection. The Asia Pacific region is expected to grow at the fastest pace due to rising health concerns, industrialization and urbanization.
Regional analysis: Asia Pacific region is expected to grow at the fastest pace during the forecast period owing to rapidly growing population, rising health consciousness, increasing industrial activities and strict regulations regarding water treatment in countries like China and India. China represents the largest market in the region followed by India.
Key players operating in the UV Disinfection Equipment Market are Severn Trent Plc, Calgon Carbon Corporation, Xylem Inc., Trojan Technologies, General Lighting, Aquionics, Atlantium Technologies Ltd., Atlantic Ultraviolet Corporation, FirstLight Technologies Ltd., Green Water Technologies, Evoqua Water Technologies LLC, Advanced UV, Inc., Hydro, Photon, makers of SteriPEN, and Enaqua. The major players are focusing on new product launches, partnerships and geographical expansions to gain significant market.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc.
