The global UV Disinfection Equipment Market is expected to
reach USD 6.42 billion by 2022, according to a new report by Grand View
Research, Inc. Growing consumer awareness regarding the technology coupled with
high investments by governments across the globe to employ advanced water
treatment technologies to ensure safe drinking water supply is expected to
drive demand.
The key growth opportunities for the UV disinfection
market reside in surface disinfection and wastewater treatment application. The
technology is expected to gain high demand from healthcare and food &
beverage sector as helps to achieve desired levels of disinfection required by
these industries.
The players including Greenway Technologies,
Spectral Innovations Ltd, and Atlantic Ultraviolet Corp. have adopted
integration strategies in order to cut down raw material cost and increase
profit margins. The industry players are focusing to improve their sales
support and after-sales services in order to gain consumer attention, thereby
increasing their market shares.
The key industry players are focusing on the product
development in terms of better design, cost efficiency, and easy installation
in order to compete with the competitors. The industry is expected to get
benefited by growing government stringent regulations imposed on the waste
water recycling from the commercial, industrial and residential segments.
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Details of Report @
https://www.grandviewresearch.com/industry-analysis/ultraviolet-uv-disinfection-equipment-market
https://www.grandviewresearch.com/industry-analysis/ultraviolet-uv-disinfection-equipment-market
Further key findings from the report suggest:
- Water treatment was the largest application segment for UV
disinfection equipment and valued at USD 924.7 million in 2016, owing to
high investments by local government authorities for safe water supply in
developed and emerging economies across the globe
- Residential water treatment is expected to grow at a CAGR of 18.5%
over the forecast period owing to rising consumer focus to replace
traditional water purification systems with effective and
environment-friendly techniques
- Commercial water treatment stood for USD 84.9 million in 2016 and is
expected to grow at 21.6%, owing to initiatives taken by the manufacturers
to comply with regulations given by the government and environmental
protection bodies for proper water disposal
- In Europe, the demand for the technology in municipal water
treatment stood for USD 269.0 million owing to early adoption of the
technology coupled with high investments by the European governments in
wastewater recycling sector
- The industry is dominated by Xylem Inc., Calgon Carbon Corp., GE
Lighting, and Severn Trent Plc., which account for over 45% of the market
revenue as of 2016
- In October 2015, Evoqua Water Technologies added three products
namely ED-R module, VNX-Si module and NX- CDIT module, which offer 90%
water recovery from reverse osmosis reject streams and are designed for
pharmaceutical, industrial, reject water recovery and high purity
applications
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
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Grand View Research, Inc
Phone: 1-415- 349-0058
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Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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