UV Disinfection Equipment Market worth USD 7.0 Billion by 2026


Posted October 13, 2018 by rdagade

UV Disinfection Equipment Market is expected to grow from USD 1.95 Billion in 2017 to USD 7.0 Billion by 2026, at a CAGR of 14.6% between 2017 and 2026. (Detailed analysis of the market CAGR is provided in the report)

 
UV Disinfection Equipment Market – Industry Analysis and Forecast (2017-2026)_by Component (Reactor Chamber, UV Lamp, and Others), by Application (Air Disinfection, Surface Disinfection, and others), by End User (Industrial, Residential, and others), and by Geography (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America)

UV Disinfection Equipment Market is expected to grow from USD 1.95 Billion in 2017 to USD 7.0 Billion by 2026, at a CAGR of 14.6% between 2017 and 2026.

Key factors expected to drive the growth of market include stringent government regulations pertaining to UV Disinfection Equipment Market, environmentally friendly composition of UV systems, rising need for safe drinking water, and increase in awareness toward technologically advanced disinfection solution.

However, lack of awareness among end users regarding the benefits of UV Disinfection Equipment Market technology over other disinfection technologies is restraining UV Disinfection Equipment Market growth.

Municipal segment to grow at highest CAGR

By End User, UV Disinfection Equipment Market is segmented into Industrial, Residential, Commercial, and Municipal. From this segment, Municipal segment is anticipated to grow at highest CAGR during the forecast period owing to increasing demand to treat wastewater and water available in natural resources.

Water and waste water application held share of over 56 % of UV disinfection market in 2016

Based on application, UV Disinfection Equipment Market is segmented into Air Disinfection, Surface Disinfection, Process Water Disinfection, Water and Wastewater Disinfection. In 2016, Water and waste water application accounted for the share of over 56 % of UV Disinfection Equipment Market. This can be attributed to increasing need for safe drinking water and wastewater treatment in the industrial segment

North America held largest share of UV disinfection market in 2016

Geographically UV Disinfection Equipment Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Among all geographies, North America Accounted for the largest share of market in 2016. , North America is the hub for market due to hygiene and safety concerns, mainly in food, and healthcare industries it is driving the UV disinfection market.

APAC and Europe to grow at higher CAGR by 2026

Among all geographical regions, APAC and Europe is expected to grow at higher CAGR by 2026 owing to flourishing healthcare industry.
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Last Updated October 13, 2018