Increasing Demand in Water and Wastewater Treatment Equipment Manufacturing to Provide Growth Opportunities for UV Disinfection Equipment Market During 2023–2030
According to our latest market study on "UV Disinfection Equipment Market Forecast to 2030 – COVID-19 Impact and Global Analysis – by Component, Power Rating, Application, and End-user," the market is expected to grow from US$ 5.08 billion in 2022 to US$ 14.18 billion by 2030; it is estimated to register a CAGR of 13.7% from 2023 to 2030.
Public water and wastewater treatment operations are crucial to prevent several health hazards caused by water usage. Diarrhea is one of the most common diseases affecting children, which may harm their cognitive and overall development. According to the Centers for Disease Control and Prevention (CDC), unsafe water, inadequate sanitation, and insufficient hygiene cause ~88% of diarrhea-associated deaths. As per Our World in Data, nearly 1.5 million people died from diarrheal diseases in 2019. Thus, the demand for UV disinfection equipment is expected to increase in the near future with increasing concerns about the risk of water-borne diseases.
UV Disinfection Equipment Market – by Region, 2022
UV Disinfection Equipment Market Forecast to 2030 - Global Analysis by Component (UV Lamps, Reactor Chambers, Quartz Sleeves, Control Units, and Others), Power Rating (Low, High, and Medium), Application (Water Disinfection, Air Disinfection, and Surface Disinfection), End User (Residential, Commercial, Industrial, and Municipal)
UV Disinfection Equipment Market Size Report & Overview 2023–2030
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Source: The Insight Partners Analysis
The global population has increased by approximately 2.5 billion people in the last 30 years. According to the United Nations Conference on Trade and Development (UNCTAD), developing nations were home to ~84% of the world population in 2021, compared to 77% in 1990. 56.2% of the global population resided in urban areas in 2020, compared to 51.6% in 2010. Thus, rising urbanization and a growing population are crucial factors that are expected to trigger the adoption of UV disinfection equipment in the coming years, as these systems are perceived as a more effective and safer alternative to conventional water purification techniques. Therefore, the use of UV disinfection systems to treat water and wastewater for residential, commercial, industrial, and municipal applications is gaining traction due to their environmentally friendly operations, which creates opportunities for the UV disinfection equipment market growth.
In 2022, North America dominated with the largest UV disinfection equipment market share. The growing awareness regarding the harmful environmental impact of chemicals and biological contaminants in wastewater and water supplied for drinking is driving the demand for UV disinfection equipment in North America. Xylem Inc, Trojan Technologies Group ULC, Atlantic Ultraviolet Corp, Advanced UV Inc, American Ultraviolet Inc, Atlantium Technologies Ltd, and Evergreen UV LLC are among the key companies in North America that address growing demands for UV disinfection equipment from the industrial sector. These market players are introducing more effective, environment-friendly, easily operated UV disinfectant solutions.
Xylem Inc, Trojan Technologies Group ULC, Halma Plc, Kuraray Co Ltd, Atlantic Ultraviolet Corp, Advanced UV Inc, American Ultraviolet Inc, Atlantium Technologies Ltd, Dr. Honle AG, and Evergreen UV LLC are among the key UV disinfection equipment market players profiled during this market study. Several other major UV disinfection equipment market players were also studied and analyzed to get a holistic view of the market and its ecosystem. The UV disinfection equipment market report provides detailed market insights, which helps key market players strategize their growth.
Urbanization and industrial activities have led to environmental degradation due to untreated or inadequately treated industrial wastewater. As a result, the demand for UV disinfection equipment for industrial wastewater treatment is growing. Major factors such as the increasing use of UV disinfection equipment in healthcare facilities to disinfect premises, a surge in the demand for the equipment to combat the spread of SARS-CoV-2 that causes COVID-19, rising number of measures taken for effective water treatment to obtain safe drinking water in developing and developed countries, and burgeoning awareness regarding low power consumption and long life benefits of UVC LED-based UV disinfection equipment are fueling the growth of the UV disinfection equipment market growth.
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