- The ultraviolet (UV) disinfection equipment market stood over USD 1, 262 million in 2014. It is estimated to observe significant expansion during the forecast period (2015 to 2022). This will arise from the usage of UV disinfection equipment in waste water & water treatment. Moreover, strict water treatment directives in industrialized regions would boost market revenues during the said period.
Fiscal spending from companies on novel technologies should open market prospects in the seven years ahead. Inadequate usable water sources have developed the demand for waste water processing. This is also projected to propel the market. Clean drinking water faces huge demand from China & India so that diarrhea, typhoid, & other water-borne illnesses can be prevented.
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This too drives the ultraviolet (UV) disinfection equipment market. Expanding industrial sectors in these nations lead to water contamination. These factors could introduce novel opportunities for water disinfection & distillation. UV disinfection costs are substantially more, decreasing the usage of these products.
However, business & large scale plants are spending heavily on UV disinfection. This could positively affect the market. The market is sliced into applications and regions. With respect to applications, the demand for process water treatment was more than USD 44 million in 2014. This segment is the most vital facet of the food & beverages industry.
Demand for surface disinfection, another application of the ultraviolet (UV) disinfection equipment market, surpassed USD 73.4 million in 2014. The market is split into four geographical regions. These comprise Asia Pacific, Europe, North America, and rest of the world. Asia Pacific generated around USD 201 million in 2014.
Its accelerating urbanization & population have helped its nations become the biggest water consumers. This should drive Asia Pacific in the forthcoming years. Also, increasing regional disposable earnings and health-aware population should be its propellers. Demand for the ultraviolet (UV) disinfection equipment market from the ‘rest of the world’ amounted over USD 95 million in 2014.
This would grow significantly because of its end-users. Cultivation demand and rising populace globally are also anticipated to drive this region. Some manufacturers like Atlantic Ultraviolet Corp. and Greenway Technologies use forward integrated policies to earn better profit margins and build their portfolio.
Information Source: Grand View Research
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