UV Disinfection Equipment Is Estimated To Witness High Growth Owing To Increasing Concerns Regarding
Author : Leena Shedmake | Published On : 02 Feb 2024
UV disinfection equipment uses ultraviolet light to kill or inactivate microorganisms in water or air. It provides a chemical-free method to disinfect water at low cost with no added residue. The equipment is commonly used for disinfecting drinking water and wastewater. It helps eliminate microbiological pollutants such as bacteria, viruses, and protozoa. The growing concerns regarding water scarcity and water quality have fueled the demand for effective water treatment technologies. The increasing focus on development of sustainable and eco-friendly water treatment methods is driving the adoption of UV disinfection equipment globally.
The global UV Disinfection Equipment Market is estimated to be valued at US$ 4.83 Bn in 2024 and is expected to exhibit a CAGR of 4.5% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market Opportunity:
Rising water pollution is creating significant market opportunities for UV disinfection equipment. Rapid industrialization and urbanization have led to rising levels of toxic pollutants in water bodies. Expanding global population and rising demand for water also continues to put pressure on available water resources. This has increased the risk of waterborne diseases and mortality. Various governments and environmental agencies worldwide are implementing stringent regulations regarding water treatment and effluent standards. The growing need for reliable and cost-effective water treatment solutions to curb water pollution is expected to drive the demand for UV disinfection equipment over the forecast period. As urbanization continues apace globally, the market for UV disinfection equipment will experience high growth.
Porter's Analysis
Threat of new entrants: Low capital requirements and low brand loyalty make threat of new entrants moderate in this market. However, established players have scale advantages and strong brand recognition.
Bargaining power of buyers: Buyers have high bargaining power given the availability of substitutes and undifferentiated nature of products. Buying groups can bargain for better prices and discounts.
Bargaining power of suppliers: A few large suppliers exist for key components like UV lamps and filters. Suppliers thus have moderate bargaining power.
Threat of new substitutes: Technologies like ozone-generation and electrolysis pose a threat. However, UV disinfection does not use chemicals making it an environmental-friendly alternative.
Competitive rivalry: Intense rivalry exists among key global and regional players. Players compete on pricing, product performance, service quality and innovation to gain market share.
SWOT Analysis
Strengths: UV disinfection is chemical-free and does not form disinfection by-products. It is an energy-efficient and green technology to treat drinking water and wastewater.
Weaknesses: UV disinfection needs transparent water for effective operation. Turbidity and suspended solids reduce disinfection effectiveness. It also requires proper lamp replacement and maintenance.
Opportunities: Growing water scarcity and stringent regulations regarding wastewater reuse present opportunities. Also, demand from municipal corporations and industries offer scope.
Threats: Economic slowdowns can decrease infrastructure spending on water treatment projects. Potential substitutes like ozonation and advanced oxidation pose competitive threats.
Key Takeaways
The Global UV Disinfection Equipment Market Growth is expected to witness high during the forecast period of 2024 to 2031 propelled by rising concerns over water safety and growing water demand worldwide. The global UV Disinfection Equipment Market is estimated to be valued at US$ 4.83 Bn in 2024 and is expected to exhibit a CAGR of 4.5% over the forecast period 2024 to 2031.
Regional analysis for the Asia Pacific region comprises increasing investments towards water infrastructure developments. Population growth along with rapid urbanization has heightened concerns over water safety in the region. This is boosting installation of UV disinfection equipment across treatment plants to remove pathogens from water.
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. Key players are focusing on developing innovative UV lamps and system technology to improve disinfection efficiency and lower operating costs. They are also expanding into emerging countries through collaborations.
Explore more information on this topic, Please visit-
https://www.newsstatix.com/uv-disinfection-equipment-market-share-size-and-growth-share-trends-analysis-demand-forecast/
Explore more trending article on this topic:
https://masstamilan.tv/industrial-dryers-advancing-process-efficiency-in-manufacturing-industries/
