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Pharmacy benefit management market
UV Light Disinfection Market Report Overview
The global UV light disinfection market size is expected to be worth USD 1.454 billion in 2023 & the market is projected to touch USD 2.11 billion in 2032, exhibiting a CAGR of 4.2% during the forecast period.
The global COVID-19 pandemic has been unprecedented and staggering, with the UV light disinfection market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden surge in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.
Utilizing ultraviolet radiation energy to render bacteria, viruses, fungi, and spores inactive so they can't reproduce and spread disease is known as ultraviolet disinfection. Since 1909, UV-C radiation has been used to disinfect water, and it is a reliable and efficient method. Due to the increased use of reclaimed water for urinals, car washing, and landscape irrigation, UV light disinfection is becoming more and more popular today. Drinking water, wastewater, and process water treatment all use UV light disinfection. The market is anticipated to grow as a result of significant R&D expenditures made by the manufacturers to improve UV disinfection performance for high volume applications like municipal drinking water and industrial process water treatment. Technology development in developing nations like India and China has accelerated with the support of government policies for water and wastewater treatment. Furthermore, the rapid industrialization of these developing nations has caused air and water pollution, which has a negative impact on rainfall and the quality of freshwater resources. Positive effects are anticipated from the surge in demand for safe and clean drinking water brought on by population growth and the limited availability of freshwater resources.
COVID-19 Impact: Rising Demand for UV Based Equipments Due to COVID-19 to Boost Market Growth
The COVID-19 pandemic has had an effect on almost all sectors in society, impacting some beneficially and other fields slightly non-beneficial. Due to the rising demand for devices with UV technology in light of the COVID-19 outbreak, major manufacturers are focusing more on product innovations and technological advancements. As a result of the COVID-19 pandemic, manufacturers are unable to meet the rising demand and have reached their production limits, which has had an impact on the supply of this equipment and its components. Due to the increase in COVID cases, many hospitals have started using UV systems to clean high-risk indoor environments, which is expected to result in an increase in product demand in the upcoming years.
Latest Trends
"Application of UV Light in Food and Beverage Industry to Drive Market"
Food and beverage applications are giving participants in the UV disinfection equipment market solid business foundations in addition to air, water, and surface applications. To enable UV light food sterilisation, which prevents radiation of food products and avoids radioactive elements in beverage products, businesses are expanding their R&D efforts. Such research is assisting in ensuring that food irradiation, which sterilises food using UV lamps that emit UVC (Ultraviolet C) wavelengths, is a completely safe process.
UV Light Disinfection Market Segmentations
- By Type
The market is classified into ordinary cathode low pressure mercury UV disinfection, high-intensity ultraviolet disinfection, and ozone UV disinfection based on type. The ordinary cathode low pressure mercury UV disinfection segment will lead the UV light disinfection market share throughout the forecast period.
- By Enterprise Size
The market is classified into drinking water and wastewater, air and surface, and food processing on the basis of enterprise size. The drinking water and wastewater segment will lead the UV light disinfection market share throughout the forecast period.
Driving Factors
"Usage of UV Light Disinfection in Wastewater Treatment to Drive Market Growth"
UV light disinfection method are benefiting financially from the expanding use of this technology for the treatment of water and wastewater. The majority of UV disinfection equipment is utilised for water and wastewater treatment by municipal organisations. Municipal organisations handle the treatment of water for a variety of uses. Treatment of wastewater, the removal of metals, and the treatment of drinking water are a few of them.
"Increasing Demand for UV Light Disinfection Equipment in Hospitals to Drive the Market"
The hospital setting is a significant site of disease transmission. The presence of various bacteria and viruses in hospitals makes it possible for a large number of patients, employees, and visitors to contract hospital-acquired infections (HAI). 1 in 31 patients have HAI exposure, according to the Centers for Disease Control and Prevention (CDC). Through their infection control programmes, hospitals are constantly looking for new ways to stop the spread of pathogens, lower the frequency of HAI, and lower the number of deaths that are caused by it. To get rid of bacteria and viruses, a number of disinfection procedures are used, including alcohol-based hand sanitizers and chemical disinfectants. Thereby the usage of UV light disinfection method or its equipment is widely used in disinfection of viruses/bacteria’s in hospital environment, thereby UV light disinfection market growth.
Restraining Factors
"Availability of Chlorine as Alternative to Restrain the Market"
Historically, chlorine has been used to disinfect wastewater. Despite the fact that chlorine has received a lot of criticism for the health and environmental risks it poses, developing nations continue to use it because it is so inexpensive. Three tanks are necessary for a chlorine disinfection plant: a holding tank, a solution tank, and a chemical feed pump. Chlorination systems are significantly less expensive overall than UV disinfection systems. Chlorination systems are preferred for small-scale applications, such as residential water treatment, because they have a lower installation cost. Because this alternative is less expensive, more end users are becoming interested in it. As a result of the superior benefits of UV disinfection systems, the impact of this restraint is currently moderate and is anticipated to decline during the forecast period.
UV Light Disinfection Market Regional Insights
"North America to Hold the Highest Market Share Owing to High Prevalence of Chronic Diseases"
During the forecast period, North America is expected to hold the largest UV light disinfection market share due to growing worries about the effects of disinfection, chemical, and biological pollutants in sewage and supply water on the environment and human health. In the near future, the region is anticipated to maintain its dominant position. The development of cutting-edge UV light disinfection equipment that is less expensive, highly functional, environmentally friendly, simple to operate, and leaves no residue is also driving the UV light disinfection market in this region. The prevalence of chronic diseases, an ageing population, and pandemic illnesses are also driving market growth for UV light disinfection in North America.
After North America, Asia Pacific holds the majority of the UV light disinfection market. As emerging economies like India and China struggle with their water supplies, the Asia Pacific UV disinfection equipment market is predicted to grow at an astounding rate. Demand for UV disinfection equipment is anticipated to increase throughout Asia Pacific as a result of growing population, rising pollution, and growing demand for safer water supply in the face of water scarcity.
Key Industry Players
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
LIST OF TOP UV LIGHT DISINFECTION COMPANIES
- Trojan Technologies (London)
- Xylem (U.S.)
- SUEZ (France)
- Halma (U.K.)
- Chiyoda Kohan (Japan)
- Heraeus (Germany)
- Calgon Carbon (U.S.)
- Evoqua Water (U.S.)
- Oceanpower (China)
- Lit (U.S.)
- Xenex (U.S.)
- Atlantic Ultraviolet (U.S.)
- Onyx (U.S.)
Report Coverage
This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 1.454 Billion in 2023 |
Market Size Value By |
US$ 2.11 Billion by 2032 |
Growth Rate |
CAGR of 4.2% from 2023 to 2032 |
Forecast Period |
2024-2032 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered | |
By Type
|
|
By Application
|
Frequently Asked Questions
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What value is the UV light disinfection market expected to touch by 2032?
The global UV light disinfection market is expected to reach a value of USD 2.11 billion in 2032.
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What CAGR is the UV light disinfection market expected to exhibit by 2032?
The UV light disinfection market is expected to exhibit a CAGR of 4.2% by 2032.
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Which are the driving factors of the UV light disinfection market?
Usage of UV light disinfection in wastewater treatment, and increasing demand for UV light disinfection equipment in hospitals are some of the major driving factors of the UV light disinfection market.
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Which are the top companies in the UV light disinfection market?
The top companies in the UV light disinfection market include Trojan Technologies, Xylem, SUEZ, Halma and Chiyoda Kohan, etc.