The global ultraviolet (UV) disinfection equipment market size was US$ 1,875.5 million in 2021. The global ultraviolet (UV) disinfection equipment market is forecast to grow to US$ 7,893.7 million by 2030 by growing at a compound annual growth rate (CAGR) of 18.1% during the forecast period from 2022 to 2030.
Factors Influencing the Market
Ultraviolet disinfection is used to kill harmful microorganisms in a dedicated environment. It is highly used in the purification of water and air. In addition, ultraviolet disinfectants are used to ensure the protection of food & beverages, sewage treatment, and other sterilizations. Thus, the wide applications of ultraviolet (UV) disinfection equipment will drive the overall market forward.
Rising awareness related to the health hazards of conventional chemical-based disinfectants is forecast to upsurge the demand for ultraviolet (UV) disinfection equipment.
UV disinfection equipment for a water tank takes only 10 seconds to complete the task. However, chlorine disinfectants take nearly 20 seconds for the complete treatment of a water tank. Thus, the time efficiency of the ultraviolet (UV) disinfection equipment will fuel the growth of the global ultraviolet (UV) disinfection equipment market. Apart from that, other benefits like fast action, easy installation, the low maintenance cost of UV disinfectants will escalate the growth of the global ultraviolet (UV) disinfection equipment market during the study period.
Rapidly growing healthcare and chemical industries will drive the ultraviolet (UV) disinfection equipment market forward. In addition, the eco-friendly properties of ultraviolet (UV) disinfection equipment will accelerate the growth of the market during the forecast period.
COVID-19 Impact Analysis
The COVID-19 pandemic outbreak has surged the necessity to treat air and surface. As a result, the global ultraviolet (UV) disinfection equipment came across various growth opportunities.
The terror of the pandemic forced healthcare bodies, offices, and commercial institutions, to take significant measures in order to ensure the safety of the place. In addition to that, growing awareness about the health benefits of ultraviolet (UV) disinfection equipment will contribute to the growth of the ultraviolet (UV) disinfection equipment market even after the COVID-19 pandemic.
Regional Analysis
The Asia-Pacific ultraviolet (UV) disinfection equipment market is forecast to emerge as the largest market. It is due to the contribution of emerging economies like India and China. Furthermore, the growing population and increasing healthcare expenditure will contribute to the growth of the ultraviolet (UV) disinfection equipment market. Additionally, high investments in water and wastewater treatment and rising demand for clean water will benefit the Asia-Pacific ultraviolet (UV) disinfection equipment market during the study period.
Competitors in the Market
Market Segmentation
The global ultraviolet (UV) disinfection equipment market segmentation focuses on Component, Application, Marketing Channel, End-User, and Region.
By Component Outlook
By Application Outlook
By Marketing Channel Outlook
By End-User Outlook
By Regional Outlook
