Published: Sep, 2016
As a result of the consolidated nature of the global ultraviolet (UV) disinfection equipment market due to the presence of fewer players, the degree of competition is likely to stay high over the next couple of years, states Transparency Market Research (TMR) in a new report. The smaller players in the global UV disinfection equipment market have registered a notable presence, but within domestic markets.
The regional players also have a weak brand image as compared to that of the multinational companies. As a result of this, they are unable to compete with the multinational players. Moreover, due to heavy investments by leading companies in the market, the exit barriers are significantly high. The key companies engaged in the production and distribution of UV disinfection equipment are Severn Trent Services, Calgon Carbon Corporation, Xylem Inc., Trojan Technologies, Aquionics, Atlantium Technologies Ltd., and Atlantic Ultraviolet Corporation among others.
The global UV disinfection equipment market is projected to witness strong growth with a CAGR of 14.1% between 2013 and 2019. In 2015, the global UV disinfection equipment market was worth US$1,431.9 mn and is anticipated to rise to a value of US$2,467.3 mn by the end of 2019. Based on product, the water segment dominated the global UV disinfection equipment market in 2012 and is likely to retain a lead until 2019 with a share of 60.0% and 52.1% in the respective years. The growth of the water segment can be attributed to the rising expenditure on the deployment of UVdisinfection equipment in water and waste water treatment plants.
Drinking Water Quality Regulations to Boost Deployment of UV Disinfection Equipment in North America
North America emerged dominant in 2012 with a share of 36.5% in the global UV disinfection equipment market and is expected to retain its position until 2019 with a share of 37.6%. The United States emerged as the leading consumer of UV disinfection equipment in North America owing to the rising concerns regarding the consumption safe drinking water. The demand for disinfected water for use in industries and healthcare centers is another factor that is likely to boost the sales of UV disinfection equipment in North America. The demand for UV disinfection equipment from the food and beverages industry regarding the purification of water used in the manufacturing processes is further expected to drive the growth of the UV disinfection equipment market in North America over the coming years.
Cost Effectiveness of UV Disinfection Equipment to Drive Growth of Global Market
According to a TMR analyst, “The initial cost incurred by industries to deploy UV disinfection equipment is comparatively lower than the deployment of other options such as ozone disinfection equipment.” UV disinfection equipment can be availed easily as its price is also low. Moreover, the inexpensive operating cost of UV disinfection equipment makes it a potential disinfection solution for various industries. The time taken by UV disinfection equipment to complete the purification process is also less in comparison to the chlorine and ozone disinfection equipment. Furthermore, regulations imposed by governments have compelled municipalities, water treatments authorities, and industries to adopt advanced disinfection techniques. As a result of all these factors, the demand for UV disinfection equipment is anticipated to extensively increase in the upcoming years.
Declining Growth of Food and Beverages Segment to Negatively Impact Progress of Global UV Disinfection Equipment Market
UV disinfection equipment is widely used in the purification and sterilization of fruit juices, meat, dairy products, cooking oils, wine, spirits, and other sugar sweetened beverages. The downturn in the food and beverages segment is expected to highly impact the adoption of UV disinfection equipment thus affecting its overall demand.
However, manufacturers can expect to gain growth prospects from the growing chemical and healthcare industries. The demand for surface and air UV disinfection equipment from these industries are likely to compensate the loss occurring from the downfall of the food and beverages sector.
The review is based on a report titled, “UV Disinfection Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019.”
The Global UV Disinfection Equipment Market has been segmented on the basis of:
- Waste Water
- Food and Beverages
This market research report analyzes the following geographies:
- North America
- Asia Pacific
- Rest of the World
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