The Global UV Disinfection Equipment Market would garner revenue of $3.6 billion by 2020, registering a CAGR of 21% during 2015 - 2020. Water treatment is the highest revenue generating application of UV disinfection equipment, presently constituting over 50% of the total market revenue. North America is the biggest market of UV disinfection equipment, followed by Europe and APAC.
Growing environmental concerns, rising toxicity levels arising from hazardous industrial effluents in water bodies and shrinking freshwater sources are some of the key factors fueling the market growth. UV disinfection technology is rapidly replacing chlorine based disinfection technology. It is gaining popularity among residential as well as commercial customers owing to its superior benefits such as low installation and operational cost, and ease of maintenance along with low residue-less functioning.
Water treatment application is the highest revenue generating application attributed to widespread adoption of UV disinfection technology for treating water among residential and commercial customers. Among all the applications, surface disinfection is expected to witness the highest CAGR driven by efforts undertaken for improving the hygienic levels in healthcare as well as food and beverages sectors globally.
Rapid market growth in North America and Europe is supplemented by the early adoption of technologies and favorable government regulations. These regions collectively account for approximately 3/4th share in the worldwide market revenue. LAMEA region is expected to grow at the fastest CAGR, closely followed by Asia Pacific and North America.
Key Findings of UV Disinfection Equipment Market:
- Worldwide market for UV disinfection equipment is gaining prominence due to its increasing applications in water treatment
- Growing freshwater crisis along with the efforts for improving the hygienic levels in healthcare facilities, and food and beverages preparation and processing premises are expected to drive the market growth
- Early technology adoption and government regulations have constituted to market growth in North American and European regions
- Factors such as growing awareness, imminent need for providing safe drinking water and concerns about adverse effects of traditional disinfection systems are expected to drive the market growth in LAMEA and Asia Pacific regions
Global UV disinfection equipment market is comprised of large number of regional players operating in different geographies. Contract acquisition followed by the product launch are the key strategies adopted by the leading players for water treatment application in the market. For instance, in November 2013, Calgon Carbon Corporation signed a 10-year contract with the city of Glendale, Arizona for reactivation of services with the use of carbon and UV to treat the city's drinking water.