17 Dec
2014
Allied Market Research Publishes a report titled “UV Disinfection Equipment Market - Size, Industry Analysis, Trends, Growth, and Forecast, 2013-2020.” The report forecast the market to attain a value of $2.8 billion by 2020 with a CAGR of 15.3% during 2014-2020. Factors such as toxicity from the industrial water wastes, depleting freshwater sources and growing environmental concerns are driving the growth for UV disinfection equipment market.
Wastewater treatment through UV disinfection equipment would account for around one third of the market share by 2020. North America leads the UV disinfection equipment market with around 40% market share in terms of value. This can be attributed to the prevalence of advanced technologies in the region. The adoption of UV disinfection equipment is slow in Asia Pacific and LAMEA. However, its usage would increase significantly during the estimated period.
UV disinfection is progressing as the cutting edge technological solution for water treatment industry. Using advanced disinfection techniques instead of chlorine-based disinfection is propelling the usage of UV technology. Less operational cost, less installation cost and residue-less running and easy maintenance are boosting the growth of the UV disinfection market. However, extensive usage of chlorine and low-cost disinfection techniques would hinder the market growth.
UV disinfection has numerous applications in areas such as wastewater treatment, water treatment, air treatment, surface disinfection and process-water treatment. Wastewater treatment is expected to register the highest growth during the estimated time period. Depleting fresh water resource is raising an alarm globally; hence, the demand for water recycle and reuse is growing, which ultimately adds to the growth of the UV disinfectant equipment market.
In terms of geography, North America generates maximum revenues in the overall UV disinfectant equipment market, followed by Europe. Owing to rising awareness regarding non-hazardous disinfection systems the market for the UV disinfectant equipment is expected to grow in Asia-Pacific and LAMEA.
The report profile the key global player in the market. They are listed below:
Akhilesh Prabhugaonkar
Author's Bio- Akhilesh Prabhugaonkar holds a bachelors degree in Electronics Engineering from the reputed Vishwakarma Institute of Technology. He has a special interest in the fields of forensics, world history, international relations and foreign policy, sports, agriculture, astronomy, security, and oceanography. An ardent bibliophile and melophile, Akhilesh loves to write on topics of his interest and various other societal issues. This love for writing made him enter the professional world of content writing and pursue his career in this direction.
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