UV disinfection equipment market seen at $5.3 bn by 2025; India, China, Japan to push growth
India, along with countries such as China, Japan, South Korea is seen driving upwards growth in the global UV disinfection equipment market in the next five years till 2025. High adoption rate of UV technology in projects, growing number of startups in the UV technology market in these countries and the Indian Government’s flagship programme Namami Gange are expected to help push sales in the market.
The UV disinfection equipment market size is projected to grow from $2.9 billion in 2020 to $5.3 billion by 2025, posting a healthy CAGR of 12.3 per cent from 2020 to 2025, a new research report has indicated.
Key factors fueling the growth of this market include increasing demand for UV disinfection equipment due to the threat of infectious diseases, and long life and lower power consumption of LED-based UV disinfection equipment.
Overall, the Asia Pacific (APAC) region is projected to post the highest growth among all regions. In 2025, APAC is projected to hold the largest share of the global UV disinfection equipment industry. The presence of many manufacturing plants in the APAC region that require processed water has been another factor contributing to the high demand for UV disinfection equipment as also increasing number of projects.
The global UV disinfection equipment market is dominated by leading companies including Xylem, Trojan Technologies, Halma plc, Kuraray Co, Evoqua Water Technologies and Atlantic Ultraviolet Corporation, besides several Indian names like Alfaa UV, Aquatic Solutions, Nectar Solutions and Hitech Ultraviolet Pvt Ltd.
Market-wise, the municipal segment is projected to grow at the highest CAGR during the forecast period.
In 2019, municipal end-user segment held the largest share of the global UV disinfection equipment market. This segment is also expected to grow at the highest CAGR during the forecast period. The dominance of this end-user is mainly due to the rising concerns about the recycling of wastewater.
A large number of municipal corporations are adopting UV disinfection equipment for recycling and retreating wastewater from industries. Also, to meet the demand for drinking water in areas with a dense population, municipal corporations are shifting toward UV treated water as it does not has any chemical residues.
The water and wastewater disinfection segment is projected to grow at the highest CAGR from 2020 to 2025.
In 2019, the water and wastewater disinfection segment held the largest share of the overall UV disinfection equipment market and is expected to grow at the highest CAGR during the forecast period. This growth is attributed to the increasing need for safe drinking water in all parts of the world.
Strengthened government regulations in countries such as the US, Germany, Singapore, India, China, and the UK regarding proper treatment of wastewater from industrial units has also contributed significantly to the growth of this segment. The replacement of the chlorine-based process for the disinfection of water and wastewater with UV-based disinfection equipment is also expected to drive the growth of the market, the report added.
