Wednesday, December 2, 2015

UV disinfection equipment market would attain market size of $3,663.6 million by 2020

The adoption of alternative disinfection technology such as UV disinfection is gaining traction. These methods are preferred to conventional based disinfection which uses chemicals.
 Key driving factors affecting the market growth are the various benefits of the technology such as being cost effective and energy efficient, new government initiatives supporting the adoption, and the impending concerns of emerging nations offer safe drinking water to all. The last goal is consistent with the Millennium Development Goals (MDGs) of the UN for water treatment.
Among various industries, healthcare and chemical segments would give rise to numerous opportunities for the market in the domain of air treatment. Furthermore, the application of UV disinfection equipment for treating water would is fueled by various initiatives to provide clean drinking.
Growing concerns for increasing hygienic levels in healthcare along with need for containing infection in food and beverages sectors is expected to offer growth momentum to the overall market growth.
Wastewater treatment & water disinfection are the dominant applications of UV disinfection equipment, together contributing over 80% of the aggregate market share in terms of revenue. Being driven by volume consumption, water treatment application contributes the maximum market share, but the use of UV disinfection for treating waste water is gaining prominence owing to inclination towards reuse of water.
Rapid market growth in regions such as North America and Europe is driven by early adoption of technologies and various government regulations favoring the adoption. Eyeing great opportunities in the UV disinfection equipment, Big Market Research has added a report titled “World UV Disinfection Equipment Market - Opportunities and Forecasts, 2014 – 2020”. As per the report, The UV disinfection equipment market is forecast to grow at 21% CAGR amid the forecast period.
World UV disinfection equipment market consists of many prominent regional players such as Calgon Carbon Corporation, Atlantic Ultraviolet Corporation, Philips Lighting, Trojan Technologies, Xylem Inc., and Severn Trent Services. Contract acquisition and massive product launch are the dominant strategies adopted by the key market players to consolidate their positions in the market.
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