The report “UV Disinfection Equipment Market with COVID-19 Impact Analysis by Component (UV Lamps, Reactor Chambers), Power Rating (High, medium, low), Application (Water and Wastewater, Surface), End-user (Municipal, Residential), Geography – Global Forecast to 2026″, size is projected to reach USD 9.2 billion by 2026 from an estimated USD 4.8 billion in 2021, at a CAGR of 14.0% from 2021 to 2026. One of the reasons driving the growth of the UV disinfection equipment market is the increased need for UV disinfection equipment to battle the COVID-19 pandemic.
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Browse 171 market data Tables and 66 Figures spread through 235 Pages and in-depth TOC on “UV Disinfection Equipment Market with COVID-19 Impact Analysis by Geography – Global Forecast to 2026” View detailed Table of Content here – https://www.marketsandmarkets.com/Market-Reports/uv-disinfection-market-217291665.html
UV lamps segment to projected to register the highest CAGR between 2021 to 2026
The UV lamps segment is expected to register the highest CAGR during the forecast period. Depending on the role of the equipment, UV disinfection equipment may use a single or numerous UV lamps. The adoption of UV LED has propelled the market’s expansion by lowering the operating cost of UV disinfection equipment.
High-power UV disinfection equipment segment held the largest share of the market in 2020
In 2020, high-power UV disinfection equipment held the largest share of the UV disinfection equipment market. The huge demand for high-power UV disinfection equipment from municipal corporations is fueling market expansion. These machines are ideal for municipal water and wastewater treatment since they can disinfect vast amounts of water in a short amount of time.
By application, water and wastewater disinfection application is projected to grow at highest CAGR during forecast period
The UV disinfection equipment market for water and wastewater disinfection application is projected to record the highest CAGR during the forecast period. The growing concern about water and wastewater treatment among governments around the world is driving market expansion. The government of various countries throughout the world also imposes limits on wastewater disposal in significant bodies of water.
By end user, municipal segment is projected to grow at highest CAGR during forecast period
The municipal segment is expected to witness the highest CAGR during the forecast period. The surging demand for water and wastewater disinfection in this sector is primarily responsible for the market growth. One of the primary factors driving the growth of the UV disinfection equipment market in the municipal segment is the growing concern for preserving natural resources by utilising an environmentally friendly disinfection solution for the treatment of water and wastewater in rivers and natural springs.
By region, APAC UV disinfection equipment market estimated to grow at highest CAGR throughout the forecast period
The UV disinfection equipment market in APAC is projected to grow at the highest CAGR during the forecast period. Successful projects such as the Clean Ganga project in APAC are contributing to the growth of the market in the region. Moreover, the high adoption rate of UV technology in countries such as China, Japan, South Korea, and India, along with the increasing number of startups dealing in UV technology, drives the growth of the UV disinfection equipment market in APAC.
Xylem Inc. (US), Trojan Technologies (Canada), Halma Group (UK), Kuraray Co., Ltd. (Japan), Atlantic Ultraviolet Corporation (US), Evoqua Water Technologies LLC (US), Advanced UV, Inc. (US), American Ultraviolet (US), Atlantium Technologies Ltd. (Israel), and Hoenle AG (Germany), are some of the key players in the UV disinfection equipment market.
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