UV Disinfection Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019
Albany, NY -- (SBWIRE) -- 10/19/2016 -- Ultraviolet or UV disinfection devices or equipment are used to prevent water contamination. The usage of the technology to cure contaminated water dates back to the early 1900s. Earlier, disinfecting contaminated water was an expensive affair, however, the costs incurred on the method have significantly reduced as researchers have innovated and deployed novel technologies to disinfect and cure wastewater. Currently, several nations around the world have implemented stringent regulations mandating the use of disinfection equipment with UV light.
Over the years, UV disinfection equipment has grown in popularity, giving tough competition to the chlorine-based disinfection market. The low operating cost of this technology, its easy operation, and residual-free functioning are the key factors aiding the growth of the global UV disinfection equipment industry.
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Additionally, the rapid expansion of the healthcare and medical sector and the chemical industry has been providing lucrative opportunities for the surface and air segments of the UV disinfection equipment market. The average cost incurred on minimizing the effectiveness of cryptosporidium by ozone alone is about US$8.1 mn, whereas when a combination of UV disinfection equipment and ozone is used, the cost comes down to US$4.6 mn.
The cost incurred yearly on maintaining water disinfection systems utilizing ozone technology is about US$460,000. In contrast, the annual cost incurred on maintaining a disinfection system that includes a combination of UV disinfection equipment and ozone is US$60,000. Owing to such advantages, the demand from the UV disinfection equipment industry is significantly increased.
Several countries around the world have expressed their keenness to invest in a combination of ozone and UV disinfection equipment to form multiple barriers against cryptosporidium, a genus of protozoans responsible for causing gastrointestinal illnesses such as diarrhea. Thus, the demand for UV disinfection devices to cure water contamination has increased rapidly. In its report, titled "UV Disinfection Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019," Transparency Market Research aims to evaluate the factors influencing the global UV disinfection equipment market growth trajectory.
Browse the full UV Disinfection Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019 report at http://www.transparencymarketresearch.com/ultraviolet-disinfection-equipment.html
The report pegs the overall value of the global UV disinfection equipment market at US$993.4 mn in 2012. Exhibiting an impressive CAGR of 14.1% between 2013 and 2019, the global UV disinfection equipment market is anticipated to reach US$2.5 bn by the end of the forecast period. The emergence of several favorable regulatory schemes for providing clean and safe drinking water to people is aiding the market's expansion. For instance, the Environmental Protection Agency has imposed a regulation called the Long Term 2 Surface Water Treatment Rule, wherein all public water systems in the U.S. utilizing groundwater are mandated to decrease the levels of cryptosporidium by 2-logs in the source water.
The report provides a comprehensive overview of the various factors influencing the growth trajectory of the global UV disinfection equipment market. To study the prevailing competition, the report profiles some of the leading players in the market such as Calgon Carbon, Trojan, which is a subsidiary of Danaher, and Xylem.