The market is poised to grow at a CAGR of 26% during the forecast period. Growth of this industry is majorly driven by factors such as high adoption rate of digital devices, convergence of technologies, and penetration of wireless connectivity.
Deerfield Beach, FL -- (SBWIRE) -- 05/03/2016 -- The significance of alternative disinfection methods is growing by the day, as these are better than the conventional chemical based disinfection. UV Disinfection is amongst the most popular alternatives used across numerous applications today. The key driving factors for the market are cost effectiveness (as compared to other new disinfection methods), favorable government initiatives, the impending need of developing nations to provide safe drinking water, increasing awareness and demand for eco-friendly and energy efficient disinfection systems. However, there are certain restraints in this market such as the low cost of conventional disinfectants such as chlorine, lack of residual treatment and the declining share of F&B and surface disinfection applications.
The global growth of this market is supplemented by developments in the healthcare/chemical industries, air treatment applications and global initiatives such as the UN's, Millennium Development Goals (MDG's) for water treatment.
The UV disinfection market is segmented into applications such as water treatment, wastewater treatment, air treatment, process water treatment, and surface disinfection. Water and wastewater treatment are the two most significant applications of the market having a comparatively larger market share over other applications. The water treatment application has the highest market share as it is a volume driven application. The wastewater application is expected to grow at the highest CAGR during the forecasted period of 2014 to 2020. Globally, lack of fresh water availability is a major concern; that has resulted in a growing emphasis on the treatment and reuse of wastewater, which, in turn, is expected to boost the growth of this application.
Geographically, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa (LAMEA). The North American region has the highest market revenue due to early adoption of the technology and favorable government initiatives. The developing regions, such as LAMEA and APAC would witness unprecedented growth in the adoption of the UV disinfection technology during the forecasted period.
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The analysis of key strategies adopted by the leading market players gives a comprehensive picture of the current market scenario. . Contract acquisitions followed by product launches are the most commonly used strategies in the UV disinfection equipment market, particularly for water treatment applications. The key companies profiled in this report are Aquionics, Atlantic Ultraviolet Corporation, Calgon Carbon Corporation, Trojan Technologies, Philips Lighting, Xylem Inc., Severn Trent Services, Xenex Disinfection Services LLC. and American Ultraviolet, Inc.
The report provides an in-depth analysis of the current market scenario and highlights the future trends that would enable the stakeholders to make tactical and informed decisions
The market estimations are calculated for the forecasted period from 2014 to 2020 by considering 2013 as the base year
The geographic analysis would facilitate the companies in devising regional level strategies and plans Analysis of key applications based on growth potential and future prospects
The drivers, restraints and opportunities are analyzed considering their impact on the current situation and future market scenario
KEY MARKET SEGMENTS
MARKET BY APPLICATION
Municipal Water Treatment
Residential Water Treatment
Commercial Water Treatment
Residential and Commercial
Process Water Treatment
Food and Beverage Disinfection
MARKET BY GEOGRAPHY
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