UV Disinfection Equipment Market

UV Disinfection Equipment Market is expected to grow from USD 1.95 Billion in 2017 to USD 7.0 Billion by 2026, at a CAGR of 14.6% between 2017 and 2026. (Detailed analysis of the market CAGR is provided in the report) UV disinfection is the process to inactivate pathogens with use of disinfectants rays. Disinfectants are different from other antimicrobial agents such as antibiotics, they are antimicrobial agents that are applied to the surface of non-living objects to destroy microorganisms. There are three main disinfection methods when dealing with water; chemical, photochemical, and physical. Disinfection of water, wastewater, air, food and beverages, and surfaces are some of major applications of UV disinfection. Increasing need for safe drinking water, stringent government regulations pertaining to UV disinfection, increase in awareness toward technologically advanced disinfection solution, and environmentally friendly composition of UV systems are major factors driving the growth of UV disinfection equipment market. However, lack of awareness among end users regarding the benefits of UV disinfection technology over other disinfection technologies are restraining the market growth. Further key findings from the report: • Municipal segment is anticipated to grow at highest CAGR during the forecast period owing to increasing demand to treat wastewater and water available in natural resources. Projects such as River Ganga, Five Year Plan of China Government, and Chicago River project are involved in the installation of the UV disinfection equipment would contribute to the growth of UV disinfection market • Water and waste water application held share of over 56 % of UV disinfection market in 2016. Increasing need for safe drinking water and wastewater treatment in the industrial segment drives the growth of the UV disinfection market for the water and wastewater application. The wastewater segment is expected to surpass the water segment between 2017 and 2026.The food and beverages segment, despite a slightly declining growth rate, is expected to witness an uptick with the flourishing food and beverages industry • Among geographical regions, North America Accounted for the largest share of UV disinfection market in 2016. Since, North America is the hub for UV Disinfection equipment market due to hygiene and safety concerns, mainly in food, and healthcare industries it is driving the UV disinfection market. United States account for the major share in growth of UV disinfection market due to supporting government policies, cost efficiency and government initiatives for all citizens, to provide safe drinking water • UV disinfection market in APAC and Europe is expected to grow at higher CAGR by 2026 owing to flourishing healthcare industry. Western European Countries to invest over USD 120 Billion in UV disinfection industry by 2017

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This Information Submitted By Market Research Company(Maximize Market Research Pvt.Ltd)