New Report: UV Disinfection Market Worth 4.27 Billion USD by 2023
DUBLIN, Dec. 21, 2017 /PRNewswire/ --
The "UV Disinfection Market by Component, Application, End User, and Geography - Global Forecast to 2023" report has been added to Research and Markets' offering.
The UV disinfection market, in terms of value, is expected to grow from USD 1.98 Billion in 2017 to USD 4.27 Billion by 2023, at a CAGR of 13.67% between 2017 and 2023. The major drivers for the market include stringent government regulations pertaining to UV disinfection, increase in preference among end users toward technologically advanced disinfection solution, and environmentally friendly composition of UV systems.
This report covers the UV disinfection market on the basis of component, application, end user, and geography. The municipal segment is expected to hold the largest share of the market between 2017 and 2023.
The UV disinfection market for the water and wastewater application is expected to grow at the highest CAGR during the forecast period. The 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. Stringent government regulations in countries such as the US, the UK, Germany, Singapore, and India toward proper disposal of wastewater from industries is also driving the growth of the UV disinfection market for the water and wastewater application across the world.
The UV disinfection market for the municipal segment is expected to grow at the highest CAGR during the forecast period. The highest growth rate of the municipal segment can be attributed to the 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. These planned projects to disinfect water and wastewater is expected to drive the municipal segment market at the highest rate between 2017 and 2023.
APAC held the largest share of the UV disinfection market in 2016. The UV disinfection market in APAC is expected to grow at the highest CAGR between 2017 and 2023. The increasing demand for UV disinfection among residential, commercial, municipal, and industrial end users is the key driving factor for the high growth of UV disinfection market in this region. Governments in this region are paying more attention toward treatment of wastewater as countries, such as Singapore, Vietnam, and India, are facing scarcity of safe drinking water. For instance, in Hong Kong, the Drainage Services Department installed two-photon medium pressure UV systems manufactured by Hanovia to meet the stringent requirements of the discharged effluent.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 UV Disinfection Equipment Market, By Component
7 UV Disinfection Equipment Market, By Application
8 UV Disinfection Equipment Market, By End User
9 Geographic Analysis
10 Competitive Landscape
11 Company Profiles
- Advanced UV
- Alfaa UV
- American Ultraviolet
- Aqualine Ii Water Systems
- Aquanetto
- Aquatic Solutions
- Atlantic Ultraviolet
- Atlantium Technologies
- Australian Ultra Violet Services
- Calgon
- Ceasa
- Evoqua Water Technologies
- Halma
- Hitech Ultraviolet
- Integrated Aqua Systems
- Lit Company
- Lumalier
- Nectar Solutions
- Ozonia
- Sita
- Trojan Technologies
- Typhon Treatment Systems
- Ultraaqua
- UV Pure
- UV-Technik
- Xylem
For more information about this report visit https://www.researchandmarkets.com/research/s9k4j2/new_report_uv?w=5
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