ALBANY, New York, April 25, 2017 /PRNewswire/ --
With only a few established players the global market for UV disinfection equipment market displays a largely consolidated structure, finds a new study by Transparency Market Research (TMR). Although there are many small players in this market, their presence is restricted to their locality, which results in weak branding. The top four players, namely, Xylem Inc., Severn Trent Plc, Calgon Carbon Corp. and GE Lighting, held 55% of the overall market in 2016.
As compared to public ventures, the number of private companies is much higher in the global market for UV disinfection equipment. The leading manufacturers are aggressively focusing on the designing and development of easy to install and cost efficient equipment. Strategies, such as innovations and product advancements are also expected to witness high uptake among participants in the near future, states the research report.
According to TMR, the worldwide market for UV disinfection equipment stood at US$1.62 bn in 2016. Analysts anticipate it to witness high growth during the period from 2017 to 2025 at an exponential CAGR of 17.40% and increase its opportunity to US$6.73 bn by the end of the forecast period. The UV disinfection technology has been reporting a higher adoption in water and wastewater treatment. The scenario is expect to remain so over the next few years on the grounds of the increasing preference of UV disinfection technology over chlorine-based disinfection among people.
North America to Retain Lead Position
The research report further presents a geographical analysis of the worldwide market for UV disinfection equipment. As per the study, North America, Asia Pacific, Europe, and the Rest of the World are the prime geographical categories of this market. Boosted by the rising demand for UV disinfection equipment in the U.S., North America emerged as the key contributor to the global market with a share of nearly 36.7% in 2016. The regional market is expected to maintain its dominance throughout the period of the forecast, thanks to the presence of the leading players in a large number.
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On the other hand, Asia Pacific is likely to register its presence as the most promising market for UV disinfection equipment across the world in the years to come. The rising need to cleanse wastewater and the increasing demand for highly efficient infrastructure for water management is expected to create significant growth opportunities for market players over the forecast period, states the research report.
Increasing Popularity of UV Disinfection Technique to Fuel Demand
"The growing awareness regarding the benefits of UV disinfection technology is influencing the demand for UV disinfection equipment across the world, states the author of this study. Since UV disinfection is a user-friendly technique with no residual effect to humans or aquatic life, its popularity is increasing significantly, resulting in the escalating uptake of UV disinfection tools and machinery.
The increasing concerns over water scarcity is also boosting the uptake of these tools for the cleansing of water to make it reusable, as the reuse of wastewater will reduce the need for potable water to a great extent. On the flip side, the challenges associated with designing effective UV disinfection equipment may hamper the growth of this market over the forecast period, states the research report.
Get more information from Research Report Press Release: http://www.transparencymarketresearch.com/pressrelease/ultraviolet-disinfection-equipment.htm
The study presented here is based on a report by Transparency Market Research (TMR), titled "UV Disinfection Equipment Market (Application - Water, Wastewater, Air, Food and Beverages, and Surface) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025."
The global UV disinfection equipment market is segmented into:
- Food and Beverages
- North America
- Asia Pacific
- Rest of the World (RoW)
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