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UV Disinfection Market Worth 4.27 Billion USD by 2023


News provided by

MarketsandMarkets

14 Dec, 2017, 15:00 GMT

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PUNE, India, December 14, 2017 /PRNewswire/ --

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The report "UV Disinfection Market by Component (UV Lamp, Quartz Sleeve, Reactor Chamber, Controller Unit), Application (Water and Wastewater, Process Water, Air, and Surface), End User (Residential, Commercial, Industrial), and Geography - Global Forecast to 2023", published by MarketsandMarkets™, the market was valued at USD 1.98 Billion in 2017 and is expected to reach USD 4.27 Billion by 2023, at a CAGR of 13.67% between 2017 and 2023. The growth of the UV disinfection market is driven by factors such as growing need for safe drinking water in developing countries, increasing favorable government initiatives, rising awareness among the users, and growing need for eco-friendly disinfection system.

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Browse 73 market data Tables and 36 Figures spread through 152 Pages and in-depth TOC on "UV Disinfection Market - Global Forecast to 2023"

https://www.marketsandmarkets.com/Market-Reports/uv-disinfection-market-217291665.html

Early buyers will receive 10% customization on this report 

Water and Wastewater expected to lead the UV disinfection market 

The increasing need for safe drinking water and wastewater treatment in the industrial segment is the major reason for 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.

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UV disinfection market for the municipal industry is expected to grow at the highest CAGR between 2017 and 2023 

Municipal utilities are responsible for treating water and supplying to residential, commercial, and industrial end users. However, the increasing need for safe drinking water and proper disposal of toxic chemicals in water bodies is compelling municipal utilities to switch to a less time-consuming and effective method for disinfection. Hence, the increasing need to treat water in natural resources, such as rivers and natural springs, as well as to treat wastewater from industries are among the major reasons for the increasing growth of the UV disinfection market for the municipal segment.

North America held the largest share of the UV disinfection market in 2016 

North America held the largest share of the market in 2016. This growth can be attributed to the presence of several leading UV disinfection equipment manufacturing companies in this region. Some of these companies include Xylem (US), Trojan Technologies (Canada), Halma (UK), Calgon (US), and Atlantic Ultra Violet  (US).

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Some of the major players in the UV disinfection market are UV Pure (Canada), LIT Company (Germany), ozonia (Switzerland), uv-technik (UK), Australian Ultra Violet services (Australia), Advanced UV (US), Atlantium Technologies (Israel), and Typhon Treatment Systems (UK).

Browse Related Reports 

UV LED Market by Technology (UVA, UVB, & UVC), Application (Industrial (UV Curing), Medical & Scientific (Phototherapy, Sensing), Sterilization (Disinfection) & Security (Counterfeit Detection & Forensic)), and Geography - Global Forecast to 2020

https://www.marketsandmarkets.com/Market-Reports/uv-led-market-143107738.html

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About MarketsandMarkets™  

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


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