NEW YORK, Aug. 13, 2021 /PRNewswire/ — The ultraviolet (UV) disinfection equipment market size is expected to increase by USD 2.06 billion during 2020-2024, registering a CAGR of over 14% during the forecast period. Advanced UV Inc. (US), American Ultraviolet Inc. (US), Atlantic Ultraviolet Corp. (US), Danaher Corp. (US), Evoqua Water Technologies LLC (US), Halma Plc (UK), Kuraray Co. Ltd. (Japan), Lumalier Corp. (US), SITA Srl (Italy), and Xylem Inc.(US) are some of the prominent vendors likely to contribute significantly to the market growth.
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The market is driven by the evolving benefits of UV disinfection equipment and rising concerns over freshwater scarcity. In addition, the growing demand for ultrapure water and the surging emergence of UV-C LED disinfection equipment will further offer significant opportunities for the market players to grow. However, the lower cost of conventional chlorine-based technology and minimal need for regular maintenance of equipment might hinder the market growth during the forecast period.
The ultraviolet (UV) disinfection equipment market covers the following areas:
Ultraviolet (UV) Disinfection Equipment Market Sizing
Ultraviolet (UV) Disinfection Equipment Market Forecast
Ultraviolet (UV) Disinfection Equipment Market Analysis
The ultraviolet (UV) disinfection equipment market report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Technavio analyzes the market by Application (Drinking water, Wastewater, Industrial water, and Others) and Geography (North America, Europe, APAC, South America, and MEA). Drinking water constituted the largest segment in 2019 and will continue to retain its market position in terms of size and share during the forecast period. By geography, 33% of the market’s incremental growth will originate from APAC with China and Japan emerging as the key contributing economies in the region.
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1. Executive Summary
2. Market Landscape
2.1 Market ecosystem
Exhibit 01: Parent market
2.2 Market characteristics
Exhibit 02: Market characteristics
2.3 Value chain analysis
2.2.1 Inputs
2.2.2 Inbound logistics
2.2.3 Operations
2.2.4 Outbound logistics
2.2.5 Marketing and sales
2.3.6 Aftermarket and service
2.3.7 Industry innovations
3. Market Sizing
3.1 Market definition
Exhibit 04: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 05: Market segments
3.3 Market size 2019
3.4 Market outlook: Forecast for 2019 – 2024
Exhibit 06: Global – Market size and forecast 2019 – 2024 ($ million)
Exhibit 07: Global market: Year-over-year growth 2019 – 2024 (%)
4. Five Forces Analysis
4.1 Five Forces Summary
Exhibit 08: Five forces analysis 2019 & 2024
4.2 Bargaining power of buyers
4.3 Bargaining power of suppliers
4.4 Threat of new entrants
4.5 Threat of substitutes
4.6 Threat of rivalry
4.7 Market condition
Market condition – Five forces 2020
5. Market Segmentation by Application
The 4 segments have been ranked based on their market size in 2019. Drinking water constituted the largest segment in 2019, while the smallest segment was industrial water. The 2019 market position of both the segments will change in 2024.
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5.1 Market segments
Exhibit 15: Application – Market share 2019-2024 (%)
5.2 Comparison by Application
Exhibit 16: Comparison by Application
5.3 Drinking water – Market size and forecast 2019-2024
Exhibit 17: Drinking water – Market size and forecast 2019-2024 ($ million)
Exhibit 18: Drinking water – Year-over-year growth 2019-2024 (%)
5.4 Wastewater – Market size and forecast 2019-2024
Exhibit 19: Wastewater – Market size and forecast 2019-2024 ($ million)
Exhibit 20: Wastewater – Year-over-year growth 2019-2024 (%)
5.5 Industrial water – Market size and forecast 2019-2024
Exhibit 21: Industrial water – Market size and forecast 2019-2024 ($ million)
Exhibit 22: Industrial water – Year-over-year growth 2019-2024 (%)
5.6 Others – Market size and forecast 2019-2024
Exhibit 23: Others – Market size and forecast 2019-2024 ($ million)
Exhibit 24: Others – Year-over-year growth 2019-2024 (%)
5.7 Market opportunity by Application
Exhibit 25: Market opportunity by Application
6. Customer landscape
Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
Exhibit 27: Customer landscape
Customer landscape analysis
7. Geographic Landscape
The 5 regions have been ranked based on their market size in 2019. North America ranked first as the largest region, while MEA was the smallest region in 2019. In 2024, APAC will surpass Europe and become the second-largest segment as compared to 2019.
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7.1 Geographic segmentation
Exhibit 27: Market share by geography 2019-2024 (%)
7.2 Geographic comparison
Exhibit 28: Geographic comparison
7.3 North America – Market size and forecast 2019-2024
Exhibit 29: North America – Market size and forecast 2019-2024 ($ million)
Exhibit 30: North America – Year-over-year growth 2019-2024 (%)
7.4 Europe – Market size and forecast 2019-2024
Exhibit 31: Europe – Market size and forecast 2019-2024 ($ million)
Exhibit 32: Europe – Year-over-year growth 2019-2024 (%)
7.5 APAC – Market size and forecast 2019-2024
Exhibit 33: APAC – Market size and forecast 2019-2024 ($ million)
Exhibit 34: APAC – Year-over-year growth 2019-2024 (%)
7.6 South America – Market size and forecast 2019-2024
Exhibit 35: South America – Market size and forecast 2019-2024 ($ million)
Exhibit 36: South America – Year-over-year growth 2019-2024 (%)
7.7 MEA – Market size and forecast 2019-2024
Exhibit 37: MEA – Market size and forecast 2019-2024 ($ million)
Exhibit 38: MEA – Year-over-year growth 2019-2024 (%)
7.9 Key leading countries
Exhibit 39: Key leading countries
7.10 Market opportunity by geography
Exhibit 40: Market opportunity by geography ($ million)
8. Drivers, Challenges, and Trends
8.1 Market drivers
8.1.1 Evolving benefits of UV disinfection equipment
8.1.2 Rising concerns over freshwater scarcity
8.1.3 Emergence of customized UV disinfection equipment
8.2 Market challenges
8.2.1 Availability of refurbished UV disinfection equipment
8.2.2 Lower cost of conventional chlorine-based technology
8.2.3 Need for regular maintenance of equipment
8.3 Market trends
8.3.1 Growing demand for ultrapure water
8.3.2 Emergence of UV-C LED disinfection equipment
8.3.3 Rapid development of large-scale commercial plants
9. Vendor Landscape
9.1 Overview
9.2 Vendor landscape
9.3 Landscape disruption
Analysis of Criticality of inputs and Factors of differentiation
Competitive scenario
9.4 Landscape disruption
Technavio’s Analysis on the impact of Disruption Threats by comparing Disruptive sources and Factors driving disruption
Industry risks
10. Vendor Analysis
10.1 Vendors covered
10.2 Market positioning of vendors
10.3 Advanced UV Inc.
Overview
Business Segments
Key Offering
Segment Focus
10.4 American Ultraviolet Inc.
Overview
Business Segments
Key Offering
Segment Focus
10.5 Atlantic Ultraviolet Corp.
Overview
Business Segments
Key Offering
Segment Focus
10.6 Danaher Corp.
Overview
Business Segments
Key Offering
Segment Focus
10.7 Evoqua Water Technologies LLC
Overview
Business Segments
Key Offering
Segment Focus
10.8 Halma Plc
Overview
Business Segments
Key Offering
Segment Focus
10.9 Kuraray Co. Ltd.
Overview
Business Segments
Key Offering
Segment Focus
10.10 Lumalier Corp.
Overview
Business Segments
Key Offering
Segment Focus
10.11 SITA Srl
Overview
Business Segments
Key Offering
Segment Focus
10.12 Xylem Inc.
Overview
Business Segments
Key Offering
Segment Focus
11. Appendix
11.1 Scope of the report
11.1.1 Market definition
11.1.2 Objectives
11.1.3 Notes and Caveats
11.2 Currency conversion rates for US$
11.3 Research methodology
11.4 List of abbreviations
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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