UV Disinfection Equipment Market is estimated to touch USD 4.0 billion by 2023
UV Disinfection Equipment Market Overview:
Water treatment has become one of the significant areas in the recent time due to the increasing illness caused by water-borne diseases. Several water treatment solutions have come into picture and one of the promising among them is the UV disinfection treatment. This procedure kills the microorganisms in the water by passing safe level of UV rays into it under proper supervision. The recent advances in the technology has improvised this process by introduction advanced disinfection equipment around the world. UV Disinfection Equipment market is rapidly increasing due to its high demand in the people.
The Global UV Disinfection Equipment Market size is expected to reach $4.0 billion by 2023, rising at a CAGR of 13% during the forecast period.
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UV Disinfection Equipment Market Drivers and Restraints:
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 need for eco-friendly disinfection system. The vendor offerings have also been taken into consideration to determine the market segmentation. Additionally, factors that are contributing to the growth of the market are cost effectiveness, new government initiatives to regulate the UV disinfection segment, concerns over safe drinking water in the emerging nations, environmentally friendly disinfection system and energy saving due to the use of UV LED. Stringent government regulations regarding UV disinfection, growing demand for technologically advanced disinfection solutions, and environmentally friendly composition of UV systems are some of the factors that are also supporting to the growth of the UV disinfection market. The need for alternative disinfection systems such as these systems is growing, as these advanced systems are far superior to conventional chemical-based disinfection systems.
UV Disinfection Equipment Market Geographical Segmentation:
The UV Disinfection Equipment Market id geographically segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The growing need for safe drinking water around the world is expected to drive this market in all the aforementioned regions.
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Key Players of UV Disinfection Equipment Market:
The major players of UV Disinfection Equipment market are Xylem Inc., Danaher Corporation (Trojan Technologies), Halma plc, Calgon Carbon Corporation, Atlantic Ultraviolet Corporation, Evoqua Water Technologies, Advanced UV, American Ultraviolet, Inc., Atlantium Technologies, and UV-Technik.
Key Takeaways from this Report:
- For different product types, end use applications and industry verticals, offers calculated growth rates (CAGR %), Volume (Units), and Value ($M) in each region to estimate the market potential.
- Identify various driving factors, constrains and untold opportunities that can impact the global marketplace
- Know the position of your competitor based on the market shares, financial performance, strategical approaches, SWOT, product benchmarking and so on.
- Increase overall revenue by understanding the geographical impact on sales and distribution channels.
- Evaluate the increase in values at each step of industry supply chain to improve process efficacy and optimize the value.
- Understand the market dynamics of leading players like deals, partnerships, new products, mergers and acquisitions in the last four years.
- Estimate the gaps in supply-demand, statics involved in import-export, and regulatory framework of the worldwide market in over 20 top nations.
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