The “Ultraviolet (UV) Disinfection: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global market for ultraviolet (UV) disinfection estimated at $4.7 billion in the year 2022, is projected to reach a revised size of $12.9 billion by 2030, growing at a compound annual growth rate (CAGR) of 13.4% over the analysis period 2022-2030.
UV lamps, one of the segments analyzed in the report, is projected to record a 14.6% CAGR and reach $5.4 billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the ballasts/controller units segment is readjusted to a revised 12.9% CAGR for the next 8-year period.
The U.S. market is estimated at $1.2 billion, while China is forecast to grow at 16.2% CAGR.
The UV Disinfection market in the U.S. is estimated at $1.2 billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of $2.8 billion by the year 2030 trailing a CAGR of 16.2% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.5% and 11.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 11.2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach $2 billion by the year 2030.
The global ultraviolet disinfection equipment market size was estimated at $3.6 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.9% from 2023 to 2030, according to Grand View Research.
“The rising demand for ultraviolet (UV) disinfection equipment in health care organizations is likely to boost industry growth,” Grand View Research reports. “The COVID-19 pandemic has impacted the supply of this equipment and its components since manufacturers are unable to satisfy the increasing demand and have reached their maximum production capacity. These firms should expand their manufacturing facilities to address the increasing demand from end-users, which is not possible in a short period.”
UV air purification is an established technique, and several organizations such as WHO and CDC have repeatedly promoted its usage in labs, hospitals, operating rooms, and colleges. Furthermore, UV air purifiers are advised to enhance the air quality in both the residential and commercial sectors by removing particulate matter and dust, which is thought to reduce coronavirus transmission.
With the rise of COVID cases, several hospitals have begun implementing UV systems to disinfect high-risk indoor settings, which is projected to increase product demand in the coming years. UV disinfection systems have a lower environmental effect than sodium hypochlorite and chlorine gas since UV is largely controlled by the composition of the electrical grid.
UV disinfection systems have been acknowledged by public health agencies as an effective technique for treating drinking water, reclaimed water, and wastewater. This has prompted nations throughout the world to implement these systems since they are safe and do not require the use of toxic chemicals to conserve water resources and meet sustainability goals.
