Disinfection Segment Is The Largest Segment Driving The Growth Of UV Lamps Market
The global UV Lamps Market is estimated to be valued at US$ 741.3 Mn or Mn in 2023 and is expected to exhibit a CAGR of 45.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
UV lamps are used for disinfecting air and water and sterilizing surfaces by emitting short-wavelength ultraviolet light to kill or inactivate microorganisms. They find wide application in water and wastewater disinfection, food and beverage processing, and surface disinfection.
Market key trends:
One of the key drivers for the UV lamps market is growing cognizance about waterborne and airborne diseases globally. The rising level of water impurities and air pollutants have increased the risks of infectious diseases, driving demand for disinfecting equipment like UV lamps. Stringent regulations regarding wastewater treatment before disposal into water bodies are also propelling the adoption of UV disinfection systems. Moreover, greater awareness about health risks due to inappropriate handling or disinfection of surfaces and increasing utilization of UV lamps in healthcare facilities for disinfecting patient rooms and operating theaters are expected to open new avenues for market growth over the forecast period.
SWOT Analysis
Strength: UV lamps require low maintenance and offer reliable disinfection of water. They are mercury-free and energy efficient.
Weakness: Initial setup and installation costs of UV systems can be high. Improper lamp alignment can reduce disinfection effectiveness.
Opportunity: Growing needs for disinfecting water emissions from various end-use industries present an opportunity.
Threats: Availability of alternative water treatment methods can threaten market growth. Fluctuations in raw material prices impact the total cost of ownership.
Key Takeaways
Global UV Lamps Market Demand is expected to witness high growth, exhibiting CAGR of 45% over the forecast period, due to increasing needs for reliable and eco-friendly water disinfection. The market size for 2023 is US$ 741.3 Mn.
Regional analysis: Asia Pacific region is expected to dominate the UV lamps market during the forecast period. China, India, and other developing nations are increasingly investing in water treatment infrastructure to tackle issues of water scarcity and pollution. North America and Europe also capture substantial market shares.
Key players operating in the UV lamps market are Xylem Inc., Atlantic Ultraviolet Corporation, Calgon Carbon Corporation, Halma PLC, Trojan Technologies Inc., Heraeus Holding Gmbh, Xenex Disinfection Services LLC, Severn Trent PLC, OSRAM Gmbh, and Koninklijke Philips N.V. Xylem and Halma are recognized as technology leaders in UV disinfection equipment and lamps.
Read More- https://makuv.com/artificial-intelligence-projected-to-boost-the-growth-of-uv-lamps-market/
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