Global UV Disinfection Market to Reach $6 Billion by 2027
Amid the COVID-19 crisis, the global market for UV Disinfection estimated at US$2.5 Billion in the year 2020, is projected to reach a revised size of US$6 Billion by 2027, growing at a CAGR of 13.2% over the analysis period 2020-2027. Water and Wastewater, one of the segments analyzed in the report, is projected to record a 14.8% CAGR and reach US$4.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Process Water segment is readjusted to a revised 13.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $747.9 Million, While China is Forecast to Grow at 12.6% CAGR
The UV Disinfection market in the U.S. is estimated at US$747.9 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1 Billion by the year 2027 trailing a CAGR of 12.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.8% and 11.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 9.4% CAGR.
Surface Segment to Record 9.7% CAGR
In the global Surface segment, USA, Canada, Japan, China and Europe will drive the 9.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$282.2 Million in the year 2020 will reach a projected size of US$533.8 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$710.9 Million by the year 2027.We bring years of research experience to this 6th edition of our report. The 183-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Competitors identified in this market include, among others,
- Advanced UV, Inc.
- Alfaa UV
- American Ultraviolet
- Aqualine II Water Systems
- Aquanetto Group GmbH
- Aquatic Solutions
- Atlantic Ultraviolet Corporation
- Atlantium Technologies Ltd.
- Australian Ultra Violet Services Pty Ltd.
- Calgon Carbon Corporation
- Evoqua Water Technologies LLC
- Halma PLC
- Hitech Ultraviolet Pvt. Ltd.
- Integrated Aqua Systems, Inc.
- Lit Company
- Lumalier Corporation
- Nectar Solutions
- Trojan Technologies
- Typhon Treatment Systems Ltd.
- Ultraaqua A/S
- UV Pure
- UV-Technik Speziallampen GmbH
- Xylem, Inc.