The germicidal lamp market size to cross USD 18 billion by 2025, growing at a CAGR of 36% during the forecast period. The industry is experiencing a new lease of life after the outbreak of the COVID-19 pandemic with demand outpacing supply. The potential addressable market for germicidal lamps is growing as new end-users, which earlier did not utilize UV systems, have started to enquire about the same. With COVID-19 infections reaching over 10 million since the outbreak of the disease in December 2019, the spotlight on UV-C lamps has increased. UV-C based products are being explored as sanitizers. Although the residential sector is witnessing high traction, the lamp equipment utilization in new UV systems is growing. UV system manufacturers are designing systems, which are more portable than standalone. Hospital, hospitality, and transportation sectors are expected to fuel market growth in the medium term. While a large part of the historical demand was based on the availability of systems, disposable incomes of consumers, and commercial and industrial growth, the outbreak of COVID-19 has prioritized safety in both residential and non-residential sectors.
- The germicidal mercury lamp segment is expected to grow at the highest CAGR of over 36% during the period on account of long service life and enhanced operational efficiency
- The revenue of the water purification systems segment is likely to touch over $10 billion by 2025 due to the increased application of water services in several sectors – residential, commercial, and industrial.
- North America is projected to observe an incremental growth of over $5.5 billion by 2025 on account of the extensive use of technology in food and beverages, water and waste-water treatment industries
- The germicidal lamp market in India is expected to grow at a CAGR of over 37% during the period 2019–2025 due to the high of major water treatment projects.
GERMICIDAL LAMP MARKET SEGMENTATION
This research report includes a detailed segmentation by
- Low pressure start type
INSIGHTS BY LAMP
The demand for germicidal mercury and LED lamps is growing due to the outbreak of the COVID-19. The new, as well as replacement demand, has been high since January 2020. Developing regions are also witnessing high traction on account of the severity of COVID-19. Since germicidal lamps are considered essential for COVID-19 control, favorable governmental support is likely to influence market growth positively. Germicidal mercury lamps have been experiencing high demand from the light commercial sector since January 2020 as the COVID-19 pandemic has affected the global market. The UV germicidal lamp has emerged as an effective UV sanitizer for both residential and light commercial sectors. The UV germicidal lamp market was offset in the residential sector in April and May as the lockdown was enforced, putting a restriction on the trade of UV mercury lamps. The market for germicidal mercury lamp is expected to dominate its high market share, with the usage in residential and commercial sectors scheduled to the highest during the forecast period.
The germicidal LED lamps segment constitutes around 5% of market share with minimal commercial application. LED-based UV systems are few in number, and the R&D investment currently undertaken is pushing evolving technology into commercial applications. The lower light output and the size constraints are the major restraining factors with the usage of LED lamps. The light commercial and municipal markets are the major end-use sector of germicidal LED lamps. Residential drinking machines, laboratory water purifiers, and water coolers are small-scale application end-users. The global germicidal LED lamp market is expected to grow at a CAGR of over 45% during the forecast period.
INSIGHTS BY APPLICATION
The water purification market is the largest in North America and Europe. The wastewater treatment by UV rays is slowly gaining market share in the industrial and commercial sectors. The conventional wastewater treatment is still in vogue, and hence the demand for UV disinfection equipment of water is not high. The UV disinfection equipment market for water purification systems has not observed any drastic change in the aftermath of COVID-19. The market has been steadily growing, with the growing application of UV based systems. Several innovations also characterize the water treatment industry, and hence the competition is high for UV treatment systems.
The demand for air purifiers is the highest in the residential and commercial sectors. The demand for standalone industrial air purifier units is low as the industrial sector makes the use of HVAC systems with several types of filters and ultraviolet lamps. The germicidal lamp is a proven technology for the destruction of viruses, mold spores, and airborne bacteria. The urban demand for UV air purifier is high on account of high pollution levels and increased awareness of UV radiations.
Hospitals, pharmaceutical and medical device manufacturers, laboratories, semiconductor clean rooms, food and beverage processing industries, and other healthcare institutions are the major end-user of surface disinfection systems. The demand for these systems is high both in commercial and industrial sectors on account of their high efficiency. The ability of UV-based products to disinfect surfaces such as carts, conveyors, and any other equipment of bacteria or other pathogens is also increasing application in the food processing industry.
INSIGHTS BY LOW PRESSURE START TYPE
Preheat UV germicidal lamps are in higher demand than cold cathodes. They are similar to fluorescent lamps in terms of functions. The demand for these lamps is increasing on account of their highly efficient sterilization functionality. Also, on account of low service life, the usage is limited in consumer (residential or light commercial) applications and is instead widely used in HVAC and other air purification applications.
Instant star or slimline UV systems, which are based on cold cathode technology, are less efficient than preheat lamps. However, they have higher service life which increases, their usage in air and surface disinfection systems. Instant start lamps are experiencing high application in light commercial end-user sectors on account of their cost-effectiveness. Also, medium pressure lamps widely utilize cold cathode germicidal lamps. Some of the major applications include walk-in refrigerators (for air sterilization or deodorization) and UV sanitizing chambers.
INSIGHTS BY GEOGRAPHY
North America is expected to lead the global market during the forecast period as the adoption rate is likely to witness a quantum leap in the next five years. The UV germicidal lamp market in North America is expected to grow at a CAGR of over 39% during the forecast period. The demand for germicidal lamps has grown across application categories after the eruption of the COVID-19. The demand, which was primarily restricted to water purification systems, has now observed growth in other sectors, especially the commercial sector in North America. Airports, hospitals, and hospitality sectors have emerged as significant revenue contributors in the aftermath of COVID-19. These segments are expected to provide a major impetus to the germicidal lamp market in North America.
INSIGHTS BY VENDORS
The competitiveness in the market before COVID-19 was high as the growth prospects were growing at a steady pace owing to the increased investment in water and air-based purification systems by end-users. Post COVID-19, the competitive landscape has become more intense as the demand for UV-based and other COVID-19 control measures is in full swing across the world. Therefore, the industry has witnessed several new vendors entering the market, with existing major players scaling up their operations. Growth opportunities for regional and local players also exist as they target low-priced residential products. Currently, the competitive intensity is higher in the APAC region on account of a largely untapped market and also the presence of a large number of vendors and suppliers.
The germicidal lamp market research report includes in-depth coverage of the market dynamics with estimates & forecast in terms of investment and revenue from 2019 to 2025 for the following segments:
Segmentation by Lamp
- Germicidal Mercury Lamp
- Germicidal LED Lamp
- Water Purification
- Air Purification
- Surface Purification
By Low-pressure Start Type
- Instant Start
- Programmed Start
- North America
- South Korea
- Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia