The increasing growth of healthcare and chemical industries are anticipated to provide strong growth opportunities to the UV disinfectant market by 2025.
According to the latest Arizton's market research report, the UV disinfectant market size to reach USD 5.2 billion by 2025, growing at a CAGR of approximately 25% during the forecast period.
UV Disinfectant Market Growth Analysis
Rising demand for safe and clean drinking water, owing to the growing population and falling freshwater resources are some of the factors that are expected to boost the growth of the global UV disinfectant market. The increasing growth of healthcare and chemical industries are anticipated to provide strong growth opportunities to the UV disinfectant market by 2025. An increase in hospital-acquired infections has led to an increase in surgical operations, which is soaring the growth of the surface disinfectant market. Hospitals across North America, especially in the US, are now using automated UV-C light-based surface disinfection systems instead of manual cleaning to prevent the transmission of the coronavirus.
What’s Trending in the Market?
- Danish start-up, UVD Robots produces UV-C disinfection robots for patient rooms, corridors, and other units in hospitals. The robot operates only when people are not around, using its sensors to detect motion and shutting the UV lights off if an individual is around.
- The US-based company Xenex Disinfection Services has created LightStrike robots that use pulsed xenon light to disinfect different hospital areas.
- In September 2019, Genome BC invested USD 1 million in Acuva Technologies for developing UV-LED technology for water purification.
Presence of a large number of disinfection equipment manufacturing companies such as Trojan Technologies, Waste n WaterTech Ltd., Bionest, UV Dynamics, among others, contributes to the market growth in the country. The real estate sectors in Europe are anticipated to witness significant growth in the future with new developments accelerating in terms of technologies and innovations.
- Market Size & Forecast by Revenue | 2019−2025
- Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
- Segmentation – A detailed analysis by application, power rating, end-users, and geography
- Competitive Landscape – 5 Key Company Profiles and 28 Other Prominent Vendors
How are Key Players Staying Ahead of the Competition in the UV Disinfectant Market?
One of the key strategies implemented by the UV disinfectant market players is the introduction of differentiated products and solutions for different application segments. The key manufacturers are offering and expanding their product line-up with the launch of various innovative techniques, thereby gaining an edge. The global UV disinfectant market is primarily driven by the growing demand for ultra-pure water and natural methods for air, water, and waste purification. The growth in industrialization activities in developing countries such as China and India have led to high-level pollution in air and water bodies, which in turn, is expected to influence the growth of the global UV disinfectant market.
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