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Providing Wireless Connectivity to Fuel Growth in the UV Disinfection Equipment Market

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Lucy Kart
Providing Wireless Connectivity to Fuel Growth in the UV Disinfection Equipment Market

The global UV Disinfection Equipment Market is estimated to be valued at US$ 4.19 Bn or billion in 2023 and is expected to exhibit a CAGR of 16% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

UV disinfection equipment uses ultraviolet light to kill or inactivate microorganisms by destroying nucleic acids and disrupting their DNA, leaving them unable to perform vital cellular functions. It is used across various end use industries such as municipal, healthcare facilities, food and beverage etc. to disinfect water and air. UV disinfection provides an effective and chemical-free solution for disinfecting water and wastewater. It has minimal effects on the environment and produces no disinfection by-products. These advantages have increased their adoption over traditional chemicals disinfection methods.

Market key trends:

One of the major trend gaining traction in the UV disinfection equipment market is growing adoption of wireless connectivity options. Manufacturers are offering equipment with integrated wireless connectivity and remote monitoring capabilities. This allows users to monitor system performance in real time using mobile applications or web portals from any location. For instance, Trojan Technologies offers its ultraviolet disinfection system with optional TruPortal wireless connectivity that enables remote monitoring of lamp status, flow rates and other system parameters. Similarly, Severn Trent incorporated wireless connectivity in its UV disinfection equipment using IoT technologies. This trend is expected to further increase over the forecast period as users demand for more automation and control over disinfection systems.

Porter’s Analysis

Threat of new entrants: The UV disinfection equipment market requires high initial investment for R&D, manufacturing facilities, and marketing & distribution channels. Strict regulations further increase barriers.

Bargaining power of buyers: Buyers have moderate bargaining power due to the availability of numerous global and regional players offering diverse UV disinfection equipment. However, switching costs are relatively high.

Bargaining power of suppliers: A few global players dominate the supply of key components like UV lamps and controllers. This provides them some bargaining power over equipment manufacturers.

Threat of new substitutes: No close substitutes exist for UV disinfection. However, alternatives like chemical disinfection, membranes, and other physical disinfection methods offer competition.

Competitive rivalry: The market is competitive due to the presence of numerous global and regional players. Companies compete based on product performance, energy efficiency, and service.

Key Takeaways

Global UV Disinfection Equipment Market Size is expected to witness high growth, exhibiting CAGR of 16% over the forecast period, due to increasing water scarcity and stringent regulations regarding water treatment.

Regional analysis: North America dominated the market in 2023 and is expected to continue its dominance owing to stringent regulations regarding reuse of wastewater. Asia Pacific is anticipated to grow at the fastest pace during the forecast period due to increasing investments toward water treatment infrastructures in developing nations such as China and India.

Key players operating in the UV disinfection equipment market are Severn Trent Plc, Calgon Carbon Corporation, Xylem Inc., Trojan Technologies, General Lighting, Aquionics, Atlantium Technologies Ltd., Atlantic Ultraviolet Corporation, FirstLight Technologies Ltd., Green Water Technologies, Enaqua, Advanced UV, Inc., Hydro, Photon, makers of SteriPEN, and Enaqua. Trojan Technologies maintains a significant share due to its wide distribution network and innovative UV disinfection systems for a variety of applications. 



Read More- https://www.trendingwebwire.com/uv-disinfection-equipment-market-outlook-and-overview/ 

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