Healthy Outlook for the Global UV Disinfection Market

Amid the COVID-19 crisis, the global market for UV Disinfection estimated at US$4.4 Billion in the year 2022, is projected to reach a revised size of US$8 Billion by 2026, growing at a CAGR of 17.8% over the analysis period. UV Lamps, one of the segments analyzed in the report, is projected to grow at a 19.8% CAGR to reach US$4 Billion by the end of the analysis period. 

After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Ballasts / Controller Units segment is readjusted to a revised 16.4% CAGR for the next 7-year period. This segment currently accounts for a 22.1% share of the global UV Disinfection market. The controller unit segment is likely to continue holding the leading position since controller units are responsible for managing the UV lamps' entire electrical output; and the UV lamps are utilized for UV disinfection equipment. The controller unit is also responsible for powering the lamp for producing UV-C light for disinfecting water.

The UV Disinfection market in the U.S. is estimated at US$1.2 Billion in the year 2022. The country currently accounts for a 28.4% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$1.9 Billion in the year 2026 trailing a CAGR of 22.4% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 15.2% and 15.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 15.2% CAGR while Rest of European market (as defined in the study) will reach US$2.3 Billion by the end of the analysis period. 

North America accounts for a key share in the market due to increasing concerns linked to health and environmental impacts pertaining to disinfection; increasing incidence of chronic diseases and pandemic diseases that include H1N1; increasing aging population; increasing concern regarding environmental pollution; and increased demand pertaining to UV extensive technology in various end-use industries such as water and wastewater treatment industry, and the food and beverage industry. The Asia-Pacific market is gaining from increasing attention of people on water and food hygiene, a major concern that has gained notable traction amid the COVID-19 crisis.