UV Disinfection Equipment Market worth $9.1 billion by 2027
The UV disinfection equipment market is projected to grow from USD 5.0 billion in 2022 to USD 9.1 billion by 2027; it is expected to grow at a CAGR of 12.5% from 2022 to 2027.
The key factors fueling the growth of this market include extensive use of UV disinfection equipment in healthcare facilities for disinfecting hospital environment, increasing demand for UV disinfection equipment to combat COVID-19 pandemic, intensifying concerns regarding safe drinking water in emerging countries, and long life and low power consumption of UVC LED-based UV disinfection equipment.
The market for UV lamps is projected to grow at the highest CAGR during the forecast period. UV lamps are core components of UV disinfection equipment. The major factor contributing to the growth of this segment is the high adoption of UV LEDs in UV disinfection equipment. UV LEDs offer the advantages of longer life expectancy and lower power consumption, which has favored their adoption on a large scale. UV lamps have a lifetime of 8,000 to 10,000 hours or 1 year, whereas UV LEDs can achieve 25,000, 40,000, or even 100,000 hours. Most of the UV disinfection systems in the market come with annual lamp replacement to ensure reliable disinfection performance. UV disinfection equipment used in industrial and municipal applications employ multiple UV lamps in a single system, which is expected to drive the market for UV lamps in the near future.
The key factors fueling the growth of this market include extensive use of UV disinfection equipment in healthcare facilities for disinfecting hospital environment, increasing demand for UV disinfection equipment to combat COVID-19 pandemic, intensifying concerns regarding safe drinking water in emerging countries, and long life and low power consumption of UVC LED-based UV disinfection equipment.
The market for UV lamps is projected to grow at the highest CAGR during the forecast period. UV lamps are core components of UV disinfection equipment. The major factor contributing to the growth of this segment is the high adoption of UV LEDs in UV disinfection equipment. UV LEDs offer the advantages of longer life expectancy and lower power consumption, which has favored their adoption on a large scale. UV lamps have a lifetime of 8,000 to 10,000 hours or 1 year, whereas UV LEDs can achieve 25,000, 40,000, or even 100,000 hours. Most of the UV disinfection systems in the market come with annual lamp replacement to ensure reliable disinfection performance. UV disinfection equipment used in industrial and municipal applications employ multiple UV lamps in a single system, which is expected to drive the market for UV lamps in the near future.
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