Ultraviolet Germicidal Irradiation (UVGI) is projected to reach a revised size of US$1.1 Billion by 2030
The global market for Ultraviolet Germicidal Irradiation (UVGI) estimated at US$454.4 Million in the year 2022, is projected to reach a revised size of US$1.1 Billion by 2030, growing at a CAGR of 11.3% over the analysis period 2022-2030.
Air Disinfectant, one of the segments analyzed in the report, is projected to record 11.5% CAGR and reach US$940.6 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Surface Disinfectant segment is readjusted to a revised 9.7% CAGR for the next 8-year period.
The U.S. Market is Estimated at $149.1 Million, While China is Forecast to Grow at 13.8% CAGR
The Ultraviolet Germicidal Irradiation (UVGI) market in the U.S. is estimated at US$149.1 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$127.3 Million by the year 2030 trailing a CAGR of 13.8% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.6% and 9.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 10% CAGR.
Air Disinfectant, one of the segments analyzed in the report, is projected to record 11.5% CAGR and reach US$940.6 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Surface Disinfectant segment is readjusted to a revised 9.7% CAGR for the next 8-year period.
The U.S. Market is Estimated at $149.1 Million, While China is Forecast to Grow at 13.8% CAGR
The Ultraviolet Germicidal Irradiation (UVGI) market in the U.S. is estimated at US$149.1 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$127.3 Million by the year 2030 trailing a CAGR of 13.8% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.6% and 9.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 10% CAGR.
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