The Rapidly Growing Water Purifying Industry Is Anticipated To Open Up New Avenues For The c
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| UV Lamps Market |
The UV Lamps Market is estimated to be valued at US$ 741.3 Mn in 2023 and is expected to exhibit a CAGR of 45.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
UV lamps are used in various water purifying applications such as municipal
water treatment, residential and commercial water treatment, and ballast water
treatment. They help kill bacteria and other microorganisms by disrupting their
DNA. UV lamps are also used in air disinfection applications. Key players offer
various UV lamp types such as low pressure lamps, medium pressure lamps, and
amalgum UV lamps.
Market Dynamics:
Growing concerns regarding waterborne diseases coupled with stringent
regulations regarding water treatment are driving the adoption of UV disinfection
systems. The rising demand for safe drinking water from the growing population
is also propelling the UV lamps market growth. Furthermore, increasing
awareness about indoor air quality is augmenting the demand for UV lamps in air
disinfection applications. However, the availability of alternative
disinfection methods such as chlorine may hinder the market growth.
Segment Analysis
The global UV Lamps market is dominated by the mercury lamps segment which
captures around 60% of the overall market share. Mercury lamps are widely
preferred for water disinfection applications due to their ability to emit
wavelengths required to inactivate microorganisms effectively. These lamps also
offer high output, durability and require low maintenance.
PEST Analysis
Political: The government regulations regarding water disinfection have become
stringent over the years which is positively impacting the market growth. Most
nations have made it mandatory to disinfect water before public supply and
consumption.
Economic: The rising incomes and growing industrialization in developing
economies is propelling the demand for UV lamps from sectors like water
treatment, healthcare and food processing.
Social: Increasing awareness among people about water-borne diseases and importance
of clean water is driving the adoption of advanced purification technologies
like UV disinfection.
Technological: Continuous innovation in UV lamp technologies is helping to
achieve higher power output, more effectiveness and energy efficiency. Introduction
of LED UV lamps is also gaining popularity.
Key Takeaways
Global
UV Lamps Market Demand is expected to witness high growth, exhibiting CAGR of 45% over the forecast period,
due to increasing concerns over clean water for consumption and industrial use.
The market size for 2023 is estimated to be US$ 741.3 Mn.
The Asia Pacific region dominated the global market in 2022 and is projected to
maintain its lead during the forecast period. Factors such as rising industrial
water usage, growing population and rapid urbanization in countries like China
and India are driving the huge demand.
Key players operating in the UV Lamps market are Xylem Inc., Atlantic
Ultraviolet Corporation, Calgon Carbon Corporation, Halma PLC, Trojan
Technologies Inc., Heraeus Holding Gmbh, Xenex Disinfection Services LLC,
Severn Trent PLC, OSRAM Gmbh, and Koninklijke Philips N.V. Innovation and
expansion into emerging markets through strategic partnerships is the focus of
major players to consolidate their market shares.
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