Global UV Disinfection Equipment Market will Grow at a CAGR of 14.1% from 2013 to 2019 by PMR
Increasing global health concerns due to the spurt in urbanization and increasing level of industrialization are driving the UV disinfection equipment market globally.
New York, United States – July 15, 2015 /MarketersMedia/ —
Persistence Market Research (PMR) has published a new market study, titled “Global Market Study on UV Disinfection Equipment: Waste Water Segment to Witness Highest Growth by 2019”. PMR states that the global UV disinfection equipment market stood at US$993.4 million in 2012 and is expected to have a valuation of US$2.5 billion in 2019, growing at a CAGR of 14.1% from 2013 to 2019.
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According to the report, worldwide, rising urbanization and industrialization have increased pollution levels, giving rise to health concerns among the global population. To address such problems and to ensure improved sanitation and healthy living conditions, governments all over the world have increased expenditure to switch from traditional techniques to newer public health safety systems.
To keep up with such upgrades, municipalities are switching from chlorine-based disinfection systems to UV-based disinfection, hence driving demand for UV disinfection equipment market.Low installation and operation cost, easy maintenance, and residue-free functioning are some of the advantages associated with UV disinfection equipment, which make it a viable solution for public health safety practices.UV treatment works in about 6-10 seconds, whereas chlorine treatment takes 15-20 minutes, which also saves treatment time considerably.
Government initiatives, predominantly in developing countries,to safeguard the provision of safe drinking water for citizens and use of ozone and UV disinfection in combination to create barriers for disease-causing microorganisms hold significant promise for the global UV disinfection equipment market.
UV disinfection and ozone are used to build multi-layer barriers for Cryptosporidium(genus of protozoans that cause diarrhea and other gastrointestinal conditions) and Giardia(a genus of protozoan parasites that cause Giardiasis).
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In the U.S., the Environmental Protection Agency mandates the Long Term (LT2) Surface Water Treatment statute, according to which all public water systems sourced from surface water or ground water, which is directly influenced by surface water, need to reduce Cryptosporidium from water sources by 2-logs (99%). Cryptosporidium microbes are chlorine-resistant, which opens opportunities for microfiltration, UV disinfection, and ozonation.
Using ozone in isolation, the average cost of Cryptosporidium inactivation is US$8.1 million, whereas it costs US$4.6 million if ozone and UV are used in combination. Likewise, the annual operation and maintenance cost of ozone-based water disinfection units is US$460,000 while it costs US$60,000 for a water disinfection setup that uses a combination of UV and ozone. Being economical in terms of both cost and time, UV treatment is gaining popularity, which is favorable for the UV disinfection equipment market, according to the report.
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Additionally, the fast growth of the chemical and healthcare industries opens up opportunities for the air and surface segments of the overall UV disinfection market.
About PMR:
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