
Published On: Jan 2024
Published On: Jan 2024
At 15.7% CAGR, the Asia Pacific UV Disinfection Equipment Market is Projected to be Worth US$ 4,085.39 Million by 2030, says The Business Market Insights
According to the Business Market Insights’ research, the Asia Pacific UV disinfection equipment market was valued at US$ 1,276.02 million in 2022 and is expected to reach US$ 4,085.39 million by 2030, registering a CAGR of 15.7% from 2022 to 2030. Rise in use in healthcare facilities and growing demand for ultrapure water are among the critical factors attributed to the Asia Pacific UV disinfection equipment market expansion.
Ultrapure water contains only H2O molecules, and hydrogen and hydroxyl (H+ and OH–) ions in equilibrium; it is processed to meet rigorous requirements and eliminate the ions other than the abovementioned ones. UV disinfection systems are used to decrease total organic carbon (TOC) levels, eliminate chlorine/chloramine, and ozone, and lower microbial load of water. UV-based disinfection systems are preferred for obtaining ultrapure water due to their efficiency, dependability, and short operating time. Ultrapure water has important applications in pharmaceuticals, solar photovoltaics, semiconductor device fabrication, and power generation industries. It is used to generate steam to drive steam turbines in the power industry.
Ultrapure water is used as a cleaning agent in pharmaceutical facilities and as an ingredient in products that require water free of microbes, endotoxins, and viruses. Research and development spending has enormously increased across the world. The growing number of research and testing facilities in the pharmaceutical and biotechnology industries is contributing to the demand for laboratory analysis techniques and equipment, such as reagents, chromatography instruments, and other consumables. The use of ultrapure water to verify results in research and development facilities fuels the UV disinfection equipment market.
Ultrapure water is used as a cleaning agent in semiconductor plants to prevent microchip failures. According to Semiconductor Industry Association (SIA), the global semiconductor industry sales increased by 0.3% in April 2023 compared to March 2023. Therefore, the demand for ultrapure water rises with the progress of the semiconductor industry. Thus, an upsurge in the demand for ultrapure water in different industries favors the growth of the UV disinfection equipment market.
On the contrary, high cost of UV disinfection equipment compared to conventional systems hurdles the growth of Asia Pacific UV disinfection equipment market.
Based on component, the Asia Pacific UV disinfection equipment market is segmented into UV lamps, reactor chambers, quartz sleeves, control units, and others. The UV lamps segment held 45.0% share of Asia Pacific UV disinfection equipment market in 2022, amassing US$ 574.68 million. It is projected to garner US$ 1,779.84 million by 2030 to expand at 15.2% CAGR during 2022–2030.
Based on power rating, the Asia Pacific UV disinfection equipment market is segmented into low, medium, and high. The medium segment held 51.2% share of Asia Pacific UV disinfection equipment market in 2022, amassing US$ 653.70 million. It is projected to garner US$ 2,105.79 million by 2030 to expand at 15.7% CAGR during 2022–2030.
Based on application, the Asia Pacific UV disinfection equipment market is segmented water disinfection, air disinfection, and surface disinfection. The water disinfection segment held 48.9% share of Asia Pacific UV disinfection equipment market in 2022, amassing US$ 623.76 million. It is projected to garner US$ 1,853.07 million by 2030 to expand at 14.6% CAGR during 2022–2030. The water disinfection segment is further subsegmented into wastewater treatment plants market and aquaculture market.
Based on end users, the Asia Pacific UV disinfection equipment market is segmented into residential, commercial, industrial, and municipal. The municipal segment held 43.5% share of Asia Pacific UV disinfection equipment market in 2022, amassing US$ 554.70 million. It is projected to garner US$ 1,864.90 million by 2030 to expand at 16.4% CAGR during 2022–2030.
Based on country, the Asia Pacific UV disinfection equipment market has been categorized into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 33.4% share of Asia Pacific UV disinfection equipment market in 2022. It was assessed at US$ 425.94 million in 2022 and is likely to hit US$ 1,523.85 million by 2030, exhibiting a CAGR of 17.3% during 2022–2030.
Key players operating in the Asia Pacific UV disinfection equipment market are Xylem Inc, Halma plc, Kuraray Co Ltd, and Dr. Hönle AG, among others.
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