
Published On: Jan 2024
Published On: Jan 2024
At 14.0% CAGR, the Europe UV Disinfection Equipment Market is Projected to be Worth US$ 4,056.16 million by 2030, says The Business Market Insights
According to the Business Market Insights’ research, the Europe UV disinfection equipment market was valued at US$ 1,421.42 million in 2022 and is expected to reach US$ 4,056.16 million by 2030, registering a CAGR of 14.0% from 2022 to 2030. Rise in use in healthcare facilities and growing demand for ultrapure water are among the critical factors attributed to the Europe UV disinfection equipment market expansion.
Public water and wastewater treatment operations are crucial to prevent several health hazards caused by water usage. Diarrhea is one most common disease affecting children, which may harm their cognitive and overall development. According to the Centers for Disease Control and Prevention (CDC), ~88% of diarrhea-associated deaths are caused by unsafe water, inadequate sanitation, and insufficient hygiene. As per Our World in Data, nearly 1.5 million people died from diarrheal diseases in 2019. Due to the increasing risk of water-borne diseases the demand for UV disinfection equipment is expected to increase in the near future.
The global population increased by over 6 billion people in the last 30 years. Thus, rising urbanization and a growing population are crucial factors that are expected to trigger the adoption of UV disinfection equipment in the coming years as a more effective and safer alternative to conventional water purification techniques. Therefore, the use of UV disinfection systems to treat water and wastewater for residential, commercial, industrial, and municipal applications is gaining traction due to its environmentally friendly operations, which creates opportunities for the market players.
On the contrary, high cost of UV disinfection equipment compared to conventional systems hurdles the growth of Europe UV disinfection equipment market.
Based on component, the Europe UV disinfection equipment market is segmented into UV lamps, reactor chambers, quartz sleeves, control units, and others. The UV lamps segment held 43.6% share of Europe UV disinfection equipment market in 2022, amassing US$ 619.85 million. It is projected to garner US$ 1,705.59 million by 2030 to expand at 13.5% CAGR during 2022–2030.
Based on power rating, the Europe UV disinfection equipment market is segmented into low, medium, and high. The medium segment held 50.5% share of Europe UV disinfection equipment market in 2022, amassing US$ 717.94 million. It is projected to garner US$ 2,064.88 million by 2030 to expand at 14.1% CAGR during 2022–2030.
Based on application, the Europe UV disinfection equipment market is segmented water disinfection, air disinfection, and surface disinfection. The water disinfection segment held 47.1% share of Europe UV disinfection equipment market in 2022, amassing US$ 669.47 million. It is projected to garner US$ 1,771.96 million by 2030 to expand at 12.9% CAGR during 2022–2030. The water disinfection segment is further subsegmented into wastewater treatment plants market and aquaculture market.
Based on end users, the Europe UV disinfection equipment market is segmented into residential, commercial, industrial, and municipal. The municipal segment held 46.9% share of Europe UV disinfection equipment market in 2022, amassing US$ 667.17 million. It is projected to garner US$ 1,995.49 million by 2030 to expand at 14.7% CAGR during 2022–2030.
Based on country, the Europe UV disinfection equipment market has been categorized into Germany, the UK, France, Italy, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 24.5% share of Europe UV disinfection equipment market in 2022. It was assessed at US$ 348.21 million in 2022 and is likely to hit US$ 1,071.10 million by 2030, exhibiting a CAGR of 15.1% during 2022–2030.
Key players operating in the Europe UV disinfection equipment market are Xylem Inc, Halma plc, Kuraray Co Ltd, and Dr. Hönle AG, among others.
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