Ultraviolet (UV) Disinfection Global Market To Reach $12.9 Billion By 2030: UV Disinfection Presents Intriguing Alternative To Chlorine For Water Treatment Units
Jan 09, 2024
The global market for Ultraviolet (UV) Disinfection estimated at US$4.7 Billion in the year 2022, is projected to reach a revised size of US$12.9 Billion by 2030, growing at a CAGR of 13.4% over the analysis period 2022-2030.
UV Lamps, one of the segments analyzed in the report, is projected to record a 14.6% CAGR and reach US$5.4 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Ballasts / Controller Units segment is readjusted to a revised 12.9% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.2 Billion, While China is Forecast to Grow at 16.2% CAGR
The Ultraviolet (UV) Disinfection market in the U.S. is estimated at US$1.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2.8 Billion by the year 2030 trailing a CAGR of 16.2% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.5% and 11.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 11.2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2 Billion by the year 2030.
