FOR IMMEDIATE RELEASEPressnews.biz (Press Release) Dec 30, 2014 -- UV Disinfection Equipment Market - Size, Industry Analysis, Trends, Growth, and Forecast, 2013-2020, the global UV disinfection equipment market has a potential to reach $2.8 billion by 2020, registering a CAGR of 15.3% during 2014-2020. The present progress witnessed in the market is due to the growing environmental concerns, toxicity of industrial water wastes, and the shrinking freshwater sources. Wastewater treatment through UV disinfection equipment should garner almost 1/3rd of the global market by 2020. Presently, the water treatment application has the highest market share, as it is a volume-driven application. North America holds nearly 40% of the market as the technology is widely used in the region. However, chemical-based water disinfectants are still prevalent in the developing regions, especially among numerous municipal corporations. Acceptance of UV based technology in these regions would eventually add to the growth of the market in APAC and LAMEA.UV disinfection is evolving as the latest technology in the water treatment industry. Replacement of chlorine-based disinfection with advanced disinfection techniques (UV and ozone being two major technologies) is the key trend boosting the adoption of UV technology. Low installation and operational cost, along with residue-less functioning, and ease of maintenance are the key propellants of UV disinfection market. Moreover, UV nearly doubles the operational efficiency (in terms of time required to disinfect water) in water treatment, compared to chlorine based disinfection techniques. The growth of the healthcare and chemical industry is creating tremendous opportunities for the UV disinfection equipment market. However, widespread use of chlorine based low-cost disinfection method is a major restraint for the market.
|Issued By||:||Mr. Amitava Sen|
|Website||:||Market Research Reports, Inc.|
|Business Address||:||15192 Coastal Hwy, Lewes, DE 19958, USA Fax- +91-80-26860844
|Tags||:||Manufacturing, Machinery, market research reports|
|Last Updated||:||Dec 30, 2014|
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