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The global market for UV disinfection equipment is characterized by a high level of consolidation. The strong presence of the main market players ensures that new players do not find an easy way to enter the market. Despite the dominance of giant players, smaller players are also operating in the market, although their reach is limited to the local territory. It is expected that the major market players will acquire the smaller ones in order to extend their geographic reach. In addition, the acquisition of smaller players also helps to penetrate regional markets and gives an intact consumer base to the companies.
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The top four players to know. Severn Trent Plc, GE Lighting, Xylem Inc. and Calgon Carbon Corp. collectively held 55% of the total market share in 2016. Another key feature of the competitive landscape is the presence of a large number of private companies compared to public companies. The main players in the market have focused on the development and design of better equipment and devices. Bringing key innovations into the product portfolio should be a key strategy for market players who want to capture the reins of the market. Rapid technological progress should help market participants to implement their strategies and reforms with a high level of precision.
TMR estimates that the global market for UV disinfection equipment would expand to an astral CAGR of 17.40% over the period 2017 and 2025. The market generated a total sales figure of 1 , $ 62 billion in 2016 and is expected to reach $ 6.73 billion by 2025. According to the use of UV disinfectant equipment, the water treatment area and the wastewater should have the highest share among all other segments in this category.
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L' green approach to water purification boosts demand [19659004] The world is undergoing a severe environmental crisis in which there is a need for green and efficient techniques for water purification. The scarcity of freshwater reserves has forced international and national authorities to reuse the available water after having purified it. As a result, the global market for UV disinfection equipment is expected to attract significant demand in the coming years. In addition, the growing awareness of the benefits of UV disinfection technology has also benefited the global market. When treating water plans, it is important to ensure that aquatic life is not affected. As UV disinfection techniques can help achieve this goal, market demand has reached new heights in recent times.
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Transparency Market Research (TMR) is a global market information company. The company's proprietary blend of quantitative forecasting and trend analysis provides forward-looking information to thousands of decision makers. The experienced team of TMR analysts, researchers and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
The TMR Data Repository is continually updated and revised by a team of experts. and information. Through its extensive research and analysis capabilities, Transparency Market Research uses rigorous primary and secondary research techniques to develop distinct data sets and research papers for business reports
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