The UV Lamps Market is estimated to be valued at US$ 741.3 Mn in 2023 and is expected to exhibit a CAGR of 45% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Ultraviolet (UV) lamps generate UV light used for various applications such as wastewater disinfection, water purification, thin-film curing, sterilization, tanning etc. UV lamps are used in residential, commercial and industrial settings to kill bacteria and viruses in water and air. There are three main types of UV lamps used- UV lamps A, UV lamps B and UV lamps C. Among these, UV lamps C is commonly used for wastewater treatment, municipal drinking water disinfection, swimming pool and spa disinfection.
Market Dynamics:
The growing concerns regarding waterborne diseases and environment protection are the major drivers for the Uv Lamps Market. According to WHO, over 2 million people die annually from diarrheal diseases, which are majorly caused due to contaminated water. UV lamps are highly effective in disinfecting the water and kill viruses, bacteria and other pathogens at relatively lower costs than chemicals. Also, stringent government regulations regarding wastewater discharge standards are compelling industries and municipal corporations to invest in advanced wastewater disinfection technologies. For instance, in US and Europe, it is mandatory for all water and wastewater treatment plants to disinfect using ultraviolet technology. The emergence of mercury-free UV lamps and integrated UV disinfection systems with energy efficient features are bringing innovations in the market and expected to fuel the industry growth over the forecast period.
Segment Analysis
The UV disinfection segment dominates the Uv lamps market and accounted for over 60% share in 2022. UV lamps are extensively used for disinfecting water and air. The rising concerns of waterborne diseases and airborne infections have augmented the demand for UV disinfection systems using UV lamps. The technological advancements have improved the efficiency and effectiveness of UV lamps used for disinfecting purposes. The strict regulations regarding water disinfection have compelled industries and municipalities to invest in UV disinfection systems, thereby driving the UV lamps market.
Pest Analysis
Political: Presence of favorable government policies and regulations regarding water disinfection and pollution control have boosted the adoption of advanced UV lamp based disinfection systems. Economic: Increasing supply and demand of UV lamps, driven by growing water scarcity and the need for clean water sources have accelerated the market growth. Rapid industrialization and urbanization has augmented the installations of UV disinfection systems. Social: Rising health awareness and growing concerns over waterborne and airborne infectious diseases have positively impacted the UV lamps market. Technological: Advancements in lamp materials, ballasts, and manufacturing technologies have improved the performance and lower the operational costs of UV lamps.
Key Takeaways
Global UV Lamps Market Demand is expected to witness high growth, exhibiting b over the forecast period, due to increasing adoption of UV disinfection systems for water and air treatment applications.
The Asia Pacific region is estimated to dominate the UV lamps market during the forecast period. Factors such as rapid industrialization and urbanization, rising health concerns, and growing focus on water purification are driving the market growth in the region. The growing installed base of water and wastewater treatment plants will augment the demand for UV lamps in Asia Pacific.
Key players operating in the UV lamps market are Xylem Inc., Atlantic Ultraviolet Corporation, Calgon Carbon Corporation, Halma PLC, Trojan Technologies Inc., Heraeus Holding Gmbh, Xenex Disinfection Services LLC, Severn Trent PLC, OSRAM Gmbh, and Koninklijke Philips N.V. Among these, Philips, OSRAM, and Halma collectively account for over 30% of the global market share due to their vast portfolio of UV lamp products and wide geographical presence across major regions.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
