Commercial UV Water Purifier Market by End-user and Geography - Forecast and Analysis 2022-2026
| Published: Sep 2022 | Pages: 146 | SKU: IRTNTR45089 |
The commercial UV water purifier market share is expected to increase by USD 243.06 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 2.38%.
This market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers commercial UV water purifier market segmentations by end-user (hospitality, food services, education, retail, and others) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The market report also offers information on several market vendors, including American Ultraviolet Inc., Atlantic Ultraviolet Corp., BWT Holding GmbH, Danaher Corp., Davey Water Products Pty Ltd., Ecolab Inc., Envirogard Products Ltd., Eureka Forbes Ltd., EVOQUA WATER TECHNOLOGIES CORP., Glasco Ultraviolet LLC, Halma Plc, Heraeus Holding GmbH, KENT RO Systems Ltd., LUMINOR Environmental Inc., Pentair Plc, Reliant Aqua Ltd., Sterling Water Treatment, SUEZ WTS USA Inc., Wyckomar Inc., and Xylem Inc. among others.
What will the Commercial UV Water Purifier Market Size be During the Forecast Period?
Download Report Sample to Unlock the Commercial UV Water Purifier Market Size for the Forecast Period and Other Important Statistics
Commercial UV Water Purifier Market: Key Drivers, Trends, and Challenges
The increasing health concerns is notably driving the market growth, although factors such as the high maintenance cost of UV units may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the commercial UV water purifier industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Commercial UV Water Purifier Market Driver
The increasing health concerns is one of the factors driving the market growth. Microbial contaminants, such as bacteria, that are commonly present in untreated drinking water affect millions of people every year. Global efforts are directed toward increasing the rate of water reuse for commercial and drinking purposes to tackle the water crisis prevalent across so many regions. Moreover, by focusing on improving the quality of drinking water, the chances of the disease spreading through contaminated water can be brought down. Thus, the growing health concerns have drawn attention toward safer drinking water, which is driving the demand for commercial UV water purifiers.
Key Commercial UV Water Purifier Market Trend
The adoption of LED technology in UV lighting systems is one of the key market trends fueling the market growth. UV light-emitting bulb is one of the most important components of the UV water purifier system. The entire operation of the system is rendered useless without UV bulbs. However, these UV bulbs have issues with reliability. The emergence of LED bulbs as an alternative to UV bulbs has caused quite a stir in the market. Thus, the flexibility in design and the eco-friendly nature of the LED light act as a major advantage over conventional systems.
Key Commercial UV Water Purifier Market Challenge
The high maintenance cost of UV units is one of the key factors challenging the market growth. The lamps that are used to generate UV light for disinfection need to be replaced at short intervals. The intensity of the lamp reduces by over 58% after about one year of continuous use. These lamps, when new, generate a level of dosage near about 60,000 uW-s/cm2. When the effective dosage of the lamp falls to 30,000 uW-s/cm2, the UV lamps are to be replaced with new ones. The lifespan of the lamps reduces if they are turned on and off frequently. Apart from the replacements of the lamps, the performance of the water under UV light is to be monitored and tested for bacteria counts regularly, which increases the overall cost. These factors are expected to hinder the market growth in the forecasted period.
This market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Parent Market Analysis
Technavio categorizes the market as a part of the global household appliances market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market during the forecast period.
Who are the Major Commercial UV Water Purifier Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- American Ultraviolet Inc.
- Atlantic Ultraviolet Corp.
- BWT Holding GmbH
- Danaher Corp.
- Davey Water Products Pty Ltd.
- Ecolab Inc.
- Envirogard Products Ltd.
- Eureka Forbes Ltd.
- EVOQUA WATER TECHNOLOGIES CORP.
- Glasco Ultraviolet LLC
- Halma Plc
- Heraeus Holding GmbH
- KENT RO Systems Ltd.
- LUMINOR Environmental Inc.
- Pentair Plc
- Reliant Aqua Ltd.
- Sterling Water Treatment
- SUEZ WTS USA Inc.
- Wyckomar Inc.
- Xylem Inc.
This statistical study of the market encompasses successful business strategies deployed by the key vendors. The water purifier market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Product Insights and News
- Atlantic Ultraviolet Corp. - Atlantic Ultraviolet Corp. is a privately held company headquartered in the US. It is a regional company, with limited information regarding its financials and limited information regarding its employee strength available. Its revenue from the market contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company.
- Atlantic Ultraviolet Corp. - The company offers commercial UV water purifiers such as Biologic, Mini pure, and Sanitron.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Commercial UV Water Purifier Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
Which are the Key Regions for Commercial UV Water Purifier Market?
For more insights on the market share of various regions Request PDF Sample now!
45% of the market’s growth will originate from North America during the forecast period. The US is the key market for the market in North America. Market growth in this region will be faster than the growth of the market in other regions.
Rapid urbanization will facilitate the market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 had an adverse impact on the regional market. However, there has been a rise in the hygiene and sanitation concerns of consumers due to the COVID-19 pandemic. As a result, the demand for potable water purifiers has increased in 2022. Thus, the increased demand for commercial UV water purifiers and intense competition among key vendors in the region will drive the growth of the regional market during the forecast period.
What are the Revenue-generating End-user Segments in the Commercial UV Water Purifier Market?
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The market share growth by the hospitality segment will be significant during the forecast period. The overall growth of the global hospitality industry is due to the increase in tourism and the continuous economic growth of emerging economies. Travel and tourism, leisure sectors, bars, clubs, amusement parks, hotels, restaurants, and holiday centers form a significant part of the hospitality sector. Significantly, the world of travel and hospitality has entered a new era of growth and transformation. Such factors of the hospitality segment may boost market growth in the near future.
This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on post COVID-19 impact on each segment.
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Commercial UV Water Purifier Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 2.38% |
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Market growth 2022-2026 |
$ 243.06 million |
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Market structure |
Fragmented |
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YoY growth (%) |
1.56 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
North America at 45% |
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Key consumer countries |
US, China, Japan, Germany, and UK |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
American Ultraviolet Inc., Atlantic Ultraviolet Corp., BWT Holding GmbH, Danaher Corp., Davey Water Products Pty Ltd., Ecolab Inc., Envirogard Products Ltd., Eureka Forbes Ltd., EVOQUA WATER TECHNOLOGIES CORP., Glasco Ultraviolet LLC, Halma Plc, Heraeus Holding GmbH, KENT RO Systems Ltd., LUMINOR Environmental Inc., Pentair Plc, Reliant Aqua Ltd., Sterling Water Treatment, SUEZ WTS USA Inc., Wyckomar Inc., and Xylem Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Commercial UV Water Purifier Market Report?
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will drive commercial UV water purifier market growth during the next five years
- Precise estimation of the commercial UV water purifier market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the commercial UV water purifier industry across North America, Europe, APAC, South America, and Middle East and Africa
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of commercial UV water purifier market vendors
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by End-user
- 5.1 Market segments
- Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
- Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)
- 5.2 Comparison by End-user
- Exhibit 26: Chart on Comparison by End-user
- Exhibit 27: Data Table on Comparison by End-user
- 5.3 Hospitality - Market size and forecast 2021-2026
- Exhibit 28: Chart on Hospitality - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Hospitality - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Hospitality - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Hospitality - Year-over-year growth 2021-2026 (%)
- 5.4 Food services - Market size and forecast 2021-2026
- Exhibit 32: Chart on Food services - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Food services - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Food services - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Food services - Year-over-year growth 2021-2026 (%)
- 5.5 Education - Market size and forecast 2021-2026
- Exhibit 36: Chart on Education - Market size and forecast 2021-2026 ($ million)
- Exhibit 37: Data Table on Education - Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Chart on Education - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Education - Year-over-year growth 2021-2026 (%)
- 5.6 Retail - Market size and forecast 2021-2026
- Exhibit 40: Chart on Retail - Market size and forecast 2021-2026 ($ million)
- Exhibit 41: Data Table on Retail - Market size and forecast 2021-2026 ($ million)
- Exhibit 42: Chart on Retail - Year-over-year growth 2021-2026 (%)
- Exhibit 43: Data Table on Retail - Year-over-year growth 2021-2026 (%)
- 5.7 Others - Market size and forecast 2021-2026
- Exhibit 44: Chart on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 45: Data Table on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 46: Chart on Others - Year-over-year growth 2021-2026 (%)
- Exhibit 47: Data Table on Others - Year-over-year growth 2021-2026 (%)
- 5.8 Market opportunity by End-user
- Exhibit 48: Market opportunity by End-user ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 50: Chart on Market share by geography 2021-2026 (%)
- Exhibit 51: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 52: Chart on Geographic comparison
- Exhibit 53: Data Table on Geographic comparison
- 7.3 North America - Market size and forecast 2021-2026
- Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.4 Europe - Market size and forecast 2021-2026
- Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.5 APAC - Market size and forecast 2021-2026
- Exhibit 62: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.6 South America - Market size and forecast 2021-2026
- Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 70: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.8 US - Market size and forecast 2021-2026
- Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.9 China - Market size and forecast 2021-2026
- Exhibit 78: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.10 Germany - Market size and forecast 2021-2026
- Exhibit 82: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 83: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 84: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on Germany - Year-over-year growth 2021-2026 (%)
- 7.11 UK - Market size and forecast 2021-2026
- Exhibit 86: Chart on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 87: Data Table on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 88: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 89: Data Table on UK - Year-over-year growth 2021-2026 (%)
- 7.12 Japan - Market size and forecast 2021-2026
- Exhibit 90: Chart on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 91: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 92: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 93: Data Table on Japan - Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 94: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- 8.3 Impact of drivers and challenges
- Exhibit 95: Impact of drivers and challenges in 2021 and 2026
- 8.4 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 96: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 97: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 98: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 99: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 100: Matrix on vendor position and classification
- 10.3 Atlantic Ultraviolet Corp.
- Exhibit 101: Atlantic Ultraviolet Corp. - Overview
- Exhibit 102: Atlantic Ultraviolet Corp. - Product / Service
- Exhibit 103: Atlantic Ultraviolet Corp. - Key offerings
- 10.4 BWT Holding GmbH
- Exhibit 104: BWT Holding GmbH - Overview
- Exhibit 105: BWT Holding GmbH - Product / Service
- Exhibit 106: BWT Holding GmbH - Key offerings
- 10.5 Danaher Corp.
- Exhibit 107: Danaher Corp. - Overview
- Exhibit 108: Danaher Corp. - Business segments
- Exhibit 109: Danaher Corp. - Key news
- Exhibit 110: Danaher Corp. - Key offerings
- Exhibit 111: Danaher Corp. - Segment focus
- 10.6 Ecolab Inc.
- Exhibit 112: Ecolab Inc. - Overview
- Exhibit 113: Ecolab Inc. - Business segments
- Exhibit 114: Ecolab Inc. - Key news
- Exhibit 115: Ecolab Inc. - Key offerings
- Exhibit 116: Ecolab Inc. - Segment focus
- 10.7 EVOQUA WATER TECHNOLOGIES CORP.
- Exhibit 117: EVOQUA WATER TECHNOLOGIES CORP. - Overview
- Exhibit 118: EVOQUA WATER TECHNOLOGIES CORP. - Business segments
- Exhibit 119: EVOQUA WATER TECHNOLOGIES CORP. - Key news
- Exhibit 120: EVOQUA WATER TECHNOLOGIES CORP. - Key offerings
- Exhibit 121: EVOQUA WATER TECHNOLOGIES CORP. - Segment focus
- 10.8 Halma Plc
- Exhibit 122: Halma Plc - Overview
- Exhibit 123: Halma Plc - Business segments
- Exhibit 124: Halma Plc - Key news
- Exhibit 125: Halma Plc - Key offerings
- Exhibit 126: Halma Plc - Segment focus
- 10.9 LUMINOR Environmental Inc.
- Exhibit 127: LUMINOR Environmental Inc. - Overview
- Exhibit 128: LUMINOR Environmental Inc. - Product / Service
- Exhibit 129: LUMINOR Environmental Inc. - Key offerings
- 10.10 Pentair Plc
- Exhibit 130: Pentair Plc - Overview
- Exhibit 131: Pentair Plc - Business segments
- Exhibit 132: Pentair Plc - Key news
- Exhibit 133: Pentair Plc - Key offerings
- Exhibit 134: Pentair Plc - Segment focus
- 10.11 SUEZ WTS USA Inc.
- Exhibit 135: SUEZ WTS USA Inc. - Overview
- Exhibit 136: SUEZ WTS USA Inc. - Product / Service
- Exhibit 137: SUEZ WTS USA Inc. - Key offerings
- 10.12 Xylem Inc.
- Exhibit 138: Xylem Inc. - Overview
- Exhibit 139: Xylem Inc. - Business segments
- Exhibit 140: Xylem Inc. - Key offerings
- Exhibit 141: Xylem Inc. - Segment focus
11 Appendix
- 11.1 Scope of the report
- 11.2 Inclusions and exclusions checklist
- Exhibit 142: Inclusions checklist
- Exhibit 143: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 144: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 145: Research methodology
- Exhibit 146: Validation techniques employed for market sizing
- Exhibit 147: Information sources
- 11.5 List of abbreviations
- Exhibit 148: List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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commercial uv water purifier market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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