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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.
Download Report Sample to Unlock the Commercial UV Water Purifier Market Size for the Forecast Period and Other Important Statistics
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.
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.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
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.
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.
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.
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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.
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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.
Commercial UV Water Purifier Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 2.38% |
Market growth 2022-2026 |
$ 243.06 million |
Market structure |
Fragmented |
YoY growth (%) |
1.56 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 45% |
Key consumer countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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. |
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. |
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. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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