by UV lamps enable purification of water and air by using short-wavelength ultraviolet light to kill bacteria and viruses. Their effectiveness and lower operating costs compared to other disinfection methods have made them a popular choice for residential and commercial water treatment. The growing demand for safe drinking water and increasing awareness about airborne infections are expected to drive further growth of the UV lamps market.
The Global UV Lamps Market is estimated to be valued at US$ 853.98 Bn in 2024 and is expected to exhibit a CAGR of 9.8% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the UV lamps market are ACCO Brands Corp, dnp denmark as, Draper Inc, Elite Screens Inc, Glimm Screens BV, Grandview Crystal Screen Co. Ltd., Groupe Adeo, Harkness Screens International Ltd, Legrand SA, Pioneer Audio Visual Equipment, Pyle USA Sound Around Inc, Remaco Technologies Pte Ltd., Screen Innovations, Seiko Epson Corp., Severtson Screens.
The growing demand for safe drinking water from residential and commercial sectors is expected to drive market growth over the forecast period. Regulations regarding water treatment are also increasing globally which will contribute to market expansion.
Increasing awareness of airborne infections and need for sterilization of healthcare facilities is propelling the demand for UV lamps Market Size. Key players are focusing on geographic expansion and product innovations to capitalize on untapped growth potential in developing markets.
Market Key Trends
The increasing use of UV lamps for water treatment applications is one of the key trends in the market. They are widely used for disinfection of municipal and bottled water as they remove pathogens effectively without adding any chemicals. Growing concerns regarding water safety are driving the adoption of UV disinfection systems equipped with UV lamps. Additionally, technological innovations including amalgam UV lamps offering higher effectiveness and mercury-free LED UV lamps with longer lifespan are expected to boost the UV lamps market in coming years.
Porter’s Analysis
Threat of new entrants: Low barrier to entry due to relatively low capital requirement for small scale production but established players dominate distribution channels.
Bargaining power of buyers: Buyers have moderate to high bargaining power due to the availability of substitutes like mercury lamps and LED lamps from various manufacturers.
Bargaining power of suppliers: Suppliers of raw materials like quartz glass tubing have low to moderate bargaining power due to availability of substitutes.
Threat of new substitutes: Threat is moderate as LED lamps are emerging as an efficient substitute with longer lifespan and lower energy consumption than UV lamps.
Competitive rivalry: Intense competition exists among major players competing on product quality, reliability, pricing and innovation.
Geographical regions of concentration
North America accounts for the largest share of the global UV lamps market in terms of value. This is attributed to factors such as increased applications of UV technology in water treatment, wastewater treatment, air treatment and surface disinfection.
Fastest growing region
Asia Pacific region is expected to grow at the fastest CAGR during the forecast period owing to increasing government investments and initiatives to develop wastewater treatment infrastructure along with rising awareness about environment and water quality issues. Rising industrialization coupled with growing need for disinfection applications further supplements the regional market growth.
Geographical Regions related content for given market name
Europe accounts for a significant share of the global UV lamps market. Major countries contributing to the regional market growth include Germany, UK, France and Italy. Stringent regulations regarding wastewater discharge and increasing adoption of UV disinfection systems across various end use industries such as healthcare, food and beverages drives the Europe UV lamps market.
The UV lamps market in Asia Pacific is expected to register the highest CAGR during the forecast period. Rapidly developing economies along with heavy investments in water and wastewater treatment infrastructure mainly in China, India and other Asian countries provide ample opportunities for UV lamps manufacturers. Population growth, urbanization and industrial expansion are the key factors fueling the demand for UV disinfection systems and lamps in Asia Pacific.
*Note:
1.Source: Coherent Market Insights, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it
