2014-02-12 15:09:01 - Global Ultraviolet Disinfection Equipment Market 2012-2016 - a new market research report on companiesandmarkets.com
The Global Ultraviolet Disinfection Equipment market is to grow at a CAGR of 12.7 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increased advantages of UV disinfection. The Global Ultraviolet Disinfection Equipment market has also been witnessing an increase in industrialization. However, the development of electronic ballast could pose a challenge to the growth of this market.
Industrialization is a process by which agrarian-based societies seek social and economic growth by their transformation into industrial societies. In industrial societies, the standard of living and scale of production of various goods is high, thereby resulting in an increase in the supply and usage of water. Moreover, the rapid industrialization worldwide and the depleting
water resources have resulted in a huge demand for safe, usable water. For instance, the F&B industry need huge quantities of water for their manufacturing process; therefore such industries can deplete the water supply in regions where they are situated.
Similarly, the increase in the standard of living as a result of the growing industrialization has led to the use of consumer goods such as dishwashers, washing machines, and jacuzzis. Since the water supply is insufficient to meet these growing demands, it becomes necessary for industries and the public to reuse and recycle water with the help of UV disinfection equipment. Thus, the rapid industrialization is expected to foster the demand and growth of the Global UV Disinfection Equipment market.
One of the major drivers in this market is the advantages of UV disinfection, particularly in its applications in the Water industry. For instance, water treatment methods that use chemicals are risky to handle and create residues that are harmful to the environment. On the other hand, UV disinfection equipment are easier to operate and do not involve the creation of harmful residues.
One of the major challenges in this market is the development of electronic ballasts. There are various mismatches between the perceived and actual performance of electronic ballasts, which are expected to have a negative impact on the growth of the market during the forecast period.
The key vendors dominating this space include Advanced UV Inc., GE Lighting LLC, Severn Trent Services Inc., and Siemens AG.
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