Dublin, Sept. 20, 2023 (GLOBE NEWSWIRE) -- The "Global UV Lamp Market by Type (UV LED, UV Mercury Lamp), Application (Air Treatment, Food & Beverages Disinfection, Medical Treatment), End-User - Cumulative Impact of COVID-19, Russia Ukraine Conflict, and High Inflation - Forecast 2023-2030" report has been added to ResearchAndMarkets.com's offering.
The global UV lamp market is experiencing robust growth, with an impressive Compound Annual Growth Rate (CAGR) of 11.07%. The market, estimated at USD 535.54 million in 2022, is projected to reach a staggering USD 1,241.09 million by 2030.
UV lamps are gaining traction across various industries, driven by their application in surface disinfection and air purification. As healthcare-associated infections (HAIs) rise, UV lamps are becoming essential for disinfection in operating rooms.
Additionally, the prevalence of skin conditions like psoriasis, atopic skin disorders, and vitiligo is expanding the use of UV lamps for phototherapy. These lamps are also employed in wastewater treatment due to their germicidal effect. However, challenges such as technical issues and safety concerns related to UV light could impact their adoption.
Market Segmentation & Coverage:
This extensive research report segments the Global UV Lamp Market to provide valuable insights into revenue forecasts and trend analysis within distinct sub-markets:
Type: UV lamps are classified into UV LED and UV Mercury Lamp. The UV Mercury Lamp includes Amalgam Mercury UV Lamp, Low-Pressure Mercury UV Lamp, and Medium-Pressure Mercury UV Lamp. In 2022, UV Mercury Lamp dominated with a market share of 52.42%, followed by UV LED.
Application: The market explores various applications, including Air Treatment, Food & Beverages Disinfection, Medical Treatment, Surface Treatment, and Water & Wastewater Treatment. In 2022, Water & Wastewater Treatment accounted for the largest market share at 38.23%, followed by Air Treatment.
End-User: Segmentation is based on Commercial, Industrial, Municipal, and Residential categories. Municipal was the leading end-user with a market share of 39.51% in 2022, followed by Industrial.
Region: The market is analyzed across the Americas, Asia-Pacific, and Europe, Middle East & Africa (EMEA). The Americas, further segmented into Argentina, Brazil, Canada, Mexico, and the United States, is a significant market region. The Asia-Pacific led the market in 2022 with a share of 37.83%, followed by Europe, Middle East & Africa.
Market Dynamics:
Drivers: Key drivers of market growth include the rising incidence of HAIs and the use of UV lamps for surface disinfection, the prevalence of skin conditions, and the application of UV lamps in phototherapy. Additionally, the growing demand for UV lamps in water and air purification fuels market growth.
Restraints: Technical issues and operational challenges with UV curing may pose restraints to market expansion.
Opportunities: The market offers opportunities through advancements in UV lamp technology and emerging applications of UV LED technology in agriculture.
Challenges: Safety concerns related to UV lamps present a challenge to their widespread adoption.
Key Insights and Deliverables:
This report provides valuable insights and answers key questions for stakeholders:
- Market Penetration: Comprehensive information on the market offered by key players.
- Market Development: In-depth details about emerging markets and penetration into mature segments are provided.
- Market Diversification: Information on new product launches, untapped geographies, recent developments, and investments is included.
- Market Trends: A comprehensive understanding of the cumulative impact of COVID-19, the Russia-Ukraine Conflict, and high inflation is presented.
- Competitive Assessment & Intelligence: The report offers an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscapes, and manufacturing capabilities of leading players.
- Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments are provided.
Key Attributes:
- Number of Pages: 185
- Forecast Period: 2023 - 2030
- Estimated Market Value (USD) in 2023: USD 593.44 Million
- Forecasted Market Value (USD) by 2030: USD 1,241.09 Million
- Compound Annual Growth Rate: 11.0%
- Regions Covered: Global
The global UV lamp market is on an upward trajectory, experiencing remarkable growth with a CAGR of 11.07%. This dynamic market offers numerous opportunities and challenges for existing and potential market participants.
Companies Mentioned
- Alpha-Cure Ltd.
- American Ultraviolet
- Analytik Jena GmbH+Co. KG
- Atlantic Ultraviolet Corporation
- Crystal Technology & Industries Inc.
- Dr. Honle AG
- Dymax Corporation
- Evoqua Water Technologies LLC
- FIVER Environment Group Co., Ltd
- Gardner Products
- HANOVIA Specialty Lighting LLC
- Heraeus Holding GmbH
- Hitech Ultraviolet Pvt. Ltd.
- LightSources, Inc.
- Magnaflux
- Merck KGaA
- OPRL Biosciences Pvt., Ltd.
- Osram Group by AMS
- Pervel Water Management Solutions
- RephiLe Bioscience Ltd.
- Sankyo Denki Co., Ltd.
- Sartorius AG
- Signify Holding
- SKRM Engineering
- SMAlux
- Thermo Fisher Scientific Inc.
- TOTSUKEN Co., Ltd.
- Trojan Technologies Group ULC
- Ushio Group
- UV-Guard Australia Pty Ltd
- UV-Technik International Ltd.
- Vilber
- Xylem Inc.
For more information about this report visit https://www.researchandmarkets.com/r/san967
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