Transparency Market Research’s report on the UV Disinfection Equipment Market sees the market hitting $6.73 Billion by 2025, growing at a CAGR of 17.40%. Based on application, the water and wastewater segment held a leading edge over the others. This is mainly due to an ever-increasing demand of clean and potable water necessary for various day-to-day application.
The global UV disinfection equipment market depicts the presence of a highly consolidated vendor landscape, says Transparency Market Research. Such a consolidation is mainly present owing to a large chunk of market shares owned by a handful of the players. Severn Trent Plc, GE Lighting, Xylem Inc., and Calgon Carbon Corp. are some of the businesses which had collectively held 55% of the total market share in 2016. Such a strong presence of these companies ensures that new players do not find it easy to grow in this sector.
A key trait present in this competitive landscape involves presence of numerous private companies compared to the existence of public ones. Most players are focusing on developing and designing better equipment and devices. In addition, bringing forth key innovations to improve product portfolios also is a key scheme implemented by most players operating in the global disinfection equipment market. With rapid technological advancements, most well-settled players are executing their strategies and reforms with a high level of precision, thus leading towards a splendid growth witnessed by the global UV disinfection equipment market. For more details, get a sample of the UV Disinfection Equipment Market report.
Transparency Market Research