The global ultraviolet germicidal irradiation market demonstrates a vendor landscape which is consolidated and led by America Ultraviolet, GE Water and Process Technologies, and UltraViolet Devices Inc. According to Transparency Market Research (TMR), leading players within the market are concentrating hard on developing cost-effective yet competitive products which will be useful to tap on the unmet requirements of the overall ultraviolet germicidal irradiation market. In the years to come, it is anticipated that the prominent players within the market will successfully launch a wide range of products in order to cater to a wide range of consumers.
According to TMR, the global opportunity for ultraviolet germicidal is radiation market will be worth US$430.3 mn by 2023. By type, it is anticipated that disinfectants will witness a higher demand as compared to surface disinfectants. TMR predicts that the air disinfectant segment will be worth US$375.2 by 2023. The upper room systems sub-segments within the air disinfectant segment will be the dominating segment in the market on account of its wide application in heating, ventilation, and air conditioning (HVAC) systems. Additionally, upper room systems consume less power as compared to other systems which is anticipated to bolster its demand in the near future.
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Rise In Prevalence of Hospital-Acquired Infections to Boost Demand for Ultraviolet Germicidal Irradiation In North America
On the basis of geography, it is anticipated that North America will continue to lead in the market for ultraviolet germicidal irradiation on account of the rising incidences of hospital-acquired infections. Moreover the stringent US FDA rules also promotes the curbing of hospital-acquired infections which in turn will benefit the ultraviolet germicidal irradiation market in North America. Europe is expected to follow North America in terms of leading in the market for ultraviolet germicidal irradiation.