UV Disinfection Equipment Market are expected to close in on US$ 37 Bn in 2031 - Persistence Market Research
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Application of UV light is gaining traction with respect to wastewater treatment, given that it's a safer and cost-effective alternative over chemical disinfection, consequently, driving demand for UV disinfection equipment.
On the back of these factors, global sales of UV disinfection equipment are expected to close in on US$ 37 Bn in 2031. According to the report by Persistence Market Research, the market is estimated to register an impressive CAGR of around 16.5% over the forecast period of 2021-2031.
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Key Takeaways from Market Study
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"Establishment of online retailers is becoming increasingly popular in the market. Competitors are incorporating innovative technologies such as artificial intelligence, robotics, drone disinfection, sensor technology, and others that are gaining traction in the industry", says an analyst at Persistence Market Research.
Key Market Players
The report underlines groundbreaking insights into the competitive scenario of the UV disinfection equipment market, along with highlights of differential strategies used by manufacturers.
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Some of the key players identified across the value chain include Signify Holding, Hanovia Ltd, Calgon Carbon Corporation, Xylem Inc., Trojan Technologies Group ULC, Atlantium Technologies Ltd., Atlantic Ultraviolet Corporation., First Light Technologies Inc., Hitech Ultraviolet Pvt. Ltd., Evoqua Water Technologies LLC, Advanced UV, Inc., AquiSense Technologies, and Enaqua, among others.
Know More about Report Inclusions
Persistence Market Research published a new market report on the UV disinfection equipment market, covering global industry analysis of 2016-2020 and forecasts for 2021 to 2031. This research report provides compelling insights on the basis of product, end use, application, and sales channel, across all major regions of the world.
The report also includes forecast factors and vital macroeconomic factors that are anticipated to boost growth of the global market. It also addresses the restraints that are projected to hinder market growth, along with the latest trends and potential opportunities in this space.
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