February 24, 2024
UV Lamps Market

Increased Adoption of UV Disinfection to Drive Growth of the UV Lamps Market

The global UV Lamps Market is estimated to be valued at US$ 741.3 Mn in 2023 and is expected to exhibit a CAGR of 45.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
UV lamps emit ultraviolet light in the wavelength range of 200 to 400 nanometers. They are majorly used for disinfection of air, water and surfaces. UV lamps provide an effective and economical solution to disinfect areas and destroy harmful microorganisms like bacteria, viruses and fungus. They help eliminate healthcare-associated infections and improve indoor air quality. UV lamps are witnessing increased adoption in various end use industries like healthcare, food & beverage, and water treatment among others. They help reduce operating costs and improve operational efficiencies compared to conventional disinfection methods. Growing awareness about UV disinfection and its advantages over chemicals is anticipated to boost the adoption of UV lamps going ahead.

Market key trends:

One of the key trends in the UV lamps market is the increasing demand from the healthcare industry. UV lamps are extensively used in hospitals and healthcare facilities to disinfect surgical equipment and hospital surfaces to curb the spread of drug resistant infections. The ongoing covid-19 pandemic has further accelerated their adoption for disinfection of isolation wards, ICUs and common areas. Another major trend is the growing use of far-UVC lamps which have been proven safe for humans but are highly effective against pathogens. They are gaining prominence for room disinfection applications and are being installed in offices, schools, airports etc. Manufacturers are also focusing on developing advanced UV lamps with enhanced efficacy, longer lifespan and competitive pricing to expand market reach. Introduction of sensor-based and IoT enabled smart UV lamps with remote monitoring capability is another emerging trend in the market.

Porter’s Analysis

Threat of new entrants: Low capital requirements and established customers allow new companies to enter the market and gain market share easily.

Bargaining power of buyers: Large buyers such as municipalities and healthcare facilities can negotiate lower prices from suppliers.

Bargaining power of suppliers: Suppliers of raw materials such as mercury and quartz used in UV lamps have very little influence on prices due to availability of substitutes.

Threat of new substitutes: Technologies such as pulsed xenon and LED are substituting traditional UV lamps, limiting market potential.

Competitive rivalry: The market is dominated by few global players leading to high competition.

Key Takeaways

Global UV Lamps Market Demand is expected to witness high growth, exhibiting CAGR of 45% over the forecast period, due to increasing demand for disinfection applications in healthcare, water treatment and air treatment industries.

Regionally, Asia Pacific is expected to emerge as the fastest growing market for UV lamps, driven by rising awareness about health and water treatment. Countries like China and India are expected to dominate the regional market owing to high population and increasing industrial activity.

Key players operating in the UV Lamps market are Xylem Inc., Atlantic Ultraviolet Corporation, Calgon Carbon Corporation, Halma PLC, Trojan Technologies Inc., Heraeus Holding Gmbh, Xenex Disinfection Services LLC, Severn Trent PLC, OSRAM Gmbh, and Koninklijke Philips N.V. These players are focusing on new product launches and partnerships to gain higher market share. For instance, in 2022, Xenex launched a new UV disinfection robot to expand its product offerings for healthcare facilities.

1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it