Market players are leveraging the COVID-19 crisis to extend market presence in untapped markets.
DUBAI, UAE / ACCESSWIRE / November 30, 2020 / Future Market Insights: The global UVC disinfection products market is anticipated to record a staggering growth rate of about 15%. The expansion is majorly supported by growing need to integrate cutting-edge technological solutions to inactivate surface level pathogens.
"With rising urbanization, governments are adapting smart solutions to ascertain basic cleanliness and hygiene standards with the implementation of UVC disinfection products." says the FMI analyst.
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UVC Disinfection Products Market - Key Highlights
The global UVC disinfection products market will reach around US$ 6 billion towards 2030 end.
North America will generate credible expansion prospect, capturing about one third of the revenue by the end of 2020.
UVC disinfection robots segment will record a stellar growth pace over the forecast period.
Hospital disinfection will be rapidly growing segment, due to growing demand for reducing incidences of HAI's (hospital acquired infections)
UVC Disinfection Products Market - Drivers
Increasing adoption of smart technology penetration together with rising demand for efficient cleansing solutions is steering market growth.
The market is gaining popularity due to their potential usage across food & beverage industry, particularly across soft drinks manufacturing to ascertain micro-organisms free process water.
Smart city projects are anticipated to generate opportunities in the global market.
UVC Disinfection Products Market - Restraints
Constant exposure to UV-C radiation by the individual handling might lead to undesirable health impacts and hinder market growth.
Cheap conventional disinfectants in contrast to UV lights or other products will hamper the market growth
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COVID-19 Impact on the Market
With escalating priority for personal hygiene, sales of products for instance disposable wipes handheld sanitizers, as well as cleaning solutions have foreseen a huge spike in sales. On the other hand, concerns regarding the virus's existence on the surfaces of these products is prompting consumers to prefer for contactless disinfection solutions, as a result offering substantial ground for UVC disinfection products growth.
Key companies operating in the global UVC disinfection products market are OSRAM GmbH, Signify (Philips), Light Sources Inc., American Ultraviolet, Uniq (LYFRO),Atlantic Ultraviolet Corporation, Steril-Aire Inc., UVC Cleaning Systems, Hitech Ultraviolet Pvt. Ltd., Skytron LLC, MBR UV-C Light Products, SUNVUV Technology Co. Ltd. and Changxing Leboom Lighting Products Co. Ltd.
Leading companies are relying on a host of growth strategies- going from product launches, participation in trade fairs, acquisitions & mergers, capacity expansion and fortifying existing supply chains by building strong distribution networks.
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About the Study
The study offers readers a comprehensive assessment of the UVC Disinfection Products market. Global, regional and national-level analysis of the latest trends influencing the market is covered in this FMI report. The study provides insights on the basis of product (UVC sanitizing/ germicidal lamp, handheld sanitizer wands, UVC sanitization box/container, UVC mobile room sanitizers unit, UVC disinfection robots) and application (surface, mask & instrument disinfection, commercial places disinfection, hospital disinfection), across key regions (North America, Latin America, Europe, China, Asia Pacific, Middle East & Africa).
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About Future Market Insights
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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SOURCE: Future Market Insights
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