April 13, 2024

The Growing UV Lamps Market is in Trends by Increasing demand from Water and Waste Water Treatment Applications

The UV lamps market comprises UV lamps and tubes that emit ultraviolet radiation ranging from 100 to 400 nanometers in wavelength. These lamps find wide usage in applications such as water and wastewater treatment, healthcare, residential and commercial applications due to their ability to destroy microorganisms like bacteria and viruses. UV lamps are more energy efficient and eco-friendly than traditional chemical disinfectants. The growing awareness about water-borne diseases and stringent regulations regarding wastewater discharge standards are expected to drive the adoption of UV lamps in the water and wastewater treatment industry.

The Global UV Lamps Market is estimated to be valued at US$ 853.98 Bn in 2024 and is expected to exhibit a CAGR of 9.8% over the forecast period 2024 to 2030.

Key Takeaways

Key players operating in The UV Lamps Market are ACCO Brands Corp.,dnp denmark as,Draper Inc,Elite Screens Inc,Glimm Screens BV,Grandview Crystal Screen Co. Ltd.,Groupe Adeo,Harkness Screens International Ltd,Legrand SA,Pioneer Audio Visual Equipment,Pyle USA Sound Around Inc,Remaco Technologies Pte Ltd.,Screen Innovations,Seiko Epson Corp.,Severtson Screens. ACCO Brands Corp leads the market with over 15% share owing to its diversified product portfolio and global footprint.

The growing demand for water treatment from municipal and industrial sectors is expected to propel the UV lamps market growth during the forecast period. Population growth and rapid urbanization have increased the load on freshwater resources, necessitating extensive water treatment activities.

Regions such as Asia Pacific and Middle East are witnessing significant market expansion driven by rising infrastructure development, industrialization and growing focus on sustainable water management. Key players are expanding their manufacturing footprints and enhancing distribution networks in these high potential markets.

Market key trends

The key trend gaining traction in the UV lamps market is the increasing replacement of mercury-based UV lamps with mercury-free variants. Strict regulations pertaining to mercury usage due to its environmental hazards are prompting manufacturers to develop energy-efficient LED based UV lamps. These solid-state lamps offer longer lifespan, consistent output and contain no toxic materials. They are increasingly being adopted in applications such as disinfection, curing and analysing.

Porter’s Analysis

Threat of new entrants: Low capital requirements and limited technology required for entry provide low barrier for new players to enter the market. However, existing key players have already established distribution channels and supply networks making it difficult for new players to gain foothold.

Bargaining power of buyers: The buyers have high bargaining power as there are multiple established players providing UV lamps at competitive prices. Buyers can negotiate on price and demand value added services.

Bargaining power of suppliers: The suppliers have low to moderate bargaining power as raw materials required for UV lamps production are commodity in nature available from multiple suppliers globally. Suppliers do not have pricing power.

Threat of new substitutes: Currently there are limited substitutes available for UV lamps. Technology advancement may lead to new substitutes like LED in future.

Competitive rivalry: High as the market is dominated by global and regional players competing on the basis of product quality, technologically advanced products, durability, and competitive pricing.

Geographical regions with concentrated market value:

North America accounts for the largest share of the UV lamps market, followed by Europe. High presence of key players and established manufacturing facilities along with stringent regulations regarding disinfection drive high adoption of UV lamps in these regions.

Fastest growing geographical region:

Asia Pacific is expected to witness the highest CAGR during the forecast period. Increasing industrialization, growing population, rising healthcare expenditure, and stringent regulations regarding water and air disinfection are driving the UV lamps market in the region. Countries like China and India offer huge growth potential for UV lamps manufacturers.

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