Is UV Disinfection Set to become the Future of Disinfection Equipment? New Study Explores
Disinfection equipment sales are likely to grow at over 13% in 2021, with COVID-19 induced behavioral nudge likely to influence sales. The pandemic impact will also be witnessed in terms of consumer buying behavior, with purchase through online channels growing briskly than previously anticipated. FMI’s new study tracks global disinfection equipment sales in 20+ high-growth markets, presenting a holistic overview of the market.
Disinfection Equipment Market
A recent market study published by Future Market Insights on the disinfection equipment ma...
International organizations around the world have identified the benefits of ultraviolet (UV) disinfection. For instance, the U.S. Environmental Protection Agency (EPA) has approved UV disinfection for small and medium-sized public water systems steered by surging demand. Besides this, EPA is considering UV disinfection technologies such as UV oxidation, medium-pressure UV, and others as “emerging technologies”, which is expected to bolster growth opportunities for the market in the coming years.
- Disinfection liquid market will reach a valuation of US$ 25.5 bn globally by the end of 2030, as growth continues at an accelerated pace
- Demand from commercial sector is currently high, however, sales of disinfection equipment are expected to soar at a higher pace in industrial sector over the forecast period
- Online sales channel will be more preferred in the near future in comparison to physical shops
- East Asia will continue offering lucrative opportunities, backed by surging demand in South Korea, China, and Japan
- UV disinfection will remain highly sought-after due to its application across diverse industries
“Disinfection equipment manufacturers are massively gaining amid the rising adoption of safety measures to contain the spread of novel coronavirus. While sales will continue surging, market players are likely to focus on innovation to gain competitive edge. Several companies are already launching UV disinfection equipment to decontaminate smartphones, cash, masks, among others from germs,” said a lead analyst at FMI.
Production Surging Amid COVID-19
The production of disinfectant sprays and UV disinfection equipment is surging amid COVID-19. At a time when other markets are struggling to cope with drastic changes in consumer behavior, opportunities across disinfection equipment market have impelled some of the leading manufacturing companies to rethink their portfolios. For instance, companies such as Signify Innovations India, earlier referred to as Philips Lighting India have ventured in disinfection space with the launch of UV-C based portable disinfection unit.
While new strains of coronavirus are causing uproar in the global economy, soaring concerns regarding virus and germs are paving way for entry of startups in the disinfecting space. PhoneSoap, a company dedicated to making devices that clean phones using UV light, has recorded a 1000% surge in growth earlier this year, according co-founder and president of PhoneSoap Dan Barnes.
This figures are clearly indicative of increasing production of disinfection equipment, a trend which is likely to continue through the forecast period.
Who is Winning?
Disinfection equipment manufacturers are focusing on product launches to gain competitive advantage. For instance, ITC was prompt to launch zero contact “Savlon Disinfectant Spray” in April 2020 to tackle sanitization need around homes.
Garsite, which is a leading producer of aviation refueling has launched its line of disinfecting equipment that offers simple and no-touch application of chemicals to ensure efficient disinfectant distribution.
FMI profiles some of the leading market players. These include Trojan Technologies, Belimed AG, Getinge AB, Advanced Sterilization Products Services Inc, Xylem, Sotera Health, Shinva Medical Instrument, STERIS Corporation, Matachana, 3M Healthcare, Heraeus, BD, Cardinal Health Inc., and others.
More Valuable Insights on Disinfection Equipment Market
In the latest report by Future Market Insights, we offer an unbiased analysis of the global disinfection liquid market, providing historical data for the period of 2015-2019 and forecast statistics for the period of 2020-2030. In order to understand the global market potential, its growth and scopes, the market is segmented on the basis of equipment type (disinfection sprayers, electrostatic sprayers, UV disinfection), end use (households, commercial, and industrial), distribution channel (wholesalers/ distributors, online retailers, independent small stores, and others), across six major regions (North America, Latin America, Europe, South Asia, East Asia, Oceania, MEA).
About Consumer Products division of FMI
Expert analysis, in-depth insights, and strategic recommendations - the Retail & Consumer Products team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 500+ reports, the team has analyzed the consumer goods industry lucidly in 80+ countries for over a decade. We provide end-to-end research database on retail & consumer products market and consulting services; reach out to explore how we can help.
About Future Market Insights (FMI)
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, and has delivery centers in the UK, 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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