Disinfection Equipment Market Will Reach a Valuation of US$ 25.5 Bn by The End of 2030
The disinfection equipment market size will reach a valuation of US$ 25.5 bn globally by the end of 2030, as growth continues at an accelerated pace. The cleaning & disinfection industry is undergoing significant transformation. The pandemic effect will also be seen in consumer purchasing patterns, with internet sales expanding far more quickly than predicted. The latest research from FMI provides a comprehensive overview of the industry while tracking the worldwide disinfection equipment market in over 20 high-growth regions.
The advantages of ultraviolet (UV) disinfection have been recognised by international organisations all around the world. For instance, in response to soaring demand, the U.S. Environmental Protection Agency (EPA) has allowed UV disinfection for small and medium-sized public water systems.
In addition, EPA views UV disinfection innovations including UV oxidation, medium-pressure UV, and others as “emerging technologies,” which is anticipated to expand market development prospects.
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Demand from the commercial sector is currently high, but the market for disinfection equipment is expected to soar at a higher pace in the industrial sector over the forecast period.
- Online market channels will be more preferred in the near future in comparison to physical shops.
- 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.
- Thanks to rising demand in South Korea, China, and Japan, East Asia will continue to present profitable prospects.
- Because UV disinfection is used in so many different industries, it will continue to be in high demand.
“Disinfection equipment manufacturers are massively gaining amid the rising adoption of safety measures to contain the spread of novel coronavirus. While market 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.
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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.
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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.
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