June 19, 2024
UV Lamps Market

LED UV Lamps Are Fueling Growth In The Global 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 are mercury containing lamps used for disinfecting air, surfaces and water by damaging the DNA and RNA of microorganisms. They are used across various industries like healthcare, water treatment and food processing. The growing awareness for water disinfection and air purification is driving the need for UV lamps.

Market key trends:
One of the key trends driving the UV lamps market is growing adoption of LED UV lamps. LED UV lamps have lower power consumption, longer lifespan and are mercury free. They provide better targeted wavelength spectrum for disinfection applications. LED UV lamps are increasingly replacing conventional mercury lamps across industries. They offer industries energy savings, reducing operating costs. Their smaller size allows for more compact equipment designs. No mercury content ensures safe and environmentally sustainable operation. Industries are actively transitioning to LED UV lamps to lower costs and meet regulations restricting mercury content. This widespread replacement of mercury lamps with LED variants is a major trend shaping significant growth of the UV lamps market.

Segment Analysis
The global UV lamps market is segmented by type, application, end-use sector, and region. Based on type, the market is segmented into UV LED and UV mercury lamps. UV mercury lamps dominated the market in 2022 and are expected to remain the largest segment during the forecast period. UV mercury lamps are more affordable and provide high output power compared to UV LED lamps.

Key Takeaways
Global UV Lamps Market Demand is expected to witness high growth, exhibiting 45% CAGR over the forecast period, due to increasing demand for disinfection systems and wastewater treatment plants. The market size for 2023 is US$ 741.3 Mn.

Regional analysis:
Asia Pacific dominated the global market in 2022 and is projected to register the highest CAGR during the forecast period. Rapid industrialization and urbanization along with stringent government regulations regarding wastewater treatment in countries like China and India are driving the growth of the regional market.

Key players:
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. Xylem Inc. and OSRAM Gmbh captured over 30% of the global revenue share in 2022.

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