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Global Commercial UV Water Purifier Market Analysis With COVID-19 Recovery Plan and Strategies for the Consumer Discretionary Industry | Technavio


The commercial UV water purifier market research report examines the key questions around the implications of COVID-19 and provides a recovery analysis and outlook for the market in focus. Although the market has witnessed a negative impact due to the COVID-19 situation, the research analysts at Technavio expects the commercial UV water purifier market to recover and grow by USD 152.39 million during the forecast period, accelerating at a CAGR of almost 2%.

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Commercial UV Water Purifier Market Segmentation Analysis by End-User

The hospitality segment led the commercial UV water purifier market share in 2019 and is expected to witness significant growth during the forecast period due to the increase in tourism and the continuous economic growth of emerging economies. Europe and APAC are the key regions contributing to this sector owing to the increase in tourism in these regions. This report provides an accurate prediction of the contribution of all the segments to the growth of the commercial UV water purifier market size.

Commercial UV Water Purifier Market Regional Analysis

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Commercial UV Water Purifier Market: Key Market Drivers

Commercial UV water purifier market will be driven by rapid industrialization. Rapid industrial development has changed the structure of society while modernization of lifestyles has driven large-scale industrial production. With the rapid rise of industrialization, the demand for fresh and clean water is also increasing, and production pressure has led to water contamination by industries such as food and beverage, hospitality, and other sectors at large. The depletion of water resources and the growing demand for water has compelled industries to recycle and reuse water. This is expected to drive the demand for commercial UV water purifiers.

Stringent Water Quality Laws will be a Key Market Trend

The primary use of UV disinfection equipment is to ensure that the quality of water is fit to be used for different industrial applications. In all the concerns of quality assurance of any product, the enforcement of strict laws and mandates is of significant importance. The Clean Water Act (CWA) is a federal law in the US that pertains to regulations imposed to ensure that the biological, chemical, and physical integrity of the nation's waters is not violated. The law encompasses the regulations on the discharge of pollutants through point and nonpoint sources. Many similar enforcements have been introduced worldwide. Such laws are expected to be the key drivers for market growth.

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Commercial UV Water Purifier Market 2020-2024 : Key Highlights

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Executive Summary

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation by End-user

Customer Landscape

Geographic Landscape

Vendor Landscape

Vendor Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.


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