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Global Ultraviolet (UV) Disinfection Strategic Business Report 2023: Increased Demand for Customized UV Disinfection Equipment Drives Market Growth
Global Ultraviolet (UV) Disinfection Strategic Business Report 2023: Increased Demand for Customized UV Disinfection Equipment Drives Market Growth
PR Newswire
DUBLIN, March 15, 2023
DUBLIN, March 15, 2023 /PRNewswire/ — The “Ultraviolet (UV) Disi…
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Global Ultraviolet (UV) Disinfection Strategic Business Report 2023: Increased Demand for Customized UV Disinfection Equipment Drives Market Growth
PR Newswire
DUBLIN, March 15, 2023
DUBLIN, March 15, 2023 /PRNewswire/ -- The "Ultraviolet (UV) Disinfection: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Ultraviolet (UV) Disinfection estimated at US$4.7 Billion in the year 2022, is projected to reach a revised size of US$12.9 Billion by 2030, growing at a CAGR of 13.4% over the analysis period 2022-2030.
UV Lamps, one of the segments analyzed in the report, is projected to record a 14.6% CAGR and reach US$5.4 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Ballasts / Controller Units segment is readjusted to a revised 12.9% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.2 Billion, While China is Forecast to Grow at 16.2% CAGR
The Ultraviolet (UV) Disinfection market in the U.S. is estimated at US$1.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2.8 Billion by the year 2030 trailing a CAGR of 16.2% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.5% and 11.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 11.2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2 Billion by the year 2030.
Select Competitors (Total 115 Featured) -
- Advanced UV, Inc.
- American Ultraviolet, Inc.
- Atlantic Ultraviolet Corporation
- Atlantium Technologies Ltd.
- Evoqua Water Technologies LLC
- Halma plc
- Hitech Ultraviolet Pvt. Ltd.
- Lumalier Corporation
- Trojan Technologies Group ULC
- ULTRAAQUA A/S
- UVO3 Ltd.
- uv-technik Speziallampen GmbH
- Xylem, Inc.
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Impact of Covid-19 and a Looming Global Recession
- Year 2021 and Beyond
- World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2023
- COVID-19 Impact on UV Disinfection
- UV Disinfection Market Buoys as COVID-19 Brings Disinfection to the Fore
- Demand for UVC Disinfection Equipment Surges amid the Pandemic
- Effectiveness of UV-C in Preventing COVID-19 Transmission by Reducing Contamination
- COVID-19 Pandemic Accelerates UV-Enabled Disinfection for Improving Indoor Air Quality
- Competition
- Ultraviolet (UV) Disinfection - Global Key Competitors Percentage Market Share in 2021 (E)
- A Prelude to UV Light
- Application Areas
- Disinfection Capabilities of UVC
- Advantages and Disadvantages of UVC Disinfection
- Far-UVC Light Products
- Far UV-C & Health Risks
- A Prelude to UV Disinfection Equipment
- UV Disinfection Technology for Disinfection in Healthcare Facilities
- UV Light for Office and School Infrastructure Cleaning
- Global Market Prospects and Outlook
- Global UV Disinfection Equipment Market Witnesses Increased Growth
- By Application
- By End-user
- Municipalities Claim Leadership Stake in Ultraviolet Disinfection Equipment Market
- By Component
- By Power Rating and Type
- Regional Market Perspective
- North America and Europe Dominates
- Asia-Pacific to Emerge as Rapidly Growing Market for Ultraviolet Disinfection Equipment
- Competition
- Recent Market Activity
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2021 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Mobile UV Systems and Handheld UV Sanitizers Come to the Fore
- UV-C Light Presents Viable & Effective Route for Faculty-Wide Disinfection
- Approaches to Treat Spaces Using UV-C
- UV Disinfection Presents Intriguing Alternative to Chlorine for Water Treatment Units
- Growing Industry Focus on Water Reuse Amid Looming Water Crisis Benefits Demand for UV Disinfection
- Factors Driving the Need for Water Reuse
- World Water Resources: Percentage Breakdown by Water Quality
- Increasing Levels of Water Contamination Drive the Need for UV Disinfection
- Focus on Hospital Acquired Infections (HAIs) Prevention Practices Drives Demand
- Renewed Threat of Infectious Diseases to Drive Adoption
- Global Number of Deaths Caused Due to Communicable Diseases (In 000s)
- Leading Nosocomial Infections in the US: Percentage Breakdown of Healthcare Cost by Infection Type
- Contribution of UV Disinfection Technology towards Enhancement of Manual Cleaning Practices
- Increased Demand for Customized UV Disinfection Equipment Drives Market Growth
- Increasing use of UV Light by Dental Practices
- UVC Lamps Differ in Terms of UVC Radiation
- FDA Regulations on UVC Lamps
- Market Witnesses Influx of New UV Disinfection Robots
- USZ Deploys New UV-C Disinfection Robot
- UV Disinfection Robot Lamps
- Nong Fai Chai Gen 3 - the Robotic UV-C Disinfection Lamp for COVID-19
- Mitigating COVID-19 Transmission Risk in Hospitals Gets Interesting at UV Disinfection Robot Levels
- Major Developments in UV Disinfection Equipment Market
- Pittsburgh International Airport Enters into Partnership with Carnegie Robotics
- Portable UV Disinfection Chambers by Georgia Tech Research Institute
- Technological Advancements in UV Disinfecting Technology
- UV-C LED Sanitization: An Innovation in LED Lighting
- UV Disinfection Trolley
- The Portable UV Light Disinfection Sanitizer Wand
- The UV-based Sanitization Wand From Boeing
- Safety of UV-C Disinfection Devices
- UV-C Validation Protocols and Performance Standards for UV Disinfection Devices
- Lucrative Prospects in the Airports Vertical
- Air Passenger Traffic in Billion: 2019, 2020 and 2021
- Efficiency and Improved ROI Make UV-C Disinfection Technology an Ideal Option for Hospitality Industry
- Hotel Occupancy Rate: 2018-2022
- US Revenues Per Available Room (RevPar): 2019 to 2023
- Impact of Covid-19 on Hotel Occupancy Rates in Select Countries: March 2020
- Average YoY % Change in Revenues Per Available Room (RevPar) in Europe: March 2020 - May 2020
- Benefits of UV-C Disinfection for Hospitality and Lodging Industry
- Restaurants Bet on UV Disinfection for Safer Environments
- Global Fast Food & Quick Service Restaurant Market Size (in US$ Billion) for 2019, 2022 & 2025
- Robust Opportunities in Cinema Halls & Shopping Malls
- Stringent Regulations Regarding Food Safety to Augment Deployment of UV Disinfection
- Foodborne Illness Outbreak Investigations in the US (2019 & 2020)
- Cold Storage and Refrigerated Spaces for Fruits & Vegetables Augment Demand
- Food Sterilization Applications for UVC Lamps
- Food sterilization applications for UVC lamps include:
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/pyq92j
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ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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SOURCE Research and Markets
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Treasury Market Plays Catch-Up With Higher-For-Longer Risk
The collective wisdom of the bond market for much of this year has been betting that interest rates would soon peak and fall. But those bets appear to…
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The collective wisdom of the bond market for much of this year has been betting that interest rates would soon peak and fall. But those bets appear to be unwinding in the wake of Wednesday’s Federal Reserve meeting and press conference.
Exhibit A is the rise in the 2- and 10-year Treasury yields, which are widely followed as key maturities for economic and financial markets analytics. On those fronts the crowd is reassessing its recent view that rate cuts are on the near-term horizon.
Let’s start with the 2-year Treasury yield, which is considered a proxy for market expectations on Fed policy. For much of this year the 2-year yield has traded below the effective Fed funds rate, which implies that the market expects the central bank’s rate hike will peak and perhaps reverse. But that view appears to be fading as the 2-year yield moves closer to the current 5.25%-to-5.50% Fed funds rate range.
The 10-year yield is pushing higher again too. In yesterday’s trading (Sep. 21), the benchmark rate rose to 4.49%, the highest since 2007.
Inflation-indexed Treasury yields continue to push higher too, testing the 2%-plus real range.
One of the catalysts that’s reportedly behind the latest run of higher Treasury yields is Fed Chair Powell’s hawkish comments on Wednesday on the matter of real (inflation-adjusted) interest rates.
“It’s a real rate that will matter and that needs to be sufficiently restrictive,” he advised, although exactly what level defines “restrictive” was left unsaid. “I would say you know it’s sufficiently restrictive only when you see it,” he added. “It’s not something you can arrive at with confidence in a model or in various estimates.”
By some accounts, the Fed appears to be on a path to leave rates higher for longer. Fed rate hikes may be over, or perhaps there’s one more in the pipeline, but rate cuts are expected to come later than recently expected.
As The Wall Street Journal reports:
“The fact that we’ve come this far lets us really proceed carefully,” said Powell. He used those words—“proceed carefully”—six times during Wednesday’s news conference, a sign of heightened caution about lifting rates.
“He didn’t sound to me like he was itching to hike again,” said Michael Feroli, chief U.S. economist at JPMorgan Chase, who thinks the Fed’s July rate rise will be its last for the current cycle. “For Powell, he sounds like he’s pretty comfortable where they are, sitting back, and watching things play out,” Feroli said.
The new dot plots for the Fed – the FOMC participants expectations for the Fed funds rate – supports the case for a higher for longer outlook. The FT notes:
The median estimate of the Fed’s 19 policymakers is for the bank’s benchmark rate to fall to just 5 per cent to 5.25 per cent next year. That was significantly higher than the 4.5 per cent to 4.75 per cent they signaled when the dot plot was last updated in June. By 2026, it was still forecast to be between 2.75 per cent and 3 per cent.
“What they’re saying there is if you have stronger growth for this year and next, it increases the risk that core inflation does not descend as much as they hope and expect,” said Daleep Singh, an ex-New York Fed official who is now chief global economist at PGIM Fixed Income.
“Therefore there is a potential need to keep nominal interest rates somewhat higher than they previously forecast,” he added.
The good news for investors is that the highest yields in ~15 years, either real or nominal, can be locked in with a buy-and-hold strategy. No one knows if current rates are at or near a peak, but this much is clear: the case for a relatively higher allocation to Treasuries vs. recent history hasn’t looked this compelling since George W. Bush was walking the floor in the Oval Office.
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Bitcoin mining can help reduce up to 8% of global emissions: Report
The report highlighted that Bitcoin mining can convert wasted methane emissions into less harmful emissions.
A paper published by the…
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The report highlighted that Bitcoin mining can convert wasted methane emissions into less harmful emissions.
A paper published by the Institute of Risk Management (IRM) concluded that Bitcoin (BTC) has the potential to be a catalyst for a global energy transition.
IRM Energy and Renewables Group members Dylan Campbell and Alexander Larsen published a report titled “Bitcoin and the Energy Transition: From Risk to Opportunity.” The paper argued that while BTC was perceived as a risk because of its energy consumption, it can also catalyze energy transition and lead to new solutions for energy challenges worldwide.
Within the report, the authors also highlighted the important function of energy and the increasing need for reliable, clean and more affordable energy sources. Despite the criticisms of Bitcoin’s energy intensity, the study provided a more balanced view of Bitcoin by showing the potential benefits BTC can bring to the energy industry.
According to the report, Bitcoin mining can reduce global emissions by up to 8% by 2030. This can be done by converting the world’s wasted methane emissions into less harmful emissions. The report cited a theoretical case saying that using captured methane to power Bitcoin mining operations can reduce the amount of methane vented into the atmosphere.
Related: Bitcoin energy pivot achieves what ‘few industries can claim’ — Bloomberg analyst
The paper also presented other opportunities for Bitcoin to contribute to the energy sector. According to the report, Bitcoin can contribute to energy efficiency through electricity grid management by using Bitcoin miners and transferring heat from miners to greenhouses.
“We have shown that while Bitcoin is a consumer of electricity, this does not translate to it being a high emitter of carbon dioxide and other atmospheric pollutants. Bitcoin can be the catalyst to a cleaner, more energy-abundant future for all,” the authors wrote.
Magazine: How to protect your crypto in a volatile market: Bitcoin OGs and experts weigh in
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Green Bubble Burst: US ESG Fund Closures In 2023 Surpass Total Of Previous Three Years
Green Bubble Burst: US ESG Fund Closures In 2023 Surpass Total Of Previous Three Years
For years, green and socially responsible investments,…
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For years, green and socially responsible investments, aka ESG (Environmental, Social, and Governance), have dominated the investing world. However, according to Bloomberg, a seismic shift is underway as BlackRock and other money managers unwound an increasing number of 'green' products amid soaring backlash and investor scrutiny.
Data from Morningstar shows State Street, Columbia Threadneedle Investments, Janus Henderson Group, and Hartford Funds Management Group have unwound more than two dozen ESG funds this year. The latest unwind comes from BlackRock, who told regulators last Friday it plans to close two ESG emerging-market bond funds with total assets of $55 million.
So far this year, the number of ESG funds closing is more than the last three years combined. This trend comes as investors pull money out of these funds as the ESG bubble has likely popped.
We asked this question in early summer: Is The ESG Investing Boom Already Over?
In January, BlackRock's Larry Fink told Bloomberg TV at the World Economic Forum in Davos that ESG investing has been tarnished:
"Let's be clear, the narrative is ugly, the narrative is creating this huge polarization. "
Fink continued:
"We are trying to address the misconceptions. It's hard because it's not business any more, they're doing it in a personal way. And for the first time in my professional career, attacks are now personal. They're trying to demonize the issues."
By June, Fink's BlackRock dropped the term "ESG" following billions of dollars pulled out of its funds by Republican governors, most notably, $2 billion by Florida Gov. Ron DeSantis.
The crux of the issue that Republican lawmakers have with radical ESG funds is that they were trying to impose 'green' initiatives on the corporate level to force change in society, and many of these initiatives would be widely unpopular at the ballot box during elections.
Remember these comments from Fink?
Alyssa Stankiewicz, associate director for sustainability research at Morningstar, told Bloomberg, "We have definitely seen demand drop off in 2022 and 2023."
Also, let's not forget about the 'greenwashing' across ESG industry.
Matt Lawton, T. Rowe Price Group Inc.'s sector portfolio manager in the Fixed Income Division, recently concluded: "It's becoming increasingly difficult to find credible sustainability-linked bonds."
The tide is reversing for Fink: "Backfire: World's Fourth Largest Iron Ore Producer Stops Purchasing Carbon Offsets."
Don't forget this: "McDonald's Scrubs Mentions Of "ESG" From Its Website."
Oops, Mr. Fink.
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