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Market Overview of Global Germicidal UV Lamp market:
According to our latest research, the global Germicidal UV Lamp market looks promising in the next 5 years. As of 2022, the global Germicidal UV Lamp market was estimated at USD 742.13 million, and it's anticipated to reach USD 993.96 million in 2028, with a CAGR of 4.99% during the forecast years.
Germicidal UV Lamp uses ultraviolet technology to achieve the purpose of sterilization. Ultraviolet technology is a non-chemical disinfection method. In this disinfection method, nothing is added, which makes the process simple, inexpensive and requires relatively low maintenance.
The COVID-19 outbreak has delayed normal work and affected the normal production of enterprises. For companies in areas where the epidemic is relatively mild and can start operations normally, even if they start operations at normal times, they will face insufficient supply of raw materials, resulting in lower than normal capacity utilization. The spread of epidemics caused by transportation will affect normal cargo transportation. According to data, the incubation period of the new coronavirus that caused this epidemic is about 7-14 days. In many countries, there are many cases of transmission in long-distance buses, trains, airplanes and other transportation vehicles. Therefore, there is a risk of virus spread due to long-distance transportation.
The epidemic has undoubtedly had a great impact on the supply and demand side. On the one hand, the interruption of the industrial chain has caused manufacturers to postpone the delivery of orders. On the other hand, scientists discovered that ultraviolet rays can kill the Covid-19 virus. This may lead to explosive growth on the demand side. Therefore, in the short term, the ultimate impact of the epidemic on the industry will depend on the development of the epidemic. In the long run, with the strengthening of people's health awareness, short-term fluctuations can hardly change its upward trend.
Increased downstream demand
The spread of bacteria and viruses is an important factor affecting human life and health. Since the formation of human society, people have been fighting with bacteria and viruses. In modern society, strong economic development has promoted investment in scientific research. Scientists have discovered that ultraviolet rays have a sterilizing effect, which can be widely used in hospitals, schools, nurseries, cinemas, buses, offices, and homes. It can purify the air and eliminate musty odors. In addition, it can produce a certain amount of negative oxygen ions. The air in the room that has been disinfected by ultraviolet rays is relatively fresh. In public places, ultraviolet disinfection can prevent some germs from spreading through the air or through the surface of objects. With the increase of people's health awareness, the growth of downstream demand is the main driving force for the development of this industry.
Product is harmdful to human bodies if the operation is improper
Since ultraviolet rays kill cells, improper use may cause harm to the human body. Germicidal UV Lamp uses ultraviolet rays to achieve sterilization and disinfection functions. It emits large ultraviolet energy. If there is no protective measure, it is very easy to cause great harm to the human body. If the bare skin is irradiated by this type of lamp, redness, swelling, itching, and scaling will occur in the lighter ones; the more severe ones can even cause cancer and skin tumors. Consumers' concerns about safety in use will limit the development of the industry.
Emerging and Growing market
North America and Europe are the largest markets. There are a large number of developed countries in these two regions, and the urbanization rate is among the highest in the world. People have a strong sense of health and high spending power, which is also the market that companies founded in other countries hope to enter. So these two regions account for the largest share. In addition, as one of the emerging economies that have recently emerged, China's economic strength has continued to strengthen, with GDP ranking second in the world, second only to the United States. China is currently in the critical stage of establishing a well-off society in an all-round way. The urbanization rate is expected to further increase and people's spending power will continue to increase. The Chinese market may bring opportunities.
Region Overview:
From 2022-2027, North America is estimated to witness robust growth prospects.
Company Overview:
Signify is one of the major players operating in the Germicidal UV Lamp market, holding a share of 6.81% in 2022.
Signify
Signify is a light industry manufacturing company. The company provides lamps, lighting equipment and lighting electronics. Signify serves customers worldwide.
Cnlight
The company mainly has lighting business, automotive lighting business, and environmental purification business. The main products include: LED indoor lighting series, LED outdoor lighting series, automotive lighting series, fluorescent indoor lighting series, ultraviolet sterilization series, LED display system series, etc. Products are widely used in home lighting, public lighting, road lighting, automotive lighting, indoor and outdoor sterilization and other fields.
Segmentation Overview:
Among different product types, 254nm segment is anticipated to contribute the largest market share in 2027.
Application Overview:
The market's largest segment by application is the segment Drinking Water, with a market share of 32.43% in 2021.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Germicidal UV Lamp market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Germicidal UV Lamp Market Report:
Market Size Estimates: Germicidal UV Lamp market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Germicidal UV Lamp market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Germicidal UV Lamp market
Segment Market Analysis: Germicidal UV Lamp market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Germicidal UV Lamp market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Germicidal UV Lamp Market: Revenue and sales volume of major countries in each region
Germicidal UV Lamp Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Germicidal UV Lamp market in major regions.
Germicidal UV Lamp Industry Value Chain: Germicidal UV Lamp market raw materials & suppliers, manufacturing process, distributors, downstream customers
Germicidal UV Lamp Industry News, Policies & Regulations
Key players in the global Germicidal UV Lamp market are covered in Chapter 12:
Ushio, Inc.
Foshan Nanhai Ruilang Special Light Source Co., Ltd.
Signify
Heraeus Holding
Haining Yaguang Lighting Electrical Co., Ltd.
OSRAM
Atlantic Ultraviolet
Halma
GMY Lighting Technology Co.,Ltd
Kingrate Lighting Technology Co,Ltd
NINGBO DAXIE UV LIGHT and ELECTRICITY CO.,LTD.
Cnlight
In Chapter 2 and Chapter 15.1, based on types, the Germicidal UV Lamp market from 2018 to 2028 is primarily split into:
222nm
254nm
In Chapter 3 and Chapter 15.2, based on applications, the Germicidal UV Lamp market from 2018 to 2028 covers:
Drinking Water
Food Processing
Medical
Industries
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Germicidal UV Lamp market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028