VALLEY COTTAGE, N.Y., Nov. 19, 2015 (GLOBE NEWSWIRE) -- Future Market Insights (FMI) delivers key insights on the global UV lamps market in its latest report titled "UV Lamps Market: Global Industry Analysis and Opportunity Assessment, 2015-2025". Global UV lamps market revenue is projected to expand at a CAGR of 11.3% during the forecast period due to various factors, regarding which FMI offers vital insights in detail in its report.
On the basis of lamp type, the market has been segmented into UV mercury lamp and UV LED segments. The UV mercury lamp segment accounted for over 90% share of the global UV lamp market in 2014, and is expected to witness a decline of 27 BPS by the end of 2025. On the basis of end-use application, the market is segmented into wastewater treatment, water treatment, air treatment, surface treatment and food and beverages disinfection. Revenue contribution by the food and beverages disinfection segment was over 25.1% in 2014, which is projected to increase to 28.2% by the end of 2025, gaining 309 BPS and expanding at a CAGR of 12.5% during the forecast period.
Browse Full: "UV Lamps Market: Global Industry Analysis and Opportunity Assessment, 2015-2025" Market Research Report at http://www.futuremarketinsights.com/reports/ultra-violet-lamps-market
UV mercury lamp segment is further sub-segmented into low-pressure, medium- pressure and amalgam mercury lamp. Among all sub-segments, amalgam mercury lamp dominated the UV mercury lamp segment market, accounting for over 40% of the UV mercury lamp market in 2014.
Water treatment segment can be further sub-segmented into municipal water treatment, residential water treatment, commercial water treatment, industrial process water treatment, pool and spa and others. Of all the sub-segments, municipal water treatment sub-segment was dominant in the water treatment segment in 2014 in terms of revenue contribution, and this trend is expected to continue till 2025 end.
Air treatment segment is further sub-segmented into healthcare facilities, residential and commercial and others. Of all the sub-segments, residential and commercial sub-segments remained dominant in terms of revenue contribution to the air treatment segment in 2014, and the trend is expected to continue over the forecast period.
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Food and beverages disinfection segment is further sub-segmented into bottled water and other beverages, marinades and brines, and surface disinfection of food. Among all these sub-segments, bottle water and others sub-segment were dominant in terms of revenue contribution to the food and beverages segment in 2014, and this is expected to remain the trend till 2025.
Growth of the global UV lamps market is mainly driven by increasing municipal infrastructure investment, safety measures through regulations, increasing industrial development and price performance of UV lamps compared to other conventional treatment methods.
This report covers trends driving growth in each segment and respective sub-segments and offers analysis and insights regarding market potential in specific regions. Asia Pacific Excluding Japan (APEJ) was dominant in the global UV lamps market with over 30% market share in 2014, followed by North America with 24.2% market share. APEJ is projected to remain the largest market for UV lamps over the forecast period, driven by increasing municipal infrastructure investment, industrial development and cost-effective solutions offered by UV lamps when compared to the other conventional treatment methods used in the region.
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Some key players identified in the global UV lamps market are Xylem Inc., Calgon Carbon Corporation, Trojan Technologies Inc., Koninklijke Philips N.V., Halma PLC, Heraeus Holding Gmbh, Severn Trent PLC, Xenex Disinfection Services LLC, OSRAM GmbH and Atlantic Ultraviolet Corporation. Major UV lamp manufacturers in the market are currently focusing on strengthening their partnerships with major UV disinfection equipment manufacturers. In addition, UV disinfection equipment manufacturers are focusing on providing a broad and customised range of UV solutions to cater to the varying and increasing customer demands.
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Source: Future Market Insights