Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
Commercial UV Water Purifier Market Overview
Commercial UV water purifier is a type of water purifier that uses short-wavelength UV light to kill microorganisms and other microbial contaminant in water. UV water purifier does not use chemicals to kill microorganisms. UV water purifier is an environmentally friendly alternative to chlorine disinfection. The frequency used to kill micro-organisms is 254 nanometers (nm).
Market Size and Forecast
The global commercial UV water purifier market is expected to grow at a CAGR of 12.8% over the forecast period i.e. 2017-2024. Further, the factors propelling the growth of commercial UV water purifier market includes growing health concerns among the population and increasing risk of waterborne diseases.
In terms of geography, Asia-Pacific region accounted the largest market share in 2016 followed by North America. Asia-Pacific region is anticipated to continue its dominance over the forecast period owing to numerous factors such as growing population and increasing water pollution. Further, this region has been the most lucrative market for commercial UV water purifier across the globe owing to emerging economies such as India and China.
North America region captured the second largest market share in commercial UV water purifier across the globe. Further, North America region is projected to be the fastest growing commercial UV water purifier market by the end of 2024. Additionally, U.S. is anticipated to account for the highest percentage in market share in this region over the forecast period owing to adoption of advanced technology. Likely, presence of major key players of commercial UV water purifier in North America region is believed to foster the growth of commercial UV water purifier market.
Europe region is projected to show a tremendous growth over the forecast period. The growth of Europe region is attributed to numerous factors such as growing environmental regulation and increased incidences of waterborne diseases.CLICK TO DOWNLOAD FREE SAMPLE
Market Segmentation
Our in-depth analysis segmented the global commercial UV water purifier market in the following segments:
By Distribution Channel
By Region
Global marine electronic navigation system market is further classified on the basis of region as follows:
Growth Drivers and Challenges
Factor such as growing health concerns among the population regarding poor quality water coupled with increased prevalence of waterborne diseases is envisioned to flourish the growth of commercial UV water purifier market across the globe. Further, industrialization has led to water pollution which in turn augmented the demand for UV water purifier. Likely, continual technological advancements in membrane technology are also predicted to elevate the growth of commercial UV water purifier market by the end of 2024.
Furthermore, rapid urbanization along with positive GDP figures of developed and developing nations such as U.S., China and others are projected to flourish the growth of commercial UV water purifier market. In addition to this, favorable government initiatives regarding adoption of water purifier and deteriorating quality of water are predicted to fuel the growth of commercial UV water purifier market.
However, high maintenance cost related with commercial UV water purifier is expected to hamper the growth of commercial UV water purifier market over the forecast period. Moreover, lack of awareness regarding commercial UV water purifier in underdeveloped regions is believed to hinder the growth of commercial UV water purifier market.
Key players
The major key players for commercial UV water purifier market are as follows
Scope and Context
Overview of the Parent Market
Analyst View
Segmentation
The global commercial UV water purifier market is segmented as follows:
Market Dynamics
Supply & Demand Risk
Competitive Landscape
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment
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