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According to a new market research report titled “Global Text Analytics Market- Size, Industry Analysis, Trends, Growth and Forecast, 2014- 2020,” the global text analytics market has a potential to reach $6.5 billion by 2020, registering a CAGR of 25.2% during 2014-2020. Predictive analytics is the most attractive application within text analytics, which provides insights on unstructured text and helps the companies to formulate business strategies accordingly. Retail sector largely uses text analytics software, which approximately contributes 1/3rd of revenue amongst all industries. Use of text analytics in Healthcare accelerates Health-Care research, which eventually adds to the rapid growth of the healthcare and pharmaceutical sector.
Comprehending the benefits of the text analytics in predicting and forecasting consumer behavior, the technology is gaining ground and helping corporations to strategically position themselves in the competitive market. The capability of the technology to deduce trends from the unstructured text and single out rationale is the driving force for the market. The upsurge in the adoption of social networking platforms for conversations, rising adoption of cloud computing technologies and the ability of text analytics to move beyond sentiment analysis are some major driving factors for text analytics industry. Nevertheless, despite the finer and profitable aspects, the technology has some vices posing as obstacles for the growth of the market. The expensive analytic software and lack of awareness among the stakeholders about the advantages of text analytics in the pivotal regions would impede the growth of the market.
To view the report, visit the website at http://www.alliedmarketresearch.com/text-analytics-market
Text analytics finds wide acceptance in regions such as North America due to the early adoption of big data analytics in the region. North American region approximately holds 40% of global text analytics market amongst all regions. Till 2012, North American region generated about 2.5 exabyte (2.5 million gigabytes) of data per day and the number is anticipated to double every 40 months. For instance, Walmart collect 2.5 petabytes of data from their customers’ transactions. Therefore, the use of text analytics software to analyze customers’ demands is on the higher side, as compared to other regions. Substantial amount of data is generated in the region on a daily basis, which is a gold mine for companies that understand the importance of historical data. Historical data trend is further used to forecast the trend of the market in the coming years. Therefore, predictive analytics is also increasingly used to forecast the market trend and formulate the business strategies.
Presently, On-premise deployment model is predominantly favored by the government organizations and small & medium business, as it offers higher level of security compared to cloud based deployment model. The use of on premise model for deployment of text analytic software would gradually subside and the market would be driven by cloud based deployment models in the near future. Operational cost cutting would contribute to the rapid adoption of Cloud-based model in the coming years.
Predictive analytics is gaining ground in the field of healthcare and Banking Financial Services and Insurance industries (BFSI). The ability of Predictive analytics application to track the incidences of diseases and forecast the reoccurrence in the future is a boon for the healthcare sector. On the other hand, financial forecasting is accomplished very effectively using text analytics. The forecast could assist BFSI’s in tracking loan trends and gain insights on the potential client base that demand banking services in the future. Retail sector has large customer base and has sizable number of reviews on their products. Analyzing the voice of the customers helps the retail companies to improve their products, by considering the customer demands. Therefore, retail sector majorly uses text analytics software compared to other sectors.
Key findings of the study:
– Global market for Text analytics deployment models is gaining prominence with cloud based models, which is the growing at a rapid rate for the forecast period (2014-2020)
– Predictive analytics is the major application segment that uses text analytic software to forecast the market trend, which is growing at a CAGR of 21.3% during the forecast period
– Based on the geographic examination, North America would be the highest revenue-generating region, confers the report
– Text analytics software is widely used in customer relationship management applications, where the analyzed information is prominently used to take strategic business decisions
– Small scale enterprises still rely on on-premise model and is growing at a CAGR of 16.6% during 2014-2020
Continuous innovations in the text analytics industry is leading to upgrade the existing versions of text analytics software. Therefore, product launch is the major developmental strategy that is widely adopted by the text analytics market players. In June 2014, Linguamatics launched I2E Semantic Enrichment that uses natural language processing technology for analysis of text, and offer insights at a much faster rate. The report expounds on the strategies of top players such as IBM, Attensity, Microsoft, Clabridge, SAS, HP, Tibco Software, Oracle, Tableau Software and SAP.
The new market research report titled “Global Smartwatch Market – size, Industry Analysis, Trends, Growth and Forecast, 2014 - 2020,“ the global Smartwatch market has a potential to reach $32.9 billion by 2020, registering a CAGR of 67.6% during 2014 – 2020. Popular highlights of the Global Smartwatch Market that are noteworthy are, based on type, the Extension Smartwatch sales was the source for approximately 4/5th of the revenue generated by the global Smartwatch market in 2013. Standalone smartwatch, which was nearly 1/10th of the market in 2013, would swiftly take over the extension smartwatch and would match with the market size of extension smartwatch by 2017. Android operating system, which is the most prominent OS preferred by Smartwatch manufacturers, would grow even further during the forecast period. Following the trends of the market, geographically, Asia Pacific region is expected to propel the global market supplemented by China, which is expected to evolve as a hub for low cost smartwatch manufacturing.
To view the report, visit the website at http://www.alliedmarketresearch.com/smartwatch-market
The market of smartwatches is witnessing a double-digit growth globally. North America, due to favorable market conditions, is the highest revenue generating region for smartwatches. As per the estimates, North American region generated nearly 1/3rd of the market revenue in 2013. However, in the near future, the growth of this market is expected to be driven by the Asian region and Chinaemerging as a popular hub, as it would evolve as a low-cost smartwatch manufacturer. Over the next decade, the market is expected to witness product based revolution with newer sensor technologies emerging. Further, since the market is still in its evolutionary phase, it would create opportunities for new companies to enter the market, eventually leading to an increased level of competitiveness.
Considering the competitiveness in the market, Samsung is expected to refresh its offerings of the Galaxy Gear by replacing the Android OS by Tizen, a Samsung platform. Pebble, one among the leading companies, used to offer smartwatch at USD 150 with limited appeal as lifestyle accessory. However, recently the company has launched a second-generation device called Pebble Steel; thereby, offering a renewed appeal to the version, with enhancements in designs using brushed stainless steel and a black matte version, available at USD 249. Apple also has planned to integrate its Health Kit application with the smartwatch for the end users to monitor and keep track of their fitness and health.
Extension smartwatch garnered the largest market share within the global market for smartwatches. In terms of overall volumes, as of 2013, extension smartwatch accounted for more than 2 million units, and is expected to experience unprecedented growth during the forecast period. Based on number of units sold, Android had the largest market share, accounting to 3/5th of the market in 2013, followed by iOS at approx. 17%. Android has gained edge, and is the most used OS platform for smartwatches; however, iOS is expected to emerge as a strong competitor for Android systems at a later stage, given the premium prices charged for the devices. Another factor adding to the growth of these devices is Apple’s move to offer bundled products and sell smart watches in the market, leading to popularity of iOS smartwatches. The Personal Assistance segment is poised to grow at a steady rate through 2020. The Personal Assistance application contributed to nearly half of the overall smartwatch application market, by value in 2013. This application will remain as mainstream for smartwatch users. Wellness application is the second most dominant domain for the market and held nearly 1/5th of the market in 2013. The wellness segment will witness steady growth due to the adoption of wellness monitoring devices.
Key findings of the study:
– Global market for Smartwatch is gaining prominence due to its potential to replace traditional watches and functionality similar to smartphones
– Extension Smartwatch contributes to nearly 4/5th of the global market in 2013
– Standalone smartwatch would match the market size of Extension Smartwatch by 2017
– Based on the geographic examination, North America is the highest revenue-generating region confers the report. North America is anticipated to reach $11.2 Billion by 2020
– China is expected to evolve as a key manufacturer of low cost smartwatches during the forecast period
– Android is the most preferred OS for smartwatches and is expected to lead the market throughout the forecast period
Based on the total smartwatch shipments in 2013, Samsung leads the Smartwatch market, followed by Nike and Garmin. Currently, there are approx. 40 countries operating in this market and the number of manufacturers is expected to grow manifold during the forecast period. As of now, the market is purely driven by the leading tech companies such as Samsung, Apple, Google, etc. However, in the future, the entry of watch companies is expected to increase the competition and dynamics of this market. Led by innovations, the smartwatch companies are spending heavily on R&D. Top players such as Samsung, Pebble, Maritime and Sony are counting on their R&D investments to be the prioritized strategy to increase respective market shares. An effective distribution channel is a key in defining the market status of a company. Samsung has significantly higher worldwide distribution strength compared to others and this adds to its competitive advantage. Key companies profiled in the report are Apple Inc., Google Inc., Garmin, Fitbit, Motorola, Sony Corp., and Samsung Electronics Co. Ltd.
Permanent Magnet Motor Market is Expected to Reach $45.3 Billion, Global, by 2020 – Allied Market Research
According to new report by Allied Market Research titled, “Global Permanent Magnet Motor Market - Size, Industry Analysis, Trends, Opportunities, Growth and Forecast, 2014-2020 “, the Global Permanent Magnet Motor Market would reach $45.3 billion by 2020, registering a CAGR of 11.7% during the forecast period 2014 – 2020. The global demand for rare earth (RE) magnet materials, in 2012, accounted for 21% of all rare earth materials available. Presently, the permanent magnet AC and DC motors are increasingly used in factory automation applications such as robotics and material handling, amongst the others. The increasing use of permanent magnets, owing to its unique properties, subsequently, should supplement the growth of the permanent magnet motor market.
In 2012, the increasing demand of permanent magnet motors across diverse sectors, led to disruption in its supply chain, further resulting in the scarcity of RE permanent magnets. This scarcity of RE permanent magnets adversely affected the permanent magnet motors market. Presently, stability in the supply of RE permanent magnets has led the market to recover its losses and regain its stability. China being the leading manufacturer of Permanent Magnet (PM) motors, owing to the country’s natural abundance in rare earth materials, generates significant revenue from the exports of permanent magnets.
To view the report visit the website at http://www.alliedmarketresearch.com/permanent-magnet-motor-market
Reduced field excitation losses resulting in increased performance of the motor leads to low energy consumption in operation of PM motors. Additionally, high power density, reliable performance, electric stability & durability along with simplified construction help in increasing its efficiency. Therefore, these motors are largely used in factory automations and other machinery tools since many years. With the advent of robots for material handling, and the requirement of high precision work with minimal errors, would help the PM motors market to grow exponentially over the years. PM motors are largely used in chip conveyors, elevators, oil reservoirs, coolant pumps, photocopy machines, etc. The rising demand of such applications is eventually increasing the demand of PM motors in numerous industries.
The improved efficiency of PM motors and their integration in automobiles and electric cars, dynamically supplement the growth of the permanent magnet motors market, globally. The market is witnessing an increasing demand for permanent magnets from the countries with abundant resources of rare earth materials. China dominates the global market for rare earth magnets as it is the leading permanent magnet manufacturing country. China, comparatively manufactures PM motors at a lower cost as compared to other countries. The factors mentioned above would subsequently increase the manufacturing rate of PM motors and boost the market growth in future.
Key benefits of study:
- The study indicates that the permanent magnet AC motors are widely used in industrial applications as compared to DC and Hermetic motors, whereas, permanent magnet DC motors are majorly used in the automobile industry.
- Neodymium magnet type is the most popular magnet in use, owing to its moderate cost and operating ability at high temperatures. Neodymium magnet type is estimated to grow at a CAGR of 10.8% during the forecast period.
- The presence of a large number of PM motor manufacturers in the Asia Pacific region, generates a significant amount of revenue for the PM motors market here, as compared to other regions.
- The permanent magnet motors below 4.0 kW power range are used in various appliances with lower output voltages. Additionally, the motors between the power ranges of 22.0kW – 75.0 kW, are widely used in diverse applications ranging from automobiles to air conditioning devices.
- The increasing use of PM motors across diverse applications in factory automation, presently account for the highest revenue generating segment in the global market.
The industry is witnessing a shift from induction motors to permanent magnet motors, in order to improve the performance of the device whilst rendering lower levels of power consumption. Permanent magnet motor manufactures are launching new products and partnering with other market players to conceptualize motors with improved performances that are energy efficient. For instance, inSeptember 2014, Toshiba Corporation, a world-class manufacturer of electric and electronic products and systems, launched the world’s first train propulsion system containing Permanent Magnet Synchronous Motors (PMSM) and Silicon Carbide (SiC) Variable Voltage Variable Frequency (VVVF) traction inverters. These systems were delivered to Japan’s Tokyo Metro Co., Ltd., enabling the system to reduce power consumption by up to 37 percent. The major players profiled in this report are, Siemens, Baldor Electrics Incorporation, Rockwell Automation Incorporation, Franklin Electric Co. Incorporation, Johnson Electric Holdings Ltd., Ametek Incorporation, Toshiba Corporation and Danaher Corporation.
According to a new report by Allied Market Research titled, “Global 3D Camera Market – Size, Industry Analysis, Trends, Opportunities, Growth and Forecast, 2013 – 2020″, the global 3D Camera market is expected to reach $7,661.8 million by 2020, registering a CAGR of 39.4% during 2014 – 2020. The 3D camera applications, in smartphones, should drive the 3D camera market significantly by year 2020. About 80% of the smartphones could be enabled with 3D imaging technology by 2018.
The entertainment & media industry is witnessing a rapid surge in 3D content. Moreover, increasing use of 3D imaging for security surveillance, home automation and mobile robots, is paving the market growth for 3D camera products. The developments in 3D scanning technologies enable the market players to launch products delivering high-quality images or videos. The advent of 3D smartphones also promotes the prospects in the application of 3D technology.
To view the report, visit the website at http://www.alliedmarketresearch.com/3D-camera-market
The smartphones, which are available at lowest price, amongst all 3D camera based devices, should witness rapid adoption over the forecast period. With the simplest 3D camera technology – stereo visioning; about 80% of smartphones in production could be upgraded with a 3D camera lens by the year, 2018. Numerous smartphone manufacturers, now identify with 3D technology as a significant prospect to enhance their product offerings. The application of 3D cameras in smartphones should garner a revenue of$2.02 billion by the year 2020.
Stereo visioning technology is commonly integrated in applications such as movie recording, gaming, etc. The stereo vision based 3D cameras, with adjustable range, are easier to design and available at a lower price. These benefits of stereo vision technology should retain its preference among 3D camera manufacturers over other technologies. The wide adoption of this technology, has, in turn, contributed to over 60% of its global market size by value, during 2013.
Key findings of the study:
– The global market for 3D cameras is progressive in nature and should go on to witness a rise in its adoption across smart phones, tablets and other such devices, during the forecast period of 2014 – 2020
– The adoption of 3D cameras in tablets, is estimated to grow rapidly at a CAGR of 60.4%, during the forecast period
– Asia-Pacific would prove to be one of the most lucrative markets, in terms of growth. It should reach $3,403.0 million by the year 2020, registering a CAGR of 44.1% during 2014 – 2020
– The Asia-Pacific regional market should surpass the North American regional market in terms of market size by value, within two years.
Rising demand for 3D scanning technology in the entertainment and media industry, supplement the developments and growth of its market. A rise in the technological advancements in smartphone cameras, empowers the manufacturers to introduce 3D cameras as an innovative product offering. Furthermore, due to rising 3D content, several OEMs are upgrading their product offerings with 3D imaging capabilities. Innovative product launch has now become a strategic essential for manufacturers, to gain a higher market share. For instance; Sony Electronics, in the recent years, has upgraded its ‘Handycam’ series with 3D imaging capabilities. Prominent companies profiled in the report include Nikon, Cannon, GoPro, Kodak, Sony Electronics, Panasonic Corporation and LG Electronics.
Air Compressor Market is Expected to Reach $29.8 Billion, Globally, by 2020 – Allied Market Research
According to a new report by Allied Market Research, entitled “Global Air Compressor Market (Type, Technology, Lubrication Type and Geography) - Global Opportunity Analysis and Forecast - 2013 - 2020“, the global air compressor market is forecast to reach $29.8 billion by 2020, growing at a CAGR of 7.1% during the period 2014-2020. Stationary air compressors occupy the major share in the global air compressor market and would continue to lead the market through 2020. Rotary air compressor technology was and would be the highest revenue generating segment in 2013-2020. Based on the analysis, the centrifugal air compressor market would witness tremendous growth during the forecast period. Asia-Pacific region is currently the market leader and would maintain its position throughout the forecast period. The LAMEA region is expected to register the highest growth in the global air compressor market.
High energy efficiency, low maintenance cost, eco-friendly operations, portability, and ability to deliver variation in supplied pressure are some of the factors driving the air compressor market. On the other hand, some of the restraints associated with air compressor market are rising cost of raw material, noise pollution, contaminated compressed air, bulky size, and others. The air compressor manufacturers are now concentrating on eliminating these restraints by introducing new technologies and solutions such as Turbocor and Thermoacoustic compressors.
To view the report, visit the website at http://www.alliedmarketresearch.com/air-compressor-market
Based on lubrication, the air compressors are segmented into oiled and oil-free compressors. Oiled compressor segment was the highest revenue-generating segment in 2013 and would continue to lead the market till 2020. The wide-scale application of oiled air compressors in heavy duty industries such as mining, automobile, petroleum, chemical, etc., is a major driving factor for the oiled air compressor market.
Based on the principle of operation and design the air compressor, market is broadly classified into three segments viz., reciprocating, rotary, and centrifugal air compressors. Rotary was the highest revenue-generating segment in 2013 and would continue to lead the market during the forecast period. The centrifugal air compressor segment is expected to exhibit the fastest growth based on its wide scale application, capability to deliver high and constant flow of air pressure along with its oil-free operations.
Based on mobility, the air compressor systems are segmented into stationary and portable machines. The stationary air compressors were the major revenue contributors in 2013 and would continue to drive the market through 2020 based on their wide-scale applications in heavy duty industry. Portable air compressors are largely used in construction, laboratory, pharmaceutical, and electronic industries.
Key findings of the study:
- Rotary air compressors would continue to lead the market through 2020
- The share of centrifugal air compressors would gradually increase over the years
- By 2020, the use of oil-free air compressors would be as popular as the oiled compressors
- Asia-Pacific and Europe would prove to be the most lucrative markets in terms of revenue; whereas, LAMEA market would grow substantially
- Growing demand for energy efficient, noise and pollution free power sources would drive the global air compressor market
Several air compressor vendors and manufacturers are concentrating on developing application specific air compressors, which are in sync with the requirements of the end users. Atlas Copco, Ingersoll Rand, Kobel, Mitsubishi Heavy Industries Ltd., Kirloskar, Sulzer, Ebara, and ELGI are the major market players that are profiled in the report. Product launch, acquisition and expansion are the prime corporate strategies adopted by these companies. Atlas Copco, one of the air compressor market leaders, has redesigned and launched its SF series of oil-free scroll compressors. These air compressors are silent, reliable, oil-free, compact, and meet the demands of the end users and OEMs. The high demand for diesel, gasoline, and other fuels has led to the establishment and expansion of petrochemical plants and oil refineries in Brazil. Eyeing on this opportunity, Kobe Steel Ltd., recently announced its expansion into the South American air compressor market. Air compressors are widely used for compressing and transporting gases in oil and gas processing plants. With an aim of broadening its air compressor product and service portfolio, along with gaining access to advance air compressor technology, Ingersoll Rand has acquired Cameron’s centrifugal compression division. Ingersoll Rand finds this acquisition to be a perfect strategic fit with its compressed air business, which will help in strengthening its current market position.
North American Air Compressor Market is Expected to Reach $6.6 Billion by 2020 – Allied Market Research
According to a new report by Allied Market Research, titled “North American Air Compressor Market (Type, Technology, Lubrication Type and Countries) - North America Opportunity Analysis and Forecast - 2013 – 2020″, the North American air compressor market is forecast to reach $6.6 billion by 2020, growing at a CAGR of 6.1% during the period 2014 – 2020. The North American market highlights the potential of centrifugal air compressors which currently represent around 15% of the total market size by value. By 2020, the centrifugal air compressor market is expected to grow to double of its current size, representing over 30% of the total market size by value. The need of pure air in applications in FMCG, medical and pharmaceutical industries would increase the adoption of oil-free air compressors, which is expected to generate over 46% of market size by value by 2020. The North American market which was badly hit at the time of recession, is recovering due to the reinitiating of the stalled projects since 2012 onwards.
To view the report, visit the website at http://www.alliedmarketresearch.com/north-american-air-compressor-market
Among the various lubrication methods, oil lubrication is commonly adopted in the North American market. The oil lubricated air compressors contributed more than ½ of the market size by value in 2013. Based on mobility, the air compressor systems are segmented into stationary and portable models. The stationary air compressors were the major revenue contributors in 2013 and would continue to drive the market through 2020, based on their wide scale applications in heavy duty industry. The portable air compressors are found useful in on-site construction applications, FMCG industry and medical & pharmaceutical purposes. Conclusively, applications of air compressors are observed in enormous industries such as FMCG, oil & gas, manufacturing, automotive, etc., due to energy efficiency, eco-friendliness and portability of these machines. Additionally, the increased oil exploration activities in U.S.A. and Mexican territories are driving the usage of heavy duty air compressors in the region.
The North American air compressors market is classified into three categories based on the technology of operation, namely reciprocating, rotary and centrifugal air compressors. Rotary and reciprocating are positive displacement air compressors; whereas, centrifugal is a dynamic air compressor. Rotary air compressor was the highest revenue generating segment in 2013 and would continue to lead the market during the forecast period. Centrifugal air compressor market is also expected to witness high growth due to its wide scale application, and capability to deliver high and constant flow of air pressure along with its oil free operations.
Key findings of the study:
- The share of centrifugal air compressors is expected to grow at a CAGR of 16.7% during 2014 – 2020.
- By 2020, the market size by value of oil-free air compressors would be at par with oil lubricated air compressors market.
- The portable air compressors would experience increase in adoption during 2014 – 2020, generating about 45% of the market revenue by 2020.
- The ability to operate with optimum power requirement and supply quality air output should increase adoption of air compressors among the non-industrial usages.
Atlas Copco, Ingersoll Rand, Kobe Steel, Ebara Corp., Sullair, VMAC, Mitsubishi Heavy Industries Ltd., Campbell Housefeld, Sulzer, and Porter Cable are the major market players that are profiled in the report. Among the various strategies adopted by these key players, product launch has emerged as the prime strategy which has been adopted by most of the players. Rotary air compressors which contribute to over 50% of the market revenue, has been identified as a product to launch with innovative offerings.
According to a new report by Allied Market Research titled “UV Disinfection Equipment Market – Size, Industry Analysis, Trends, Growth, and Forecast, 2013-2020″, the global UV disinfection equipment market has a potential to reach $2.8 billion by 2020, registering a CAGR of 15.3% during 2014-2020. The present progress witnessed in the market is due to the growing environmental concerns, toxicity of industrial water wastes, and the shrinking freshwater sources. Wastewater treatment through UV disinfection equipment should garner almost 1/3rd of the global market by 2020. Presently, the water treatment application has the highest market share, as it is a volume-driven application. North America holds nearly 40% of the market as the technology is widely used in the region. However, chemical-based water disinfectants are still prevalent in the developing regions, especially among numerous municipal corporations. Acceptance of UV based technology in these regions would eventually add to the growth of the market in APAC and LAMEA.
To view the full report, visit the website at http://www.alliedmarketresearch.com/UV-disinfection-equipment-market
UV disinfection is evolving as the latest technology in the water treatment industry. Replacement of chlorine-based disinfection with advanced disinfection techniques (UV and ozone being two major technologies) is the key trend boosting the adoption of UV technology. Low installation and operational cost, along with residue-less functioning, and ease of maintenance are the key propellants of UV disinfection market. Moreover, UV nearly doubles the operational efficiency (in terms of time required to disinfect water) in water treatment, compared to chlorine based disinfection techniques. The growth of the healthcare and chemical industry is creating tremendous opportunities for the UV disinfection equipment market. However, widespread use of chlorine based low-cost disinfection method is a major restraint for the market.
UV disinfection finds its uses in diversified areas, majorly in water treatment, wastewater treatment, air treatment, process-water treatment, and surface disinfection. Among these, water treatment leads the market, accounting to almost 60% of the total market share, as it is a volume-driven application (in terms of number of UV equipment utilized). Wastewater treatment indicates the maximum potential for growth during the forecasted period. Scarcity of freshwater is a major concern globally; therefore, there is a growing emphasis on the treatment and reuse of wastewater, which would boost the growth of this application.
The report also analyzes the application of water treatment in municipalities, residences, and commercial sectors. Currently, municipal water treatment segment holds more than 50% of the share in the water treatment application of UV equipment. Use of UV equipment in municipal water treatment has increased significantly, as it is considered to be an efficient and eco-friendly system that eliminates the use of chemicals. Therefore, several municipalities have started transforming their chemical-based disinfection plants to UV light-based plants. Residential water disinfection is the second largest revenue generating application followed by commercial applications.
Key findings of the study:
- Global market for UV disinfection equipment is gaining prominence due to its increasing applications in water disinfection
- Growing freshwater crisis has further led to a greater emphasis on the use of UV for waste water treatment
- Use of UV disinfection in water treatment contributes to more than half of the revenue of the global UV disinfection equipment market
- Based on the geographic analysis, North America is the highest revenue-generating region, followed by Europe with nearly the same market share
- In 2013, municipal water treatment held approximately 4/5th of the UV disinfection equipment application market in water treatment
- Waste water treatment is the fastest growing application area for UV disinfection equipment
The North American region has the highest market revenue due to early adoption of technology and favorable government initiatives. Developing nations of APAC and LAMEA would witness notable growth during the forecasted period due to the growing awareness of non-hazardous disinfection systems.
In November 2013, Calgon Carbon Corporation signed a 10-year contract (estimated to $2 million annually) with the city of Glendale, Arizona for reactivation of services with the use of carbon and UV to treat the city’s drinking water. This trend may pave the way for market players to further explore the municipal sector. Aquionics, Atlantic Ultraviolet Corporation, Calgon Carbon Corporation, Trojan Technologies, Philips Lighting, Xylem Inc., Severn Trent Services, Xenex Disinfection Services LLC., and American Ultraviolet, Inc. are the leading companies operating in this market.