Ultraviolet Light Market Overview; Key Trends, Market Size, and Key Factors Defining the Industry 2012 - 2018
Ultraviolet light is used for water, air and soil treatment which diminishes pathogens present in them, and the germ count as well. The ultraviolet light market is expected to cross USD 2 billion by 2018 at a CAGR of 12.5%. Ultraviolet light is more economical and eco-friendly compared to chemical substances used in water treatment which is the primary reason for this growth. The UV water treatment market represents the largest as well as fastest growing market by revenue. UV water treatment equipment has a wide range of industrial applications in purifying water, waste water treatment, semiconductor manufacturing, pharmaceutical products, air purification, and in the food and beverage industry. Fastest growth is expected in waste water treatment application at a CAGR of 18% from 2012 to 2018. North America represents the largest market for UV water treatment equipment followed by Europe. Owing to growing industrialization and changing regulations regarding th...