The global disinfection equipment market are likely to grow at over 13% in 2021, with COVID-19 induced behavioral nudge likely to influence market.
In the previous ten years, a cascade of advances have bolstered disinfection equipment manufacturers’ sales prospects. Foam soaps, touchless bathrooms, and microfibers, among other previously unknown product categories, have appeared in facilities spanning industries, households, and commercial sectors.
The US Occupational Safety and Health Administration proposed rigorous ergonomics regulations for American workplaces in the 1990s, and numerous major manufacturers were concerned that their tools and equipment would not meet the new requirements.
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- Disinfection liquid market will reach a valuation of US$ 25.5 bn globally by the end of 2030, as growth continues at an accelerated pace
- Demand from commercial sector is currently high, however, market of disinfection equipment are expected to soar at a higher pace in industrial sector over the forecast period
- Online market channel will be more preferred in the near future in comparison to physical shops
- East Asia will continue offering lucrative opportunities, backed by surging demand in South Korea, China, and Japan
- UV disinfection will remain highly sought-after due to its application across diverse industries
“Disinfection equipment manufacturers are massively gaining amid the rising adoption of safety measures to contain the spread of novel coronavirus. While market will continue surging, market players are likely to focus on innovation to gain competitive edge. Several companies are already launching UV disinfection equipment to decontaminate smartphones, cash, masks, among others from germs,” said a lead analyst at FMI.
Production Surging Amid COVID-19
The production of disinfectant sprays and UV disinfection equipment is surging amid COVID-19. At a time when other markets are struggling to cope with drastic changes in consumer behavior, opportunities across disinfection equipment market have impelled some of the leading manufacturing companies to rethink their portfolios.
For instance, companies such as Signify Innovations India, earlier referred to as Philips Lighting India have ventured in disinfection space with the launch of UV-C based portable disinfection unit.
While new strains of coronavirus are causing uproar in the global economy, soaring concerns regarding virus and germs are paving way for entry of startups in the disinfecting space. PhoneSoap, a company dedicated to making devices that clean phones using UV light, has recorded a 1000% surge in growth earlier this year, according co-founder and president of PhoneSoap Dan Barnes.
This figures are clearly indicative of increasing production of disinfection equipment, a trend which is likely to continue through the forecast period.
Who is Winning?
Disinfection equipment manufacturers are focusing on product launches to gain competitive advantage. For instance, ITC was prompt to launch zero contact “Savlon Disinfectant Spray” in April 2020 to tackle sanitization need around homes.
Garsite, which is a leading producer of aviation refueling has launched its line of disinfecting equipment that offers simple and no-touch application of chemicals to ensure efficient disinfectant distribution.
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FMI profiles some of the leading market players. These include Trojan Technologies, Belimed AG, Getinge AB, Advanced Sterilization Products Services Inc, Xylem, Sotera Health, Shinva Medical Instrument, STERIS Corporation, Matachana, 3M Healthcare, Heraeus, BD, Cardinal Health Inc., and others.
- Disinfection Sprayers
- Electrostatic Sprayers
- UV Disinfection
- Wholesalers/ Distributors
- Online Retailers
- Independent Small Stores
- Other Sales Channels
- North America
- Latin America
- East Asia
- South Asia
- Middle East and Africa (MEA)
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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