Over the period of 2019 to 2029, TMRR notes that the global ultra violet lamps market would chart a steady growth rate and a strIng of varied growth factors will back it up. One of the most significant factors of growth in the market is that the number of applications of these lamps is growing. Traditionally, it has been used for UV curing, tanning, air and water purification, etc. The efficiency of producing radiation at high efficiency, which aids in killing bacteria and thus in disinfecting and deactivating growth of pathogens, also underlines the projected growth.
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The moderately fragmented landscape of global ultra-violet (UV) lamps market is a competitive arena. To be able to navigate through the intense competition and chart growth, companies opt for organic strategies as well as inorganic strategies. These include offering better and innovative products and entering into joint ventures. This also explains why technology holds a prominent place in the market. Some of the top players occupying the vendor landscape of the global ultra violet (UV) lamps market are Danaher Corp., Alpha-Cure Ltd., Heraeus Holding GmbH, Halma Plc, Kuraray Co. Ltd., IST Metz GmbH, Severn Trent Plc, OSRAM Licht AG, and Xylem Inc., among others.
A regional analysis is also required here, to understand growth dynamics of the global ultra violet (UV) lamps market. Market experts claim that over the forecast period that is mentioned above, Asia Pacific (APAC) region will be a profitable market, attracting players to its landscape in a significant manner. Growth in technology and increasing awareness are major factors, impacting growth of the region in a positive manner. It is quite pertinent to make note of the fact here that over the stated period, there is another region that will hold the players’ interest and that is North American region, which is se tto witness notable contributions from North America.
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