Mexico Ultraviolet Disinfection Equipment Market Size & Outlook
Mexico ultraviolet disinfection equipment market, 2018-2030 (US$M)
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Mexico ultraviolet disinfection equipment market highlights
- The Mexico ultraviolet disinfection equipment market generated a revenue of USD 53.4 million in 2023 and is expected to reach USD 80.8 million by 2030.
- The Mexico market is expected to grow at a CAGR of 6.1% from 2024 to 2030.
- In terms of segment, uv lamps was the largest revenue generating component type in 2023.
- UV Lamps is the most lucrative component type segment registering the fastest growth during the forecast period.
Ultraviolet disinfection equipment market data book summary
| Market revenue in 2023 | USD 53.4 million |
| Market revenue in 2030 | USD 80.8 million |
| Growth rate | 6.1% (CAGR from 2023 to 2030) |
| Largest segment | Uv lamps |
| Fastest growing segment | UV Lamps |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | UV Lamps, Ballasts/Controller Units, Quartz Sleeves, Reactor Chambers, Other Component Type |
| Key market players worldwide | Xylem Inc, Halma PLC, Kuraray Co Ltd, Dr Hoenle AG, Trojan Technologies, Atlantic Ultraviolet, Evoqua Water Technologies, Advanced UV, Inc, American Ultraviolet, Atlantium, Lumalier, Xenex, Grundfos, Hitech Ultraviolet Pvt. Ltd. |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.4% of the global ultraviolet disinfection equipment market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. ultraviolet disinfection equipment market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 1,617.8 million by 2030.
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Ultraviolet Disinfection Equipment Market Scope
Ultraviolet Disinfection Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico ultraviolet disinfection equipment market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ultraviolet disinfection equipment market will help companies and investors design strategic landscapes.
Uv lamps was the largest segment with a revenue share of 37.45% in 2023. Horizon Databook has segmented the Mexico ultraviolet disinfection equipment market based on uv lamps, ballasts/controller units, quartz sleeves, reactor chambers, other component type covering the revenue growth of each sub-segment from 2018 to 2030.
According to the World Bank, Mexico is the second-largest economy in North America and the 15th largest economy in the world. Over the last few years, North America has witnessed economic volatility because of stringent trade policies by the U.S. on the import of Chinese goods.
This has adversely affected the regional growth on a macro-economic level and created favorable grounds for investments in Mexico. According to the IMF forecasts, the Mexican GDP contracted by 8.2% in 2020.
However, the GDP is anticipated to improve in the coming years with the IMF forecasting 5% growth in 2021 and 3% growth in 2022, depending on post-pandemic global economic recovery. Mexico is a geographically critical location for outsourcing production activities as it is adjacent to the U.S., one of the major export destinations for component manufacturers.
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Our clientele includes a mix of ultraviolet disinfection equipment market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico ultraviolet disinfection equipment market , including forecasts for subscribers. This country databook contains high-level insights into Mexico ultraviolet disinfection equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico ultraviolet disinfection equipment market size, by component type, 2018-2030 (US$M)
Mexico Ultraviolet Disinfection Equipment Market Outlook Share, 2023 & 2030 (US$M)
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