UV LED Market Share, Size, Trend, Future Demand, and Forecast, 2022–2030

The Global UV LED Market research report is a complete document that explains the most recent breakthroughs and advancements in the UV LED industry, using 2019 as the base year and 2022–2030 as the forecast year. The analysis offers insightful data on the market’s size, share, sales channels, distribution networks, market segmentation, consumer demands and trends, and growth prospects. The expansion of regional and global markets is also examined in the study. In the paper, the effect of the COVID-19 pandemic on the market for UV LED and its important sectors is studied.

The global UV LED Market size was USD 846.0 Million in 2021 and is expected to register a revenue CAGR of 23.6% during the forecast period, according to the latest analysis by Emergen Research.

Market revenue is mainly driven by the rise of UV LED technology in the agricultural sector. The increasing adoption of LED technology for industrial and commercial UV-curable materials such as inks, the influence of the use of UV LEDs, an increasing number of government policies in favor of energy savings and deployment of UV LED technology applications, and the emerging miniaturization trend in consumer electronics The UV LED device is a technology that converts electrical energy into ultraviolet light, which is used in a variety of applications such as sterilization, disinfection, forensics, indoor gardening, purification, and medical phototherapy.

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Competitive Terrain:

The global Ultraviolet LED industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.

Leading Market Players Profiled in the Report:

Lumileds Holding BV, LG Innotek Co. Ltd, Honle UV America Inc., Nordson Corporation, Seoul Viosys Co. Ltd, Semileds Corporation, Aquionics Inc., Crystal IS Inc., Heraeus Holding GmbH and Fuji Xerox Co. Ltd.

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Some Key Highlights from the Report

Based on technology, the global UV LED market is segmented into UV-A, UV-B, and UV-C. The UV-C segment will account for a large share of sales in 2021. UV-C LEDs operate at wavelengths between 260 and 280 nm, which are known to inactivate bacteria and viruses, so the majority of commercial buildings now use LEDs as their primary lighting option. UV-C LEDs are typically composed of AlGaN compounds and generate UV photons through the electroluminescence of semiconductor crystals fabricated on sapphire or AlN substrates. These solid-state devices do not rely on other compounds subject to environmental limits, do not contain mercury, and require more energy, delaying the start of the sterilization process. That’s why we use low-pressure mercury UV-C germicidal lamps. The popularity of UV-C LED lighting has led companies to invest in developing UV-C LED lighting for use in hotels, trains, and hospitals.

In On February 2, 2022, GEW unveiled a fully air-cooled, high-performance UV LED system called AeroLED. The system is designed for applications up to 60 cm wide with full curing, printing, coating and converting. AeroLED’s innovative design provides performance and reliability while eliminating many of the operational issues present in current air-cooled LED systems on the market. Additionally, AeroLED’s innovative design makes LED printing more accessible and significantly more cost effective. AeroLED consumes the least energy of all his GEW products due to its effective optical design. This often results in energy savings of 50% to 70% compared to traditional UV arc systems.

Key market aspects studied in the report:

Market Scope: The report explains the scope of various commercial possibilities in the global Ultraviolet LED market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.

Competitive Outlook: The leading companies operating in the Ultraviolet LED market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.

Report Objective: The primary objective of this report is to provide the manufacturers, distributors, suppliers, and buyers engaged in this sector with access to a deeper and improved understanding of the global Ultraviolet LED market.

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Market Overview:

The report bifurcates the Ultraviolet LED market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.

Segments Covered in this report are:

Technology Outlook (Volume: Kilo Tons) (Revenue, USD Billion; 2019-2030)

Applications Outlook (Volume: Kilo Tons) (Revenue, USD Billion; 2019-2030)

Optical Sensors and Instrumentation

Counterfeit Detection

UV Sterilization

Medical Light Therapy

UV Curing

End User Outlook (Volume: Kilo Tons) (Revenue, USD Billion; 2019-2030)

Regional Outlook:

North America (the U.S., Canada, Mexico)

Europe (the U.K., Germany, France, Italy)

Asia Pacific (India, China, Japan, Korea)

Latin America (Brazil, Argentina, Ecuador, Chile)

Middle East & Africa (Egypt, Turkey, Saudi Arabia, Iran)

Key reasons to buy the Global Ultraviolet LED Market report:

The latest report comprehensively studies the global Ultraviolet LED market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.

The report offers an insightful analysis of the regional outlook of the market.

It offers a detailed account of the end-use applications of the products & services offered by this industry.

The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.

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