UV LED Market Growth of the Industry in 2022, Key Players, Market...

UV LED Market Growth of the Industry in 2022, Key Players, Market Segments Forecast to 2030

Posted 2023-05-08 04:45:50

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.

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.

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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The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.

The leading market contenders listed in the report are:

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.

Target Audience of the Global Ultraviolet LED Market Report:

Key Market Players
Investors
Venture capitalists
Small- and medium-sized and large enterprises
Third-party knowledge providers
Value-Added Resellers (VARs)
Global market producers, distributors, traders, and suppliers
Research organizations, consulting companies, and various alliances interested in this sector
Government bodies, independent regulatory authorities, and policymakers

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Major Geographies Analyzed in the Report:

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Market Segmentations of the Ultraviolet LED Market

This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2022 and 2030. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Ultraviolet LED market on the basis of product, application, and region:

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)

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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.

Additional information offered by the report:

Along with a complete overview of the global Ultraviolet LED market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
The report elaborates on the global Ultraviolet LED market size and share governed by the major geographies.
It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
It further presents a detailed description of the company profiles of the key market contenders.

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