Market Research Report
North America Uv LED Market Forecast 2019-2028
|Published by||Inkwood Research||Product code||951288|
|Published||Content info||129 Pages
Delivery time: 2-3 business days
|North America Uv LED Market Forecast 2019-2028|
|Published: July 27, 2020||Content info: 129 Pages||
The North America UV LED market is predicted to register a CAGR of 19.33%, during the forecast period of 2019 to 2028. Key drivers fueling the market growth include high-security activities and advancements in the power and energy industry.
The North America UV LED market growth is evaluated across the United States and Canada. According to the Canadian Center for Occupational Health and Safety (CCOHS), presently, there are no directory occupational exposure limitations for UV radiation. As a result, several jurisdictions in the country follow the recommendations of the American Conference of Governmental Industrial Hygienists (ACGIH). These regulations have opened up numerous opportunities for US-based UV LED manufacturers, to garner substantial revenue within the market. Moreover, Ontario has witnessed critical developments in cleantech innovations, primarily regarding UV water treatment solutions. With enterprises generating innovative water technologies, the Canadian government has established remarkable efforts through the 2018 Environmental Plans, and acknowledging waterways, lakes, and groundwater as the foundation of economic prosperity and welfare.
Canada's industrial segment's primary operations are implemented in the print sector. As manufacturers continue utilizing a diverse range of curing applications, an increasing number of companies are also incorporating UV LEDs. This is attributed to advantages like the potential to generate higher results, lower maintenance costs, minimized scrap, and precision control. Additionally, a longitudinal study revealed that UVC disinfection lights significantly reduce the risk of post-surgery infections, by over 66%. Hence, these factors are projected to drive the region's market growth.
Honle UV America Inc, Lumileds Holding BV, Phoseon Technology, Nordson Corporation, Nichia Corporation, etc., are among the prominent companies in the market.
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