Market Research Report
Global UV LED Market, By Technology (UV-A LED, UV-B LED and UV-C LED), By Application (Curing, Disinfection and Purification, Medical, Security and Others), By Region, By Company, Forecast & Opportunities, 2025
|Published by||TechSci Research||Product code||980863|
|Published||Content info||116 Pages
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|Global UV LED Market, By Technology (UV-A LED, UV-B LED and UV-C LED), By Application (Curing, Disinfection and Purification, Medical, Security and Others), By Region, By Company, Forecast & Opportunities, 2025|
|Published: January 1, 2021||Content info: 116 Pages||
Global UV LED market was valued USD 351.20 Million in 2019 and is forecast to grow at CAGR of over 26.12% in the next five years to surpass USD 1350.31 Million through 2025. The global UV LED market is driven by its use for number of growing applications including air and water purification system. In addition to this, eco-friendly composition of UV LED is positively impacting the growth of market during the forecast period. On account of certain benefits, it offers such as consumption of less energy when compared to mercury lamps, the global UV LED market is anticipated to grow over the next few years.
The global UV LED market is segmented based on technology, application, company, and region. Based on technology type, the market has been segmented into UV-A LED, UV-B LED and UV-C LED. The UV-C LED technology is expected to be the fastest growing segment in the market during the forecast period owing to increasing adoption of advanced disinfection & purification systems. Based on application, the market has been segmented into curing, disinfection and purification, medical, security, and Others. Out of which, the UV curing segment dominated the market until 2019 on account of its increased adoption in application areas such as printing, adhesives, and coating, among others. Also, disinfection & purification segment is anticipated to grow at high CAGR during the forecast period which can be accredited to rising need to curb water and air borne diseases with the help of these advanced UV LED based disinfection and purification systems.
The major players operating in the UV LED market are Seoulviosys Co., Ltd., Nichia Corporation, Nitride Semiconductors .Co.,Ltd., Phoseon Technology, LG INNOTEK, Semileds Corporation, Nordson Corporation, Lumileds Holding B.V., Koninklijke Philips N.V. and Crystal IS Inc.
Years considered for this report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021-2025
Objective of the Study:
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers and presence of all major players across the globe.
TechSci Research calculated the market size of global UV LED market using a bottom-up approach, wherein data for various application segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, global UV LED market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Disinfection and Purification
Middle East & Africa
Company Profiles: Detailed analysis of the major companies present in global UV LED market.
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Figure 6. Global UV LED Market Map, By Technology - Market Size (USD Million) & Growth Rate (%)
Figure 7. Global UV LED Market Map, By Application - Market Size (USD Million) & Growth Rate (%)
Figure 8. Global UV LED Market Map, By Region - Market Size (USD Million) & Growth Rate (%)