The growth of the market is attributed to the increase in utilization of ultraviolet curing systems and rapid rise in the usage of environment friendly LEDs
The global Ultraviolet LED Market is projected to reach USD 1.26 billion by 2027, according to a recent report by Emergen Research. The market growth is primarily driven by the reduced costs of ultraviolet (UV) equipped LEDs, along with increased ability, efficiency, and increased time period of the UV light LEDs in comparison with the normal LEDs. The worldwide ban on mercury vapor lamps post 2020, attributing to the health hazards of mercury, has additionally accelerated the expansion of the market.
The development of UV light LEDs with the assistance of next generation substrates, and also the rising application areas like medical care and purification, among others, pose a perfect measure for a number of the factors that may contribute towards the expansion of the market over the coming years. However, the transition from the UV light lamps to UV powered LEDs, and also the excessive quantity of thermal heat generation from UV diodes are acting as restraints to the expansion of the worldwide UV light equipped LED market.
Furthermore, the report provides further insights into the factors influencing the growth and expansion of the Ultraviolet LED sector. The report considers COVID-19 as a key contributing factor owing to its negative impact on several segments of the Ultraviolet LED market. The pandemic has disrupted the supply chains and affected the demands and trends of the market, and has induced financial difficulties. The report provides a comprehensive analysis of the current and future impact of the COVID-19 pandemic on the Ultraviolet LED market.
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Top competitors of the Ultraviolet LED Market profiled in the report include:
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.
Some Key Highlights from the Report
The trade players play an ideal role in finding the massive potential because of the fact that they’re extremely financed and more keen on getting into this sector. Few studies counsel that the employment of UV-based water medical care is extremely economical than atomic number 17 technique, because the UV-based water medical care operates has around 122 MW irradiation capability and a wavelength of 270 nm, that takes just about 2 minutes in reducing waste roughly by 90-99%.
Further, increasing issues over water-borne diseases have increased people’s awareness of intensely treated water. The growing awareness of the advantages of treated water consumption has UV powered LED lights market that caters to the present section, i.e., UV C LEDs
In May 2020, Seoul Viosys claimed that client inquiries for its variant named Violed UV LED light which might be used for sterilizing microorganism, increased over 5 times over March, fuelled by issues pertaining to the continued international unfolding of the virus inflicting COVID-19. Together with Korea University, the corporate showcased that its Violed variant might be able to eliminate around 99% of the SARS-COV-2 virus when employed for a 30-second dose from a distance of 3 centimeters, which is likely to boost its demand.
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Ultraviolet LED Market Segmentation:-
Emergen Research has segmented into the global Ultraviolet LED Market on the basis of technology, applications, end user and region:
Technology Outlook (Revenue, USD Billion; 2017-2027)
UV – A
UV – B
UV – C
Applications Outlook (Revenue, USD Billion; 2017-2027)
Optical Sensors and Instrumentation
Counterfeit Detection
UV Sterilization
Medical Light Therapy
UV Curing
End User Outlook (Revenue, USD Billion; 2017-2027)
Industrial
Residential
Regional Analysis of the Ultraviolet LED Market:
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)
In conclusion, the report provides a qualitative and quantitative analysis of the Global Ultraviolet LED market, including the global and regional analysis of the market. The study covers critical information and factual data about the Ultraviolet LED market industry, along with an in-depth statistical analysis of the market drivers, limitations, growth prospects, opportunities, and threats. On the basis of the current market scope, the report provides an extensive analysis of how the Ultraviolet LED market is expected to fare in the forecast timeline. The report utilizes advanced analytical tools to offer an estimation of the outlook of the global state of the Ultraviolet LED market industry.
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