May 20, 2022

The new report by Expert Market Research titled, ‘Global UV LED Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global UV LED market, assessing the market based on its segments like type, application, end use, and major regions like Asia Pacific, Europe, North America, Middle East and Africa and Latin America. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2017-2027)

  • Historical Market Size (2021): USD 0.52 Billion
  • Forecast CAGR (2022-2027): 21.7%
  • Forecast Market Size (2027): USD 1.72 Billion

The growth of the global market for UV LEDS is driven by its application in sterilisation and purification appliances across various sectors. The application of UV LEDs in curing, phototherapy, disinfection and sterilization, forensic, printing and manufacturing of high-end health and beauty products is anticipated to bolster the demand. Additionally, increasing global environment concern for toxicity and high energy consumption of mercury amalgam-based UV lamps is likely to further aid in the increasing popularity of UV LEDs. Moreover, increasing demand for sterilisation and purification products in water filters due to rapidly expanding population is anticipated to push the growth further. Furthermore, the market is projected to be boosted by the rising demand for various UV based sterilization equipment from pharmaceutical and biotechnology sector over the forecast period.

Industry Definition and Major Segments

UV LEDs also known as ultraviolet light-emitting diodes refer to electrical devices which convert electricity to ultraviolet light. LEDs are semiconductor devices that generate light when electrical current passes through it. UV LEDs find application across various industries and are more eco-friendly than UV lamps.

Explore the full report with the table of [email protected] https://www.expertmarketresearch.com/reports/uv-led-market

By type, the market is divided into:

  • UV-A
  • UV-B
  • UV-C

On the basis of application, the industry can be categorised into:

  • Curing
  • Disinfection/Purification
  • Indoor Gardening
  • Counterfeit Detection
  • Others

Based on end use industry, the market can be segmented into:

The regional markets for UV LED include:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market Trends

Regionally, the Asia Pacific if anticipated to hold the significant share in the global market for UV LEDs. The increasing investment by key players for expanding UV LED technology in countries like Japan and China will likely drive the regional growth. Additionally, the increasing demand for UV LEDs in water purification and sterilisation propelled by the rapidly expanding population, will likely aid the market growth. The region is also projected for witness the fastest growth over the forecast period. Meanwhile, North America is anticipated to follow Asia Pacific owing to increasing research and development activities in pharmaceutical and biotechnology sector.

Key Market Players

The major players in the market are Nordson Corporation, Lumileds Holding B.V., Nichia Corporation, OSRAM GmbH, and a few others.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

Media Contact

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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