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Ultraviolet LED Market Trend, Forecast, Drivers, Restraints, Company Profiles and Key Players Analysis by 2027

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Ultraviolet LED Market Trend, Forecast, Drivers, Restraints, Company Profiles and Key Players Analysis by 2027

April 06
03:54 2021
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

Market Size – USD 290.0 Million in 2019, Market Growth – CAGR of 20.2%, Market Trends – Growth in UV LED lights for different applications

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.

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Key Market Competitors

The global Ultraviolet LED industry is widely fragmented due to the presence of numerous competitors across several regional and local segments of the market. These players are said to dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies operating in this market are in high competition with one another in terms of technological capabilities, product development and innovation, and product pricing strategies.

Key participants 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.

For the purpose of this report, 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

The Global Ultraviolet LED Market can be geographically bifurcated on the basis of regional demand, output, and estimated revenue share. The most prominent regions dictating the global market include: 

  • North America (U.S., Canada, Mexico)
  • Europe (U.K., Germany, France, Italy)
  • Asia Pacific (China, Japan, India, Korea)
  • Latin America (Brazil, Argentina, Ecuador, Chile)
  • Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran)

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The following are the main reasons to buy the Global Ultraviolet LED Market report:

  1. The latest report closely evaluates the overall market size and infers on various aspects, such as the current business trends, market share, product offerings, and product share.
  2. It offers a detailed account of the end-use applications of the products & services offered by this industry.
  3. It offers an insightful analysis of the various regional segments of the market that are projected to witness enormous growth over the forecast period.
  4. Furthermore, the report covers the latest developments taking place in the market and effective business strategies implemented by the leading market rivals.

The report considers the following market growth estimation timeline:

  1. Historical Years: 2017-2018
  2. Base Year: 2019
  3. Estimated Year: 2027
  4. Forecast Years: 2020-2027

Table of Content

Chapter 1. Methodology & Sources
    1.1. Market Definition
    1.2. Research Scope
    1.3. Methodology
    1.4. Research Sources
          1.4.1. Primary
          1.4.2. Secondary
          1.4.3. Paid Sources
    1.5. Market Estimation Technique
Chapter 2. Executive Summary
    2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Ultraviolet LED Market Segmentation & Impact Analysis

    4.1. Ultraviolet LED Market Material Segmentation Analysis
    4.2. Industrial Outlook
          4.2.1. Market indicators analysis
          4.2.2. Market drivers analysis
                    4.2.2.1. Rising growth in the usage of environment safe LEDs
                    4.2.2.2. Government initiatives toward energy efficiency products
                    4.2.2.3. Increase in the implementation of Ultraviolet (UV) curing system
          4.2.3. Market restraints analysis
                    4.2.3.1. Heavy pricing of UV LEDs
    4.3. Technological Insights
    4.4. Regulatory Framework
    4.5. Porter’s Five Forces Analysis
    4.6. Competitive Metric Space Analysis
    4.7. Price trend Analysis
    4.8. Covid-19 Impact Analysis

Chapter 5. Ultraviolet LED Market By Technology Type Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)
    5.1. Technology Type Dynamics & Market Share, 2019 & 2027
          5.1.1. UV – A
          5.1.2. UV – B
          5.1.3. UV – C

Chapter 6. Ultraviolet LED Market By Applications Insights & Trends Revenue (USD Million), Volume (Kilo Tons)
    6.1. Applications Dynamics & Market Share, 2019 & 2027
          6.1.1. Optical Sensors and Instrumentation
          6.1.2. Counterfeit Detection
          6.1.3. UV Sterilization
          6.1.4. Medical Light Therapy
          6.1.5. UV Curing

CONTINUED…!!

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Website: https://www.emergenresearch.com/industry-report/ultraviolet-led-market

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