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UV LED Market to reach $1.71 billion by 2027

UV LED Market by Type (UV-A, UV-B, and UV-C), Material (Silicon Carbide, Gallium Nitride, Sapphire, and Other), and Application (Curing, Purification, Indoor Gardening, Counterfeit detection, and others), and Industry Vertical (Healthcare & Medical, Agriculture, Industrial, Residential, and Commercial): Global Opportunity Analysis and Industry Forecast, 2020-2027

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UV LED Market to reach $1.71 billion by 2027

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  2. UV LED Market “The UV LED market in Asia-Pacific is expected to grow at the highest CAGR during the forecast period, owing to rise in industrialization and increase in manufacturing activities in India, China, and South Korea. Moreover, this region is anticipated to gain significant growth during the forecast period, owing to major vendors based in Japan and China are making huge investments in line with the expanding applications of UV LEDs such as disinfection and sterilization.” Himanshu Jangra - Lead Analyst Semiconductor and Electronics at Allied Market Research Download PDF Sample

  3. UV LED Market According to a new report published by Allied Market Research, titled, “UV LED Market by Type, Application, and End User: Opportunity Analysis and Industry Forecast, 2020–2027” the global UV LED industry size was valued at $0.35 billion in 2019, and is projected to reach $1.71 billion by 2027, registering a CAGR of 21.7% during the forecast period. North America is the leading contributor to the global UV LED market, followed by Europe and Asia-Pacific in 2019. The UV LED includes various type of technologies such as UVA, UVB, and UVC. These technologies are used to fabricate LEDs for water purifiers, air purifiers, surface purifiers, sterilization, curing, indoor gardening, and others. The UVA technology holds the largest share in the overall UV LED market across the globe. Download PDF Sample

  4. UV LED Market The UV LED market is gaining popularity and emerging as a strong replacement for traditional incandescent bulbs. Furthermore, increase in demand for the UV LED lightings from the developed countries and growth in the awareness among the consumers in the developing nations are expected to boost the market growth. On the contrary, the development and innovative photo initiators market is anticipated to create lucrative opportunity for the UV curing application in industries associated with graphic arts and coatings. Download PDF Sample

  5. UV LED Market Download PDF Sample

  6. UV LED Market MajorCompanies: NORDSON CORPORATION, LG INNOTEK CO. LTD, SEMILEDS CORPORATION, NICHIA CORPORATION, KONINKLIJKE PHILIPS N.V., CRYSTAL IS (ASAHI KASEI), OSRAM, LUMILEDS HOLDING B.V., SENSOR ELECTRONIC TECHNOLOGY, PHOSEON TECHNOLOGY occupy a prominent revenue share in the UV LED Market. These key players have adopted strategies, such as product portfolio, agreements, and partnership to enhance their position in the UV LED Market. Download PDF Sample

  7. UV LED Market Contact: David Correa 5933 NE Win Sivers Drive #205, Portland, OR, United States TollFree (USA/Canada): +1-800-792-5285, +1-503-894-6022 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1(855)550-5975 help@alliedmarketresearch.com Web: https://www.alliedmarketresearch.com Download PDF Sample

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