The global UV LEDs market was valued at US$ 617.8 million in 2019 and it is expected to reach US$ 6969.4 million by the end of 2026, growing at a CAGR of 40.9% during 2021-2026.
Light Emitting Diode (LED) is a solid-state semiconductor devices, which can convert the energy from an electric current into light. UV-LED is a kind of LED. Below the visible spectrum lies a band of wavelengths called ultraviolet (UV). Ranging from 100 to 400 nm, the radiation can effectively be used to sterilization, perform forensic analysis, cure materials and disinfect water, among many other applications.
Ultraviolet LED light source industry is an emerging high-tech industry.Today, ultraviolet leds are just beginning to replace traditional ultraviolet light sources in many highly alienated markets.The ultraviolet LED market is a fraction of the multi-billion dollar visible LED lighting market.This market belongs to sunrise industry, it is the best time for high-tech enterprises to enter.Currently, Japan is the world’s largest producer of UV LED chips, with a market share of 26%.Mainstream manufacturers in Japan include Japan chemical, Stanley, NIKKISO, etc.However, the ultraviolet LED products in other developed countries are generally at a relatively advanced level, and the world’s large enterprises are mainly concentrated in North America, South Korea, Japan and so on.Currently, major global manufacturers include LG Innotek (Korea), Nichia (Japan), SEOUL VIOSYS (Korea), SETi (North America), HexaTech (North America), SemiLED (SemiLED radio bay) and Chinese enterprises:Qingdao Jason electric (China), zhejiang province wei lang photoelectric (China), in xi ‘an for photoelectric (China). The LG Innotek global uv LED output and daily chemical nearly more than 15% of the share, Chinese enterprises with less than 10% of the GDP share. The main reason is that the upstream raw materials and production equipment are foreign monopoly, China through independent research and development production uv LED products manufacturer is still less than 10.UV LED has the characteristics of high technology content, high product competition threshold, easy to differentiate, and the customer base is relatively dispersed, high customization degree, is a niche market worthy of the layout of LED industry in Taiwan.With the rapid development of LED technology and price driving force, the original widely used in a variety of traditional industries and science and technology in the general traditional UV light source, the introduction of energy saving, long life, small size, fast point out speed, environmental protection without mercury and other advantages of UVLED light source, has gradually had the advantages and market feasibility.There is a huge opportunity in the current market for ultraviolet LED light sources.We believe that in the next five years, high-efficiency ultraviolet LED light source will be the key development direction of the ultraviolet light source market, and uvled-based ultraviolet light source product market will usher in a rapid growth period.
Global UV LEDs Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global UV LEDs Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are LG Innotek, Nichia, Philips Lumileds, Seoul Viosys, Stanley, Honle Group, Crystal IS, Nikkiso, Honglitronic, Honletech, High Power Lighting Corp, Semileds Corporation, Dowa Electronics, Lextar, InvenLux Optoelectronics, High Power Lighting Corp and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-uv-leds-market-research-report
Segment by Type
- UV-A LED
- UV-B LED
- UV-C LED
UV-A LED accounts for 73% of the largest segment of applications.
Segment by Application
- Analytic Tools
- Sterilization and Disinfection
Sterilization and Disinfection to occupy the largest market share reached 54%
Table of Content:
1 UV LEDs Market Overview
2 UV LEDs Market Competition by Manufacturers
3 UV LEDs Retrospective Market Scenario by Region
4 Global UV LEDs Historic Market Analysis by Type
5 Global UV LEDs Historic Market Analysis by Application
6 Key Companies Profiled
7 UV LEDs Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 UV LEDs Market Dynamics
10 Global UV LEDs Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta