The global UV LED market was valued at US$ 891 million in 2020 and it is expected to reach US$ 9943 million by the end of 2027, growing at a CAGR of 40.9% during 2021-2027.
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.
Japan is the largest UV LEDs market with about 29% market share. China is follower, accounting for about 20% market share.The key manufacturers 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 etc. Top 3 companies occupied about 29% market share.
Global UV LED 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 LED 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-led-market-outlook
Segment by Type
- UV-A LED
- UV-B LED
- UV-C LED
Segment by Application
- Analytic Tools
- Sterilization and Disinfection
Table of Content:
1 UV LED Market Overview
2 UV LED Market Competition by Manufacturers
3 UV LED Retrospective Market Scenario by Region
4 Global UV LED Historic Market Analysis by Type
5 Global UV LED Historic Market Analysis by Application
6 Key Companies Profiled
7 UV LED Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 UV LED Market Dynamics
10 Global UV LED 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