UV LED Market - Forecast(2021 - 2026)
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• UV LED is forecast to reach $1.2 billion by 2026, growing at a CAGR of 20.3% from 2021 to 2026. • The UV LED Market is estimated to witness a sustainable growth over the forecast period majorly because of the environment friendly features for use in various applications. • Rise in Environmental concerns is one of the major driving factors of UV LED Market in global level. • Moreover, with the ongoing governmental regulations in global market for deploying energy-efficient lightings such as LED lightings, which tend to create a major impact in the rapid adoption of UV LEDs. Contact: (+1) 970-2363677 Email: sales@industryarc.com
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Key Takeaways • The UV LED Market is estimated to witness a sustainable growth over the forecast period because of the rising environmental concerns for adopting eco-friendly lighting systems at various industries. • The other factor responsible for the growth of UV LED Market are the various environmental friendly features it offers to the sterilization industry and different disinfection processes such as of water, air and different surfaces. • In addition, increasing safety concerns over water-borne diseases have brought an increase in people's awareness of consuming treated water. The growing awareness of the benefits of treated water consumption has impacted the applications UV LED that tend to propel its market growth. Contact: (+1) 970-2363677 Email: sales@industryarc.com
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By Distribution Channel- Segment Analysis Ultraviolet C (UV-C) has dominated the UV LED Market with a share of 46.5% in 2020. In general, UV-C LEDs have wavelength range of 275 nm (280-100 nm) and they are available in different power levels and styles. Offering different operations in various industries, UV-C is available in different light sources such as single, chip-on-board and strip module of different specifications. Longer strip lengths with higher outputs is one of the widely used type. LED's have been increasingly used in applications where UV lamps (mercury, xenon, amalgam, excimer) have operated for decades Contact: (+1) 970-2363677 Email: sales@industryarc.com
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UV LED Market Industry Outlook • • • • • • • • • •
Lumileds Holding BV Nordson Corporation Seoul Viosys Co.Ltd. Honle UV America Inc. LG Innotek Co. Ltd Halma Plc Heraeus Holding Gmbh Hnle Group OSRAM Koninklijke Philips N.V.
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UV LED Market - Forecast(2021 - 2026) Learn More About the Report
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