Quadintel recently published a new research report on the Global UV-C LED Market. In addition to prospective prospects, this study offers a historical analysis of growth, cost structure, revenue, market trends, and capacity (2023-2030). The following section offers comprehensive coverage of the UV-C LED Market across a number of market categories, in-depth research at the country level, and an assessment of the market’s key drivers, restraints, trends, and opportunities.
Global UV-C LED market to reach USD $$ billion by 2030. Global UV-C LED market is valued approximately at USD $$ billion in 2020 and is anticipated to grow with a healthy growth rate of about $% over the forecast period 2023-2030.
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UV-C LED refers to a light emitting diode device which emits UV (ultraviolet) light in the range of 100 – 280 nm wavelength. Such devices provide significant advantages over customarily used mercury lights as these are free of hazardous material, possess lower heat utilization, are capable to turn on and off momentarily without cycling limit, have greater toughness and directed heat extraction, etc. The global UV-C LED market is being driven by surge in adoption for water purification and growth in the utilization of UV curing systems. UV-C LEDs can also be integrated easily with a range of home appliances such as air purifiers, air conditioners, washing machines and others. Such integration with home appliances and consumer products will provide new opportunities for the global UV-C LED industry. UV-C LED technology is being widely used in water disinfection and purification and with increase in the demand for water and wastewater treatment, the market is expected to witness a positive impact. As per Statista, the water and wastewater treatment market size across the globe is expected to increase from USD 263.07 billion in 2020 to approximately USD 465.23 billion by 2028. This is likely to increase the demand and adoption of UV-C LEDs for water disinfection and purification and is expected to boost the market growth. However, thermal management of UV-C LED is a major challenge which may impede market growth over the forecast period of 2021-2027.
The regional analysis of the global UV-C LED market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific accounts for the largest share in terms of market revenue in the global UV-C LED market over the forecast period 2021-2027. Factors such as increasing awareness regarding disinfection methods using UV-C LEDs, technological advancements in manufacturing sector, government support such as incentives including subsidies, tax benefits, and others to adopt UV-C LEDs, etc. contribute towards the largest market share of the region. However, North America is expected to register the fastest growth rate in the forecast years. Factors such as technological advancements and product developments, increasing adoption for water purification, etc. contribute towards the fastest growth of North American region in the global market.
Major market player included in this report are:
AMS Osram
Asahi Kasei Corp. (Crystal IS, Inc.)
Convergever Inc., Ltd.
Dowa Holdings Co., Ltd.
Harvatek Corporation
Heraeus Holding GmbH
High Power Lighting Corp. (HPL)
IBT Group (IVY Bridge Technology Co., Ltd)
International Light Technologies, Inc.
Irtronix, Inc.
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Application:
Water/Air Disinfection
Sterilization
Healthcare
Industrial
Sensing
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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List of Factors Covered in the Report are:
Major Strategic Developments: The report abides by quality and quantity. It covers the major strategic market developments, including R&D, M&A, agreements, new products launch, collaborations, partnerships, joint ventures, and geographical expansion, accompanied by a list of the prominent industry players thriving in the market on a national and international level.
Key Market Features:
Major subjects like revenue, capacity, price, rate, production rate, gross production, capacity utilization, consumption, cost, CAGR, import/export, supply/demand, market share, and gross margin are all assessed in the research and mentioned in the study. It also documents a thorough analysis of the most important market factors and their most recent developments, combined with the pertinent market segments and sub-segments.
List of Highlights & Approach
The report is made using a variety of efficient analytical methodologies that offers readers an in-depth research and evaluation on the leading market players and comprehensive insight on what place they are holding within the industry. Analytical techniques, such as Porter’s five forces analysis, feasibility studies, SWOT analyses, and ROI analyses, are put to use to examine the development of the major market players.
Some of the Key Questions Answered in this Report:
- What is the Market dimension at the regional and country-level?
- What are the key drivers, restraints, opportunities, and challenges of the Market, and how they are anticipated to influence the market?
- What is the international (North America, Europe, Asia-Pacific, South America, Middle East and Africa) income value, manufacturing value, consumption value, import and export of Market?
- Who are the world key producers of the Market Industry? How is their working state of affairs (capacity, production, sales, price, cost, gross, and revenue)?
- What are the Market possibilities and threats confronted via the carriers in the world Market Industry?
- Which application/end-user or product kind may also be seeking for incremental boom prospects? What is the market share of every kind and application?
- What targeted method and constraints are keeping the Market?
- What are the distinct sales, marketing, and distribution channels in the world industry?
- What are the upstream uncooked substances and manufacturing gear of Market alongside with the manufacturing technique of Market?
- What are the key market tendencies impacting the increase of the Market?
- Economic have an impact on the Market enterprise and improvement vogue of the Market industry.
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