UV LED market is anticipated to grow at a significant CAGR of 22.8% during the forecast period. High energy efficiency of UV LEDs which lowers energy expenditures and maintenance needs compared to conventional sources of light is a key factor driving the growth of the global UV LED market. UV LEDs are attractive for a variety of businesses because of their energy efficiency, environmental friendliness, and compactness. Industries such as healthcare and medical, agriculture, automotive, electronics and printing have adopted UV LED technology for curing, disinfection, counterfeit detection, sterilization, printing, and water purification. As a result, the demand for UV LEDs has surged across these sectors. Additionally, increased awareness of the benefits of UV technology has increased its demand. Overall,these factors have boosted the UV LED industry expansion, making it a promising industry for the future.
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The global UV LEDmarket is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America).Among these, the North America regional market is expected to grow considerably over the forecast period.The increasing number of Government initiatives for implementing green curing technology and presence of high-security activities are contributing to the regional market growth.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global UV LED Market by Technology
- UV-A
- UV-B
- UV-C
Global UV LED Market by Application
- UV curing
- Medical and Scientific
- Disinfection & sterilization
- Counterfeit Detection
- Optical sensing & instrumentation
- Others (Agriculture, Lithography)
Global UV LED Market by End user
- Residential
- Industrial
- Commercial
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- ams-OSRAM AG
- Baldwin Technology Company, Inc.
- CRYSTAL IS Inc. (Asahi Kasei CorporationCorp.)
- DOWA HOLDINGS CO., LTD.
- EPIGAP Optronic GmbH
- Excelitas Technologies Corp.
- FUJIFILM Business Innovation CorporationCorp.
- Heraeus Holding GmbH
- Koninklijke Philips NV
- LG Innotek Co., Ltd.
- Nichia CorporationCorp.
- Phoseon Technology
- Semileds Corp.oration
- sglux GmbH
- UV energy Solutions Pvt. Ltd.
- uv-technikSpeziallampen GmbH
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global UV LED market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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