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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Among the technology, UV-C sub-segment is anticipated to hold a prominent share of the market. The desire for effective and ecologically friendly disinfection treatments is a key contributor to the growth of this market segment. This ultraviolet wavelength range between 100 and 280 nm. The need for UV-C LED-based solutions has increased due to the increased focus on hygiene throughout the world, particularly in the healthcare, hospitality, and public spaces sectors. Shorter disinfection periods, less chemical use, and fewer toxic consequences are just a few benefits of UV-C. Furthermore, advancements in UV-C LED technology have improved their efficiency, lifespan, and affordability. Manufacturers are investing on R&D to improve UV-C LED performance, making them more affordable and useful for a variety of applications. Due to these factors, the UV-C market is predicted to increase significantly, providing excellent prospects for UV LED producers, component suppliers, and system integrators. The benefits of UV-C LEDs and the growing understanding of the value of disinfection are two factors that are anticipated to contribute to the UV-C LED growth during the forecast period.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global UV LED Market Report Segment
By Technology
- UV-A
- UV-B
- UV-C
By Application
- UV Curing
- Medical And Scientific
- Disinfection & Sterilization
- Counterfeit Detection
- Optical Sensing & Instrumentation
- Others (Agriculture, Lithography)
By End-User
- Residential
- Industrial
- Commercial
Global UV LED Market Report Segment by Region
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
- Latin America
- Middle East & Africa
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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