Global Ultraviolet LED Market, By Type (UV-A LED, UV-B LED, UV-C LED), By Application (Curing, Analy

Published Date: | Report Code : EQ1930939

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Global UV Led Market 2019 industry research report is an in-depth study on the current market state of the global UV led industry. The report also includes the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, and distributors. Ultraviolet light is an undetectable type of electromagnetic energy that moves at a higher frequency and carries more energy than normal light. UV LED lights discharge light that is almost undetectable to the naked eye, yet has many reasonable applications. A few advantages of the UV LED innovation over other lighting technologies are better-exchanging abilities, low power use, small size, safe task, and steady UV yield. Improved lifespan and efficiency of UV LEDs is leading to their increased adoption. Many policies have been laid down to save energy or electricity, and encourage the use of UV LED technology.

Ultraviolet LED technology provides various advantages such as low power consumption, high switching capabilities, compact size, consistent UV output, high-cost savings, and safe operations. This has resulted in the extensive use of UV LED technology in nearly all industries. The UV LED technology is used in various sectors such as curing, sterilization, forensic, phototherapy, disinfection, printing and manufacturing of high-end health and beauty products such as wine, cider, spirits, and beer. Moreover, the technology is used in the electronics industry such as in the manufacturing of flat panel displays for OLED televisions and mobile phones.

The global ultraviolet LED market is growing because of advancements in UV LEDs with the assistance of next-generation substrates and the rising application territories, for example, disinfection and purification. On the other hand, the progress from the UV lamps to UV LEDs, and the excessive amount of thermal heat generation from UV LEDs is hindering the growth of the global ultraviolet LED market.

Key Factors Impacting Market Growth:

  • Upgraded lifespan and efficiency of UV LEDs
  • Declining prices of UV LEDs
  • Advancements inefficient UV LEDs with the assistance of next-generation substrates
  • Future applications may include purification, disinfection, and others
  • The high cost of substrates
  • Demand for UV LEDs to grow with banning of mercury lamps by 2021

Regional Outlook:

Major regions for the UV LED market are estimated to North America, Western Europe, and the Asia Pacific. North America and Western Europe have been traditional markets for UV LED owing to the strong presence of the industrial sector. The industrial sector has been one of the key contributors to the economies in these regions. Major industries in these regions are estimated to be curing analytic tools. sterilization & disinfection. These industries have an established base resulting in stable market demand. Moreover, most of these industries have been witnessing a transition in terms of product development and production methods. These factors are expected to drive the demand for UV LED market in the North America and Western Europe region. Major markets by country in these regions include the US, Germany, France, UK, Canada, Spain, and others.

Asia Pacific and Middle East region has witnessed tremendous growth in the industrial sector in recent years. Major companies operating in this market have made strategic developments to improve market presence in these regions. In addition to this, some of the fastest-growing economies including China and India have been major markets for various end-use industries including building & construction, automotive, healthcare, manufacturing, and so on. Among these industries, curing analytic tools. sterilization & disinfection are estimated to register a high demand for the UV LED market during the forecast period.

On the other hand, the Middle East region has witnessed diversification in terms of industrial outlook in recent decades. UAE, Saudi Arabia, Qatar, and others have been instrumental in promoting the development of various industries including building & construction, pharmaceuticals, automotive, and so on. This is expected to drive the growth of the UV LED market directly or indirectly in the region. Eastern Europe consisting of Russia and Turkey promises a stable demand for the UV LED market during the forecast period. The rest of the World including South America and Africa are estimated to be a developing market with strong potential in the strategic future.

Companies Covered: Nichia Corporation, Seoulviosys Co. Ltd., Phoseon Technology, LG Innotek, Philips Lighting, and NIKKISO Co., Ltd., Crystal IS, SemiLEDs Corporation, Koninklijke Philips N.V., LG INNOTEK, Sensor Electronic Technology, Inc., NICHIA CORPORATION, Halma plc, Heraeus Holding, SETi, DOWA Electronics, ConvergEver, Seoul Viosys, HexaTech, Epistar, Epileds, HPL, Rayvio, and Qingdao Jason…

Market Segmentation:

By Type:

  • UV-A LED
  • UV-B LED
  • UV-C LED

By Application:

  • Curing
  • Analytic Tools
  • Sterilization & Disinfection

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Type
    • By Application
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Type
    • By Application
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Type
    • By Application
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Type
    • By Application
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Type
    • By Application
  • Rest of the World
    • By Region (South America, Africa)
    • By Type
    • By Application

 Reasons to Buy This Report:

  • Market size estimation of the global ultraviolet LED market on a regional and global basis
  • Unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

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