DUBLIN--(BUSINESS WIRE)--The "Global Ultraviolet LED Market - Analysis and Forecast (2017-2023) Focus on Technology Type (UV-A, UV-B and UV-C) and Application (Curing, Disinfection and Purification, Medical and Others)" report has been added to ResearchAndMarkets.com's offering.
Global UV LED Market to Reach $1,163.5 Million by 2023
The UV LED market is growing at a significant rate and is expected to reach a substantial level by 2023.
The process of the evolution of UV LED systems and technologies has considerably changed the overall LED industry in terms of energy and money saving, and increased safety and convenience of users. Moreover, the water and air disinfection systems are gaining popularity, and the sector is expected to grow at a robust rate in the future. The UV LED market is witnessing a pattern of transition due to the increasing market penetration of UV LED curing systems.
The UV LED curing market is expected to grow at a significant rate during the forecast period. This can be attributed to the fact that it produces finished products having reduced flaws and errors in terms of design and finishing and can be used in various application areas such as printing, adhesives, and coating, among others.
The market growth is primarily driven by the reduced prices of UV LEDs, and increased adaptability, efficiency, and enhanced lifespan of the UV LEDs when compared with the traditional LEDs. The worldwide ban on mercury vapor lamps post 2020, attributing to the health hazards of mercury, has also accelerated the growth of the UV LED market. The development of UV LEDs with the help of next generation substrates, and the emerging application areas such as disinfection and purification, among others, are some of the factors that will contribute towards the growth of the market in the future.
There is no doubt that the market has many driving forces which will contribute in the mushrooming demand of UV LED systems, but there are certain restrains that could be plaguing the UV LED market in the coming years. For example, the transition from the UV lamps to UV LEDs, and the excessive amount of thermal heat generation from UV LEDs have been acting as restraints to the growth of the global UV LED market.
The UV LED market has been tracked along the lines of its technologies (UV-A, UV-B, and UV-C), application areas, and geography. Revenue generated from various application areas, namely UV LED curing, disinfection and purification, medical, and other applications have been analyzed. The report also covers the UV LED market on a global scale, and consequently provides revenue data of the key regions.
Key Topics Covered:
1 Report Scope & Methodology
2 Market Dynamics
3 Competitive Insights
4 Global UV LED Market by Technology
5 Global UV LED Market by Application
6 Global UV LED Market by Region
7 Company Profiles
- Crystal IS
- DOWA Electronics Materials Co., Ltd.
- Heraeus Holding
- HexaTech, Inc.
- Honle Group
- LG Innotek
- Lextar Electronics Corporation
- NIKKISO CO., LTD.
- Nichia Corporation
- Nitride Semiconductors Co., Ltd.
- Nordson Corporation
- Philips Lighting
- Phoseon Technology
- RayVio Corp.
- SemiLEDs Corporation
- Seoulviosys Co., Ltd.
For more information about this report visit https://www.researchandmarkets.com/research/lt7v5b/global?w=4