DUBLIN--(BUSINESS WIRE)--The "UV LED Market by Type, Application Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2018-2026" report has been added to ResearchAndMarkets.com's offering.
The global UV LED market size is expected to reach $1.2 billion by 2026 from 271.1 million in 2018, growing at a CAGR of 17.3% from 2018 to 2026.
UV LED market is expected to leverage high potential for the manufacturing, security, printing, residential and Commercial industry verticals in 2026. The current business scenario is witnessing an increase in the demand for clean and safe hygienic environment because millions of people in developing regions such as China, India, and others died due to contaminated water, air or surface which proves dangerous for human health. Due to an increase in government mandates related to public safety and security. Companies in this industry are adopting various innovative techniques such water dispensers, air purifiers and counterfeit detectors which makes use of UV LED techniques in order to kill infected microorganism or detect frauds helps in strengthening their business position in the competitive matrix.
Factors such as Surge in government indicatives towards energy efficiency, growth in utilization of UV curing system and rapid increase in the usage of environment safe LEDs are expected to boost the growth of the global UV LED market. However, factors such as high installation cost as well as the investment required for the production is expected to hamper the market growth. Furthermore, increase in trend towards the development of advanced UV LEDs for newer applications and evolution of highly efficient UV LEDs are expected to offer lucrative opportunities for market expansion.
Key Findings of the UV LED Market:
- In 2019, the Healthcare segment accounted for the maximum UV LED market share and is projected to grow at a notable CAGR of 44.4% during the forecast period.
- Agriculture Industry contributed major share in global market during 2019.
- U.S. and Canada were the major shareholder in the North America UV LED market, accounting for maximum share in 2019.
Key Topics Covered:
Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits For Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools And Models
Chapter 2: Executive Summary
2.1. Key Findings
2.1.1. Top Impacting Factors
2.1.2. Top Investment Pockets
2.2. Cxo Perspective
Chapter 3: Market Overview
3.1. Market Definition And Scope
3.2. Parent/Peer Market Overview
3.3. Porter'S Five Forces Analysis
3.4. Patent Analysis
3.4.1. By Region (2012-2017)
3.5. Market Dynamics
220.127.116.11. Surge In Government Initiatives Toward Energy Efficiency
18.104.22.168. Growth In Utilization of UV Curing System
22.214.171.124. Rapid Growth In Usage of Environment Safe Leds
126.96.36.199. High Cost of UV Leds
188.8.131.52. Growth of UV Led Lights In Various Application
184.108.40.206. Development of High Efficiency of UV Leds
Chapter 4: UV Led Market, By Type
Chapter 5: UV Led Market, By Application
5.2. UV Curing
5.4. Indoor Gardening
5.5. Counterfeit Detection
Chapter 6: UV Led Market, By Industry Vertical
Chapter 7: UV Led Market, By Region
7.2. North America
Chapter 8: Competitive Landscape
8.2. Top Winning Strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key Developments
Chapter 9: Company Profile
9.1. Nordson Corporation
9.2. Lg Innotek Co. Ltd
9.3. Lumileds Holding B.V.
9.4. Nichia Corporation
9.6. Koninklijke Philips N.V.
9.7. Semileds Corporation
9.8. Crystal Is
9.9. Sensor Electronic Technology
9.10. Phoseon Technology
For more information about this report visit https://www.researchandmarkets.com/r/l8krsj