The new report by Expert Market Research titled, ‘Global UV LED Market Size, Share, Report and Forecast 2023-2028’, gives an in-depth analysis of the global UV LED market, assessing the market based on its segments like type, application, end use, and major regions like Asia Pacific, Europe, North America, Middle East and Africa and Latin America.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/uv-led-market/requestsample
The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2020): USD 0.43 billion
- Forecast CAGR (2023-2028): 21.7%
- Forecast Market Size (2026): USD 1.41 billion
The growth of the global market for UV LEDS is driven by its application in sterilisation and purification appliances across various sectors. The application of UV LEDs in curing, phototherapy, disinfection and sterilization, forensic, printing and manufacturing of high-end health and beauty products is anticipated to bolster the demand. Additionally, increasing global environment concern for toxicity and high energy consumption of mercury amalgam-based UV lamps is likely to further aid in the increasing popularity of UV LEDs.
Moreover, increasing demand for sterilisation and purification products in water filters due to rapidly expanding population is anticipated to push the growth further. Furthermore, the market is projected to be boosted by the rising demand for various UV based sterilization equipment from pharmaceutical and biotechnology sector over the forecast period.
UV LED Industry Definition and Major Segments
UV LEDs also known as ultraviolet light-emitting diodes refer to electrical devices which convert electricity to ultraviolet light. LEDs are semiconductor devices that generate light when electrical current passes through it. UV LEDs find application across various industries and are more eco-friendly than UV lamps.
Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/uv-led-market
By type, the market is divided into:
On the basis of application, the industry can be categorised into:
- Indoor Gardening
- Counterfeit Detection
Based on end use industry, the market can be segmented into:
- Healthcare and Medical
The regional markets for UV LED include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
UV LED Market Trends
Regionally, the Asia Pacific if anticipated to hold the significant share in the global market for UV LEDs. The increasing investment by key players for expanding UV LED technology in countries like Japan and China will likely drive the regional growth. Additionally, the increasing demand for UV LEDs in water purification and sterilisation propelled by the rapidly expanding population, will likely aid the market growth. The region is also projected for witness the fastest growth over the forecast period. Meanwhile, North America is anticipated to follow Asia Pacific owing to increasing research and development activities in pharmaceutical and biotechnology sector.
Key Market Players
The major players in the market are Nordson Corporation, Lumileds Holding B.V., Nichia Corporation, OSRAM GmbH, and a few others.
Read More Reports:-
Tuna Market: https://www.marketwatch.com/press-release/tuna-market-share-size-trends-price-growth-analysis-report-forecast-2023-2028-2023-04-19?mod=search_headline
Tree Nuts Market: https://www.marketwatch.com/press-release/tree-nuts-market-size-share-price-trends-growth-analysis-report-forecast-2023-2028-2023-04-19?mod=search_headline
Cloud Computing Market: https://www.marketwatch.com/press-release/cloud-computing-market-size-share-price-trends-growth-analysis-report-forecast-2023-2028-2023-04-19?mod=search_headline
Plywood Market: https://www.marketwatch.com/press-release/plywood-market-share-size-trends-price-growth-analysis-report-forecast-2023-2028-2023-04-28?mod=search_headline
Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.
EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.
Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.
Company Name: Claight Corporation
Contact Person: John Walker, Corporate Sales Specialist – U.S.A.
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA