The global Ultraviolet LED Market is projected to reach USD 1.26 billion by 2027, according to a recent report by Emergen Research. The market growth is primarily driven by the reduced costs of ultraviolet (UV) equipped LEDs, along with increased ability, efficiency, and increased time period of the UV light LEDs in comparison with the normal LEDs. The worldwide ban on mercury vapor lamps post 2020, attributing to the health hazards of mercury, has additionally accelerated the expansion of the market.
The report contains updated information about the ongoing COVID-19 pandemic and acts as an accurate analysis of the COVID-19 impact on the Ultraviolet led market. The report draws attention to the COVID-19 impact on the market and its crucial segments. As per the report, the current pandemic is one of the major contributing elements for the potential decline of the market in the coming years.
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The Global Ultraviolet LED Market report provides full coverage of the companies’ data, including details about their production and manufacturing capacity, product portfolio, business overview, revenue, gross profit margins, sales network and distribution channel, financial standing, and market position. The report also studies business strategies and strategic alliances undertaken by companies to gain a robust footing in the market. The report sheds light on the mergers and acquisitions, collaborations, joint ventures, brand promotions and product launches, agreements and partnerships, and corporate and government deals. The comprehensive analysis of the competitive landscape offers the readers a deeper understanding about the competitors.
Top competitors of the Ultraviolet LED Market profiled in the report include:
Lumileds Holding BV, LG Innotek Co. Ltd, Honle UV America Inc., Nordson Corporation, Seoul Viosys Co. Ltd, Semileds Corporation, Aquionics Inc., Crystal IS Inc., Heraeus Holding GmbH and Fuji Xerox Co. Ltd.
Emergen Research has segmented into the global Ultraviolet LED Market on the basis of technology, applications, end user and region:
Technology Outlook (Revenue, USD Billion; 2017-2027)
UV – A
UV – B
UV – C
Applications Outlook (Revenue, USD Billion; 2017-2027)
Optical Sensors and Instrumentation
Counterfeit Detection
UV Sterilization
Medical Light Therapy
UV Curing
End User Outlook (Revenue, USD Billion; 2017-2027)
Industrial
Residential
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Some Key Highlights from the Report
The trade players play an ideal role in finding the massive potential because of the fact that they're extremely financed and more keen on getting into this sector. Few studies counsel that the employment of UV-based water medical care is extremely economical than atomic number 17 technique, because the UV-based water medical care operates has around 122 MW irradiation capability and a wavelength of 270 nm, that takes just about 2 minutes in reducing waste roughly by 90-99%.
Further, increasing issues over water-borne diseases have increased people's awareness of intensely treated water. The growing awareness of the advantages of treated water consumption has UV powered LED lights market that caters to the present section, i.e., UV C LEDs
In May 2020, Seoul Viosys claimed that client inquiries for its variant named Violed UV LED light which might be used for sterilizing microorganism, increased over 5 times over March, fuelled by issues pertaining to the continued international unfolding of the virus inflicting COVID-19. Together with Korea University, the corporate showcased that its Violed variant might be able to eliminate around 99% of the SARS-COV-2 virus when employed for a 30-second dose from a distance of 3 centimeters, which is likely to boost its demand.
Key Objectives of the Report:
Analysis and estimation of the Ultraviolet LED market size and share for the projected period of 2020-2027
Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Ultraviolet LED market
Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
Regional Analysis of the Ultraviolet LED Market:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
In conclusion, the report provides a qualitative and quantitative analysis of the Global Ultraviolet LED market, including the global and regional analysis of the market. The study covers critical information and factual data about the Ultraviolet LED market industry, along with an in-depth statistical analysis of the market drivers, limitations, growth prospects, opportunities, and threats. On the basis of the current market scope, the report provides an extensive analysis of how the Ultraviolet LED market is expected to fare in the forecast timeline. The report utilizes advanced analytical tools to offer an estimation of the outlook of the global state of the Ultraviolet LED market industry.
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