Ultraviolet LED Market 2020 Structure, Research Methodology, Forecast to 2028 | LG Innotek, Philips Lighting, NIKKISO Co., Ltd., Crystal IS, SemiLEDs Corporation

This detailed market study focuses on data from different primary and secondary sources, and is analyzed using various tools. It helps to gain insights into the market's growth potential, which can help investors identify scope and opportunities. The analysis also provides details of each segment in the global Ultraviolet LED market.

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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1) Nichia Corporation
2) Seoulviosys Co. Ltd.
3) Phoseon Technology
4) LG Innotek
5) Philips Lighting
6) NIKKISO Co., Ltd.
7) Crystal IS
8) SemiLEDs Corporation
9) Koninklijke Philips N.V.
10) LG INNOTEK
11) Sensor Electronic Technology, Inc.
12) NICHIA CORPORATION
13) Halma plc
14) Heraeus Holding
15) SETi
16) DOWA Electronics
17) ConvergEver
18) Seoul Viosys
19) HexaTech
20) Epistar
21) Epileds
22) HPL
23) Rayvio
24) Qingdao Jason

According to the report, global Ultraviolet LED market 2020 industry research details have in-depth study on the current market state of the global Ultraviolet 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.

What is UV light?

Ultraviolet light is an undetectable type of electromagnetic energy that moves at a higher frequency and carries more energy than normal light. Ultraviolet LED lights discharge light that is almost undetectable to the naked eye, yet has many reasonable applications. A few advantages of the Ultraviolet 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 Ultraviolet LEDs is leading to their increased adoption. Many policies have been laid down to save energy or electricity, and encourage the use of Ultraviolet LED technology.

What does Ultraviolet LED technology provide?

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 Ultraviolet LED technology in nearly all industries. The Ultraviolet 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.

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The global ultraviolet LED market is growing because of advancements in Ultraviolet 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 Ultraviolet LEDs, and the excessive amount of thermal heat generation from Ultraviolet LEDs is hindering the growth of the global ultraviolet LED market.

Key Factors Impacting Market Growth:
o Upgraded lifespan and efficiency of Ultraviolet LEDs
o Declining prices of Ultraviolet LEDs
o Advancements inefficient Ultraviolet LEDs with the assistance of next-generation substrates
o Future applications may include purification, disinfection, and others
o The high cost of substrates
o Demand for Ultraviolet LEDs to grow with banning of mercury lamps by 2021

Regional segmentation and analysis to understand growth patterns:
Major regions for the Ultraviolet LED market are estimated to North America, Western Europe, and the Asia Pacific. North America and Western Europe have been traditional markets for high-performance computing owing to the strong presence of the industrial sector.

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. Among these industries government & defense, education & research, manufacturing, media & entertainment, healthcare & life sciences, energy & utilities, and earth sciences are estimated to register high demand for Ultraviolet LED market.

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 government & defense, education & research, manufacturing, media & entertainment, healthcare & life sciences, energy & utilities, and earth sciences. These industries have an established base resulting in stable market demand. These factors are expected to drive the demand for the Ultraviolet LED market in North America and Western Europe region. Major markets by country in these regions include the US, Germany, France, UK, Canada, Spain, and others.

On the other hand, the Middle East region has witnessed diversification in terms of industrial outlook in recent decades. 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. The rest of the World including South America and Africa are estimated to be a developing market with strong potential in the strategic future.

This report provides:
1) An overview of the global market for Ultraviolet LED market and related technologies.
2) Analysis of global market trends, yearly estimates and annual growth rate projections for compounds (CAGRs).
3) Identification of new market opportunities and targeted consumer marketing strategies for global Ultraviolet LED market.
4) Analysis of R&D and demand for new technologies and new applications
5) Extensive company profiles of key players in industry.

The researchers have studied the market in depth and have developed important segments such as product type, application and region. Each and every segment and its sub-segments are analyzed based on their market share, growth prospects and CAGR. Each market segment offers in-depth, both qualitative and quantitative information on market outlook.

Market Segmentation:

By Type:
o UV-A LED
o UV-B LED
o UV-C LED

By Application:
o Curing
o Analytic Tools
o Sterilization & Disinfection

By Region:

North America
o By Country (US, Canada, Mexico)
o By Type
o By Application

Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o By Type
o By Application

Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Type
o By Application

Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Type
o By Application

Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Type
o By Application

Rest of the World
o By Region (South America, Africa)
o By Type
o By Application

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This release was published on openPR.