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UV LED Market 2021 Analysis by Global Manufacturers - LG Innotek, Honlitronics, Seoul Viosys, DOWA Electronics, Stanley

09-08-2021 05:23 AM CET | IT, New Media & Software

Press release from: Market Insights Reports

The report begins with the overview of the UV LED Market and offers throughout development. It presents a comprehensive analysis of all the regional and major player segments that gives closer insights upon present market conditions and future market opportunities along with drivers, trending segments, consumer behaviour, pricing factors and market performance and estimation. The forecast market information, SWOT analysis, UV LED market scenario, and feasibility study are the vital aspects analysed in this report.

Click the link to get a free Sample Copy of the Report:

https://www.marketinsightsreports.com/reports/05262933542/global-uv-led-market-insights-and-forecast-to-2027/inquiry?Mode=70      

The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global UV LED Market: LG Innotek, Honlitronics, Seoul Viosys, DOWA Electronics, Stanley, NIKKISO, Lumileds, High Power Lighting Corp, Nichia, Crystal IS, Lextar, Nitride, NationStar, Lite-on

The UV LED Market was valued at USD 294.8 million in 2019 and is expected to reach USD 870.7 million by 2025, registering a CAGR of 20.1% during the forecast period of 2020-2025.

Asia-Pacific to Hold a Major Growth in the Market

- Asia-Pacific is anticipated to gain significant market growth over the forecast period. Vendors based on Japan and China are making major investments in line with the expanding applications of UV LEDs such as disinfection and sterilization, in addition to their expansion activities.

-in South Korea, the growing demand for organic food and fresh water is expected to increase the demand for UV LEDs for horticultural applications and water purification. In March 2020, UNICEF partnered with South Korea to provide water and sanitation services for the vulnerable population (mostly children) in areas hit by violence in Iraq, such as Anbar, Ninewa, and Salah al-Din. The country has contributed USD 1 million for the cause.

- Moreover, coating companies in China are investing heavily in intelligent manufacturing. The international brands and the domestic players are joining the new wave of investment. In February 2019, the Hubei province announced that ShenzhenUV-ChemTech LTD and Yihua announced to invest CNY 8 billion to construct the worlds largest UV curing material project. In this project, 20 thousand ton (per year) of photoinitiators, 100 thousand ton (per year) of LED curing coatings, and 80 thousand ton (per year) of monomer resins will be produced.

Company News:

- March 2020 - Nichia is aiming to extend its dominance to the UV market following its showcase at the RadTech 2020 conference and exhibition in Orlando. Nichia expects its UV portfolio to play a significant role in completely replacing conventional mercury lamps and their associated environmental issues.
- May 2019 - Klaran launched a new 60mW UVC LED and Reactor Prototype for water disinfection, demonstrating the NSF Class A performance. In the advanced prototype reactor, the 60mW LED demonstrated effective and affordable water treatment at flow rates up to three liters per minute

Global UV LED Market Split by Product Type and Applications:

Segment by Type
UV-A LED
UV-B LED
UV-C LED

Segment by Application
Sterilization & Disinfection
Analytic Tools
Curing
Others

Regional Analysis For UV LED Market:

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Influence of the UV LED Market Report:

-Comprehensive assessment of all opportunities and risk in the UV LED market.

-UV LED market recent innovations and major events.

-Detailed study of business strategies for growth of the UV LED market-leading players.

-Conclusive study about the growth plot of UV LED market for forthcoming years.

-In-depth understanding of UV LED market-particular drivers, constraints and major micro markets.

-Favourable impression inside vital technological and market latest trends striking the UV LED market.

Browse the report description and TOC:

https://www.marketinsightsreports.com/reports/05262933542/global-uv-led-market-insights-and-forecast-to-2027?Mode=70     

What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global UV LED Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Contact US :

Irfan Tamboli (Head of Sales)
Market Insights Reports
Phone: + 1704 266 3234 | Mob: +91-750-707-8687
sales@marketinsightsreports.com
irfan@marketinsightsreports.com

About Us:

MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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