Press release
UV LED Market is expected to grow at a rapid pace, reaching USD 1044.709 million by 2027
UV LED Market With strategic analysis, micro and macro market trend and scenarios, pricing analysis, and a holistic assessment of market conditions in the future term, this market research study keeps a close eye on major rivals. It's a thorough research that focuses on key and secondary drivers, market share, leading segments, and geographic analysis. The UV LED market also examines significant players, major collaborations, mergers and acquisitions, as well as current innovation and corporate strategies.The UV LED market was valued at USD 348.9 million in 2020, and it is expected to reach USD 1044.709 million by 2027, registering a CAGR of 20.1% during the forecast period (2022-2028).
Top Key Players are covered in this report: Lumileds Holding BV, LG Innotek Co. Ltd, Nordson Corporation, Honle UV America Inc., Seoul Viosys Co. Ltd, Nichia Corporation, Semileds Corporation, Aquionics Inc. (Halma Company), Crystal IS Inc., Heraeus Holding GmbH, Fuji Xerox Co. Ltd
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Recent Development:
May 2020 - BIO-SCAN, a UVC-based surface disinfectant system launched by BIO-UV Group received certification from government authorized independent testing laboratories. This newly developed product will help to fight against the increasing threats of COVID-19 across France.
Key Market Trends:
The scope for a UV LED is becoming abundant in sterilization applications, as it is being proved to be the cheapest way to provide safe drinking water across the globe. This also provides monetary benefits to the players with increasing consumption.
- The industry players are finding the huge potential due to which they are highly investing and further entering into this sector. Few studies suggest that the utilization of UV-based water disinfection is highly efficient than chlorine method, as the UV-based water disinfection operates in 120 mW irradiation capacity and a wavelength of 270 nm, which takes approximately two minutes in reducing waste by 90-99.9%.
The regions are further sub-divided into:
North America - US, Canada, and Mexico
Europe - UK, Germany, France, Italy, Russia, Spain & Rest of Europe
Asia-Pacific - China, India, Japan, South Korea, Australia & Rest of APAC
Latin America - Brazil, Argentina, Peru, Chile & Rest of Latin America
Middle East and Africa - Saudi Arabia, UAE, Israel, South Africa
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Key market aspects are illuminated in the report:
Executive Summary: It covers a summary of the most vital studies, the Global UV LED market increasing rate, modest circumstances, market trends, drivers and problems as well as macroscopic pointers.
Study Analysis: Covers major companies, vital market segments, the scope of the products offered in the Global UV LED market, the years measured, and the study points.
Company Profile: Each company in this market sector is screened based on its goods, value, SWOT analysis, capacity, and other key characteristics.
Manufacture by region: This Global UV LED Market report offers data on imports and exports, sales, production and key companies in all studied regional markets
Customization services available with the report:
20% free customization.
Five Countries can be added as per your choice.
Five Companies can add as per your choice.
Free customization up to 40 hours.
post-sales support for 1 year from the date of delivery.
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Irfan Tamboli (Head of Sales) - Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
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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