Press release
Analysis of Key Market Segments Driving the UV-C LED Market
UV-C LED Market
Projected Expansion and Market Size of the UV-C LED Market
The UV-C LED market is anticipated to experience rapid growth over the coming years, reaching a valuation of $5.28 billion by 2030. This surge represents a compound annual growth rate (CAGR) of 32.4%. Factors contributing to this robust expansion include the enforcement of stricter disinfection regulations, the increasing shift towards chemical-free sterilization techniques, the proliferation of smart buildings and HVAC systems, advancements in semiconductor materials, and heightened public health awareness. Key trends shaping the market through this period involve more widespread use of UV-C LEDs for water and air disinfection, deeper integration into smart and automated sanitation systems, growing demand for compact and energy-efficient germicidal lighting, improvements in UV-C LED output power and lifespan, and broadening applications within both residential and commercial hygiene solutions.
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Prominent Companies Steering the UV-C LED Market
Several major corporations currently lead the UV-C LED landscape. These industry frontrunners include LG Electronics Inc., Panasonic Corporation, Heraeus Holding, Asahi Kasei Corporation, Signify Holding B.V., DOWA Holdings Co. Ltd., Toyoda Gosei Co. Ltd., Lite-On Technology Corporation, ams OSRAM AG, Stanley Electric Co. Ltd., Sanan Optoelectronics Co. Ltd, Excelitas Technologies Corp., Nikkiso Co. Ltd., Crystal IS Inc., Luminus Devices, HexaTech, American Ultraviolet, Photon Wave Co. Ltd., International Light Technologies Inc., Seoul Viosys Co. Ltd., Violumas, Nichia Corporation, LedRise, IRTronix Inc, and Bolb Inc.
Strengthening UV-C LED Capabilities Through Strategic Acquisitions
A notable recent development occurred in February 2023, when Excelitas Technologies, a US-based industrial technology manufacturer, acquired Phoseon Technology in an undisclosed deal. This acquisition significantly enhances Excelitas' UV-curing expertise and expands its LED innovation portfolio. Phoseon Technology specializes in designing and manufacturing UV LED-based industrial curing and scientific illumination solutions. This move positions Excelitas to provide a more comprehensive range of sales and support services for curing solutions across various industries.
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Advancements Promoting Energy Efficiency in the UV-C LED Market
Leading corporations in the UV-C LED sector are prioritizing improvements in energy efficiency, particularly through the development of high-radiant-flux UV-C LEDs. These devices deliver increased output power, enabling more effective disinfection and sterilization processes across diverse applications. By enhancing sterilization efficiency, these innovations open up new industrial uses for UV-C LED technology.
Cutting-Edge Product Launch Exemplifying Market Innovation
In January 2023, Nichia Corporation, a Japan-based manufacturer specialized in chemical engineering, launched the NCSU434C-a high-radiant-flux UV-C LED tailored for industrial water and air treatment applications. This product offers outstanding performance, capable of effectively inactivating and sterilizing a wide range of bacteria. With a radiant flux of 110 mW at 350 mA and an impressive wall-plug efficiency of 5.4%, the NCSU434C sets a new benchmark for reliability and efficacy in UV-C LED sterilization without relying on exaggerated claims.
Breaking Down the UV-C LED Market Segmentation
The UV-C LED market is segmented across several dimensions to provide a detailed view of its structure:
1) By Mounting Type: Surface Mount, Chip-On-Board, Through Hole, and Other Mounting Types
2) By Wavelength: 200-230nm, 230-260nm, and 260-280nm
3) By Application: Water Disinfection, Surface Disinfection, and Air Disinfection
4) By End User: Industrial, Residential, and Commercial sectors
Further subcategories elaborate on each mounting type:
- Surface Mount includes SMD UV-C LEDs, UV-C LED arrays for surface mounting, compact surface-mount modules, and high-power surface-mount LEDs.
- Chip-On-Board (COB) features COB UV-C LED modules, high-power COB LEDs for industrial uses, UV-C COB LED arrays for sterilization, and multi-chip COB arrays for large-area disinfection.
- Through Hole covers through-hole mounted UV-C LEDs designed for high-intensity applications, LED bulbs with through-hole mounting, industrial LEDs with through-hole design, and through-hole LEDs for OEM integration.
- Other Mounting Types include flip-chip UV-C LEDs, vertical mounted LEDs, customized mounting options, and LED packages with specialized mounting configurations.
This comprehensive segmentation helps to understand the diverse applications and mounting solutions driving innovation and adoption in the UV-C LED market.
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