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UVC LEDs Market : Analysis and Forecast upto 2025
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UVC LED technology is improving gradually due to commercialization with large markets in water purification and disinfection. UVC LEDs offers narrow wavelength for targeted and selective measurements that allow an easy inline monitoring of water quality and provides high light output for trace detection. Also, UVC LEDs can emit radiation in different patterns. For instance, the LEDs can be designed to emit in Lambertian pattern that allows the UVC LED to be imaged as a near point. In addition, UVC LEDs on aluminum nitride substrates are making great strides in output power and reliability. Thermal management is also one of the major problem for UVC LEDs owing to the fact that only 5% of the power gets converted into light and the remaining 95% becomes heat which have to be removed from the circuit board. This is expected to hamper the market during the forecast period. In addition, UVC LEDs are becoming the technology of choice for designers that are developing a new breed of less costly spectroscopy devices, smaller and much more energy efficient.
UVC LEDs also provides several advantages such as lower operating cost, ease of maintenance, faster data analysis among others that create further opportunity for UVC LEDs market during the forecast.
The UVC LEDs market has been segmented based on application and region. On the basis of application the market is segmented into medical and scientific, sterilization and others. Medical and scientific can be further classified into real time observing of cells, drug manufacturing and protein measurements. Sterilization can be further classified into tracking water and wastewater quality, ozone monitoring, preservation of fresh food. The global market value of sterilization is expected to grow at high growth rate due to its potential demand from this market.
In terms of geography, the UVC LEDs market in Asia Pacific is expected to hold the largest market share during the forecast period owing to the fact that main UVC LED suppliers are located in South Korea, and Japan. Moreover, the region is also experiencing a rise in the demand for UVC LEDs for scientific research. North America is expected to dominate the UVC LEDs market as an increasing number of major LED suppliers plan to launch the product during the coming years.
The market in developing regions such as Middle East & Africa (MEA) and South America are also expected to expand during the forecast period. In 2017, number of South Korean LED companies are going to launch new series of UVC LED products contributing to expand South Korean supplier’s revenue.
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Major players operating in the UVC LEDs market are Koninklijke Philips N.V. (Netherlands), Heraeus Holding GmbH (Germany), LG Electronics Inc. (South Korea), Honle Group (Germany), SemiLEDs Corporation (Taiwan), Seoul Viosys Co, Ltd. (South Korea), Crystal IS Inc. (U.S.), Halma Plc. (U.K.), Nichia Corporation (Japan) and Sensor Electronics Technology Inc. (U.S.) and so on.
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