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The market for UV LEDs is anticipated to increase at a CAGR of 22.7% from 2023 to 2030, from $0.39 billion in 2023 to $1.79 billion in 2030.
Due to characteristics like low power consumption, strict wavelength tolerance, long life, and environmental friendliness, the UV LED industry is predicted to overtake the market for conventional UV mercury lamps. The importance of maintaining a specific level of security, hygiene, and monitoring measures is becoming more and more stressed by end users such government organizations, manufacturing facilities, business complexes, residential structures, and healthcare institutions. The demand for sterilized equipment, including water purifiers and air purifiers among many others, has risen dramatically as a result.
An UV LED system has a number of benefits over analog UV and mercury-based lights. Due to their great luminous efficiency, UV LED lamps can reduce power consumption by more than 60%. Additionally, it is extremely adaptable, effective, and immediately displays improved output without warming up, helping to eliminate the need for auxiliary devices such exhaust ducts or deodorizing devices. The U.S. holds the biggest market share as a result of significant UV LED R&D expenditures. Additionally, the nation is promoting UV LED lights for agricultural and horticultural purposes. The U.S. government's newly enacted tariffs, however, are hurting the LED lighting industry in the country by considerably raising the price of these goods. Focus is being placed on the advancement of this technology in other nations as well. For instance, the government has given the Canadian company Acuva Technologies funding of over 2.1 million dollars to create UV-C LED for water filtration system.
Compared to traditional UV lamps, UV LEDs have a much longer lifespan. UV LED bulbs can endure for tens of thousands of hours, whereas conventional UV lamps typically last 1,000 to 3,000 hours, depending on operation conditions and LED quality. For end users, this translates into significant cost savings since they can lower the number of times they need to replace their lamps and their maintenance expenses. The longer UV LED lamp lifespan significantly reduces waste generation and environmental effect. Mercury, which is present in traditional UV lamps, is poisonous and needs to be handled and disposed of carefully. As a result, it can be costly and harmful to the environment to dispose of ordinary UV bulbs. Contrarily, UV LED lights don't contain mercury and have a significantly longer lifespan, which lessens the need for routine lamp replacement and disposal.
Due to its many benefits, UV LED technology has emerged as a possible replacement for traditional mercury lamps in a variety of applications. Energy efficiency is one of UV LED lamps' main benefits. UV LED lamps use a lot less energy than traditional mercury lamps, which leads to lower operating costs and a less environmental effect. This is crucial in applications like UV curing, where high energy use might result in expensive expenses. The increased lifespan of UV LED bulbs is another benefit. UV LED lamps have a long lifespan and don't need to be replaced as often as traditional mercury lamps do. Because of the tight production deadlines in industrial applications, this cuts downtime and maintenance expenses. Additionally, UV LED lamps have quick on/off capabilities, which can greatly increase production efficiency. Traditional mercury lamps need to warm up and cool down, which increases cycle times and decreases throughput. UV LED lights are likely to last longer as technology advances, making them an even more appealing replacement for a variety of UV-related applications.
Chlorine has often been used to disinfect wastewater. Despite the risks to human health and the environment, chlorine is still used in developing nations due to its low price. A chemical feed pump, a solution tank, and a holding tank are required to run a chlorination plant. Chlorination systems cost substantially less (10–15% less) than UV disinfection systems. Chlorination systems are chosen for small-scale applications like household water treatment since they are less expensive to implement. This alternative is attracting more end-user industries because of its cheaper cost. The impact of this limitation is currently moderate and is anticipated to lessen throughout the course of the projected period as a result of the enhanced advantages of UV disinfection systems.
Chlorine has often been used to disinfect wastewater. Despite the risks to human health and the environment, chlorine is still used in developing nations due to its low price. A chemical feed pump, a solution tank, and a holding tank are required to run a chlorination plant. Chlorination systems cost substantially less (10–15% less) than UV disinfection systems. Chlorination systems are chosen for small-scale applications like household water treatment since they are less expensive to implement. This alternative is attracting more end-user industries because of its cheaper cost. The impact of this limitation is currently moderate and is anticipated to lessen throughout the course of the projected period as a result of the enhanced advantages of UV disinfection systems.
Report Coverage
Global UV LED research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global UV LED report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and UV LED competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key UV LED market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global UV LED market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, UV LED market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
LG INNOTEK CO. LTD, Phoseon Technology, Sensor Electronic Technology, Crystal IS, Semileds Corporation, Koninklijke Philips N.V., OSRAM, Nichia Corporation, Lumileds Holding B.V., Nitride Semiconductors, Qingdao Jason Electric, Luminus Devices, Raycus, HPLighting, COBRA Cure FX, UVEXS, Advanced Optoelectronic Technology, Bolb Inc., L.G. Innotek Co. Ltd., and Nordson Corporation.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global UV LED market based on the below-mentioned segments:
Global UV LED Market, By Type
UV-A
UV-B
UV-C
Global UV LED market, By Application
Curing
Disinfection/Purification
Indoor Gardening
Counterfeit Detection
Others
Global UV LED Market, By Industry Vertical
Healthcare and Medical
Agriculture
Residential
Industrial
Commercial
Global UV LED market, Regional Analysis
Due to characteristics like low power consumption, strict wavelength tolerance, long life, and environmental friendliness, the UV LED industry is predicted to overtake the market for conventional UV mercury lamps. The importance of maintaining a specific level of security, hygiene, and monitoring measures is becoming more and more stressed by end users such government organizations, manufacturing facilities, business complexes, residential structures, and healthcare institutions. The demand for sterilized equipment, including water purifiers and air purifiers among many others, has risen dramatically as a result.
An UV LED system has a number of benefits over analog UV and mercury-based lights. Due to their great luminous efficiency, UV LED lamps can reduce power consumption by more than 60%. Additionally, it is extremely adaptable, effective, and immediately displays improved output without warming up, helping to eliminate the need for auxiliary devices such exhaust ducts or deodorizing devices. The U.S. holds the biggest market share as a result of significant UV LED R&D expenditures. Additionally, the nation is promoting UV LED lights for agricultural and horticultural purposes. The U.S. government's newly enacted tariffs, however, are hurting the LED lighting industry in the country by considerably raising the price of these goods. Focus is being placed on the advancement of this technology in other nations as well. For instance, the government has given the Canadian company Acuva Technologies funding of over 2.1 million dollars to create UV-C LED for water filtration system.
Compared to traditional UV lamps, UV LEDs have a much longer lifespan. UV LED bulbs can endure for tens of thousands of hours, whereas conventional UV lamps typically last 1,000 to 3,000 hours, depending on operation conditions and LED quality. For end users, this translates into significant cost savings since they can lower the number of times they need to replace their lamps and their maintenance expenses. The longer UV LED lamp lifespan significantly reduces waste generation and environmental effect. Mercury, which is present in traditional UV lamps, is poisonous and needs to be handled and disposed of carefully. As a result, it can be costly and harmful to the environment to dispose of ordinary UV bulbs. Contrarily, UV LED lights don't contain mercury and have a significantly longer lifespan, which lessens the need for routine lamp replacement and disposal.
Due to its many benefits, UV LED technology has emerged as a possible replacement for traditional mercury lamps in a variety of applications. Energy efficiency is one of UV LED lamps' main benefits. UV LED lamps use a lot less energy than traditional mercury lamps, which leads to lower operating costs and a less environmental effect. This is crucial in applications like UV curing, where high energy use might result in expensive expenses. The increased lifespan of UV LED bulbs is another benefit. UV LED lamps have a long lifespan and don't need to be replaced as often as traditional mercury lamps do. Because of the tight production deadlines in industrial applications, this cuts downtime and maintenance expenses. Additionally, UV LED lamps have quick on/off capabilities, which can greatly increase production efficiency. Traditional mercury lamps need to warm up and cool down, which increases cycle times and decreases throughput. UV LED lights are likely to last longer as technology advances, making them an even more appealing replacement for a variety of UV-related applications.
Chlorine has often been used to disinfect wastewater. Despite the risks to human health and the environment, chlorine is still used in developing nations due to its low price. A chemical feed pump, a solution tank, and a holding tank are required to run a chlorination plant. Chlorination systems cost substantially less (10–15% less) than UV disinfection systems. Chlorination systems are chosen for small-scale applications like household water treatment since they are less expensive to implement. This alternative is attracting more end-user industries because of its cheaper cost. The impact of this limitation is currently moderate and is anticipated to lessen throughout the course of the projected period as a result of the enhanced advantages of UV disinfection systems.
Chlorine has often been used to disinfect wastewater. Despite the risks to human health and the environment, chlorine is still used in developing nations due to its low price. A chemical feed pump, a solution tank, and a holding tank are required to run a chlorination plant. Chlorination systems cost substantially less (10–15% less) than UV disinfection systems. Chlorination systems are chosen for small-scale applications like household water treatment since they are less expensive to implement. This alternative is attracting more end-user industries because of its cheaper cost. The impact of this limitation is currently moderate and is anticipated to lessen throughout the course of the projected period as a result of the enhanced advantages of UV disinfection systems.
Report Coverage
Global UV LED research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global UV LED report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and UV LED competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key UV LED market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | LG INNOTEK CO. LTD, Phoseon Technology, Sensor Electronic Technology, Crystal IS, Semileds Corporation, Koninklijke Philips N.V., OSRAM, Nichia Corporation, Lumileds Holding B.V., Nitride Semiconductors, Qingdao Jason Electric, Luminus Devices, Raycus, HPLighting, COBRA Cure FX, UVEXS, Advanced Optoelectronic Technology, Bolb Inc., L.G. Innotek Co. Ltd., and Nordson Corporation. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of UV LED Market from 2021 to 2030.
- Market Forecast for UV LED Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, UV LED competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on UV LED
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global UV LED market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, UV LED market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
LG INNOTEK CO. LTD, Phoseon Technology, Sensor Electronic Technology, Crystal IS, Semileds Corporation, Koninklijke Philips N.V., OSRAM, Nichia Corporation, Lumileds Holding B.V., Nitride Semiconductors, Qingdao Jason Electric, Luminus Devices, Raycus, HPLighting, COBRA Cure FX, UVEXS, Advanced Optoelectronic Technology, Bolb Inc., L.G. Innotek Co. Ltd., and Nordson Corporation.
Primary Target Market
- Market Players of UV LED
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global UV LED market based on the below-mentioned segments:
Global UV LED Market, By Type
UV-A
UV-B
UV-C
Global UV LED market, By Application
Curing
Disinfection/Purification
Indoor Gardening
Counterfeit Detection
Others
Global UV LED Market, By Industry Vertical
Healthcare and Medical
Agriculture
Residential
Industrial
Commercial
Global UV LED market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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