UV LED Market Overview
According to MMR Analytics, the market size was valued at US$ 451.26 Mn. in 2021 and the total UV LED revenue is expected to grow at 22.1 % through 2022 to 2029, reaching nearly US$ 2229.22 Mn. MMR researchers probe the UV LED market for the invisible truths surrounding the underlying industry constraints, opportunities, and threats that are expected to affect the growth of the industry during the projected period (2022-2029). Other factors such as supply and demand, import and export, distribution network, consumption, and production capacity all play a role in creating competitive advantages for business owners, stakeholders, and marketers in the field.
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UV LED Market Scope
For competitive benchmarking, a thorough analysis of the key manufacturers in the UV LED Market is conducted to help investors gain an edge over the presentation. The analysis is conducted based on industry position, total revenue generated by promotional activities, and Mergers and Acquisitions. The customizable report on UV LED Market gives weightage to the nature of competition, new market entrants, and marketing tactics of the UV LED Market. Reports provide a better understanding of regional dominance and reasons which includes economic conditions.
According to the WHO, due to poor sanitation, hand hygiene, and contaminated drinking water, approximately 829 thousand people are thought to die from diarrhoea every year. In order to shield families and households from the common pathogenic causes of waterborne diseases, UVC LEDs may be used in water purification systems. Denser and larger urban populations place a great deal of strain on infrastructure and business. By 2030, the world is expected to require 40% more water. To protect against microbiological pollutants like bacteria (E. coli, pseudomonas, legionella), viruses (rotavirus, adenovirus, hepatitis), and parasites in these systems, UVC LEDs are used (giardia beaver fever, cryptosporidium).
By technology, the UV-A segment held a commanding 56.3% market share for UV LEDs in 2021. Over the course of the forecast period, the market is anticipated to expand at a CAGR of 18.3%, driven by a number of high-end features provided by UV-A LEDs, including low power consumption, efficient elimination, and short-wavelength energy. In order to provide high-end products and maintain their competitiveness in the market during the forecast period, manufacturers are heavily concentrating on implementing UV LED technology.
By 2029, 45% of total revenue will come from the disinfection and sterilisation application, as more water treatment and purification facilities will use these systems. To safeguard homes and families from common pathogenic sources of water-borne diseases, UV-C LEDs are built into POU purifiers.
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• Crystal IS
• SemiLEDs Corporation
• Koninklijke Philips N.V.
• LG INNOTEK
• Sensor Electronic Technology, Inc.
• NICHIA CORPORATION
• Seoulviosys Co., Ltd.
• Phoseon Technology
• Heraeus Holding.
• Seoulviosys Co., Ltd.
• Halma plc
• Nordson Corporation,
• Lumileds Holding B.V
• UV energy Solutions Pvt. Ltd.
• Baldwin Technology Company, Inc
The report on the UV LED Market's growth provides a detailed regional analysis. It demonstrates the most significant regional divides, such as North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa, has global influence. To keep ahead of the competition, market research gains a better perspective and understanding of the market and target audience.
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Key Questions answered in the UV LED Market Report are:
- What is UV LED Market?
- What is the forecast period of the UV LED Market?
- What is the competitive scenario of the UV LED market?
- Which region held the largest market share in the UV LED Market?
- What are the opportunities for the UV LED Market?
- What are the restraining factors in the UV LED market?
- Who are the key players of the UV LED market?
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by UV LED
- Landscape- Leading key players and other prominent key players.
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