UV LED Market Synopsis:
UV LED Market Size Was Valued at USD 4.79 Billion in 2023, and is Projected to Reach USD 22.75 Billion by 2032, Growing at a CAGR of 18.90% From 2024-2032.
UV LED means the market which deals with the ultraviolet light-emitting diode (LED) for varying uses in industries. UV LEDs produce light at this ultraviolet range and is unable to be seen with the naked human eye. These LEDs are highly energy efficient and have a very long life span and have applications in disinfection, curing, and many more things, healthcare, water purification, and forensics.
The UV LED market has seen a rapid growth in the last few years, which can be attributed to the growing adoption of clean technologies derived from the development of UV LED. Compared to mercury-based conventional UV lamps, UV LEDs have the following advantages: low energy consumption; higher operational life; small dimensions; and tunable emission of UV light, which can be attractive for a variety of practices. This market has also been stimulated by the technological changes and the emergence of better and better UV LED products.
Environmental consciousness can be mentioned as one of the most influential drivers of the UV LED market. While industries and consumers are in search of lights and disinfecting methods apart from the conventional ones, UV LEDs are dominating the market less energy consumption and no toxic material like mercury. Some factors that are helping the markets growth are increasing use of UV LEDs in water purification, air purification, and sterilizing applications.
The increasing need for sterilization and disinfection technologies is the next factor that is pushing the UV LED market forward. The Covid-19 lockdown has made people more aware about cleaning and sanathizing hence boost the demand of UV leds in medical and healthcare application. Also, new application areas such as food and beverage, pharmaceuticals, and water treatment also adopt UV LEDs for surface disinfection.
Advancements in the manufacturing UV LED include efficiency of light output, increased UV LED lifespan, and affordability translate UV LEDs into different sectors of the economy. This has unveiled new opportunities in market areas like printing, forensic, & curing where two applications of UV LED’s are ink curing & forensic. Globalizing UV LEDs is expected to transform conventional industries in the future and the advancement in the technology is already on track.
The UV LED market also has the growing tendency caused by the higher authorities’ regulations on environmental safety from traditional lighting sources. Governments of the world are encouraging the use of energy-efficient technologies such as UV LEDs through provision of incentives and subsidies. Also, air and water purifying regulatory norms are creating the demands for more effective disinfection technology, which is also fueling the UV LEDs market across applications.
UV LED Market Trend Analysis:
Growth in UV LED Usage for Disinfection
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UV LEDs for disinfection is another growing trend that is finding strong demand in the market. UV light sterilization has been confirmed to be effectant especially in health facilities as cleanliness is vital. The realization of intensive virus and bacteria control after COVID-19 has made UV LEDs popular in numerous disinfection solutions. UV LEDs are employed for surface, air and water purification in hospitals, schools, public transport and other risky zones.
- This disinfection mechanism has the benefit of running on UV LED without the use of chemicals to clean surfaces hence being environment friendly. Additionally, UV LEDs is continuous and automatic disinfection which is advantageous in areas of high sanitation requiring. Since more and more people are developing an understanding of the advantages of UV LED disinfection, more industries are looking for these technologies to maintain a cleaner environment and promote the demand for UV LED disinfection.
Expansion in Water Purification
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In the UV LED market one of the most promising prospects can be seen in water purification application. UV LEDs are already being incorporated into more water treatment systems because it can disinfect water without chemicals. As awareness in water shortage and pollution increases across the world there has been a pressure to find better methods for water purification. UV LEDs are portable, efficient and bring efficiency and effectiveness inChecksum residential as well as industrial water treatment systems.
- UV LED technology, costs are declining and thus is the penetration in the field of water treatment. As the awareness of environment and the demand for the clean water is rising, UV LEDs appeared to be vital in the future of water treatment. This is a favorable demand side scenario for manufacturers to develop more sophisticated water treatment technologies to extend the market growth of UV LED.
UV LED Market Segment Analysis:
UV LED Market is Segmented on the basis of Type, Application, Wavelength, End User, and Region.
By Type, UVA LED segment is expected to dominate the market during the forecast period
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Specifically, the UVA LED segment commanded the UA LED market because of its versatility with the curing and industrial uses. UVA LEDs are applied in curing adhesive, ink, and coating applications across automotive, electrical, and print industries. This makes them an added tool for industries that we need quick curing systems and processes.
- The UVC LED segment is anticipated to show the highest growth rate in the future years ahead. Rising adoption of disinfection and sterilization technologies including UVC LEDs due to COVID 19 pandemic is influenced by the increasing demands. UVC LEDs are most commonly used for air, water and surface disinfection to fulfill important public domain applications throughout the world.
By Application, Water Purification segment expected to held the largest share
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and the water purification application segment has a large market share of the overall UV LED market because it has become increasingly important worldwide to have clean water available for drinking. UV LEDs are applied in the modern water treatment technology that is without using chemical products hence sustainable technology. Reduced access to freshwater and worsening of water quality are among the key trends observed globally which spa should lead to the increased consumption of UV LED based water purification equipment.
- Curing application segment is another significant segment which is advancing towards the UV LED market. UV LEDs find application in curing applications such as inks, adhesives and coatings where high performance and short curing times are required. The capability of UV LEDs as compared to other curing processes in terms of curing is the reason for its use in the print, packaging and electronics industries. These industries are bound to grow, and therefore there will be an increased need for UV LED based curing systems.
UV LED Market Regional Insights:
North America is Expected to Dominate the Market Over the Forecast period
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The largest regional market for UV LED is North America. This area is currently certain prominent manufacturers in the UV LED production and has robust demand across multiple uses such as water treatment, disinfection, among others in the healthcare industry. The markets in North America have also been stimulated by the healthcare industry’s attention to sterilization, and the utilization of UV LEDs in advanced medical applications and air filtration systems.
- Moreover, North America has experienced significant R & D in UV LED technology as many private companies and government organizations have realized the need to manufacture more efficient and cost-effective UV LED technology. The call to seek energy-efficient solutions and the quest to minimize energy consumption even more make UV LEDs more relevant. On that account, the UV LED market in North America is expected to remain on top in the following years.
Active Key Players in the UV LED Market
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Epistar Corporation (Taiwan)
- Everlight Electronics Co., Ltd. (Taiwan)
- Honeywell International Inc. (USA)
- LG Innotek (South Korea)
- Luminus Devices, Inc. (USA)
- Nichia Corporation (Japan)
- Osram Licht AG (Germany)
- Osram Opto Semiconductors GmbH (Germany)
- Philips Lumileds (Netherlands)
- Samsung Electronics Co., Ltd. (South Korea)
- Seoul Semiconductor Co., Ltd. (South Korea)
- Violet Tech (USA)
- Other Active Players.
Key Industry Developments in the UV LED Market:
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In April 2024 At Drupa, Baldwin Technology announced plans to debut three new products: an enhanced print inspection product family, "an even more powerful" version of its QuadCure UV line, and a completely revamped LED-UV curing platform.
- In February 2024, Prominent American health and wellness brand Amway unveiled its new eSpring Water Purifier, which boasts potent, cutting-edge UV-C LED technology and is intended to improve consumer health and increase sustainability.
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Global UV LED Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
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Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 4.79 Billion |
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Forecast Period 2024-32 CAGR: |
18.90% |
Market Size in 2032: |
USD 22.75 Billion |
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Segments Covered: |
By Type |
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By Application |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 Market Trend Analysis
3.3 PESTLE Analysis
3.4 Porter's Five Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Ecosystem
3.7 Regulatory Landscape
3.8 Price Trend Analysis
3.9 Patent Analysis
3.10 Technology Evolution
3.11 Investment Pockets
3.12 Import-Export Analysis
Chapter 4: UV LED Market by Type of Property
4.1 UV LED Market Snapshot and Growth Engine
4.2 UV LED Market Overview
4.3 Entire Homes
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.3.3 Key Market Trends, Growth Factors and Opportunities
4.3.4 Entire Homes: Geographic Segmentation Analysis
4.4 Apartments
4.4.1 Introduction and Market Overview
4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.4.3 Key Market Trends, Growth Factors and Opportunities
4.4.4 Apartments: Geographic Segmentation Analysis
4.5 Villas
4.5.1 Introduction and Market Overview
4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.5.3 Key Market Trends, Growth Factors and Opportunities
4.5.4 Villas: Geographic Segmentation Analysis
4.6 Cabins
4.6.1 Introduction and Market Overview
4.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.6.3 Key Market Trends, Growth Factors and Opportunities
4.6.4 Cabins: Geographic Segmentation Analysis
4.7 Condominiums
4.7.1 Introduction and Market Overview
4.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.7.3 Key Market Trends, Growth Factors and Opportunities
4.7.4 Condominiums: Geographic Segmentation Analysis
4.8 Studios
4.8.1 Introduction and Market Overview
4.8.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.8.3 Key Market Trends, Growth Factors and Opportunities
4.8.4 Studios: Geographic Segmentation Analysis
Chapter 5: UV LED Market by Booking Type
5.1 UV LED Market Snapshot and Growth Engine
5.2 UV LED Market Overview
5.3 Online Booking
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Online Booking: Geographic Segmentation Analysis
5.4 Offline Booking
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Offline Booking: Geographic Segmentation Analysis
Chapter 6: UV LED Market by End User
6.1 UV LED Market Snapshot and Growth Engine
6.2 UV LED Market Overview
6.3 Individual Travelers
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Individual Travelers: Geographic Segmentation Analysis
6.4 Corporate Travelers
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Corporate Travelers: Geographic Segmentation Analysis
Chapter 7: UV LED Market by Price Range
7.1 UV LED Market Snapshot and Growth Engine
7.2 UV LED Market Overview
7.3 Budget
7.3.1 Introduction and Market Overview
7.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.3.3 Key Market Trends, Growth Factors and Opportunities
7.3.4 Budget: Geographic Segmentation Analysis
7.4 Mid-Range
7.4.1 Introduction and Market Overview
7.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.4.3 Key Market Trends, Growth Factors and Opportunities
7.4.4 Mid-Range: Geographic Segmentation Analysis
7.5 Luxury
7.5.1 Introduction and Market Overview
7.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.5.3 Key Market Trends, Growth Factors and Opportunities
7.5.4 Luxury : Geographic Segmentation Analysis
Chapter 8: Company Profiles and Competitive Analysis
8.1 Competitive Landscape
8.1.1 Competitive Benchmarking
8.1.2 UV LED Market Share by Manufacturer (2023)
8.1.3 Industry BCG Matrix
8.1.4 Heat Map Analysis
8.1.5 Mergers and Acquisitions
8.2 NICHIA CORPORATION (JAPAN)
8.2.1 Company Overview
8.2.2 Key Executives
8.2.3 Company Snapshot
8.2.4 Role of the Company in the Market
8.2.5 Sustainability and Social Responsibility
8.2.6 Operating Business Segments
8.2.7 Product Portfolio
8.2.8 Business Performance
8.2.9 Key Strategic Moves and Recent Developments
8.2.10 SWOT Analysis
8.3 OSRAM OPTO SEMICONDUCTORS GMBH (GERMANY)
8.4 SEOUL SEMICONDUCTOR CO. LTD. (SOUTH KOREA)
8.5 PHILIPS LUMILEDS (NETHERLANDS)
8.6 LG INNOTEK (SOUTH KOREA)
8.7 SAMSUNG ELECTRONICS CO. LTD. (SOUTH KOREA)
8.8 VIOLET TECH (USA)
8.9 LUMINUS DEVICES INC. (USA)
8.10 EPISTAR CORPORATION (TAIWAN)
8.11 EVERLIGHT ELECTRONICS CO. LTD. (TAIWAN)
8.12 HONEYWELL INTERNATIONAL INC. (USA)
8.13 OSRAM LICHT AG (GERMANY)
8.14 OTHER ACTIVE PLAYERS
Chapter 9: Global UV LED Market By Region
9.1 Overview
9.2. North America UV LED Market
9.2.1 Key Market Trends, Growth Factors and Opportunities
9.2.2 Top Key Companies
9.2.3 Historic and Forecasted Market Size by Segments
9.2.4 Historic and Forecasted Market Size By Type of Property
9.2.4.1 Entire Homes
9.2.4.2 Apartments
9.2.4.3 Villas
9.2.4.4 Cabins
9.2.4.5 Condominiums
9.2.4.6 Studios
9.2.5 Historic and Forecasted Market Size By Booking Type
9.2.5.1 Online Booking
9.2.5.2 Offline Booking
9.2.6 Historic and Forecasted Market Size By End User
9.2.6.1 Individual Travelers
9.2.6.2 Corporate Travelers
9.2.7 Historic and Forecasted Market Size By Price Range
9.2.7.1 Budget
9.2.7.2 Mid-Range
9.2.7.3 Luxury
9.2.8 Historic and Forecast Market Size by Country
9.2.8.1 US
9.2.8.2 Canada
9.2.8.3 Mexico
9.3. Eastern Europe UV LED Market
9.3.1 Key Market Trends, Growth Factors and Opportunities
9.3.2 Top Key Companies
9.3.3 Historic and Forecasted Market Size by Segments
9.3.4 Historic and Forecasted Market Size By Type of Property
9.3.4.1 Entire Homes
9.3.4.2 Apartments
9.3.4.3 Villas
9.3.4.4 Cabins
9.3.4.5 Condominiums
9.3.4.6 Studios
9.3.5 Historic and Forecasted Market Size By Booking Type
9.3.5.1 Online Booking
9.3.5.2 Offline Booking
9.3.6 Historic and Forecasted Market Size By End User
9.3.6.1 Individual Travelers
9.3.6.2 Corporate Travelers
9.3.7 Historic and Forecasted Market Size By Price Range
9.3.7.1 Budget
9.3.7.2 Mid-Range
9.3.7.3 Luxury
9.3.8 Historic and Forecast Market Size by Country
9.3.8.1 Russia
9.3.8.2 Bulgaria
9.3.8.3 The Czech Republic
9.3.8.4 Hungary
9.3.8.5 Poland
9.3.8.6 Romania
9.3.8.7 Rest of Eastern Europe
9.4. Western Europe UV LED Market
9.4.1 Key Market Trends, Growth Factors and Opportunities
9.4.2 Top Key Companies
9.4.3 Historic and Forecasted Market Size by Segments
9.4.4 Historic and Forecasted Market Size By Type of Property
9.4.4.1 Entire Homes
9.4.4.2 Apartments
9.4.4.3 Villas
9.4.4.4 Cabins
9.4.4.5 Condominiums
9.4.4.6 Studios
9.4.5 Historic and Forecasted Market Size By Booking Type
9.4.5.1 Online Booking
9.4.5.2 Offline Booking
9.4.6 Historic and Forecasted Market Size By End User
9.4.6.1 Individual Travelers
9.4.6.2 Corporate Travelers
9.4.7 Historic and Forecasted Market Size By Price Range
9.4.7.1 Budget
9.4.7.2 Mid-Range
9.4.7.3 Luxury
9.4.8 Historic and Forecast Market Size by Country
9.4.8.1 Germany
9.4.8.2 UK
9.4.8.3 France
9.4.8.4 The Netherlands
9.4.8.5 Italy
9.4.8.6 Spain
9.4.8.7 Rest of Western Europe
9.5. Asia Pacific UV LED Market
9.5.1 Key Market Trends, Growth Factors and Opportunities
9.5.2 Top Key Companies
9.5.3 Historic and Forecasted Market Size by Segments
9.5.4 Historic and Forecasted Market Size By Type of Property
9.5.4.1 Entire Homes
9.5.4.2 Apartments
9.5.4.3 Villas
9.5.4.4 Cabins
9.5.4.5 Condominiums
9.5.4.6 Studios
9.5.5 Historic and Forecasted Market Size By Booking Type
9.5.5.1 Online Booking
9.5.5.2 Offline Booking
9.5.6 Historic and Forecasted Market Size By End User
9.5.6.1 Individual Travelers
9.5.6.2 Corporate Travelers
9.5.7 Historic and Forecasted Market Size By Price Range
9.5.7.1 Budget
9.5.7.2 Mid-Range
9.5.7.3 Luxury
9.5.8 Historic and Forecast Market Size by Country
9.5.8.1 China
9.5.8.2 India
9.5.8.3 Japan
9.5.8.4 South Korea
9.5.8.5 Malaysia
9.5.8.6 Thailand
9.5.8.7 Vietnam
9.5.8.8 The Philippines
9.5.8.9 Australia
9.5.8.10 New Zealand
9.5.8.11 Rest of APAC
9.6. Middle East & Africa UV LED Market
9.6.1 Key Market Trends, Growth Factors and Opportunities
9.6.2 Top Key Companies
9.6.3 Historic and Forecasted Market Size by Segments
9.6.4 Historic and Forecasted Market Size By Type of Property
9.6.4.1 Entire Homes
9.6.4.2 Apartments
9.6.4.3 Villas
9.6.4.4 Cabins
9.6.4.5 Condominiums
9.6.4.6 Studios
9.6.5 Historic and Forecasted Market Size By Booking Type
9.6.5.1 Online Booking
9.6.5.2 Offline Booking
9.6.6 Historic and Forecasted Market Size By End User
9.6.6.1 Individual Travelers
9.6.6.2 Corporate Travelers
9.6.7 Historic and Forecasted Market Size By Price Range
9.6.7.1 Budget
9.6.7.2 Mid-Range
9.6.7.3 Luxury
9.6.8 Historic and Forecast Market Size by Country
9.6.8.1 Turkiye
9.6.8.2 Bahrain
9.6.8.3 Kuwait
9.6.8.4 Saudi Arabia
9.6.8.5 Qatar
9.6.8.6 UAE
9.6.8.7 Israel
9.6.8.8 South Africa
9.7. South America UV LED Market
9.7.1 Key Market Trends, Growth Factors and Opportunities
9.7.2 Top Key Companies
9.7.3 Historic and Forecasted Market Size by Segments
9.7.4 Historic and Forecasted Market Size By Type of Property
9.7.4.1 Entire Homes
9.7.4.2 Apartments
9.7.4.3 Villas
9.7.4.4 Cabins
9.7.4.5 Condominiums
9.7.4.6 Studios
9.7.5 Historic and Forecasted Market Size By Booking Type
9.7.5.1 Online Booking
9.7.5.2 Offline Booking
9.7.6 Historic and Forecasted Market Size By End User
9.7.6.1 Individual Travelers
9.7.6.2 Corporate Travelers
9.7.7 Historic and Forecasted Market Size By Price Range
9.7.7.1 Budget
9.7.7.2 Mid-Range
9.7.7.3 Luxury
9.7.8 Historic and Forecast Market Size by Country
9.7.8.1 Brazil
9.7.8.2 Argentina
9.7.8.3 Rest of SA
Chapter 10 Analyst Viewpoint and Conclusion
10.1 Recommendations and Concluding Analysis
10.2 Potential Market Strategies
Chapter 11 Research Methodology
11.1 Research Process
11.2 Primary Research
11.3 Secondary Research
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Global UV LED Market |
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|
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
|
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 4.79 Billion |
|
Forecast Period 2024-32 CAGR: |
18.90% |
Market Size in 2032: |
USD 22.75 Billion |
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Segments Covered: |
By Type |
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By Application |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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