Global UV LED Market Size, Share, Growth, and Forecast Report 2030
The value of the global UV LED market size was estimated to reach 8.6 billion dollars by the end of 2030, having reached a value of 8.472 billion dollars in 2022. During the time covered by this prediction, it is anticipated that the global market would expand at a rapid pace of 22.9%.
UV LED Market: Overview
When an electric current is run through the terminals of a UV LED device, the device is able to reduce the amount of light that is emitted. The temperature at which the UV light-emitting diode functions is lower than 100 degrees. In order to achieve the desired effect of exposing PCB to air, they are frequently utilised in electronic devices. These light-emitting diodes (LEDs) find usage in a variety of applications, including medicinal, phototherapy, sterilisation and disinfection, indoor gardening, and purifying. Forensic applications also make use of them. The UV LED technology has the capability of converting electric energy into the energy of ultraviolet light. UV LEDs are commonly used in CCFL technology, and unlike CCFLs, they do not contain any hazardous mercury. In comparison to CCFL, they have superior characteristics in terms of durability and compactness, as well as vibration resistance. On the other hand, it helps reduce the amount of product damage, which in turn results in reduced overall maintenance costs and waste.
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UV LED Market: Growth Drivers
The expansion of the global market will be driven in large part by the surge in popularity of smart home appliances.
It is anticipated that the spike in popularity of smart home appliances around the globe would provide a significant boost to the expansion of the global market for UV LEDs. UV technology is currently being used in an increasing number of high-tech home appliances, such as cutting-edge kitchen gadgets, air conditioners, refrigerators, and smart water purifiers. In comparison to UV lamps and bulbs, UV LED provides significantly higher cost efficiency, significantly lower power consumption, and significantly higher end features. A variety of businesses that are involved in the production of electronic home appliances are heavily incorporating UV LED technology into their products in order to make such products more effective and inventive. The environmentally friendly makeup of UV LED is another factor that is contributing to the expansion of the global market.
UV LED Market: Segmentation
The global market for UV LEDs may be broken down into submarkets based on application, type, industry vertical, and geographic location.
Commercial, industrial, domestic, agricultural, and healthcare & medical are the categories that can be used to segment the market based on the industry vehicle.
The market is able to be broken down into three different types: UV-C, UV-B, and UV-A.
UV LED Market: Regional Landscape
As a result of the continuously increasing demand in the area, Asia Pacific now holds the highest share of the worldwide UV LED market. In addition, in the coming years, the expansion of the regional market is projected to be further accelerated by factors such as the bettering of economic conditions and the general improvement in the standard of living. In addition, the region’s dominance in the market is primarily attributable to the growing demand for UV LED technology in different applications such as curing, sterilisation, and purification, as well as the presence of key UV LED manufacturers in countries such as China, Japan, South Korea, and Taiwan. These applications include curing, sterilisation, and purification. In addition, the increasing number of government efforts and regulations promoting the use of lighting solutions that are more efficient in terms of energy consumption have also helped to the expansion of the UV LED market in the APAC region.
UV LED Market: Competitive Landscape
Some of the significant players in the global UV LED market include:
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.
Nordson Corporation.
The global UV LED market is segmented as follows:
By Industry Vertical
Healthcare & Medical
Agriculture
Industrial
Residential
Commercial
By Type
UV-A
UV-B
UV-C
By Application
Curing
Purification
Indoor Gardening
Counterfeit Detection
By Region
North America
The U.S.
Canada
Europe
France
The UK
Spain
Germany
Ital y
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
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