UV LED Market Expected to Reach $1.71 Billion by 2027 | Size, Share, Scope, Industry Trends & Analysis

According to a new report published by Allied Market Research, titled, “UV LED Market by Type (UV-A, UV-B, and UV-C), Material (Silicon Carbide, Gallium Nitride, Sapphire, and Other), and Application (Curing, Purification, Indoor Gardening, Counterfeit detection, and others), and Industry Vertical (Healthcare & Medical, Agriculture, Industrial, Residential, and Commercial): Global Opportunity Analysis and Industry Forecast, 2020–2027” the global UV LED industry size was valued at $0.35 billion in 2019, and is projected to reach $1.71 billion by 2027, registering a CAGR of 21.7% during the forecast period. North America is the leading contributor to the global UV LED market, followed by Europe and Asia-Pacific in 2019.   

The report offers a detailed analysis of the market including dynamic growth factors, constraints, challenges, and opportunities. Moreover, it provides a study of major market players and their recent market strategies to aid new market entrants, stakeholders, and shareholders to devise profitable business strategies. The report offers a detailed study of various strategies adopted by market players to maintain their foothold in the market.

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Major market players

The report includes a detailed analysis of top players in the UV LED Market including Nordson Corporation, LG Innotek Co. Ltd., Lumileds Holding B.V, Nichia Corporation, OSRAM, Koninklijke Philips N.V., Semileds Corporation, Crystal IS, Sensor Electronic Technology, and Phoseon Technology. 

The competitive analysis of these companies offers a detailed business overview, portfolio analysis of services and products. These companies have adopted various strategies such as partnership, joint ventures, new product launches, mergers & acquisitions, and collaboration to maintain a foothold in the market and help stakeholders understand the market.

Key benefits of the report:

  • This report offers a comprehensive analysis of the UV LED Market along with a detailed summary, ongoing market trends, and future estimations to formulate profitable business strategies.
  • The study includes a detailed analysis of major determinants of the market such as drivers, restraints, challenges, and opportunities in the UV LED Market.
  • The market size is offered to determine the profitable trends to gain a strong foothold in the market.
  • The UV LED Market report offers a qualitative and quantitative analysis of the historic and forecast period.
  • The report includes Porter’s five forces analysis to understand the influence of the buyers and suppliers in the UV LED Market.
  • The report includes the UV LED Market trends and share of major market players.

Major segmentation:

The report includes segmentation of the UV LED Market on the basis of type, application, and geography. The study offers an in-depth study on each segment in the market that makes it advantageous to stakeholders and market players to gain a competitive understanding.

The market is analyzed based on geographical penetration along with a study of market performance in each region such as across several regions such as North America (United States, Canada, and Mexico), Europe (Germany, France, UK, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa).

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CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Key market players
1.5.Research methodology

1.5.1.Primary research
1.5.2.Secondary research
1.5.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings

2.1.1.Top impacting factors
2.1.2.Top investment pockets

2.2.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.COVID-19 Impact Analysis
3.3.Patent analysis

3.3.1.By Region (2012-2017)

3.4.Porter’s five forces analysis
3.5.Market dynamics

3.5.1.Drivers

3.5.1.1.Surge in utilization of UV curing system
3.5.1.2.Rapid growth in usage of environment safe LEDs
3.5.1.3.Government initiatives toward energy efficiency products

3.5.2.Restraint

3.5.2.1.High Cost of UV LEDs

3.5.3.Opportunities

3.5.3.1.Growth of UV LED lights in various application
3.5.3.2.Adoption of high efficiency UV LEDs

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Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

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