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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global UV LED Market Analysis
UV LED technology began evolving in the late 1990s with advancements in gallium nitride (GaN) and aluminium gallium nitride (AlGaN) semiconductors, enabling UV light emission. Recent progress has led to UV LEDs capable of emitting in the UVB (280-315 nm) and UVC (100-280 nm) ranges, crucial for applications such as sterilisation and disinfection is driving the UV LED market revenue.
This technology has benefited from continuous research and innovation focused on enhancing efficiency, reducing costs, and exploring new uses. UV LEDs offer advantages over traditional UV light sources like mercury lamps, including lower power consumption, longer operational life, compact size, and absence of toxic mercury.
UV LED Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global UV LED market attained a value of nearly USD 0.78 billion.
The global UV LED market is assessed to grow at a CAGR of 21.8% between 2024 and 2032.
The major drivers of the market are the increasing demand for UV-C LEDs, rising population, increased demand for sanitation and purification of water, growing demand for disinfection solutions, and the rapid technological advancements.
The key trends guiding the market's growth include the escalating environmental concerns and multifaceted application capabilities such as purification and polymer curing.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The significant types include UV-A, UV-B, and UV-C.
Based on the application, the market is divided into curing, disinfection/purification, indoor gardening. counterfeit detection and others.
Based on the end-use industry, the market is divided into healthcare and medical, agriculture, residential, industrial, and commercial.
The market's key players are Nordson Corporation, Lumileds Holding B.V., Nichia Corporation, and OSRAM GmbH among others.
The market is assessed to witness healthy growth in the forecast period to reach around USD 4.58 billion in 2032.
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