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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global UV LED Market Growth
The growth of the UV LED market is propelled by UV LED's versatile applications across industries like water treatment, optical data storage, polymer curing, and biological agent detection. These are semiconductor devices that convert electrical energy into ultraviolet light. These LEDs operate at temperatures below 100 degrees Fahrenheit and. Offering extended operational lifespans and eco-friendliness compared to traditional mercury UV lamps, UV LEDs are becoming increasingly significant in various sectors.
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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