Report Overview

The global UV LED market value stood at a value of around USD 1165.48 Million in 2023. The market is further expected to grow at a CAGR of 20.70% in the forecast period of 2024-2032 to attain a value of USD 6336.80 Million by 2032.

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global UV LED Market Size

The global UV LED market value stood at a value of around USD 0.78 billion in 2023. The market is further expected to grow at a CAGR of 21.8% in the forecast period of 2024-2032 to attain a value of USD 4.58 billion by 2032.

 

Global UV LED Market Report Summary Description Value
Base Year USD Billion 2023
Historical Period USD Billion 2018-2023
Forecast Period USD Billion 2024-2032
Market Size 2023 USD Billion 0.78
Market Size 2032 USD Billion 4.58
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 21.8%
CAGR 2024-2032 - Market by Region Asia Pacific 22.2%
CAGR 2024-2032 - Market by Country China 23.1%
CAGR 2024-2032 - Market by Country Japan 22.8%
CAGR 2024-2032 - Market by Technology UV-C 24.4%
CAGR 2024-2032 - Market by Application UV Curing 24.9%
Market Share by Country 2023 UK 3.6%

 

UV LED Market Report Snapshots

UV LED Market Size

UV LED Market Growth

UV LED Market Analysis

UV LED Market Share

UV LED Companies

 

*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 1165.48 Million.

The global UV LED market is assessed to grow at a CAGR of 20.70% 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 6336.80 Million in 2032.

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