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UV LED Market by Technology, Application, Medical & Scientific, Sterilization & Security, and Geography - Global Forecast to 2020

UV LED Market: Global Forecast until 2020

  • September 2015
  • 177 pages
  • ID: 3275029
In this report:
In 2015, the U.K. is expected to account for the market share of ~##.##% of the European UV LEDs market and is expected to grow at the highest CAGR of ##.##%from 2015 to 2020.
Japan accounted for a share of ~##.##% of the total APAC market in 2014 and is expected to grow at CAGR of ##.##% from 2015 to 2020.


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The UV LED is a increasing technology with new developments and applications leading the use of distinct wavelength for variety of applications. This sector is increasing as the interest of main actors to invest in UV LED is growing despite the high cost of UV LED. This technology is used in various parts including industrial, security, sterilization and medical & scientific along with several applications including curing, printing, forensic, coating, Research and development, disinfection, and so on.

The UV LED market is increasing considerably because of technological advancements in UV LED devices including evolution from mercury lamp to UV LED lamp and the growing demand for UV LED in the disinfection and curing applications. The sector for sterilization segment is increasing gradually with their growing use in the purification application. Many companies including Sensor Electronics Technology Inc., Crystal IS, Incorporated, Xenex Disinfection Services, Trojan Technologies, Aquionics, Incorporated, LiqTech International, Incorporated are working in the field of purification that are technologically advanced and also cost-effective for customer's pockets. Apart from purification; applications including deodorization, forensic and counterfeit detection are also used in devices with UV LED technology. These devices are used in different applications for security and deodorizer purposes. UV LED is classified into three main technologies, that is, UVA, UVB, and UVC LED technology. This segmentation is based on the level of wavelength used for variety of application from industrial to consumer level. The UV LED market is divided on the basis of application into industrial, medical & scientific, security, and sterilization application. The industrial application segment of UV LED is anticipated to be worth ~$67.9M in 2015 and is forecasted to reach ~$179.3M by 2020, at a high increase rate. The industrial application segment of UV LED includes curing, lithography, and Non-line of sight communication. Sterilization plays a significant role in the UV LED market as the quality of the water, air, and surface is purified, which helps to maintain the environment for the user.

The UV LED market is broken down on the basis of geography into North America continent, Europe (EU), Asia-Pac, and the Rest of World. The North American area is an advanced area for this technology, but in the next few years, the APAC area is forecast to show important rise. Different firms are operating in this industry to offer UV LED technology, especially disinfection services. High potential increase is expected in the UV LED market in the upcoming five years and this is attracting many main companies as well as technology giants to invest in this sector. LG Electronics Inc., Koninklijke Philips N.V., Honle Group, Nordson Corporation, SemiLEDs Corporation, Halma Plc, Heraeus Holding GmbH, Crystal IS Incorporated, Seoul Viosys Co, Limited, Sensor Electronics Technology Inc., and Nichia Corporation are some of the dynamic companies present in the UV LED market.

This industry report depicts the value chain for the UV LED market by considering main stakeholders in the industry and their subsequent roles. The market research also offers a in-depth study of the Porter's Five Forces analysis of the sector.

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