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UV Curing System Market by Technology, Type, Pressure, Application, End-User Industry And Geography - Global Forecast to 2023

UV Curing System Market: Global Forecast until 2023

  • April 2018
  • 166 pages
  • ID: 5377125
In this report:
According to the International Sign Association (US) whitepaper published in 2013, the number of UV curing printing systems installed in North America in 2013 was ~##,## units, and the demand for UV curing printing systems is expected to grow by ##.##% in 2018.
However, the shipment for UV LED is expected to be valued at ##,##.## thousand units by 2023, at a higher CAGR of ##.##% between 2018 and 2023.

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UV curing system market forecasted to grow at a Compound annual growth rate of ~10.7 percent during forecast period

According to the new market research report, the UV curing system market was estimated at ~$3.3B in 2018 and is forecasted to reach ~$5.4B by 2023, at a compound annual growth rate (CAGR) of ~10.7 percent between 2018 and 2023. The increase of this market can be accredited to environmental awareness and stringent regulations; and low curing time and better performance as distinguished to traditional curing systems. On the other hand, limited depth of curing is restraining the increase of the market.

UV LED to grow at the maximal compound annual growth rate (CAGR) for UV curing system market between 2018 and 2023

This industry report includes the following technology: Mercury lamp and UV LED system.Presently, UV LED system maintains a smaller share in the UV curing system market, as it is used in limited applications; nevertheless, in the next years, the UV LED market will be driven by deployment in new applications including purification and disinfection.

UV LED consumes less energy and generates less heat compared to mercury lamps, making it the most preferred UV curing technology in the next years.

Construction and architecture sector to grow at a better compound annual growth rate in UV curing system market between 2018 and 2023

This study has been broken down, on the basis of end-user market, into medical, consmer electronics, and construction and architecture.The construction and architecture sector is mainly influenced by the growing UV coating market across the world.

On top of, rising investments by government in public infrastructure including highway joint sealing, structural bonding of bridge, and railways to cater to the needs of customized coating are fueling the industry demand for UV curing technologies in the construction industry.

UV curing system market in RoW forecasted to grow at the highest CAGR (Compound annual growth rate) between 2018 and 2023

This analysis contains the following regions: North America (NA), EU, Asia-Pacific, and RoW.The industry in RoW is anticipated to grow at the highest compound annual growth rate (CAGR) between 2018 and 2023.

The Middle East (ME) recorded for a substantial share of the UV curing system market in ROW. Increasing awareness about benefits of UV curing technology is fueling the increase of the UV curing market in RoW.

BREAKDOWN OF PROFILES OF PRIMARY PARTICIPANTS

• By Company category: Tier 1-55.0 percent, Tier 2-25.0 percent, and Tier 3-20.0 percent

• By Description: Directors-50%, Managers-20%, Vice Presidents-25%, and Others-5%

• By Area: North America-40%, APAC-15%, Europe-35%, and RoW-10%

Firms decribed in the market research are Dymax, Nordson, Baldwin Technology, Heraeus, Phoseon, Honle, Panasonic Corporation of North America, Delo, IST METZ, and American Ultraviolet. This market report also covers the following major players: Omron, Excelitas, Uvitron, Atlantic Zeiser, Benford UV, GEW, Hanovia, Miltec UV, Thorlabs, and Hoya.

Segment Research

UV curing systems are primarily used in medical, consumer electronics, and industrial verticles.UV curing system has also been divided on the basis of type into spot cure, flood cure, and focused beam.

On the basis of technology, this sector has been divided into mercury lamp and UV LED.UV curing system includes the following pressure type: high, medium, and low.

This business report also includes the following application: bonding and assembling; printing; coating and finishing; disinfection; and others. The sector has been broken down, on the basis of area, into North America continent, Europe (EU), Asia-Pac, and RoW.

Reasons to Buy the Report

• this business report includes the industry statistics pertaining to technology, category, application, pressure, end-user market, and area, together with their respective revenues.

• The value chain study is provided with a detailed insight into the UV curing system market.

• Major drivers, market restraints, opportunities, and alternatives pertaining to the UV curing system market are detailed in this industry report.

• Illustrative segmentation, review, and estimate for the UV curing system market established on application, technology, category, pressure type, end-user sector, and area are conducted to provide an global view of the UV curing system market.

• A in-depth competitive landscape is provided for the top 5 firms, containing their revenues.

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