$18.9 Billion UV-C LED Market - Global Growth, Drivers, COVID-19 Impact and Forecasts to 2030

Dublin, Nov. 12, 2021 (GLOBE NEWSWIRE) -- The "UV-C LED Market by Application: Global Opportunity Analysis and Industry Forecast, 2021-2030" report has been added to ResearchAndMarkets.com's offering.

The global UV-C LED market size was valued at $208.3 million in 2020 and is projected to reach $18,941.3 million by 2030, registering a CAGR of 59.7% from 2021 to 2030. UV-C LED is a subtype of UV LED emitting light having wavelengths from 100 nm to 280 nm. UV-C LED is suitable for disinfection of purification since it effectively renders bacteria, viruses and fungi harmless. UV-C LED has a highly disinfecting effect as UV-C is absorbed by the DNA of microorganisms, inactivating their reproduction process.

The growth of the global UV-C LED industry is majorly driven by a surge in adoption for water purification and UV-C LED is highly effective for disinfection. However, thermal management of UV-C LED is a major concern of the technology and limits the market growth. Conversely, the integration of UV-C LED with home appliances and consumer products is expected to create remunerative opportunities for market growth during the forecast period. In addition, UV-C LEDs recent price cut in its unit cost price, and improving output power and reliability are some of the other factors that are driving the market growth substantially.

The UV-C LED market is segmented into application, and region. The applications covered in the study include water/air disinfection, sterilization, healthcare, industrial, sensing, and others. Region wise, the UV-C LED market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

The key players operating in the UV-C LED market include:

• ams OSRAM

• Crystal IS Inc.

• Convergever Inc. Ltd.

• DOWA Holdings Co. Ltd

• Harvatek Corporation

• Heraeus Holding GmbH

• High Power Lighting Corporation

• IBT Group

• International Light Technologies Inc.

• HiMedia Laboratories Pvt.Ltd (HiMedia)

• Lonza Group Ltd. (Lonza)

• Merck & Co., Inc. (Merck)

• Thermo Fisher Scientific Inc. (Thermo Fisher)

KEY MARKET SEGMENTS BY APPLICATION

• Water/Air Disinfection

• Sterilization

• Healthcare

• Industrial

• Sensing

• Others

BY REGION

• North America

• U.S.

• Canada

• Mexico

• Europe

• UK

• Germany

• Italy

• France

• Rest of Europe

• Asia-Pacific

• China

• Japan

• India

• South Korea

• Rest of Asia-Pacific

• LAMEA

• Latin America

• Middle East

• Africa

Key Topics Include:

Chapter 1: Introduction
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2: Executive Summary
2.1. Key findings
2.1.1. Top impacting factors
2.1.2. Top investment pockets
2.2. CXO perspective

CHAPTER 3: Market Overview
3.1. Market definition and scope
3.2. Key forces shaping UV-C LED market
3.3. Market dynamics
3.3.1. Drivers
3.3.1.1. UV-C LED is highly effective for disinfection
3.3.1.2. Surge in adoption for water purification
3.3.2. Restraint
3.3.2.1. Thermal management of UV-C LED is a concern
3.3.3. Opportunities
3.3.3.1. Integration with home appliances and consumer products
3.4. COVID-19 impact analysis on the UV-C LED market
3.4.1. Impact on market size
3.4.2. End user trends, preferences, and budget impact
3.5. Market share analysis
3.6. Pricing analysis of packages
3.6.1. Tape & reel (TR)
3.6.2. Cut tape (CT)
3.6.3. Others
3.7. Value chain analysis
3.7.1. Raw material supplier
3.7.2. LED epi wafer/chip
3.7.3. LED package
3.7.4. LED module/system
3.7.5. End product
3.7.6. End users

CHAPTER 4: UV-C LED Market by Application
4.1. Overview
4.2. Water/air disinfection
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis, by country
4.3. Sterilization
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis, by country
4.4. Healthcare
4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market analysis, by country
4.5. Industrial
4.5.1. Key market trends, growth factors, and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market analysis, by country
4.6. Sensing
4.6.1. Key market trends, growth factors, and opportunities
4.6.2. Market size and forecast, by region
4.6.3. Market analysis, by country
4.7. Others
4.7.1. Key market trends, growth factors, and opportunities
4.7.2. Market size and forecast, by region
4.7.3. Market analysis, by country

CHAPTER 5: UV-C LED Market by Region
5.1. Overview
5.2. North America
5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, by application
5.2.3. Market analysis, by country
5.3. Europe
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by application
5.3.3. Market analysis, by country
5.4. Asia-Pacific
5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast, by application
5.4.3. Market analysis, by country
5.5. LAMEA
5.5.1. Key market trends, growth factors, and opportunities
5.5.2. Market size and forecast, by application
5.5.3. Market analysis, by country

CHAPTER 6: Competitive Landscape
6.1. Introduction
6.1.1. Key player positioning, 2020
6.2. Competitive dashboard
6.3. Competitive heatmap
6.4. Top winning strategies

CHAPTER 7: Company profiles

Key Topics Covered:

For more information about this report visit https://www.researchandmarkets.com/r/krd5f6

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