Ultraviolet LED lamps Market size shall reach a value of $6,532.2 Million in 2027, growing with a CAGR of 12.3% during the forecast period of 2020 to 2027.
Ultraviolet LED lamps Market Growth and Trends
Widely used for treatment of water, disinfecting food and beverages, and purification of air, ultra violet lamps are most likely to witness remarkable increase in demand in the coming years, ensuring an upward-sloping, steep, high growth curve. The benefit received from UV lamps stemming from their ability to emit ultraviolet radiation with a wavelength ranging between 400 nm and 100nm, thereby serving the purpose is to disinfect or deactivate the DNA and RNA of bacteria, viruses, and other pathogens, thus destroying their potential to multiply, trigger high demand for these lamps. The global UV lamps market is anticipated to register a very high CAGR in the forthcoming years. Growth of the global UV lamps market is primarily fostered by increasing industrial development and strict government regulations. Additionally, the increasing demand trend in the global UV lamps market include rising adoption of UV systems in the healthcare sector as well as the food and beverages industries. Of the global UV lamps market segmented into UV mercury lamp and UV LED, the former records higher growth patterns accounting for a high percentage of the global UV lamp market share, followed by the latter. This is because UV mercury lamps are further sub-categorized into low-pressure mercury lamps, medium-pressure UV lamps, and amalgam mercury lamps, of which amalgam mercury lamps are seen to account for over 40 per cent of the total UV mercury lamp segment revenue and is expected to remain dominant and the fastest-growing sub-segment in the market. Increasing the use of reclaimed water for landscape irrigation, car washing, and urinals has led to high demand for disinfection technologies, fuelling the market growth for UV lamps.
UV radiation is not appropriate for water due to high proportions of soluble organic matter, suspended solids, or turbidity, making it difficult for radiation to penetrate water.
Ultraviolet LED Lamps Market Regional Analysis
UV Mercury Lamps hold 90% of the total share, whereas UV Led accounts for only 4% of the claim; and double digits are estimated by 2025. The global and major market regions are divided into seven geographical areas: Western Europe, Japan, Eastern Europe, Africa, North America, and Asia Pacific (APEJ). APEJ (excluding Japan) has an overall 30% of the total revenue of the UV Lamps’ Market in 2014, and Eastern Europe accounts for 20% of the total shares. The manufacturers contributing significantly to the UV Lamps’ Market growth are Calgon Carbon Corporation, trojan technologies, Halma PVC, Xenex disinfection services, etc. Researchers estimated that by 2027, the US market would grow by $71.5 million, and China will reach $127.7. Other countries like Japan, Canada, and Germany growing at a rate of 7.1%, 8.9, and 7.9% of CAGR.
Ultraviolet LED Lamps Market Competition
Key companies operating in this industry are LG Electronics Inc. (South Korea), Koninklijke Philips N.V. (Netherlands), Honle Group (Germany), Nordson Corporation (U.S.), SemiLEDs Corporation (Taiwan), Halma Plc (U.K.), Heraeus Holding GmbH (Germany), Crystal IS Inc. (U.S.), Seoul Viosys Co, Ltd. (South Korea), Sensor Electronics Technology Inc. (U.S.), and Nichia Corporation (Japan) among others.
- Ultraviolet LED Lamps Market Revenue Estimation and Forecast (2020 – 2027)
- Production Estimation and Forecast (2020 – 2027)
- Sales/Consumption Volume Estimation and Forecast (2020 – 2027)
- Breakdown of Revenue by Segments (2020 – 2027)
- Breakdown of Production by Segments (2020 – 2027)
- Breakdown of Sales Volume by Segments (2020 – 2027)
- Gross Margin and Profitability Analysis of Companies
- Business Trend and Expansion Analysis
- Import and Export Analysis
Ultraviolet (UV) Lamps Market Segmentation
Product Outlook (Revenue, USD Million, 2020 - 2027)
Application Outlook (Revenue, USD Million, 2020 - 2027)
- Medical & scientific
Country (Revenue, USD Million, 2020 - 2027)
- United States
- United Kingdom
- South Korea
- Middle East
- Rest of World
Ultraviolet Lamps Market Companies
- Trojan Technologies
- Chiyoda Kohan
- Getinge Group
- Calgon Carbon
- Evoqua Water
- UltraViolet Devices
- Atlantic Ultraviolet