UV LED Market Expected To Reach XX Million By 2025 - Expanding Novel Applicability With Flexible, Reliable and Cost-Effective UV LED technologies
According to a new report published by Reports Monitor titled, “UV LED Market by Colour, Wavelength, Technology and Application: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the global UV LED Market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. Asia-Pacific is the largest market for UV LED occupying highest share of the market and anticipated to continue the trend during the forecast period.
UV LEDs are a strong state semiconductor gadget that produces light when an electrical current is permitted to pass from the positive (p-type or anode) side of the circuit to the negative (n-type or cathode) side. This is known as the 'p-n junction. These gadgets release bright radiation that have wavelength of under 400nm and has integrated features such as compact, great performance and cost effective. Prior LEDs would just emanate a low-intensity red light; but currently LEDs are available over the visible, infrared and ultraviolet wavelengths. It offers products and application in all segments giving proper safety and predominant execution. UV LED Serves indispensable part in sterilization of equipments and areas, disinfection of material, phototherapy in healthcare, drying curing inks, printing for digital, screen and flexographic processes, UV coating for wood surfaces, UV adhesive curing for industrial bonding & Sealing, forensic and many more.
The consumer necessity for UV LED is expected to widen greatly in the coming years ascribing to upsurge in demand for UVA and UVC items, extended versatility and applicability of technologically advanced UV LED devices that is prompting development of the market at rapid pace. Different components boosting the market development incorporates minimum heat production, minimized and adaptable outline, less vitality eating up lights and curing, offering expanded lifetime benefits, simple on-off switching ability, dangerous material and ozone free atmosphere advantages and wellbeing and security benefits. Novel applications, for example, water, surface and air disinfection and purification, flat panel display manufacturing for smart phones, OLED TV are the components that will drive the development of the market in future. Enduring infiltration of UV LED innovation in the booming of UV curing industry coupled with its superiority over inherent technologies, for example, mercury lights has prompted steady upsurge in the UV LED market. Nonetheless, production of chip connected in UV LED and moderately high-cost of the items than peer products utilized for indistinguishable application may go about as obstacle limiting the development of the market. Usage of UV LED in agribusiness, nourishment and refreshment industry and solar products has unfit to acquire desired outcomes which give lucrative chances to grow investigate in a similar field.
Key Questions Answered:
• What will the market size and the growth rate be in 2025?
• What are the key factors driving the global UV LED market?
• Who are the key vendors in the global UV LED market?
• What are the challenges to market growth?
• What is the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the market opportunities and threats faced by the vendors in the global UV LED market?
• What are the key outcomes of the five forces analysis of the global UV LED market?
Major companies enlisted in the report are: LG Electronics Inc., Koninklijke Philips N.V., Honle Group, Nordson Corporation, SemiLEDs Corporation, Heraeus Holding GmbH, Crystal IS Inc., Halma PLC., Seoul Viosys Co, Ltd., Sensor Electronics Technology Inc. and Nichia Corporation
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