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(Wireless-NewsWire.Com, March 17, 2018 ) Global UV LED market is expected to grow from US$ 178.4 million in 2016 to US$ 1,311.7 million by 2025 at a CAGR of 24.9%% between 2017 and 2025.
UV LEDs are the LED lights that emit ultraviolet beams that is used for a wide array of applications. UV LEDs are the technical advancement for the traditional UV lamps as these UV LEDs offer myriad benefits with respect to environment and alternative technologies. These lights consume relatively less energy and are more durable.
The report focuses on an in-depth segmentation of this market based by technology, and application. The geographic segmentation of the report covers six major regions including; North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA). The regional market has been further bifurcated by respective countries. By application segment UV curing accounted for the largest share of the UV LED market in 2016; whereas, water treatment is expected to grow at the highest CAGR during the forecast period. The growth of the UV LED application in water treatment is majorly attributed towards the ability of LED technology to enable the UV water treatments to be utilized in applications that weren’t available formerly to conventional UV lamps. This has further allowed the remote regions to make use of UV LEDs for waste water treatment and purification.
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The report aims to provide an overview of global UV LED market with detailed market segmentation. Also, it analyzes the current UV LED market scenario and forecasts the market till 2025. The report covers market dynamics effecting the market during the forecast period. Furthermore, the report analyzes the competitive scenario, geographic trends, and opportunities in the markets with respect to all geographic regions. The report also includes the detailed company profiles of the key players in the market along with their market strategies. The report also provide PEST analysis of all five regions along with the SWOT analysis for all company profiled in the report.
Asia Pacific at present is one of the prominent regions in UV LED market which will contribute highest revenue globally due to the large presence of UV LED package manufacturers and UV LED applications in countries like Taiwan, South Korea and China. Rapidly growing UV LED application in North America in the coming year make it fastest growing region during the forecast period. South America is another region that is expected offer promising growth opportunities to the UV LED market during the forecast period. Some of the key players of UV LED market include LG Electronics, Inc, Crystal IS, Nichia Corporation, Phoseon Technology, SemiLEDs Corporation, Seoul Viosys Co. Ltd, Halma PLC., DOWA Electronics Materials Co., Ltd Corporation, Heraeus Holding GmbH, Koninklije Philips N.V., among others.
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- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global UV LED market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the UV LED market, thereby allowing players across the value chain to develop effective long term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
- Examine the political, economic, social and technology impact of the five regions namely: North America, Europe, Asia Pacific, Middle East & Africa and South America.
Some of the important players
1. Koninklijke Philips N.V.
2. LG Electronics, Inc.
3. Crystal IS Inc.
4. Nichia Corporation
5. Phoseon Technology
6. SemiLEDs Corporation
7. Seoul Viosys Co. Ltd.
8. Sensor Electronic Technolgy Inc.
9. Halma PLC
10. Heraeus Holding GmBH
Complete Report is Available at http://www.theinsightpartners.com/reports/uv-led-market
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