UV Curing System Market Size, Share & Analysis by 2021, 28
The UV curing system market was valued US$ 2,817.2 million in 2021 and is expected to reach US$ 5,153.2 million by 2028 with a CAGR growth rate of 9.0% during the forecast period from 2021 to 2028.
UV curing is a method of drying inks, adhesives, and coatings. The UV curing system is a relatively old technology and has been used for a long time. The old UV curing systems used mercury lamps for curing. However, with advancements in technology and the increasing effect of mercury lamps on the workers and environment, UV LEDs are used as a source in the curing systems. The curing method is widely used in many industry verticals, such as automotive, healthcare, electronics, aerospace, graphic & art, and wood coatings. With demand rsising for bonding & assembling, printing, coating, and other process in aforesaid industries, the demand for systems will continue to rise, which in turn will proper the growth of UV curing system market.
The major stakeholders in the global UV curing system market ecosystem include component manufacturers, UV curing system manufacturers, government agencies and regulatory bodies, and end users. Component and hardware providers offer numerous parts and components to UV curing system manufacturers. Any impact on these component manufacturers directly impacts the UV curing system producers as the whole production process is dependent on timely supply of the components. The broad supply chain of UV curing system plays a huge role in boosting the growth of UV curing systems, and thus impacting the Uv curing system market growth.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
UV Curing System Market: Strategic Insights
Market Size Value in US$ 2,817.2 million in 2021 Market Size Value by US$ 5,153.2 million by 2028 Growth rate CAGR of 9.0% from 2021 to 2028. Forecast Period 2021- 2028 Base Year 2020
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
UV Curing System Market: Strategic Insights
| Market Size Value in | US$ 2,817.2 million in 2021 |
| Market Size Value by | US$ 5,153.2 million by 2028 |
| Growth rate | CAGR of 9.0% from 2021 to 2028. |
| Forecast Period | 2021- 2028 |
| Base Year | 2020 |
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Impact of COVID-19 Pandemic on UV Curing System Market Study on APAC region
The limitations imposed by several governments across the region to control the spread of COVID-19 during the initial time frame of the outbreak (Q1 2020) has severely affected the production process due to the restriction of a limited workforce in industries such as automotive, and electronics. Consumer electronics and automotive are the significant sectors that contribute towards the growth of the UV curing system market in the region. Owing to job loss or salary cut, buying capacity of the customer decreased substantially. The reduced buying power impacted the sales of consumer electronic across the region. The Indian automotive industry suffered a daily loss of US$ 31,164 million approximately during 2020 according to Automobile Industry Associations. Similarly, according to the World Economic Forum the car sales in China dropped by 92% in the first half of February 2020. However, as the economies re-opened and industries began their operations, the requirement for UV curing system from various end-users has started to grow gradually. Also, with ease in earlier restrictions, companies can now work with high workforce capacity. The downturn inindustrial activities have negatively impacted the UV curing system market.
UV Bonding & Assembling Fuel Growth of UV Curing System Market
UV bonding and assembling is a process used for glass, metal, and plastic bonding purposes and assembly of printed circuit boards (PCB). The bonding used in this process uses ultraviolet sensitive adhesives that are applied to products and exposed to energy from UV curing lamps for curing. UV curing makes the process faster, more flexible, long-lasting, and environment friendly than other processes.
UV LED curing method reduces the emissions of the volatile compounds. Therefore, the demand for the UV curing systems using LED increased in various verticals, which is driving the growth of the market. However, limited depth curing may act as a restraint in the growth of the UV curing system market.
The rise in demand for PCB from various industries, such as electronics and automotive, influences the rise in demand for PCB across the globe. Manufacturers of consumer electronics, wearable gadgets, such as smartwatches that contain chips and flexible sensors, are seeing new prospects owing to the Internet of Things (IoT). Breakthroughs in device design and manufacturing technology are having a favorable impact on PCB production across the world. Thus, the rise in PCB production is propelling the demand for bonding & assembling processes from the manufacturers. Additionally, demand for glass bonding is expected to increase in end-use sectors such as electronics, furniture, and transportation, which would fuel the market growth for the UV bonding and assembling application segment during the forecast period.
The other segment in the UV curing system market includes food & beverage, manufacturing, packaging, wood and others. UV curing system is used in these applications for different purposes such as bonding & assembling, disinfection, and printing. With the advanced features provided by the UV curing systems over the conventional curing system is leading various companies to opt for this system as the curing method for faster drying. These reasons will support the growth of UV curing systems currently and in the coming years. For instance, UV curing system in the food and bev verage is industries is increasing used for disinfecting contaminated ground and surface water. They are also actively used for treating food and packaging material that pass through conveyor belts to ensure safety of product before reaching the ultimate consumer. These factors are propelling the demand for UV curing systems among the food a& beverage industry over the years. Additionally, the rise in adoption of UV curing systems for bonding applications across the wood industry owing to its fast dry nature is further propelling the growth of the market.
End User-Based Market Insights
Based on end users, the UV curing system market is segmented into automotive, healthcare, electronics, and others. In the automotive industry, UV curing is mainly used to dry the paints faster and increase the curing speed. Since automobile companies' painting/drying capacity is one of the main blockages in most OEM lines and body shops, UV curing technology provides an outstanding time-saving procedure for the companies. This method is used in various other applications in the automotive industry, such as varnish on the body or scratch-proofing coating on the exterior or interior components, anticorrosion coating on tanks or metal springs, deburring of plastic parts, screen printing on glass panes, and adhesives on trim panels or rear spoilers. For instance, Heraeus Holding uses UV curing to provide various automotive sector services. It offers UV curing costing for headlamp lenses, lighting reflector housing, exterior body components, and underhood components. This increases the use of UV curing in the automotive sector. Therefore, the UV curing system market for the automotive segment is expected to grow in the coming years.
UV LED Curing Association, American Coatings Association, and International LED-UV Association play an influential role in the UV curing system market ecosystem. The COVID-19 outbreak has affected the UV curing system market growth to a considerable extent. The outbreak affected business revenues and global supply chains due to factory shutdowns, temporary closure of borders, and trade restrictions across the globe. However, this market is expected to do well as the situation is coming back to normalcy.
UV Curing System Market Report Scope
Players operating in UV curing system market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:
- AMS Spectral UV President Rich Bennett announced the company's return as not only a founder, but as a Platinum Sponsor of Print UV 2022 on March 16-18 at the Wynn Encore.
- Phoseon Technology announced partnership with American Ultraviolet for the advancement of LED curing in all UV curing markets.
In the global UV curing system market is segmented on the basis of application and end user. Based on application, the market is segmented into bonding & assembling, disinfection, coating & finishing, and printing. Based on end users, the UV curing system market is segmented into automotive, healthcare, electronics, and others.
American Ultraviolet, AMS Spectral UV, Dymax Chemical (Shanghai) Co. Ltd, Excelitas Technologies Corp., Hanovia-uv, Heraeus Holding GmbH, Jenton Group, Nordson Corporation, and Phoseon Technology are among the key UV curing system market players considered for the research study. Several players have also been analyzed in this research report to get a holistic view of the global UV curing system market and its ecosystem.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Application and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
There is an increase in the use of 3D printing in today's market. Many companies are increasingly using this technology for creating a three-dimensional structure for rapid prototyping and additive manufacturing. The UV curing process is based on photochemical reaction, using light instead of heat, which instantly dries and cures the inks. Therefore, with the high adoption of 3D printing in the global market, the market for UV curing is simultaneously growing, and it will continue to increase in the coming years.
The robust manufacturing industry across the APAC region is significantly driving the APAC UV curing system market. The countries across the region have a huge presence of electronics, automotive and medical equipment manufacturers. UV curing systems are actively utilized across these companies for various applications such as die attachment, wire tacking, pin attachment, and sealing & gasketing products. UV curing solutions are also adopted for coating applications across this industry.
UV Bonding and assembling is a process that is used for glass, metal, and plastic bonding purpose, as well as assembly of printed circuit boards (PCB). The bonding used in this process uses ultraviolet sensitive adhesives that are applied on the products and are exposed to energy from UV curing lamps for curing. Using UV curing makes the process fast, flexible, long lasting, and environment friendly in comparison to other process.
UV LED-based curing systems have better properties than the other curing systems, such as better abrasion resistance, durability, elasticity, adhesion, and chemical resistance. Hence, the demand for UV LED-based curing systems is increasing over conventional curing systems that use mercury lamps.
The growing acceptance of UV curing solutions across industries such as manufacturing, food & beverages, wood & glass, electronics, and automotive for various applications—including bonding & assembling, printing, coasting & finishing, and disinfection—is influencing the market players to increase their investment in product innovation and geographical expansion.
UV LED-based curing systems have better properties than the other curing systems, such as better abrasion resistance, durability, elasticity, adhesion, and chemical resistance. Hence, the demand for UV LED-based curing systems is increasing over conventional curing systems that use mercury lamps. These systems also provide a better operational speed of the machine and faster drying of the product. The UV curing systems also reduce the emission of the volatile organic compounds (VOCs) released during painting, coatings, inks, adhesives, and similar materials. Hence, these systems are highly adopted in a wide variety of applications such as furniture, automotive, healthcare, and electronics.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. UV Curing System Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 Asia Pacific
4.2.4 Middle East & Africa
4.2.5 South America
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. UV Curing System Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increase in Demand for UV LED-Based Curing over Conventional Curing Methods
5.1.2 Stringent Government Regulations
5.2 Market Restraints
5.2.1 Limited Depth of Curing
5.3 Market Opportunities
5.3.1 Rising Investment in Strategic Developments by Major Players
5.4 Future Trends
5.4.1 Increasing Adoption of UV Curing Solutions for 3D Printing and Wood Coating
5.5 Impact Analysis of Drivers and Restraints
6. UV Curing System Market – Global Analysis
6.1 UV Curing System Market Overview
6.2 UV Curing System Market Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning – Five Key Players
7. UV Curing System Market Analysis – by Application
7.1 Overview
7.2 UV Curing System Market Breakdown, by Application, 2020 and 2028
7.3 Bonding & Assembling
7.3.1 Overview
7.3.2 Bonding & Assembling: UV Curing System Market Revenue and Forecast to 2028 (US$ Million)
7.4 Disinfection
7.4.1 Overview
7.4.2 Disinfection: UV Curing System Market Revenue and Forecast to 2028 (US$ Million)
7.5 Coating & Finishing
7.5.1 Overview
7.5.2 Coating & Finishing: UV Curing System Market Revenue and Forecast to 2028 (US$ Million)
7.6 Printing
7.6.1 Overview
7.6.2 Printing: UV Curing System Market Revenue and Forecast to 2028 (US$ Million)
8. UV Curing System Market Analysis – by End User
8.1 Overview
8.2 UV Curing System Market, by End User (2020 and 2028)
8.3 Automotive
8.3.1 Overview
8.3.2 Automotive: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Healthcare
8.4.1 Overview
8.4.2 Healthcare: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Electronics
8.5.1 Overview
8.5.2 Electronics: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
9. UV Curing System Market – Geographic Analysis
9.1 Overview
9.2 North America: UV Curing System Market
9.2.1 North America: UV Curing System Market – Revenue Forecast to 2028
9.2.2 North America: UV Curing System Market, by Application
9.2.3 North America: UV Curing System Market, by End User
9.2.4 North America: UV Curing System Market, by Key Country
9.2.4.1 US: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
9.2.4.1.1 US: UV Curing System Market, by Application
9.2.4.1.2 US: UV Curing System Market, by End User
9.2.4.2 Canada: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
9.2.4.2.1 Canada: UV Curing System Market, by Application
9.2.4.2.2 Canada: UV Curing System Market, by End User
9.2.4.3 Mexico: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
9.2.4.3.1 Mexico: UV Curing System Market, by Application
9.2.4.3.2 Mexico: UV Curing System Market, by End User
9.3 Europe: UV Curing System Market
9.3.1 Europe: UV Curing System Market – Revenue and Volume Forecast to 2028 (US$ Million)
9.3.2 Europe: UV Curing System Market, by Application
9.3.3 Europe: UV Curing System Market, by End User
9.3.4 Europe: UV Curing System Market, by Key Country
9.3.4.1 Germany: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.1.1 Germany: UV Curing System Market, by Application
9.3.4.1.2 Germany: UV Curing System Market, by End User
9.3.4.2 France: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.2.1 France: UV Curing System Market, by Application
9.3.4.2.2 France: UV Curing System Market, by End User
9.3.4.3 Italy: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.3.1 Italy: UV Curing System Market, by Application
9.3.4.3.2 Italy: UV Curing System Market, by End User
9.3.4.4 UK: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.4.1 UK: UV Curing System Market, by Application
9.3.4.4.2 UK: UV Curing System Market, by End User
9.3.4.5 Russia: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.5.1 Russia: UV Curing System Market, by Application
9.3.4.5.2 Russia: UV Curing System Market, by End User
9.3.4.6 Rest of Europe: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.6.1 Rest of Europe: UV Curing System Market, by Application
9.3.4.6.2 Rest of Europe: UV Curing System Market, by End User
9.4 APAC: UV Curing System Market
9.4.1 APAC: UV Curing System Market – Revenue and Volume Forecast to 2028 (US$ Million)
9.4.2 APAC: UV Curing System Market, by Application
9.4.3 APAC: UV Curing System Market, by End User
9.4.4 APAC: UV Curing System Market, by Key Country
9.4.4.1 Australia: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.1.1 Australia: UV Curing System Market, by Application
9.4.4.1.2 Australia: UV Curing System Market, by End User
9.4.4.2 China: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.2.1 China: UV Curing System Market, by Application
9.4.4.2.2 China: UV Curing System Market, by End User
9.4.4.3 India: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.3.1 India: UV Curing System Market, by Application
9.4.4.3.2 India: UV Curing System Market, by End User
9.4.4.4 Japan: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.4.1 Japan: UV Curing System Market, by Application
9.4.4.4.2 Japan: UV Curing System Market, by End User
9.4.4.5 South Korea: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.5.1 South Korea: UV Curing System Market, by Application
9.4.4.5.2 South Korea: UV Curing System Market, by End User
9.4.4.6 Rest of APAC: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.6.1 Rest of APAC: UV Curing System Market, by Application
9.4.4.6.2 Rest of APAC: UV Curing System Market, by End User
9.5 MEA: UV Curing System Market
9.5.1 MEA: UV Curing System Market – Revenue and Volume Forecast to 2028 (US$ Million)
9.5.2 MEA: UV Curing System Market, by Application
9.5.3 MEA: UV Curing System Market, by End User
9.5.4 MEA: UV Curing System Market, by Key Country
9.5.4.1 South Africa: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
9.5.4.1.1 South Africa: UV Curing System Market, by Application
9.5.4.1.2 South Africa: UV Curing System Market, by End User
9.5.4.2 Saudi Arabia: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
9.5.4.2.1 Saudi Arabia: UV Curing System Market, by Application
9.5.4.2.2 Saudi Arabia: UV Curing System Market, by End User
9.5.4.3 UAE: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
9.5.4.3.1 UAE: UV Curing System Market, by Application
9.5.4.3.2 UAE: UV Curing System Market, by End User
9.5.4.4 Rest of MEA: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
9.5.4.4.1 Rest of MEA: UV Curing System Market, by Application
9.5.4.4.2 Rest of MEA: UV Curing System Market, by End User
9.6 SAM: UV Curing System Market
9.6.1 SAM: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
9.6.2 SAM: UV Curing System Market, by Application
9.6.3 SAM: UV Curing System Market, by End User
9.6.4 SAM: UV Curing System Market, by Key Country
9.6.4.1 Brazil: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
9.6.4.1.1 Brazil: UV Curing System Market, by Application
9.6.4.1.2 Brazil: UV Curing System Market, by End User
9.6.4.2 Argentina: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
9.6.4.2.1 Argentina: UV Curing System Market, by Application
9.6.4.2.2 Argentina: UV Curing System Market, by End User
9.6.4.3 Rest of SAM: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
9.6.4.3.1 Rest of SAM: UV Curing System Market, by Application
9.6.4.3.2 Rest of SAM: UV Curing System Market, by End User
10. UV Curing System Market – COVID-19 Impact Analysis
10.1 Overview
10.2 North America: Impact Assessment of COVID-19 Pandemic
10.3 Europe: Impact Assessment of COVID-19 Pandemic
10.4 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
10.5 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
10.6 South America: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
12. Company Profiles
12.1 Dymax Corporation
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Excelitas Technologies Corp
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 NORDSON CORPORATION
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Phoseon Technology
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Heraeus Holding GmbH
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 AMS Spectral UV
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 IST METZ GmbH &Co. KG
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Jenton Group
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 American Ultraviolet
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Hanovia-UV
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. North America: UV Curing System Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 3. North America: UV Curing System Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 4. US: UV Curing System Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 5. US: UV Curing System Market, by End User –Revenue and Forecast to 2028 (US$ Million)
Table 6. Canada: UV Curing System Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada: UV Curing System Market, by End User –Revenue and Forecast to 2028 (US$ Million)
Table 8. Mexico: UV Curing System Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 9. Mexico: UV Curing System Market, by End User –Revenue and Forecast to 2028 (US$ Million)
Table 10. Europe: UV Curing System Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 11. Europe: UV Curing System Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 12. Germany: UV Curing System Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 13. Germany: UV Curing System Market, by End User –Revenue and Forecast to 2028 (US$ Million)
Table 14. France: UV Curing System Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 15. France: UV Curing System Market, by End User –Revenue and Forecast to 2028 (US$ Million)
Table 16. Italy: UV Curing System Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 17. Italy: UV Curing System Market, by End User –Revenue and Forecast to 2028 (US$ Million)
Table 18. UK: UV Curing System Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 19. UK: UV Curing System Market, by End User –Revenue and Forecast to 2028 (US$ Million)
Table 20. Russia: UV Curing System Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 21. Russia: UV Curing System Market, by End User –Revenue and Forecast to 2028 (US$ Million)
Table 22. Rest of Europe: UV Curing System Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 23. Rest of Europe: UV Curing System Market, by End User –Revenue and Forecast to 2028 (US$ Million)
Table 24. APAC: UV Curing System Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 25. APAC: UV Curing System Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 26. Australia: UV Curing System Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 27. Australia: UV Curing System Market, by End User –Revenue and Forecast to 2028 (US$ Million)
Table 28. China: UV Curing System Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 29. China: UV Curing System Market, by End User –Revenue and Forecast to 2028 (US$ Million)
Table 30. India: UV Curing System Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 31. India: UV Curing System Market, by End User –Revenue and Forecast to 2028 (US$ Million)
Table 32. Japan: UV Curing System Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 33. Japan: UV Curing System Market, by End User –Revenue and Forecast to 2028 (US$ Million)
Table 34. South Korea: UV Curing System Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 35. South Korea: UV Curing System Market, by End User –Revenue and Forecast to 2028 (US$ Million)
Table 36. Rest of APAC: UV Curing System Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 37. Rest of APAC: UV Curing System Market, by End User –Revenue and Forecast to 2028 (US$ Million)
Table 38. MEA: UV Curing System Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 39. MEA: UV Curing System Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 40. South Africa: UV Curing System Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 41. South Africa: UV Curing System Market, by End User –Revenue and Forecast to 2028 (US$ Million)
Table 42. Saudi Arabia: UV Curing System Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 43. Saudi Arabia: UV Curing System Market, by End User –Revenue and Forecast to 2028 (US$ Million)
Table 44. UAE: UV Curing System Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 45. UAE: UV Curing System Market, by End User –Revenue and Forecast to 2028 (US$ Million)
Table 46. Rest of MEA: UV Curing System Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 47. Rest of MEA: UV Curing System Market, by End User –Revenue and Forecast to 2028 (US$ Million)
Table 48. SAM: UV Curing System Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 49. SAM: UV Curing System Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 50. Brazil: UV Curing System Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 51. Brazil: UV Curing System Market, by End User –Revenue and Forecast to 2028 (US$ Million)
Table 52. Argentina: UV Curing System Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 53. Argentina: UV Curing System Market, by End User –Revenue and Forecast to 2028 (US$ Million)
Table 54. Rest of SAM: UV Curing System Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 55. Rest of SAM: UV Curing System Market, by End User –Revenue and Forecast to 2028 (US$ Million)
Table 56. List of Abbreviation
LIST OF FIGURES
Figure 1. UV Curing System Market Segmentation
Figure 2. UV Curing System Market Segmentation – By Geography
Figure 3. Global UV Curing System Market Overview
Figure 4. Bonding & Assembling Segment held the largest share in 2020
Figure 5. Automotive Segment held the largest share in 2020
Figure 6. APAC held the largest share in 2020
Figure 7. North America: PEST Analysis
Figure 8. Europe: PEST Analysis
Figure 9. Asia Pacific: PEST Analysis
Figure 10. Middle East & Africa: PEST Analysis
Figure 11. South America: PEST Analysis
Figure 12. UV Curing System Market – Ecosystem Analysis
Figure 13. Expert Opinion
Figure 14. Global UV Curing System Market: Impact Analysis of Drivers and Restraints
Figure 15. UV Curing System Market – Geographic Analysis
Figure 16. UV Curing System Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. UV Curing System Market Revenue Share, by Application (2020 and 2028)
Figure 18. Bonding & Assembling: UV Curing System Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Disinfection: UV Curing System Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Coating & Finishing: UV Curing System Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Printing: UV Curing System Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. UV Curing System Market Revenue Share, by End User (2020 and 2028)
Figure 23. Automotive: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Healthcare: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Electronics: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Others: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Global UV Curing System Market Revenue Share, by Region (2020 and 2028)
Figure 28. North America: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. North America: UV Curing System Market Revenue Share, by Application (2020 and 2028)
Figure 30. North America: UV Curing System Market Revenue Share, by End User (2020 and 2028)
Figure 31. North America: UV Curing System Market Revenue Share, by Key Country (2020 and 2028)
Figure 32. US: UV Curing System Market – Revenue Forecast to 2028 (US$ Million)
Figure 33. Canada: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Mexico: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. Europe: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 36. Europe: UV Curing System Market Revenue Share, by Application (2020 and 2028)
Figure 37. Europe: UV Curing System Market Revenue Share, by End User (2020 and 2028)
Figure 38. Europe: UV Curing System Market Revenue Share, by Key Country (2020 and 2028)
Figure 39. Germany: UV Curing System Market – Revenue Forecast to 2028 (US$ Million)
Figure 40. France: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 41. Italy: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 42. UK: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 43. Russia: UV Curing System Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 44. Rest of Europe: UV Curing System Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 45. APAC: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 46. APAC: UV Curing System Market Revenue Share, by Application (2020 and 2028)
Figure 47. APAC: UV Curing System Market Revenue Share, by End User (2020 and 2028)
Figure 48. APAC: UV Curing System Market Revenue Share, by Key Country (2020 and 2028)
Figure 49. Australia: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 50. China: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 51. India: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 52. Japan: UV Curing System Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 53. South Korea: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 54. Rest of APAC: UV Curing System Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 55. MEA: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 56. MEA: UV Curing System Market Revenue Share, by Application (2020 and 2028)
Figure 57. MEA: UV Curing System Market Revenue Share, by End User (2020 and 2028)
Figure 58. MEA: UV Curing System Market Revenue Share, by Key Country (2020 and 2028)
Figure 59. South Africa: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 60. Saudi Arabia: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 61. UAE: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 62. Rest of MEA: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 63. SAM: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 64. SAM: UV Curing System Market Revenue Share, by Application (2020 and 2028)
Figure 65. SAM: UV Curing System Market Revenue Share, by End User (2020 and 2028)
Figure 66. SAM: UV Curing System Market Revenue Share, by Key Country (2020 and 2028)
Figure 67. Brazil: UV Curing System Market – Revenue Forecast to 2028 (US$ Million)
Figure 68. Argentina: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 69. Rest of SAM: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 70. Impact of COVID-19 Pandemic in North America Country Markets
Figure 71. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 72. Impact of COVID-19 Pandemic in APAC Country Markets
Figure 73. Impact of COVID-19 Pandemic in Middle East and Africa Countries
Figure 74. Impact of COVID-19 Pandemic in South America Countries
The List of Companies - UV Curing System Market
- American Ultraviolet
- AMS Spectral UV
- Dymax
- Excelitas Technologies Corp.
- Hanovia-uv
- Heraeus Holding
- IST Metz GmbH
- Jenton Group
- Nordson Corporation
- Phoseon Technology
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Get Free Sample For