UV LED Market Analysis, Scope, and Growth by 2025
UV LED Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2016 | US$ 178.4 Million |
Market Size by 2025 | US$ 1,311.7 Million |
Global CAGR (2016 - 2025) | 24.8% |
Historical Data | 2014-2015 |
Forecast period | 2017-2025 |
Segments Covered |
By Technology
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Key Player Analysis:
The UV LED market analysis consists of the players such as Koninklijke Philips, L.G Electronic, Crystal IS, Nichia Corporation, Phoseon Technology, SemiLEDs Corporation, Seoul Viosys Co. Ltd, Halma PLC, DOWA Electronics Materials Co., Ltd., and Heraeus Holding GmbH. Among the players in the UV LED Heraeus Holding GmbH and Phoseon Technology are the top two players owing to the diversified product portfolio offered.
Recent Developments:
Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the UV LED market. A few recent key market developments are listed below:
- In March 2022, Signify collaborated with Perfect Plants on grow lights. Two new climate cells are equipped with dimmable Philips GreenPower LED toplighting compact to grow lights and the Philips GrowWise Control System, providing a light system that can be used effectively and efficiently in every growth phase.
- In January 2021, OSRAM unveiled their new portable UV-C air cleaner to fight against viruses in this Covid-19 pandemic. The invisible ultraviolet light kills viruses with a reliability of 99.9%.