Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1025.45 Million | USD 4076.93 Million | 14.8% | 2024 |
FrequentlyAsked Questions
UV LED devices are capable of reducing light whenever an electric current is passed through the terminals. The ultraviolet light-emitting diode operates below 100 degrees temperature. These are widely used in electronic devices to fulfill the purpose of exposing PCB to air. These LEDs are used in a number of applications, including medical, phototherapy, sterilization & disinfection, indoor gardening, purification, and forensic purposes. The ultraviolet LED technology can transform electric energy into ultraviolet light energy. UV LEDs are frequently found in CCFL technology and do not comprise toxic mercury. They are comparatively more durable & compact than CCFL and highly resistant to vibrations. However, it helps in less product breakage, thereby providing low maintenance expense and waste in total.
The global UV led market is expected to grow due to increasing demand for energy-efficient and environmentally friendly disinfection, sterilization, and curing solutions across various industries like healthcare, water treatment, and industrial manufacturing, coupled with continuous technological advanceme.
According to a study, the global UV led market size was worth around USD 1025.45 Million in 2024 and is expected to reach USD 4076.93 Million by 2034.
The global UV led market is expected to grow at a CAGR of 14.8% during the forecast period.
Asia-Pacific is expected to dominate the UV led market over the forecast period.
Leading players in the global UV led market include Nordson Corporation, LG Innotek Co. Ltd., Lumileds Holding B.V, Nichia Corporation, OSRAM, Koninklijke Philips N.V., Semileds Corporation, Crystal IS, Sensor Electronic Technology, Phoseon Technology, among others.
The report explores crucial aspects of the UV led market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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