Sunday, August, 25, 2019 10:29:15

The ‘UV LED market’ research report is latest addition by Market Study Report, LLC, that elucidates relevant market and competitive insights as well as regional and consumer information. In a nutshell, the research study covers every pivotal aspect of this business sphere that influences the existing trends, profitability position, market share, market size, regional valuation, and business expansion plans of key players in the UV LED market.

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UV LED market is expected to grow US$ 1,311.7 million by 2025 from US$ 178.4 million in 2016. The market for UV LEDs has expanded more than five folds over past decade. Since then the market has witness dramatic transformation in the technology as well as its adoption patters. Earlier the UV LEDs were restricted to specific application such as curing, counterfeit detection and sterilization. However, over the year UV LEDs have conquered the technical specification to cater to various other applications that includes medical, water treatment and electronic devices.

Key trend that are expected to predominantly influence the market in coming year is evolution of new applications in future. The research and development teams in various companies are working towards further technical development of UV LED in order to cater the next generation industries. The UV lights have widespread application in multiple industries, which also includes agriculture, solar products and food & beverages industry. However, the implementation of UV LEDs is very limited in these industries, as the present UV LED technology is unable to provide desired results. However, professional across the globe are intensively working towards the development of UV LED technologies that would be even more flexible and reliable, along with being cost effective. This trend is anticipated to drive the demand for UV LEDs in various other novel industries.

UV LED market by application is segmented into curing, medical, electronic devices, water treatment (purification & waste water management), security and others (mineralogy, astronomy, pest control and home cleaning). The UV curing application segment is expected to account 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 overall market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the market. Also, primary interview were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the UV LED package manufacturing industry.

Table of Contents
1Table of Contents2
1.1List of Tables9
1.2List of Figures10
1.2.1Introduction13
1.3Scope of the Study13
1.4The Insight Partners Research Report Guidance13
2Key Takeaways15
3UV LED Market Landscape17
3.1Market Overview17
3.2Pricing Analysis18
3.2.1Pricing Analysis for UV LED Package by Technology Type (2016)18
3.2.1.1UV-A LED Package Pricing Analysis18
3.2.1.2UV-B LED Package Pricing Analysis19
3.2.1.3UV-C LED Package Pricing Analysis19
3.3Market Segmentation20
3.3.1Global UV LED Market – By Technology21
3.3.2Global UV LED Market – By Application22
3.3.3Global UV LED Market – By Geography22
3.4PEST Analysis24
3.4.1North America PEST Analysis24
3.4.2Europe PEST Analysis26
3.4.3Asia Pacific PEST Analysis28
3.4.4Middle East & Africa PEST Analysis30
3.4.5South America PEST Analysis33
4Global Market – Key Industry Dynamics35
4.1Key Market Drivers35
4.1.1Global endorsement of energy saving policies35
4.1.2Rising Demand for Curing Processes35
4.1.3Burgeoning Technological Advancements in Manufacturing Industry36
4.1.4Widespread application of UV LED across multiple industries36
4.2Key Market Restraints37
4.2.1Relatively expensive than peer products used for similar applications37
4.3Key Market Opporunities37
4.3.1Emergence of novel application to generate new growth opportunities for players in the value chain37
4.4Future Trends38
4.4.1Entry of new players with disruptive technologies would result into decline in cost38
4.4.1Rise in development of enhanced UV LED packages to cater next generation industries38
4.5Impact Analysis of Drivers and Restraints39
5UV LED Market – Global40
5.1Global UV LED Market Overview40
5.2Global UV LED Market Forecast and Analysis40
6Global UV LED Market Analysis – By Technology42
6.1Overview42
6.2UV-A LED44
6.2.1Overview44
6.2.2Global UV-A LED Market Revenue and Forecasts to 2025 (US$ Mn)44
6.3UV-B LED45
6.3.1Overview45
6.3.2Global UV-B LED Market Revenue and Forecasts to 2025 (US$ Mn)45
6.4UV-C LED46
6.4.1Overview46
6.4.2Global UV-C LED Market Revenue and Forecasts to 2025 (US$ Mn)46
7Global UV LED Market Analysis -By Application48
7.1Overview48
7.2Curing49
7.2.1Overview49
7.2.2Global Curing Market Revenue and Forecasts to 2025 (US$ Mn)49
7.3Medical51
7.3.1Overview51
7.3.2Global Medical Market Revenue and Forecasts to 2025 (US$ Mn)51
7.4Electronic Devices53
7.4.1Overview53
7.4.2Global Electronic Devices Market Revenue and Forecasts to 2025 (US$ Mn)53
7.5Water Treatment54
7.5.1Overview54
7.5.2Global Water Treatment Market Revenue and Forecasts to 2025 (US$ Mn)54
7.6Security56
7.6.1Overview56
7.6.2Global Security Market Revenue and Forecasts to 2025 (US$ Mn)56

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