UV-C LED Market Expected to Reach $18.94 Billion by 2030, Healthcare Segment is Expected to Secure Leading Position
January 14, 2022
PORTLAND, OREGON, UNITED STATES, January 13, 2022 /EINPresswire.com/ -- The technology traditionally used as a source of UV-C radiation is the mercury lamp. UV-C LED offers several advantages over the other traditional UV lamps. They are compact in size and can be easily integrated with different home appliances like air conditioners, air purifiers or even washing machines. UV-C LEDs are often adopted for portable products.
Allied Market Research published latest report, titled, “UV-C LED Market by Application (Water/Air Disinfection, Sterilization, Healthcare, Industrial, Sensing, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030.” According to a report, the UV-C LED industry size was valued at $208.3 million in 2020, and is projected to reach at $18,941.3 million by 2030, growing at a CAGR of 59.7% during the forecast period.
The UV C LED market study provides a detailed analysis pertaining to the global market size & forecast, segmental splits, regional & country-level outlook, market dynamics & trends, Porters’ five force analysis, value chain analysis, competitive landscape, market share analysis, and patent analysis.
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The global UV C LED market share is segmented depending on product type, application, end user, key players and region.
Segmental analysis is offered (real time and forecast) in both quantitative and qualitative terms. This helps the clients to identify the most lucrative segment to consider for their further investments, based on the comprehensive backend analysis about the segmental performance, in addition to brief understanding of the operating companies and their development activities with respect to the UV C LED market.
COVID-19 Impact Analysis
The rapid spread of the coronavirus has had an enormous impact on the lives of people and the overall community. The report provides a brief overview of evolution of the coronavirus. In addition, it includes a micro- and macro-economic impact analysis. The report further showcases the market size and share depending on the impact of the COVID-19. Furthermore, reduction in the count of COVID-affected patients in the coming days with safety majors taken by governments and availability of vaccines are expected to gradually lower the impact of COVID-19 on the global UV C LED market. Additionally, the report highlights the key strategies adopted by players during the global health crisis. Hence, the report provides an overview of pre- as well as post-COVID-19 impact analyses.
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UV C LED market players is witnessing remunerative opportunities for expansion in the near future.
The UV C LED market trends is analyzed across four key regions, which include North America, Europe, Asia-Pacific, and LAMEA. The key countries contributing toward the growth of the market include:
• North America: U.S., Canada, and Mexico
• Europe: Germany, UK, Italy, Spain, France, and rest of Europe
• Asia-Pacific: India, China, South Korea, Japan, Australia, and rest of Asia-Pacific
• LAMEA: Brazil, Saudi Arabia, South Africa, and rest of LAMEA
The major players profiled in the UV C LED market report include, OSRAM, Crystal IS, Inc., Convergever Inc., Ltd., DOWA Holdings Co., Ltd, Harvatek Corporation, Heraeus Holding GmbH, High Power Lighting Corporation, IBT Group, International Light Technologies, Inc., IRTronix, Inc., Nichia Corporation, Nikkiso Co, Ltd., Nitride Semiconductor Co, Ltd., NKFG Corporation, Photon Wave Co., Ltd., Seoul Viosys Co., Ltd., Signify Holding, Stanley Electric Co, Ltd, Taoyuan Electron (HK) Limited, and Toyoda Gosei Co., Ltd.
The report profiles the top players operating across the globe along with market share analysis, and an outlook on top player positioning. In addition, the study focuses on developmental strategies such as product launch, mergers & acquisitions, and collaborations adopted by the key players to maintain a competitive edge in the market space.
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• Historic Data considered: 2016 to 2021
• Growth Projections: 2022 to 2030
• Major Segments Covering product type, provider, application, end user
• Market Dynamics and UV C LED market Trends
• Competitive Landscape Reporting
AMR offers its clients with comprehensive research and analysis based on a wide variety of factual inputs that majorly include interviews with professionals in the industry, regional intelligence, and reliable statistics obtained from multiple resources. The in-house industry experts play an important role in designing analytic tools and models, tailored to the requirements of the client for a particular industry segment. These analytical tools and models distill the statistics & data and enhance the accuracy of our recommendations and advice.
Key Market Segments
• Water/Air Disinfection
• North America
o Rest of Europe
o South Korea
o Rest of Asia-Pacific
o Latin America
o Middle East
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.