Global UV LED Market Size is Expected to Reach $1.71 billion by 2027, Growing at a CAGR of 21.7%

UV LED Market

UV LED Market

Increase in government initiatives toward energy efficiency and surge in usage of UV curing systems drive the growth of the global UV LED market.

PORTLAND, OREGON, UNITED STATES, September 13, 2020 /EINPresswire.com/ — Allied Market Research published an exclusive report, titled, “UV LED Market by Type (UV-A, UV-B, and UV-C), Material (Silicon Carbide, Gallium Nitride, Sapphire, and Other), and Application (Curing, Purification, Indoor Gardening, Counterfeit detection, and others), and Industry Vertical (Healthcare & Medical, Agriculture, Industrial, Residential, and Commercial): Global Opportunity Analysis and Industry Forecast, 2020–2027”.

According to the report, the global UV LED market size is expected to reach $1.71 billion by 2027 from $0.35 billion in 2019, growing at a CAGR of 21.7% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios.

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The UV LED Market report offers an in-depth analysis of every crucial factor that affects market growth including recent market developments, key market players, and decisive trends. The study begins with a detailed analysis of major determinants of the market such as drivers, challenges, restraints, and upcoming opportunities.

The market is studied based on a variety of factors that impact the performance of the market across various regions such as North America, Europe, Asia-Pacific, and LAMEA.

The UV LED Market report includes a thorough study of the top 10 market players active in the industry along with their business overview, financial analysis, business strategies, SWOT profile, and key products and services.

Major Players are- Nordson Corporation, LG Innotek Co. Ltd., Lumileds Holding B.V, Nichia Corporation, OSRAM, Koninklijke Philips N.V., Semileds Corporation, Crystal IS, Sensor Electronic Technology, and Phoseon Technology

Moreover, it includes recent industry developments including prime market mergers & acquisitions, new product launches, partnerships and collaborations, and market expansion.

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The UV LED Market report includes growth factors of the market along with major challenges and restraining factors that might hinder the market growth.

This analysis aids new market entrants and existing manufacturers to prepare for future challenges and take advantage of opportunities to strengthen their market position.

The report offers detailed information regarding major end-users and annual forecasts from 2020 to 2027. In addition, it presents revenue forecasts for each year along with sales and sales growth of the UV LED Market. The forecasts are offered by an in-depth study of the market by skilled analysts concerning application, product type, and geography of the market. These forecasts are beneficial to gain insight on the future prospects of the market.

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Prime benefits:

• The report includes Porter’s Five Forces analysis to understand the ability of buyers and suppliers to allow business investors to make strategic decisions.
• The study offers a detailed analysis of the ongoing market trends, market size, and forecast of the UV LED Market market during the period 2020-2027.
• The report includes the potential of the market across various regions along with revenue contribution.
• The study provides an in-depth analysis of the major market players in the UV LED Market market.

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Major offering of the report:

• Major impacting factors: An in-depth analysis of driving factors, upcoming opportunities, and challenges.
• Ongoing trends & forecasts: A thorough study in recent market trends, happenings, and forecasts for the next few years to take a strategic, informed decision.
• Segmental analysis: A detailed analysis of each segment and driving factors coupled with growth rate analysis.
• Regional analysis: Insights on the market potential across each region to enable market players to leverage market opportunities.
• Competitive landscape: An in-depth analysis of every key market player active in the UV LED Market market.

Key Market Segments

By Type

UV-A
UV-B
UV-C

By Application

Curing
Disinfection/Purification
Indoor Gardening
Counterfeit Detection
Others

By Industry Vertical

Healthcare and Medical
Agriculture
Industrial
Residential
Commercial

By Region

North America
U.S.
Canada
Mexico

Europe

Germany
France
UK
Italy
Rest of Europe

Asia-Pacific

Japan
China
India
South Korea
Rest of Asia-Pacific

LAMEA

Latin America
Middle East
Africa

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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.

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Source: EIN Presswire