UV LED Market is Projected to Reach a Value of Over USD 2.1 Billion by 2027

1. UV LED Market is Projected to Reach a Value of Over USD 2.1 Billion by 2027 The Global UV LED Market is projected to reach a value of over USD 2.1 billion by 2027 at a CAGR of around 20.7%. UV Light Emitting Diodes (LEDs) refers to a solid state device, which helps to produce light when the electrical current permits to flow from the positive node to the negative node. Whereas, it can convert electrical energy into an ultraviolet light. However, operating temperature of these light is below 100 degrees. It used in the electronic devices for the purpose of exposing PCB to air. As well as these are extensive used for the purification, indoor gardening, sterilization, and medical phototherapy. Hence, in ongoing Covid-19 pandemic, the UV LED is witness to play a significant in demand to disinfect the surface of hospital area mostly the place where patients are being admitted. These may lead to increase the market growth in the forecast period. Get Sample Copy of This Report @ https://www.forencisresearch.com/uv-led-market- sample-pdf/ UV LED Market: Drivers & Restraints Market Driver: Increasing Adoption of LED products With the increasing adoption of LED products is witness to boost the growth of the market in the projected period. Whereas, the Minamata Convention on Mercury is an international treaty which is designed for the protection of human health as well as surrounding form the anthropogenic emission and releases mercury compounds. However, the UV LED is a semiconductor device which also limits the use of mercury as well as the energy efficient. One of the initiatives has been taken by the Osram (Opto Semiconductors) of UNIQUE project for the growth of UV LEDs for disinfection and also for the ecofriendly purification of water using LED based UVC. Hence, the industries and the government are also supporting the growth for adoption of the market across various sectors. These will lead the growth of UV LED market in the forecast period. Market Restraints:

2. Heavy Installation Cost One of the major key concern of the UV LED market is the heavy installation cost which may hinder the growth of the market. Whereas, the UV LED technology limit for providing the desirable results as well as must expensive than other products may create a negative impact for the growth of the market. Also, the factors such as high cost of installation and the investment needs for the production is expected to hamper the growth of UV LED market in the forecast period. Hence, it is projected with the ongoing research and development may lead to boost the market performance to enhance the desirable outputs. UV LED Market: Key Segments Segmentation based on Technology: UV-A, UV-B and UV-C. Segmentation based on Application: Medical, Lithography, Electronic Device, Water Treatment, Equipment Sterilization, Security and Others. Segmentation based on End-User: Healthcare, Residential, Agriculture and Commercial. Segmentation based on region covers: North America, Europe, Asia-Pacific, Middle East & Africa and South America with individual country-level analysis. UV LED Market: Report Scope The report on the UV LED market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation. Request Report Methodology On Competition On Global UV LED Market Here @ https://www.forencisresearch.com/uv-led-market-request-methodology/ List of the leading companies operating in the UV LED Market include: LG Electronics (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis) Koninklijke Philips NV NICHIA CORPORATION Crystal IS Phoseon Technology

3. SemiLEDs Corporation Seoul Viosys Co Ltd. Sensor Electronic Technology, Inc. Halma plc Heraeus Holding Other Key Companies oNordson Corporation oLumileds Holding B.V. UV LED Market: Report Segmentation For the scope of the report, In-depth segmentation is offered by Forencis Research UV LED Market, by Technology UV-A UV-B UV-C UV LED Market, by Application Medical Lithography Electronic Device Water Treatment Equipment Sterilization Security Others UV LED Market, by End-User Healthcare Residential Agriculture Commercial

4. To Understand How COVID-19 Impact is Covered in This Report. Consult with an Analyst @ https://www.forencisresearch.com/uv-led-market-consult-with-an-analyst/ UV LED Market by Region Asia-Pacific (China, Japan, South Korea, India, Taiwan, Rest of Asia-Pacific) North America (US, Canada, Mexico) Europe (Germany, Russia, France, Italy, UK, Spain, The Netherlands, Rest of Europe) Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East & Africa) South America (Brazil, Argentina, Rest of South America) Key Questions Answered By The Report What are the prominent developments affecting the market worldwide and its growth? What will be the impact of the developments in the market on the industry and on the market players in the future? What are the evolving variations of the market globally? What are the evolving functions of the market globally? What are the prominent aspects that will affect market growth globally during the study period? Who are the key players operating in the market across the globe? How are the key players leveraging in the present market scenario worldwide? Table of Content 1.INTRODUCTION 1.Research Objectives 2.Market Definition 3.Research Scope 4.Regional Coverage 5.Research Timeline 6.Assumptions 7.Limitations 2.RESEARCH DESIGN & SCOPE 1.Introduction

5. 2.Primary Research 1.Key Industry Expert Insight 3.Secondary Research 1.Vital Data from Secondary Sources 4.Market Size Estimation 5.Data Validation & Triangulation 3.EXECUTIVE SUMMARY 4.MARKET DYNAMICS 1.Introduction 2.Drivers 1.Increasing Adoption of LED products 2.Growing Technologies Advancement in Electronics Industry 3.Restraint 1.Lack of Standardization 4.Opportunities 1.Increasing Government Initiatives For Energy Efficiency 2.Rising Adoption of UV LEDs in Healthcare Sector 5.Challenges 1.High Installation Cost 5.INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS 1.Introduction 1.Power of Buyers 2.Power of Suppliers 3.Intensity of Competition 4.Challenges of Substitutes 5.Challenges of New Entrants 2.Macro-Economic Indicators 6.GLOBAL UV LED MARKET BY TECHNOLOGY, Market Size in USD Million (2019-2027) 1.Introduction 2.UV-A 3.UV-B

6. 4.UV-C 7.GLOBAL UV LED MARKET BY APPLICATION, Market Size in USD Million (2019-2027) 1.Introduction 2.Medical 3.Lithography 4.Electronic Device 5.Water Treatment 6.Equipment Sterilization 7.Security 8.Others 8.GLOBAL UV LED MARKET BY END-USER, Market Size in USD Million (2019-2027) 1.Introduction 2.Healthcare 3.Residential 4.Agriculture 5.Commercial 9.GLOBAL UV LED MARKET BY REGION, Market Size in USD Million (2019-2027) 1.North America 1.US 2.Canada 3.Mexico 2.Europe 1.Germany 2.France 3.Italy 4.UK 5.Russia 6.Rest of Europe 3.Asia-Pacific 1.China 2.India

7. 3.Japan 4.Taiwan 5.South Korea 6.Rest of Asia-Pacific 4.Middle East and Africa 1.Saudi Arabia 2.UAE 3.Rest of Middle East and Africa 5.South America 1.Brazil 2.Argentina 3.Rest of South America 10.COMPETITIVE LANDSCAPE 1.Introduction 2.Market Ranking/Share Analysis of Key Companies 3.Company Benchmarking 11.COMPANY PROFILES 1.LG Electronics 1.Company Overview 2.Financial Overview 3.Products/Solutions/Services Offered 4.Key Developments 5.SWOT Analysis 2.Koninklijke Philips NV 3.NICHIA CORPORATION 4.Crystal IS, Inc. 5.Phoseon Technology 6.SemiLEDs Corporation 7.Seoul Viosys Co Ltd. 8.Sensor Electronic Technology, Inc.

8. 9.Halma plc 10.Heraeus Holding 11.Other Key Companies 1.Nordson Corporation 2.Lumileds Holding B.V. 12.APPENDIX 1.Key Industry Expert Insights 2.Primary Discussion Guide 3.Customization Options Purchase this Premium Industry Research Report with Analysis @ https://www.forencisresearch.com/uv-led-market-purchase-now/ About Forencis Research Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”. Contact Us FORENCIS RESEARCH Phone: +1 (720) 306 9020 Email:info@forencisresearch.com

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