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Global UV LED Market to Grow at a CAGR of 21.7% During 2022-2027, Aided by the Rising Adoption of Smart Home Appliances

UV LED Market

Global UV LED Market Size, Forecast: By Type: UV-A, UV-B, UV-C; By Application: Curing, Disinfection/Purification, Indoor Gardening, Counterfeit Detection, Others; By End Use Industry; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments

Global UV LED Market Outlook

The global UV LED market stood at a value of around USD 0.64 billion in 2022. The market is further expected to grow at a CAGR of 21.7% in the forecast period of 2023-2028 to attain a value of USD 2.09 billion by 2028.

 

Global UV LED Market

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UV-C LED Segment to Aid the Market Growth of the Global UV LED Industry

Based on type, the UV-C LED segment is expected to hold a significant share in the global market for UV LED during the forecast period. This growth can be attributed to the favourable properties of UV-C LEDs, such as their high-intensity light output, long operational life, and cost-effectiveness. As a result, UV-C LEDs are increasingly being utilised in compact and point-of-use appliances such as purifiers, which is expected to enhance the growth of the global UV LED industry. Furthermore, in terms of application, UV LEDs are being exceedingly utilised in the process of disinfection and purification of water. The German photonics company OSRAM, a leading UV LED manufacturer, has introduced its first UVC LED, which claims to eliminate up to 99.9% of viruses and bacteria in the water.

 

The Asia Pacific to Occupy a Significant Share in the Global UV LED Industry

The Asia Pacific region is predicted to account for a significant share of the global UV LED industry. This surge can be attributed to the increasing investments by the leading manufacturers to develop and expand UV LED technology in the region. In addition, the heightened demand for water sterilisation and purification to meet the growing demand for water, coupled with the rapidly increasing population in the region, is aiding the market growth. According to the Global Water Security and the Sanitation Partnership Annual report, issued by the World Bank, more than 2.2 billion people lack access to safe drinking water globally, while the overall water demand is expected to increase by 20-30% by 2050. These factors are estimated to positively impact the market growth in the forecast period.

 

UV LED: Market Segmentation

UV LEDs or ultraviolet light-emitting diodes are devices that help to convert electrical energy into ultraviolet light. It is a semiconductor device that produces light when an electric current is passed through it. The UV LEDs operate below the temperature of 100 Fahrenheit. They are utilised in various industry verticals such as water treatment, optical data storage, polymer curing, and biological agent detection. UV LEDs offer long operating life and are eco-friendly compared to conventional mercury UV lamps.

 

Global UV LED Market by Segment

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By type, the market is divided into:

  • UV-A
  • UV-B
  • UV-C

On the basis of application, the industry can be categorised into:

  • Curing
  • Disinfection/Purification
  • Indoor Gardening 
  • Counterfeit Detection
  • Others

Based on end use industry, the market can be segmented into:

  • Healthcare and Medical
  • Agriculture
  • Residential
  • Industrial 
  • Commercial

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global UV LED Market by Region

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Escalating Eco-Consciousness and the Growing Demand for Safe Drinking Water to Catalyse the Growth of the Global UV LED Industry

UV LEDs are being adopted in various industry verticals due to the growing environmental concerns globally. Conventional UV lamps, such as mercury and amalgam, are associated with short life and high-power consumption and are also known to contain chemical components, such as ozone, that are harmful to the human body. In this regard, UV LEDs offer an eco-friendly alternative as they do not contain any harmful chemical components and require low energy. Furthermore, increasing demand for safe drinking water is being observed in various regions of the world due to the steadily increasing population, which is expected to reach 9.7 billion by 2050, according to the UN statistics. Therefore, UV LEDs are being increasingly used in the water purification and disinfection process due to the absence of any harmful chemicals. In the water, UV-C photons enter the cells of bacteria and damage the nucleic acid, which renders it microbiologically inactive. A similar method is applied in air purification solutions as well.

 

Key Industry Players in the Global UV LED Market

The report gives a detailed analysis of the following key players in the global UV LED market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Nordson Corporation
  • Lumileds Holding B.V.
  • Nichia Corporation
  • OSRAM GmbH
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Application, End Use Industry, Region
Breakup by Type UV-A, UV-B, UV-C
Breakup by Application Curing, Disinfection/Purification, Indoor Gardening, Counterfeit Detection, Others
Breakup by End Use Industry Healthcare and Medical, Agriculture, Residential, Industrial, Commercial
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Nordson Corporation, Lumileds Holding B.V., Nichia Corporation, OSRAM GmbH, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global UV LED Market Analysis
    8.1    Key Industry Highlights
    8.2    Global UV LED Historical Market (2018-2022) 
    8.3    Global UV LED Market Forecast (2023-2028)
    8.4    Global UV LED Market by Type
        8.4.1    UV-A
            8.4.1.1    Historical Trend (2018-2022)
            8.4.1.2    Forecast Trend (2023-2028)
        8.4.2    UV-B
            8.4.2.1    Historical Trend (2018-2022)
            8.4.2.2    Forecast Trend (2023-2028)
        8.4.3    UV-C
            8.4.3.1    Historical Trend (2018-2022)
            8.4.3.2    Forecast Trend (2023-2028)
    8.5    Global UV LED Market by Application
        8.5.1    Curing
            8.5.1.1    Historical Trend (2018-2022)
            8.5.1.2    Forecast Trend (2023-2028)
        8.5.2    Disinfection/Purification
            8.5.2.1    Historical Trend (2018-2022)
            8.5.2.2    Forecast Trend (2023-2028)
        8.5.3    Indoor Gardening
            8.5.3.1    Historical Trend (2018-2022)
            8.5.3.2    Forecast Trend (2023-2028)
        8.5.4    Counterfeit Detection
            8.5.4.1    Historical Trend (2018-2022)
            8.5.4.2    Forecast Trend (2023-2028)
        8.5.5    Others
    8.6    Global UV LED Market by End Use Industry
        8.6.1    Healthcare and Medical
            8.6.1.1    Historical Trend (2018-2022)
            8.6.1.2    Forecast Trend (2023-2028)
        8.6.2    Agriculture
            8.6.2.1    Historical Trend (2018-2022)
            8.6.2.2    Forecast Trend (2023-2028)
        8.6.3    Residential
            8.6.3.1    Historical Trend (2018-2022)
            8.6.3.2    Forecast Trend (2023-2028)
        8.6.4    Industrial
            8.6.4.1    Historical Trend (2018-2022)
            8.6.4.2    Forecast Trend (2023-2028)
        8.6.5    Commercial 
            8.6.5.1    Historical Trend (2018-2022)
            8.6.5.2    Forecast Trend (2023-2028)    
    8.7    Global UV LED Market by Region
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2022) 
            8.7.1.2    Forecast Trend (2023-2028)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2022) 
            8.7.2.2    Forecast Trend (2023-2028)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2022)
            8.7.3.2    Forecast Trend (2023-2028)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2022) 
            8.7.4.2    Forecast Trend (2023-2028)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2022) 
            8.7.5.2    Forecast Trend (2023-2028)
9    North America UV LED Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2022) 
        9.1.2    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Historical Trend (2018-2022) 
        9.2.2    Forecast Trend (2023-2028)
10    Europe UV LED Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2022) 
        10.1.2    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Historical Trend (2018-2022) 
        10.2.2    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Historical Trend (2018-2022) 
        10.3.2    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Historical Trend (2018-2022) 
        10.4.2    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific UV LED Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2022) 
        11.1.2    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Historical Trend (2018-2022) 
        11.2.2    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Historical Trend (2018-2022) 
        11.3.2    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2022) 
        11.4.2    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Historical Trend (2018-2022) 
        11.5.2    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America UV LED Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2022) 
        12.1.2    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2022) 
        12.2.2    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2022) 
        12.3.2    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa UV LED Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2022) 
        13.1.2    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2022) 
        13.2.2    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2022) 
        13.3.2    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2022) 
        13.4.2    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Nordson Corporation
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Lumileds Holding B.V.
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Nichia Corporation
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    OSRAM GmbH
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Others
16    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global UV LED Market: Key Industry Highlights, 2018 and 2028
2.    Global UV LED Historical Market: Breakup by Type (USD Billion), 2018-2022
3.    Global UV LED Market Forecast: Breakup by Type (USD Billion), 2023-2028
4.    Global UV LED Historical Market: Breakup by Application (USD Billion), 2018-2022
5.    Global UV LED Market Forecast: Breakup by Application (USD Billion), 2023-2028
6.    Global UV LED Historical Market: Breakup by End Use Industry (USD Billion), 2018-2022
7.    Global UV LED Market Forecast: Breakup by End Use Industry (USD Billion), 2023-2028 
8.    Global UV LED Historical Market: Breakup by Region (USD Billion), 2018-2022
9.    Global UV LED Market Forecast: Breakup by Region (USD Billion), 2023-2028
10.    North America UV LED Historical Market: Breakup by Country (USD Billion), 2018-2022
11.    North America UV LED Market Forecast: Breakup by Country (USD Billion), 2023-2028
12.    Europe UV LED Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    Europe UV LED Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Asia Pacific UV LED Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Asia Pacific UV LED Market Forecast: Breakup by Country (USD Billion), 2023-2028 
16.    Latin America UV LED Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Latin America UV LED Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Middle East and Africa UV LED Historical Market: Breakup by Country (USD Billion), 2018-2022
19.    Middle East and Africa UV LED Market Forecast: Breakup by Country (USD Billion), 2023-2028
20.    Global UV LED Market Structure

Key Questions Answered in the Report

What was the global UV LED market size in 2022?

In 2022, the global UV LED market attained a value of nearly USD 0.64 billion.

What is the growth rate of the market?

The market is projected to grow at a CAGR of 21.7%  between 2023 and 2028.

What are the major industry drivers?

The major drivers of the industry such as increased demand for UV-C LEDs,  rapidly increasing population, multifaceted application capabilities such as purification, polymer curing,  growing demand for disinfection solutions, and the rapid technological advancements are expected to aid the market growth.

What are the key industry trends of the UV LED market?

The key market trends guiding the industry's growth include the escalating environmental concerns and the increased demand for sanitation and purification of water.

What are the major regional markets of the UV LED market, according to the EMR report?

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the product types available in the market?

The significant product types include UV-A, UV-B, and UV-C.

What are the applications of the product?

The significant applications of the product include curing, disinfection/purification, indoor gardening, and counterfeit detection, among others.

What are the segments of the product, based on end-use?

The major segments based on end-use include healthcare and medical, agriculture, residential, industrial, and commercial.

Who are the key industry players, according to the report?

The major players in the industry are Nordson Corporation, Lumileds Holding B.V., Nichia Corporation, and OSRAM GmbH, among others.

Analyst Review

The global UV LED market attained a value of USD 0.64 billion in 2022, driven by the increased demand for UV LEDs in the water sanitation process. Aided by the growing eco-consciousness and rapidly increasing population, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 21.7%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By type, the market can be distributed into UV-A, UV-B, and UV-C. On the basis of applications, the industry can be segmented into curing, disinfection/purification, indoor gardening, and counterfeit detection, among others. Based on end-use, the industry can be categorised into healthcare and medical, agriculture, residential, industrial, and commercial. The major regional markets for UV LED market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Nordson Corporation, Lumileds Holding B.V., Nichia Corporation, and OSRAM GmbH, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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