Global UV LED Market: Key Highlights
Global UV LED Market: Key Market Dynamics
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Global UV LED Market: Regional Overview
The region is witness to be one of the leading regions in the adoption of advance technologies. Whereas, the region is one of the major player in terms of revenues and size to the global UV LED market. As well as the North America has increase the focusing for the growth on research and development activities which may also increase the market growth. Hence, US and Canada is projected to play a major role for the growth of the market in the region. These trend will lead to enhance the growth of the UV LED Market in the projected period.
The Asia-Pacific is witness to increase significant market growth during the forecast period. Whereas, the companies in China are also investing heavily in the intelligence manufacturing. In 2019, the Hubei province has announced that ShenzhenUV-ChemTech LTD and Yihua to invest be more than USD 1 billion for the construct the world largest UV curing material project. Also, the South Korea has increase the demand for organic food as well as the freshwater is expected to boost the growth of the UV LEDs for horticultural applications and water purification.
Hence, Japan and China is also projected major investments in line with the expanding applications of UV LEDs which includes disinfection and sterilization. These may lead to increase the demand of the market growth in the forecast period.
Global UV LED Market: Key Players Overview
Nichia Corporation is a Japanese chemical engineering and a manufacturing company. In 2020, the company is focusing on to extend its dominance in UV market. Moreover, Nichia expects its UV portfolio to play a major role for the completely replacing conventional mercury lamps and their associated environmental issues. Whereas, in 2019, the company has introduced a new Deep UV LED. Also, the company has been significant success more than a year with UVA LEDs, mostly for convention resin curing applications.
The company is an U.S. based manufacturer of proprietary as well as the high-performance deep UV (UVC) LEDs. The company, Klaran line of UVC LEDs is used for disinfection in many of the applications such as consumer, healthcare, and commercial water purification. In 2018, the company releases UV-C LED sterilization research, supplies commercial water faucet which helps to verify that UV-C LED water system has deliver more than 99% reduction of pathogen Legionella pneumophila. Also, the China has based Yuhuan Dafeng has introduce a residential water faucet which will integrates the tested SSL technology.
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