The UV-C LED market was valued at $0.38 billion in 2022 and is projected to reach $8.10 million by 2032, registering a CAGR of 36.6% from 2023 to 2032.
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 such as air conditioners, air purifiers or even washing machines. UV-C LEDs are often adopted for portable products. They can fully operate once turned on and do not need preheating while it takes about 10 to 30 minutes for mercury lamps to deliver the required UV dose for disinfection.
The rapid usage of UV-C LEDs for water filtration and their exceptional efficacy in disinfection are the main factors propelling the global UV-C LED market. Thermal management of UV-C LEDs, however, is a significant technological challenge that restricts industry expansion. However, during the projection period, UV-C LED integration with household appliances and consumer goods is anticipated to generate lucrative potential for market expansion. Other significant market growth drivers are improvements in output power and dependability as well as the recent unit cost price reduction for UV-C LEDs.
The UV-C LED market is segmented into application and region. On the basis of application, the market is classified into water/air disinfection, sterilization, healthcare, industrial, sensing, and others. In 2022, the water/air disinfection segment dominated the market, and the healthcare segment is expected to grow with the highest CAGR over the forecast period.
On the basis of region, the UV-C LED Market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Competitive analysis and profiles of the major global UV-C LED market players that have been provided in the report include ams 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 key strategies adopted by the major players of the UV-C LED market are product launch, acquisition, and business expansion.
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 such as air conditioners, air purifiers or even washing machines. UV-C LEDs are often adopted for portable products. They can fully operate once turned on and do not need preheating while it takes about 10 to 30 minutes for mercury lamps to deliver the required UV dose for disinfection.
The rapid usage of UV-C LEDs for water filtration and their exceptional efficacy in disinfection are the main factors propelling the global UV-C LED market. Thermal management of UV-C LEDs, however, is a significant technological challenge that restricts industry expansion. However, during the projection period, UV-C LED integration with household appliances and consumer goods is anticipated to generate lucrative potential for market expansion. Other significant market growth drivers are improvements in output power and dependability as well as the recent unit cost price reduction for UV-C LEDs.
The UV-C LED market is segmented into application and region. On the basis of application, the market is classified into water/air disinfection, sterilization, healthcare, industrial, sensing, and others. In 2022, the water/air disinfection segment dominated the market, and the healthcare segment is expected to grow with the highest CAGR over the forecast period.
On the basis of region, the UV-C LED Market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Competitive analysis and profiles of the major global UV-C LED market players that have been provided in the report include ams 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 key strategies adopted by the major players of the UV-C LED market are product launch, acquisition, and business expansion.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the uv-c led market analysis from 2022 to 2032 to identify the prevailing uv-c led market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the uv-c led market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global uv-c led market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By Application
- Water/air disinfection
- Sterilization
- Healthcare
- Industrial
- Sensing
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
- Key Market Players
- Convergever Inc., Ltd.
- Signify Holding
- Asahi Kasei Corporation
- NKFG Corporation
- ams OSRAM AG
- Taoyuan Electron (HK) Limited
- Photon Wave Co., Ltd.
- Toyoda Gosei Co., Ltd.
- Seoul Viosys Co., Ltd.
- IRTronix, Inc
- Hongqi Technology Co., Ltd.
- Heraeus Holding
- Stanley Electric Co., Ltd.
- INTERNATIONAL LIGHT TECHNOLOGIES INC.
- Nichia Corporation
- DOWA Holdings Co., Ltd.
- High Power Lighting Corp.
- IBT group. (Ivy Bridge Technology)
- Nikkiso Co., Ltd.
- Nitride Semiconductors Co., Ltd.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: UV-C LED MARKET, BY APPLICATION
CHAPTER 5: UV-C LED MARKET, BY REGION
CHAPTER 6: COMPETITIVE LANDSCAPE
CHAPTER 7: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, the uv-c led market was valued at $381.22 million in 2022, and is estimated to reach $8.1 billion by 2032, growing at a CAGR of 36.6% from 2023 to 2032.UV-C LED is a light emitting diode that emits ultraviolet light in the wavelength range of 100-280 nm. UVC LEDs offer several numbers of benefits as compared to traditional disinfection and sterilization methods. It contains no hazardous material, can be turned on/off momentarily and without cycling limit, have lower heat utilization, directed heat extraction, and are tougher. These radiations can kill various viruses, bacteria, molds, and other pathogens by DNA damaging. Also, UV-C LEDs are compelling against microorganisms that are impervious to chlorine when chlorine disinfection does not work. Moreover, the use of UV-C LED does not create microorganisms that are resistant to ultraviolet disinfection.
Key factors driving the growth of the UV-C LED market include the rise in adoption of UV-C LED as a disinfectant and the surge in adoption as a water purification. Increasing concerns about chemical disinfection have paved the way for UV-C LED systems for water purification. UV-C LED operates in the C range of the UV spectrum, with a wavelength from 100 to 280 nanometers. In this range, UV light has germicidal properties, making it ideal for water disinfection. Another key benefit is that UV-C LEDs can be made in extremely small sizes, enabling the manufacture of portable disinfection systems to fit inside a residential water pipe or faucet, which would render these fixtures virtually self-disinfecting. However, the costs of UV-C LEDs are declining with the advancement of technology, thereby making it more feasible to be adopted for water purification.
The UV-C LED market offers promising growth prospects for its key players. The integration of UV-C LED in home appliances and consumer products is further expected to offer lucrative opportunities to the global UV-C LED market players. The COVID-19 outbreak has raised public awareness of disinfection, which boosted the demand for associated items, and increased the use of related products. As UV-C LED has germicidal function, it has gained momentum among various brands of home appliances. For instance, in May 2020, LG Electronics launched a new refrigerator with ice and water purifier using UVC LED technology. Similarly, in January 2022, Samsung launched their new Samsung Bespoke Family Hub fridge with integrated UV-C LED light for air disinfection application inside the fridge. A UV-C LED is equipped at the outlet of the water purifier of the refrigerator and can diminish 99.99% E. coli and Staphylococcus aureus, based on the Korea Construction & Living Environment Research Institute (KCL) test.
The UV-C LED market is analyzed by application and region. On the basis of application water/air disinfection, sterilization, healthcare, industrial, sensing, and others. the water/air disinfection segment accounted for the largest share in the global UV-C LED market in 2022. Disinfection is an important step in ensuring that water is safe to drink, and limiting the effects of organic materials, suspended solids, and other contaminants. It destroys microorganisms that can cause disease in humans. Hence, with the growing population, there is an ever-growing need for disinfecting water for domestic use. However, air disinfection devices are generally used in hospitals to kill pathogens/microorganisms in the air by exposure to UV radiation or remove them through filtration. With the emergence of COVID-19, there is an upsurge in demand for air disinfectant devices using UV-C LEDs.
Region-wise, the UV-C LED market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Competitive analysis and profiles of the major global UV-C LED market players that have been provided in the report includes ams 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 key strategies adopted by the major players of the UV-C LED market are product launch, acquisition, and expansion. For instance, in March 2023, Crystal IS partnered with Asahi Kasei and introduced a new record for single-chip device output and immediate engineering sample availability of their upcoming 160 mW UVC LED.
Key Market Insights
The global UV-C LED market was valued at $0.38 billion in 2022.The water/air disinfection segment was the highest revenue contributor to the market, with $0.12 billion in 2022.
Asia-Pacific was the highest revenue contributor, accounting for $0.17 billion in 2022, and is estimated to reach $4.16 billion by 2032, with a CAGR of 38.4%.
Companies Mentioned
- Convergever Inc., Ltd.
- Signify Holding
- Asahi Kasei Corporation
- NKFG Corporation
- ams OSRAM AG
- Taoyuan Electron (HK) Limited
- Photon Wave Co., Ltd.
- Toyoda Gosei Co., Ltd.
- Seoul Viosys Co., Ltd.
- IRTronix, Inc
- Hongqi Technology Co., Ltd.
- Heraeus Holding
- Stanley Electric Co., Ltd.
- INTERNATIONAL LIGHT TECHNOLOGIES INC.
- Nichia Corporation
- DOWA Holdings Co., Ltd.
- High Power Lighting Corp.
- IBT group. (Ivy Bridge Technology)
- Nikkiso Co., Ltd.
- Nitride Semiconductors Co., Ltd.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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