What Is The Definition Of The Global UV-C LED Market?
Ultraviolet light-emitting diodes (UV-C LED) is a type of light spectrum that emit ultraviolet light in the germicidal range, typically between 200 and 280 nanometers. They're used for disinfection purposes in water purification, air sanitization, and surface sterilization due to their ability to deactivate pathogens' DNA.
UV-C LED Global Market Report 2024 provides data on the global uv-c led market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The UV-C LED market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
How Are The Global UV-C LED Market Size And Growth Rates Projected To Evolve?
The UV-C LED market has experienced rapid growth, expanding from $0.68 billion in 2023 to $0.93 billion in 2024, with a compound annual growth rate (CAGR) of 37%. This growth is attributed to heightened awareness of disinfection importance, regulatory mandates promoting disinfection solutions, increased concerns about healthcare-associated infections, and decreased costs of UV-C LED technology. The market is expected to continue its exponential growth, reaching $3.29 billion by 2028, with a CAGR of 37.2%. This forecasted growth is driven by growing concerns about infectious diseases, improvements in UV-C LED efficiency and affordability, increased demand for portable disinfection devices, and the rising demand for energy-efficient and environmentally friendly disinfection technologies. Key trends expected during this period include adoption in healthcare, expansion into consumer electronics, technological advancements, and the emergence of new applications.
What Are The Essential Drivers Behind The Growth Of The UV-C LED Market?
The increasing air pollution and water contamination are expected to drive the growth of the UV-C LED market. Air pollution and water contamination result from harmful substances released into the environment, adversely affecting human health and ecosystems. These issues are driven by industrial activities, agricultural runoff, vehicle emissions, and improper waste disposal. UV-C LED technology is used to address these challenges by providing effective disinfection and sterilization, killing bacteria, viruses, and other harmful microorganisms in air and water. For instance, in March 2024, the International Energy Agency reported a 1.1% increase in global energy-related carbon dioxide emissions in 2023, reaching a record high of over 37.4 billion metric tons, compared to 36.8 billion metric tons in 2022. Additionally, in September 2023, the World Health Organization estimated that at least 1.7 billion people worldwide would have access to drinking water contaminated with fecal matter. Consequently, increasing air pollution and water contamination will drive the UV-C LED market's growth.
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How Is The Global UV-C LED Market Divided Into Key Segments?
The UV-C LED market covered in this report is segmented –
1) By Mounting Type: Surface Mount, Chip-on-Board, Through Hole, Other Mounting Type
2) By Wavelength: 200-230nm, 230-260nm, 260-280nm
3) By Application: Water Disinfection, Surface Disinfection, Air Disinfection
4) By End User: Industrial, Residential, Commercial
What Trends Are Reshaping The Future Of The UV-C LED Market?
Major players in the UV-C LED market are advancing energy efficiency with high-radiant-flux UV-C LEDs to improve sterilization and expand applications. High-radiant-flux UV-C LEDs offer increased output power for effective disinfection. For example, in January 2023, Japan's Nichia Corporation launched the NCSU434C, a high-radiant-flux UV-C LED for industrial water and air applications. This product features a radiant flux of 110 mW at 350 mA and a wall-plug efficiency of 5.4%, setting new standards for reliability and performance without exaggerated marketing claims.
What Is The Fastest Growing Region In The UV-C LED Market?
Asia-Pacific was the largest region in the UV-C LED market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the UV-C LED market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
