Overview and Scope
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.
Sizing and Forecast
The UV-C LED market size has grown exponentially in recent years. It will grow from $0.68 billion in 2023 to $0.93 billion in 2024 at a compound annual growth rate (CAGR) of 37%. The growth in the historic period can be attributed to increased awareness of the importance of disinfection, regulatory mandates promoted disinfection solutions, Increased concerns about healthcare-associated infections, demand for disinfection solutions, decreased costs.
The UV-C LED market size is expected to see exponential growth in the next few years. It will grow to $3.29 billion in 2028 at a compound annual growth rate (CAGR) of 37.2%. The growth in the forecast period can be attributed to growing concerns about infectious diseases, improvements in UV-C LED efficiency and affordability, growing demand for portable disinfection devices, rising demand for energy-efficient, rising demand for environmentally friendly disinfection technologies. Major trends in the forecast period include adoption in healthcare, expansion in consumer electronics, technological advancements, expansion into consumer electronics, emerging applications.
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Segmentation & Regional Insights
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
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.
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Major Driver Impacting Market Growth
The increasing air pollution and water contamination are expected to propel the growth of the UV-C LED market going forward. Air pollution and water contamination are environmental issues caused by harmful substances released into the atmosphere and water bodies, adversely affecting human health and ecosystems. Air pollution and water contamination are driven by industrial activities, agricultural runoff, vehicle emissions, and improper waste disposal, leading to significant environmental and health challenges. UV-C LED technology is used to mitigate increasing air pollution and water contamination by providing effective disinfection and sterilization, killing bacteria, viruses, and other harmful microorganisms in air and water. For instance, in March 2024, according to the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, in 2023, global energy-related carbon dioxide (CO2) emissions increased by 1.1%, equivalent to 410 million metric tons (Mt CO2) compared to 321 million metric tons in 2022 reaching a record high of over 37.4 metric tons in 2023, compared to 36.8 billion metric tons in 2022. Furthermore, in September 2023, according to the World Health Organization, a Switzerland-based intergovernmental organization, a minimum of 1.7 billion individuals worldwide will access a drinking water source tainted with fecal contamination. Therefore, increasing air pollution and water contamination will drive the growth of the UV-C LED market.
Key Industry Players
Major companies operating in the UV-C LED market are LG Electronics Inc., Panasonic Corporation, Heraeus Holding, Asahi Kasei Corporation, Signify Holding B.V., DOWA Holdings Co. Ltd., Toyoda Gosei Co. Ltd., Lite-On Technology Corporation, ams OSRAM AG, Stanley Electric Co. Ltd., Sanan Optoelectronics Co. Ltd, Excelitas Technologies Corp., Nikkiso Co. Ltd., Crystal IS Inc., Luminus Devices, HexaTech, American Ultraviolet, Photon Wave Co. Ltd., International Light Technologies Inc., Seoul Viosys Co. Ltd., Violumas, Nichia Corporation, LedRise, IRTronix Inc, Bolb Inc.
The uv-c led market report table of contents includes:
1. Executive Summary
2. UV-C LED Market Characteristics
3. UV-C LED Market Trends And Strategies
4. UV-C LED Market – Macro Economic Scenario
5. Global UV-C LED Market Size and Growth
…
32. Global UV-C LED Market Competitive Benchmarking
33. Global UV-C LED Market Competitive Dashboard
34. Key Mergers And Acquisitions In The UV-C LED Market
35. UV-C LED Market Future Outlook and Potential Analysis
36. Appendix
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