North America & Asia Pacific UV-C LED Market, Recent Trends, Forthcoming Developments, and Forecast 2022-2030

 Astute Analytica reports that global North America & Asia Pacific UV-C LED market size will grow from USD 202.4 Million in 2021 to 14,077.0 Million by the year 2030. The global market will record a tremendous compound annual growth rate (CAGR) of 60.2% during the study period, i.e., 2022-2030.

The report’s segmentation section focuses on each category while also identifying those with the greatest influence on the worldwide market. The segmentation provided the framework for locating businesses and assessing their financial health, product portfolios, and potential for future growth. In order to forecast the level of competition, the second step involved analyzing the core competencies and market shares of leading companies. To determine the size of the market as a whole, a bottom-up approach was adopted.

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Despite the driving factors, high investment and installation cost of UVC LEDs are anticipated to hinder the market growth. During the COVID-19 pandemic, the market was positively impacted due to increasing demand for UV-C LED devices for disinfection and sterilization.

Growth Influencers:

Better performance compared to other sources

UV-C LEDs are being preferred more owing to their better performance as compared to other sources. This is owing to its various benefits. UV-C LED is environment friendly and has flexible design. It is also very durable as compared to the mercury lamps. They instantly provide full optical output when turned on and stop immediately when switched off. They are used for disinfection and purification without the chemical usage. Therefore, better performance compared to other sources are expected to boost the market growth.

Segments Overview:

North America & Asia Pacific UV-C LED market is segmented into application, channel mode, UVC light source, and end user.

By Application

• Germicidal Purification
• Air Treatment
• Water Treatment
• Surface Sterilization
• Hospital Sanitization
• Biological Agent Detection
• Optical Data Storage
• Communication
• Polymer Curing

The air treatment segment’s volume is expected to be approximately 61% of the water treatment segment’s volume in 2021 and this is estimated to reach about 64% by 2030. This is owing to high demand of UVC LED for air treatment purposes. The water treatment segment is expected to hold the largest market share of around 31% owing to the rising demand of UVC LED for water treatment purposes. The hospital sanitization segment is anticipated to witness the fastest growth rate of 62.2% over the projected period owing to the increasing adoption of UVC LED for hospital sanitization.

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By Channel Mode

• NLOS Model (Non Line of Sight)
• LOS Model (Line of Sight)

The NLOS model segment is expected to account for the largest market share owing to the rapid progress of technology. LOS model is also estimated to grow at significant rate during the projected period.

By UVC Light Source

• DUV LED
• DUV Laser
• DUV Gas Discharge Lamp

The DUV LED segment is estimated to hold the major share of the market and it also contributes to more than the combined market sized of the DUV laser and DUV gas discharge lamp segments. The DUV gas discharge lamp’s volume is expected to grow at a CAGR of 56.1% owing to the increasing technological advancements.

By End User

• Healthcare
• Research
• Industrial
• Residential
• Others

The research segment is expected to consume over 280.15 million units of UVC LEDs by 2030 owing to the rising number of research activities for expansion of application areas of UVC LEDs.

Regional Overview

By region, the market is divided into Asia Pacific and North America. North America is anticipated to account for the largest market share owing to the rising number of major UVC LED suppliers in the U.S. and Canada.

The Asia Pacific region is expected to witness a growth rate of 67.9% owing to the increase in the demand for UVC LEDs for scientific research in the emerging economies such as India, China, and South Korea, among others.

Competitive Landscape

Major players in North America & Asia Pacific UV-C LED market include Crystal IS, MEAN WELL, Honle UV America Inc, Koninklijke Philips N.V., Heraeus Holding, LG Electronics, Hönle Group, Seoul Viosys, Halma Plc., Nichia Corporation, Sensor Electronics Technology Inc., HexaTech, Inc, and Other Prominent Players. The cumulative market share of the eight major players is near about 72%.

These market players are involved in collaborations, mergers & acquisitions, and new product launches, among other initiatives, to strengthen their market presence. For instance, in July 2021, HexaTech launched the production release of its expanded 2-inch diameter, deep-UV transparent and single crystal aluminium nitride substrate product line. These products have absorption coefficient below 12cm-1 at 265nm, which helps in eliminating the substrate transparency concerns for UVC LEDs.

The North America & Asia Pacific UV-C LED market report provides insights on the below pointers:

• Market Penetration: Provides comprehensive information on the market offered by the prominent players
• Market Development: The report offers detailed information about lucrative emerging markets and analyzes penetration across mature segments of the markets
• Market Diversification: Provides in-depth information about untapped geographies, recent developments, and investments
• Competitive Landscape Assessment: Mergers & acquisitions, certifications, product launches in the North America & Asia Pacific UV-C LED market have been provided in this research report. In addition, the report also emphasizes the SWOT analysis of the leading players.
• Product Development & Innovation: The report provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

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About Astute Analytica:

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They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.

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