Unlocking the Potential of UVC LEDs: A Market Size Analysis and Strategic Insights
Rationalstat LLC
8 min read
Rationalstat LLC
The global UVC LEDs market is expected to touch US$ 8,452.1 million by 2030, with an annual growth rate of more than 57.8%
Wilmington, Delaware, Nov. 19, 2023 (GLOBE NEWSWIRE) -- Global UVC LEDs Market is valued at US$ 347.5 million in 2023 and is expected to grow at a significant CAGR of over 57.8% over the forecast period of 2023-2030, according to the published market report by RationalStat
Market Definition, Market Scope, and Report Overview
Growing awareness and emphasis on disinfection and sterilization in various industries, including healthcare, water treatment, and air purification, were driving the demand for UVC LEDs. In addition, the COVID-19 pandemic heightened the awareness of the importance of effective disinfection methods, leading to increased adoption of UVC LEDs for air and surface disinfection in public spaces, healthcare facilities, and commercial settings.
Moreover, ongoing technological advancements, including improvements in UVC LED efficiency, power output, and durability, were making UVC LEDs more attractive for a broader range of applications.
According to a deep-dive market assessment by RationalStat, the global UVC LEDs market has been analyzed on the basis of market segments, including power, application, end user and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
Market intelligence for the global UVC LEDs market covers market sizes on the basis of market value (US$/EUR Million) and volume (Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
In addition, the long-term sector and products/services 10-year outlook and its implications on the global UVC LEDs market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global UVC LEDs market include,
In March 2023, Crystal IS showcased new generation Klaran single-chip UVC LED. The new UVC LED emits 160 mW in the 260-270 nm range.
In September 2022, ams OSRAM launched OSLON UV 6060, a 100mW UV-C LED. The new product perfectly complements the company’s UV-C led product offerings intended for purification applications.
Some of the prominent players and suppliers operating and contributing significantly to the global UVC LEDs market growth include ams OSRAM, Crystal IS, Inc., Convergever Inc., DOWA Holdings Co., Ltd., Harvatek Corporation, Heraeus Holding GmbH, High Power Lighting Corporation, IBT Group, International Light Technologies, Inc., and IRTronix, Inc., among others.
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Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
Defining the problem by understanding the type of market and data required by the client.
Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
Evaluating and analyzing the data by referring to data sources utilized and leveraged.
Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
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About RationalStat LLC
RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
RationalStat has strategic partnerships with leading data analytics and consumer research companies to cater to the client’s needs. Additional services offered by the company include consumer research, country reports, risk reports, valuations and advisory, financial research, due diligence, procurement and supply chain research, data analytics, and analytical dashboards.
