Tuesday, March 19, 2019

Global UV LED Market by Technology, Application and Region - Growth, Trends and Forecast (2018-2023) - ResearchAndMarkets.com

BWW News Desk
January 11, 2019

The a referrerpolicyunsafeurl targetblank hrefhttpswwwresearchandmarketscomresearchhtf8sbglobaluvledw4 relnofollowGlobal UV LED Market Segmented by Technology Application and Region Growth Trends and Forecast 2018 2023a report has been added to strongResearchAndMarketscomsstrong offering pblockquotep idpullquotepblockquote p The UV LED market was valued at USD 20454 million in 2017 and is expected to reach USD 69254 million by 2023 recording a CAGR of 2254 during the forecast period of 20182023 p p The UV LED market has been gaining traction in recent times and the demand for the markets offerings is anticipated to increase owing to various factors such as international conventions which could eventually wipe out the entire set of alternative products p p The market studied is also driven by several innovations and increasing applications of offerings Another factor that favors the markets growth is the ecofriendly composition of products which offers it a competitive edge over alternative offerings p p Increasing LED penetration in the global lighting market is also anticipated to significantly contribute to the market studied because in 2015 LED lighting accounted for around 39 of the LED market thus indicating the broad scope for UV LED in the lighting market p p strongKey Highlightsstrong p ul li Increasing Adoption of UV Curing Expected to Drive the UV LED Market li li North America Expected to Account for the Largest UV LED Market Share li ul p strongDevelopments in the Marketstrong p ul li LG Innotek announced the development of the worlds first 100 mW UVC LED This development was two years ahead of the industry forecast which predicted that such a development would be successful by 2020 li li Koninklijke Philips NV sold its shares in Lumileds and retained only 191 shares whereas Apollo Global Management bought an 801 stake in LEDs and automotive lighting productsbr li ul p strongCompanies Profiledstrong p ul li Lumileds Holding BV li li LG Innotek Co Ltd li li Nordson Corporation li li Honle UV America Inc li li Seoulviosys Co Ltd li li Nichia Corporation li li Semileds Corporation li li Halma PLC li li Crystal IS Inc li li Heraeus Holding GmbH li li Fuji Xerox Co Ltd li ul p strongTopics Coveredstrong p p 1 Introduction p p 2 Research Methodology p p 3 Executive Summary p p 4 UV LED Market Insights p p 5 UV LED Market Dynamics p p 6 Global UV LED Market Segmentation p p 7 Competitive Intelligence Company Profiles p p 8 Investment Analysis p p 9 Future of the Global UV LED Market p p For more information about this report visit a referrerpolicyunsafeurl targetblank hrefhttpswwwresearchandmarketscomresearchhtf8sbglobaluvledw4 relnofollowhttpswwwresearchandmarketscomresearchhtf8sbglobaluvledw4a p

SOURCE: BUSINESS WIRE. ©2015 Business Wire

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