UVC LED Market Size – Industry Insights, Top Trends, Drivers, Growth and Forecast to 2024
Category: #business  By Ashwin Naphade  Date: 2019-07-12
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UVC LED Market Size – Industry Insights, Top Trends, Drivers, Growth and Forecast to 2024

According to this study, over the next five years the UVC LED market will register a 92.3% CAGR in terms of revenue, the global market size will reach US$ 200 million by 2024, from US$ 4 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in UVC LED business.

The electromagnetic spectrum of ultraviolet light can be subdivided in a number of ways. The draft ISO standard on determining solar irradiances (ISO-DIS-21348) describes the UVA (400~315nm), UVB (315~280nm), UVC (280~100nm). UVC LED is a kind of Ultra-violet LED (UV LED) with light emitted in the UVC spectrum.

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The highest penetration and usage of UV LEDs today is in curing applications, but other applications such as water and air disinfection are increasing their reliance on UV LEDs as the technology evolves. This growth is expected to continue in the next five years and new potential applications will emerge. The largest growth opportunities will stem from new applications such as the UV-C integration into everyday items like into refrigerators for disinfection, which has huge potential.

As large demand of UVC LED product, the domestic enterprises should hold the opportunity to improve their technology with domestic advantages, such as low raw material price. we tend to believe this industry now should improve in technology, and the consumption increasing degree will show a slowly growth curve. On product prices, the slow downward trend in recent years will maintain in the future, as competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.

A brief of the scope of the UVC LED market:

  • Market drivers
  • Market concentration ratio
  • Latest market aspirants
  • Competitive profiling
  • Market concentration rate analysis
  • Consumption growth rate
  • Ongoing trends
  • Significant challenges
  • Competitive ranking analysis
  • Profit predictions
  • Regional classification

Enumerating the regional outlook of the UVC LED market:

In terms of the geographical bifurcation, UVC LED market is split into USA, Europe, Japan, China, India, South East Asia.

Insights included in the study have been framed with respect to the industry indicators:

  • Consumption statistics subject to all the regions
  • Market valuation of each topography in the industry
  • Contribution of each zone with respect to market share
  • Consumption market share depending on each region
  • Consumption growth rate over the forecast period across all the regions

An exhaustive guideline of the UVC LED market in terms of the product & application landscape:

Product landscape:

Product types: TO, SMD and Others

Top observations included in the report:

  • Consumption (based on the growth rate and value) of all product types
  • Product wise market share estimates
  • Selling price of the product
  • Expected revenue of each product type

Application landscape:

Application segment is split into: Water/Air Disinfection, Sensing( Bioagents, DNA), Medical and Others

Details highlighted in the report:

  • Application wise market share apportion
  • Market valuation estimates of all the applications
  • Consumption market share of each application type

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Other significant pointers encompassed in the report:

  • The study depicts the key market propellers that help drive the commercialization landscape of the UVC LED market.
  • The report provides a detailed analysis of these drivers that will help augment the revenue matrix of this industry.
  • The study delivers information pertaining to the challenges the players have to face.
  • The challenges in the industry as enumerated in the report are anticipated to help new entrants attain a better position in the UVC LED market.
  • The report also enumerates the risks prevalent in the industry and the growth opportunities prevailing in the vertical.

What does the competitive landscape of the UVC LED market imply

Manufacturer base of the industry encompasses: SETi, Crystal IS, HexaTech, Seoul Viosys, NIKKISO, Rayvio, DOWA, LG Innotek, ConvergEver, Qingdao Jason and HPL

Competitive overview outlined in the report includes:

  • Product pricing methodology
  • Profit margins
  • Product sales figures
  • Organization profile
  • Sales area and distribution
  • Organizational overview
  • Market valuation of players

Besides the aforementioned deliverables, indicators, the UVC LED market study provides substantial details pertaining to the market concentration ratio, which would help companies redefine their business strategy to give a competitive edge to their rivals in the industry.

 

For More Details On this Report: https://www.marketstudyreport.com/reports/global-uvc-led-market-growth-2019-2024

Some of the Major Highlights of TOC covers:

Executive Summary

  • Global UVC LED Production Growth Rate Comparison by Types (2014-2024)
  • Global UVC LED Consumption Comparison by Applications (2014-2024)
  • Global UVC LED Revenue (2014-2024)
  • Global UVC LED Production (2014-2024)
  • North America UVC LED Status and Prospect (2014-2024)
  • Europe UVC LED Status and Prospect (2014-2024)
  • China UVC LED Status and Prospect (2014-2024)
  • Japan UVC LED Status and Prospect (2014-2024)
  • Southeast Asia UVC LED Status and Prospect (2014-2024)
  • India UVC LED Status and Prospect (2014-2024)

 

Manufacturing Cost Structure Analysis

  • Raw Material and Suppliers
  • Manufacturing Cost Structure Analysis of UVC LED
  • Manufacturing Process Analysis of UVC LED
  • Industry Chain Structure of UVC LED

Development and Manufacturing Plants Analysis of UVC LED

  • Capacity and Commercial Production Date
  • Global UVC LED Manufacturing Plants Distribution
  • Major Manufacturers Technology Source and Market Position of UVC LED
  • Recent Development and Expansion Plans

Key Figures of Major Manufacturers

  • UVC LED Production and Capacity Analysis
  • UVC LED Revenue Analysis
  • UVC LED Price Analysis
  • Market Concentration Degree

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Read More Reports On: http://www.reuters.com/brandfeatures/venture-capital/article?id=126438

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About Author

Ashwin Naphade    

Ashwin Naphade

Ashwin is into digital marketing since the last 2 years and has worked on multiple projects across various industries. He likes posting information and knowledge on multiple topics with an objective to create online visibility as well as share his inputs. His interest...

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