May 18, 2022
The business intelligence report titled ‘North America UV LED Market Forecast 2027 By Application, By Type, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with MarketStudyReport, opines that North America UV LED market is anticipated to showcase a monumental growth rate through 2027.
Adoption of eco-friendly & energy-efficient light production methods and noteworthy advancements in UV device manufacturing processes are the major factors aiding the augmentation in North America UV LED market size.
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Furthermore, a favorable regulatory landscape, and increased efforts towards surface & water disinfection & sanitization are likely to boost the progress of industry in the forthcoming years.
Based on type, the marketplace is bifurcated into UV- A, UV-B, and UV-C . The UV-C segment is slated to gain substantial traction during the analysis timeframe, attributable to extensive utilization in the elimination of biological contaminants such as viruses, bacteria, and protozoa from the environment.
Meanwhile, the UV-B technology segment is estimated to progress at a CAGR of 12.5% through 2028, creditable to the usage of UV-B technology in cattle breeding.
Considering the application spectrum, the industry is categorized into UV curing, medical light therapy, disinfection & sterilization, counterfeit detection, optical sensing & instrumentation, and others.
North America UV LED market scope is amplifying due to the rapid incorporation of this technology in livestock production such as pig harvesting. On the other hand, the agricultural sector is witnessing an augmentation in technology uptake over the past few years as UV radiation plays a key role in stimulating active compounds such as antioxidant properties in varied plants and THC levels in cannabis.
Apart from agriculture, UV LED is also utilized in preserving the quality, shelf life, and safety of food products such as fruits and vegetables in residential refrigerators.
From a geographical standpoint, United States industry is likely to record a robust CAGR of 22% through the forecast timeline, due to rising demand for processed organic food and beverages.
The competitive framework of in North America UV LED business sphere is majorly influenced by key players such as sglux SolGel Technologies GmbH, Seoul Viosys Co. Ltd., Shenzhen Refond Optoelectronics Co. Ltd., Osram Opto Semiconductors GmbH, Nitride Semiconductors Co. Ltd., Nikkiso Co. Ltd., Nichia Corporation, Marktech Optoelectronics, Luminus Inc., Lumileds Holding B.V., Lumex Inc., Lite-On Technology Corporation, Inolex Inc., DOWA Electronic Materials Co. Ltd., Boston Electronics Corporation, and Bivar Inc.