The UVC LED market outlook is promising; moreover, it is a valuable source that provides insightful data for business strategists. It provides an overview of industries, with growth analysis and revenue, historical & futuristic cost, demand, and supply data (as applicable).
The research analysts provide an elaborative description of the future roadmaps, value chain, and distributor analysis. The report provides the market structure which was there before and after the pandemic. This helps in analyzing the growth and impact which has occurred in the market.
The report also represents the competitive landscape of the market and a corresponding detailed analysis of the primary key players in the market. Top companies in the Global UVC LED Market are SETi, Crystal IS, HexaTech, Seoul Viosys, NIKKISO, Rayvio, DOWA, LG Innotek, ConvergEver, Qingdao Jason, and HPL.
The global UVC LED market size is expected to reach up to US$ 255.3 million by the end of 2027, as compared to the market size of 2020, which was US$ 120.6 million. The expected CAGR is expected to be around 8.5% during 2021-2027.
SETi, HexaTech and Crystal IS have captured the top three production shares with about 62% market share in the UVC LED market. North America is the most prominent consumption place, with a consumption market share of nearly 61%. Whereas, Japan is is the second largest consumption place with 25% of the market share.