Market Size of UV LED Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 1.57 Billion |
| Market Size (2029) | USD 4.5 Billion |
| CAGR (2024 - 2029) | 23.26 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Ultravoilet (UV) LED Market Analysis
The UV LED Market size is estimated at USD 1.57 billion in 2024, and is expected to reach USD 4.5 billion by 2029, growing at a CAGR of 23.26% during the forecast period (2024-2029).
UV LED lighting offers longer lifetimes, greater reliability, and smaller sizes, enabling system designers maximum design freedom. Radiations with wavelengths from 180 to 280 nm are referred to as UV-C, and this is the range needed to be used effectively in decontamination, disinfection, and sterilization.
- The critical advantage UV LEDs have over UV lamps is that they have a narrow band compared to UV lamps. The risk of exposure to the wrong wavelength is reduced significantly. The applications, such as printing and medical operations, benefitted the most during the initial years.
- The printing solution market is expected to witness a considerable increase in demand, owing to constant developments such as partnerships and innovations in the market. In January 2021, RMGT announced a UV LED partnership with GEW. RMGT adopted the high-performance GEW product as its definitive new solution in the ongoing technology improvement after months of evaluating all significant UV LED manufacturers.
- UV LED lighting provides the user with a much more energy-efficient and environmentally friendly solution. With reduced maintenance, small compact sizing, and no preheating requirement, it is a more cost-effective and convenient option. UV-C LED lighting is more sustainable than traditional, providing evenly dispersed heat, instantaneous preheating, a concentrated light source, and durable housing. With such a flexible, user-friendly implementation, they can be integrated into various systems and improve the efficiency of the disinfection process.
- Additionally, the electrical-to-UV-C conversion efficiency is already lower than that of mercury lamps. They consume substantially low power, making UV LEDs more energy efficient. UV LEDs can also be turned on and off instantly, whereas mercury tubes have a warm-up period before they reach full power, which means their energy consumption is less controllable.
- With the COVID-19 outbreak, the ultraviolet LED market is witnessing significant growth in demand due to the rapid usage of germ-killing properties and disinfecting surfaces. Several countries, such as China and the United States, use ultraviolet lamps to clean surfaces and prevent people from getting infected. According to Photonics Media, the pandemic has increased the demand for ultraviolet LEDs that disinfect spaces.
