UV Lamp Market to Grow by USD 2.16 billion

The UV lamp market will be dominated by APAC, with a share of 43% of the market's growth during the forecast period. China and Japan are the key countries for the market. Market growth in this region will be faster than the growth of the market in other regions. The high demand for UV curing equipment and technology will drive the UV lamp market growth in APAC.

The UV lamp market is expected to grow by USD 2.16 billion from 2020 to 2025. The growth momentum of the market is expected to accelerate at a CAGR of 19.39%.

The UV lamp market is expected to be driven by factors such as the low cost of ownership of UV LEDs. These LEDs eliminate the need for a secondary lens. Their compact size, low heat dissipation, zero warm-up time, low energy consumption, enhanced durability, and low maintenance costs lead to cost savings of up to 50% for end-users. This reduces the total cost of ownership.