UV Lamp Market to grow at a CAGR of 20.41% from 2022

The UV lamp market size is estimated to grow by USD 3,247.97 million from 2022 to 2027. The market is estimated to accelerate at a CAGR of 20.41%, according to Technavio. The growing competition in the market is compelling vendors to adopt various growth strategies, such as promotional activities and spending on advertisements to improve the visibility of their services.

 Traditional UV lamps require secondary lenses as they have space and light limitations, whereas UV lamps eliminate the requirement for such secondary lenses. Even though the initial cost of UV lamps is high, they have a significantly long lifespan when compared to traditional mercury lamps. As a result, there is an increasing adoption of UV lamps among consumers in the market. Furthermore, several device manufacturers are exploring new market opportunities by offering new features due to the low cost of ownership of UV LED lamps. As a result, this enhances the relationship with existing customers, which will positively impact market growth. Hence, such factors are expected to drive the UV lamp market growth during the forecast period.

. There is an increasing restriction on the use of mercury-based lighting solutions, such as incandescent lamps, across several countries due to its various environmental concerns. As a result, it has led to the declining adoption of mercury-based UV lamps, which in turn fuelled the increased adoption of UV LEDs in these countries. One of the main advantages of UV LEDs is that they are mostly eco-friendly and are non-hazardous, as these LEDs are free of ozone and mercury. Additionally, some benefits of UV LEDs include energy-saving features and other properties that improve sustainability. As a result, there is increasing adoption of UV LED technology to minimize power supply costs and comply with the changes in legislation.