UV-C LED Market Achieves Impressive 44.41% CAGR from 2022 to 2028
Consumers are increasingly seeking UV-C LED products that offer portability and ease of use on the go. Portable UV-C LED sanitizing wands, in particular, have garnered popularity for their ability to quickly disinfect personal items such as smartphones and keys. Technological advancements have played a pivotal role in driving the trend toward miniaturization.
Consumers are placing greater emphasis on safer and cleaner environments, particularly in public spaces, healthcare facilities, and hospitality settings. The demand for technologies that provide efficient and reliable disinfection solutions has surged, leading to the rising popularity of UV-C LED products. Industries such as healthcare, hospitality, transportation, and food processing have recognized the imperative need for robust disinfection measures to ensure the safety of their customers, employees, and products.
The UV-C LED market faces significant challenges concerning its limited wavelength range and low external quantum efficiency (EQE). This affects the technology's performance and versatility. UV-C LEDs predominantly emit light in a narrow wavelength range of approximately 260-280 nanometers, which is highly effective for germicidal applications. However, specialized applications, such as water purification or specific photochemical processes, may necessitate different wavelengths. The development of UV-C LEDs capable of emitting specific wavelengths outside the typical range is imperative to cater to diverse industry needs and broaden the scope of UV-C LED technology.
The global UV-C LED market encompasses four main types of mounting: surface mount, chip-on-board, through hole, and others. Surface mount commands the largest market share, driven by its compact size, energy efficiency, durability, cost-effectiveness, and health and safety considerations. Through-hole and other mounting types are expected to grow but may generate lower revenue compared to surface mount and chip-on-board during the forecast period.
The global UV-C LED market encompasses three primary application categories: water disinfection, surface disinfection, and air disinfection. Water disinfection is poised to witness a remarkable Compound Annual Growth Rate (CAGR) of over 43% during the forecast period, making it the largest segment. UV-C LEDs have displayed significant potential in water disinfection due to their ability to emit germicidal ultraviolet light at 254 nanometers (nm), effectively inactivating microorganisms. The air disinfection segment is anticipated to experience the highest CAGR, driven by technological advancements, shifting consumer behavior, technological integration, and health and safety concerns.
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