North America and Asia Pacific UV-C LED Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2030

The North America & Asia Pacific UV-C LED Market is estimated to witness a rise in revenue from US$ 202.4 Mn in 2021 to US$ 14,077 Mn by 2030. The market is registering a CAGR of 60.2% during the forecast period 2022-2030. In terms of volume, the market is registering a CAGR of 58.9% over the forecast period 2022-2030. The use of UVC LEDs requires low power consumption, LEDs can turn on and off immediately when the power is switched on and off and feature a high degree of freedom in irradiation owing to their compactness. Also, LEDs are environment-friendly because they do not use mercury. 

The major factor responsible for the growth of the North America & Asia Pacific UV-C LED market includes increasing consciousness about use of environment safe UV-C LEDs, greater initiative towards utilization of UV curing systems and better performance compared to other sources. Moreover, aluminium nitride technology that allows for more effective and efficient UVC LEDs provide lucrative growth opportunity in the North America & Asia Pacific UV-C LED market. However, high investment and installation cost of UVC LEDs restrict the market growth over the forecast period. Furthermore, key players under North America and Asia Pacific using UV curing systems include Air Motion Systems, Inc, American Ultravoilet. Inc, Dynmax Corporation Excelitas Technologies, CorpHanovia Limited, Heraeus Noblelight, America LLCIST METZ, GmbH Jenton International Ltd., Nordson Corporation and Phoseon Technology.

Report Summary

The study of the North America & Asia Pacific UV-C LED Market considers various market determinants, industry value chain analysis and competitor analysis of the market. The report discusses the analysis of the UV-C LED industry for the period 2017-2030, where the base year is 2021 and the forecast period is 2022-2030. The report provides a detailed analysis of the North America & Asia Pacific UV-C LED Market across 13 Chapters and 224 pages. The report includes data presentation across 60 tables and 101 statistical figures. 

The report provides PESTLE analysis, which is a tool to examine the external market environment factors that have an impact on the industry. The PESTLE analysis examines the Political, Economic, Social, Technological, Environmental and Legal factors in the external environment. Thus, sufficiently examining the threats and weaknesses of the industry. The research report also provides Porter’s five forces analysis wherein bargaining power of buyers is low and competitive rivalry is moderate. 

The subsequent section provides details of the market analysis based on different segments such as application, channel mode, UVC light source, end user and region. The report includes detailed study of value chain of the industry. It includes raw material provider, manufacturer, distributors and end users. The report also covers extensively about the key competitors in the market for UV-C LED.  

Impact of COVID-19 

The covid pandemic has led to heightened sense of awareness for disinfection. This has led to increased usage of safe UV-C solutions that are able to effectively reduce harmful microorganism without the use of chemicals. As the COVID-19 pandemic is still posing a threat to worldwide communities, UVC light incorporated products for disinfection are becoming more and more popular. Common applications include upper-room UVC disinfection integrated with lighting fixtures or air cleaners, UVC light embedded robots, UVC light boxes and other portable disinfecting products. It has been widely used, primarily in water purification systems and healthcare facilities. Now, it also has become an effective weapon in the fight against COVID-19. UV light proves to be more effective against COVID-19 due to its ability to interact with the DNA and RNA molecules in the coronavirus, making them inactive and therefore, non-infectious. Moreover, with proper placement, shielding and safety precautions, the application of UV-C light can be an effective tool against COVID-19. This has resulted in boosting the market growth for UV-LED market as a whole during the pandemic crises.

UV-C LED Applications

• Germicidal (UVGI) purification
• Air Purification
• Surface Sterilization
• Water Disinfection
• Hospital Sanitization
• Curing Applications

Different Applications of UV-C Curing System

• Medical Device Manufacturing
• Decorating
• Stereolithography
• Electronics
• Food Packaging
• Graphic Arts 

Key Takeaways from the North America & Asia Pacific UV-C LED Market Report

• Based on application, the water treatment segment holds the highest market share in 2021 owing to the need of clean and reusable water, to achieve sustainability and to protect environment are the driving factors which will result in economy growth. Whereas, the hospital sanitization segment is anticipated to grow at the highest CAGR. People are more health aware after Covid which increased foot fall in hospital industry.
• In terms of channel mode, NLOS model (Non-Line of Sight) dominated the North America & Asia Pacific UV-C LED market in 2021 and is also projected to grow at the highest CAGR during the forecast period. NLOS model segment offers good signal strength and higher amount throughput compared to LOS counterpart.
• By UVC light source, the DUV LED segment is estimated to have the highest market share in 2021 as deep ultra-violet (DUV) light emitting diodes (LED) are expected to be the next generation of UV sources, offering significant advantages such as compactness, low consumption and long lifetimes. 
• On the basis of end user, the healthcare segment dominated the North America & Asia Pacific UV-C LED market in 2021 due to rising income, better health awareness, lifestyle disease and increasing access to insurance are factors. Whereas, the research segment is expected to project the hight CAGR over the forecast period. 
• By country, the U.S. is the highest share holder country and Mexico is projected to grow with the highest CAGR over the forecast period in the North America UV-C LED market. Whereas, China is the highest share holder segment in 2021 and India is projected to grow with the highest CAGR during the forecast period in the Asia Pacific UV-C LED market. 

Company Profile

• LG Electronics Inc. is a South Korea-based electronics manufacturer. The company is engaged in the manufacturing of computer equipment, home appliances, entertainment products and electrical components. The company has an extensive distribution system and after-sales service. Moreover, its subsidiaries have liberty in decision-making and therefore have flexibility in adapting to the local market. Also, LG Electronics is committed towards providing electronic products that help customers live better. To support this, they wish to continue bringing added value to the lives of a consumers. 
• Halma plc is a British global group of safety equipment companies that offers fire detection products and solutions. Their sustainable growth model delivers superior and sustainable growth, consistently high returns and positive impact. They create a self-reinforcing system that gives us the strength and flexibility to address new opportunities and challenges. Halma plc’s growth strategy involves growing a safer, cleaner, healthier future for everyone, every day”. Moreover, in terms of business revenue segmentation, infrastructure safety holds the highest market share.
• HexaTech, Inc. is a recognized world leader in the development and commercialization of the next-generation semiconductor material, aluminum nitride (AlN). It produces the world’s highest crystal quality single crystalline AlN substrates, with an average dislocation density of 102 - 104 cm, which provide the basis to grow epitaxial films of similar quality. Hexa Tech's research and development efforts have yielded a wealth of proprietary knowledge in the field of III-Nitride compound semiconductors.

Competitive Landscape

The key players in the North America & Asia Pacific UV-C LED Market are LG Electronics Inc., Heraeus Holding, Hönle Group, Crystal IS, MEAN WELL, Honle UV America Inc., Seoul Viosys, Halma plc, Nichia Corporation, Sensor Electronic Technology, Inc., HexaTech, Inc. and Koninklijke Philips N.V. among others. Through extensive research, it is found that big players have adopted various competitive strategies such as mergers & acquisitions in order to have a grip of emerging market. Furthermore, leading companies are expanding their geographical boundaries by acquiring small brands and domestic companies.

Segmentation Overview 

North America & Asia Pacific UV-C LED Market is segmented based on application, channel mode, UVC light source, end user and region. The industry trends in the UV-C LED market are sub-divided into different categories in order to get a holistic view of the North America & Asia Pacific marketplace. 

Following are the different segments of the North America & Asia Pacific UV-C LED Market:

By Application segment of the North America & Asia Pacific UV-C LED Market is sub-segmented into:

• Germicidal Purification
• Air Treatment
• Water Treatment
• Surface Sterilization
• Hospital Sanitization
• Biological Agent Detection
• Optical Data Storage
• Communication
• Polymer Curing

By Channel Mode segment of the North America & Asia Pacific UV-C LED Market is sub-segmented into:

• NLOS model (Non-Line of Sight)
• LOS model (Line of Sight)

By UVC Light Source segment of the North America & Asia Pacific UV-C LED Market is sub-segmented into:

• DUV LED
• DUV laser
• DUV gas discharge lamp

By End User segment of the North America & Asia Pacific UV-C LED Market is sub-segmented into:

• Healthcare
• Research
• Industrial
• Residential
• Others

By Region segment of the North America & Asia Pacific UV-C LED Market is sub-segmented into:

• North America
  • The U.S.
  • Canada
  • Mexico
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia & New Zealand
  • ASEAN
  • Rest of Asia Pacific