North America UV LED Market size valued at USD 80 million in 2020 and is estimated to register 20% CAGR between 2021 and 2027.
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The market growth is driven by the rising adoption of IoT devices for home automation in the region. Incorporating UV LEDs into smart home devices, such as air purifiers, smart disinfecting devices, and others, to improve safety and durability while consuming little energy will further drive market growth. According to the GSMA report 2021, in 2020, the number of IoT connections in North America was 2.9 billion with total connections expected to reach 5.1 billion by 2025. Moreover, companies are using UV LEDs to develop automated guided vehicles with motion and object detection techniques such as self-guiding vacuum cleaners.
North America Market, By Type
The UV-B segment in the North America UV LED market will showcase around 12.5% growth rate during the forecast period. The growth is credited to its growing adoption in livestock farming such as animal husbandry and piglet harvesting. It promotes healthier growth conditions by eradicating fungus, mildew, and seedling pests in the surroundings.
Several major corporations and universities are developing the UV-B technology for use in livestock farming facilities. For instance, in June 2021, Sensor Electronic Technology Inc. (SETi) and FarrPro Inc. introduced Violeds technology, which includes UV-B LEDs for modern pig farrowing and farming facilities. The research was carried out at Iowa State University, U.S. and it was discovered that when piglets were exposed to Violeds technology, their vitamin D3 levels improved.
North America Market, By Country
Canada UV LED market is expected to grow at 14.5% CAGR through 2027, attributed to the rising adoption of UV LEDs in water treatment plants for disinfection.
Growing government investments to support clean water infrastructure will further encourage market expansion. For instance, in August 2021, the Governments of Canada and Saskatchewan invested USD 5.3 million in regional water infrastructure. The goal of these governments is to provide their citizens with safe drinking water. These funds will be used to install UV disinfection devices in reservoirs and build new water intake infrastructures along the Saskatchewan River.
Europe Market, By Country
Prominent participants operating across the North America UV LED market include Bivar, Boston Electronics Corporation, Inolux, Lumex Inc., and Marktech Optoelectronics.
These companies are focusing on the development of innovative solutions through collaborations and investments to gain a competitive edge in the market. For instance, in January 2021, Crystal IS and Asahi Kasei announced the second round of funding for the ‘UV Accelerator’ program, which will promote the development of novel disinfection products with UVC LEDs. The UV Accelerator is a long-term project that aims to build new collaborations with governments all around the world.