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APAC Ultraviolet Light Emitting Diode Market size to hit $800 Mn by 2027
Published Date: 2022-02-24
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APAC Ultraviolet Light Emitting Diode Market size is poised to cross USD 800 million by 2027, according to a latest forecast report by Graphical Research.
The market growth is attributed to the increasing use of UV LED devices in food processing facilities. According to the Department for Promotion of Industry and Internal Trade (DPIIT), the food processing sector in India received USD 10.4 billion as FDI until June 2021. These foreign investments and government initiatives have encouraged food processing companies to implement advanced technologies to ensure the safety of processed foods. For instance, in April 2021, the Indian Government announced an investment of USD 1.4 billion under the Production Linked Incentive (PLI) scheme in the food processing sector. This funding will enable market participants to deploy UV LED technology in a variety of applications including beverages, dairy, frozen food, and other processed food sectors.
The UV curing segment will observe around 22% growth rate during the forecast period, credited to its increasing deployment in healthcare devices such as medical filters, blood oxygenators, and catheters. It offers several advantages such as easy automation, low-power consumption, fast processing, and low-temperature operations. Moreover, several manufacturers are focusing on developing new curing systems to gain a competitive edge in the market. For instance, in October 2021, Jenton UV launched the new ultraviolet spot curing system. It is designed to offer curing solutions for several medical devices such as needles, reservoirs, tube sets, and cannulas.
Browse detailed statistical insights from the report, “Asia Pacific UV LED Market Forecast 2027 By Application (UV Curing, Medical Light Therapy, Disinfection & Sterilization, Counterfeit Detection, Optical Sensing & Instrumentation), By Type (UV-A, UV-B, UV-C), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
China UV LED industry will expand at a CAGR of 22% through 2027, driven by the growing demand for UV-C-powered disinfection devices amidst the COVID-19 pandemic. Companies are focusing on developing anti-COVID-19 sterilization devices to fulfill the safety requirements of their customers. For instance, in August 2021, HGC Technology Co., LTD. collaborated with Wuhan Industrial Institute to co-create a UV-C sterilization device that is capable of eradicating 99.9% of the virus. It passed the Hubei Center for Disease Control and Prevention (CDC) test and is one of the country's first batches of UVC sterilization module products to be approved for COVID-19 sterilizations.
The Ultraviolet Light Emitting Diode in the Asia Pacific market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2016 to 2027 for the following segments:
Asia Pacific Market, By Type
Asia Pacific Market, By Application
- UV curing
- Medical light therapy
- Disinfection & sterilization
- Counterfeit detection
- Optical sensing & instrumentation
The above information has been provided for the following countries:
- Asia Pacific
- South Korea