North American Ultraviolet Light Emitting Diode Market revenue to cross $300 Mn by 2027
Published Date: February 24, 2022 Request a sample
North American Ultraviolet Light Emitting Diode Market size is anticipated to reach USD 300 million by 2027, according to a latest forecast report by Graphical Research. The market growth is due to the increasing adoption of ozone monitoring systems in water treatment plants. The UV LED-based monitoring systems enable users to assess the ozone concentration in potable, raw, process, waste, and cooling water. Several research institutions and organizations are testing the use of UV-C band products to detect harmful ozone emissions. For instance, in August 2021, the California Air Resources Board (CARB) announced that it is testing UV-based products for ozone monitoring applications. This category includes ionizers, hydroxyl generators, electrostatic precipitators, PCO, UV light devices, and other electronic air cleaning technologies. The medical light therapy segment will grow at a CAGR of 20% during the forecast period, driven by the rising adoption of UV-A types in medical devices that are used in light therapy for the treatment of skin disorders. The integration of UV LEDs into light therapy will allow medical professionals to treat vitiligo, psoriasis, and other atopic skin disorders. Major companies are heavily investing and developing technically advanced medical products to gain a competitive edge in the market. For instance, in October 2021, Zerigo Health announced that it has raised USD 43 million in a Series B funding round by 7wireVentures. The company aims to invest funds to innovate a new connected light therapy solution and address the rising demand for treating chronic skin conditions. Browse detailed statistical insights from the report, “North America 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) @ https://www.graphicalresearch.com/industry-insights/2059/north-america-UV-LED-market The U.S. UV LED industry witness 22% CAGR through 2027 impelled by rising demand for processed organic food & beverages. It offers several advantages in food processing such as security, requires little maintenance, and does not require the use of chemicals or pesticides. According to an organic survey report released by the Organic Trade Association, in May 2021, the U.S. annual sales for organic food reported an increase of 12.4% to USD 61.9 billion in FY2020. Such rising demand for organic processed food has encouraged food retailers and farmers to adopt UV technology-based food sterilization solutions, further supporting the market growth. The Ultraviolet Light Emitting Diode in North American 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: North America Market, By Type North America Market, By Application The above information has been provided for the following countries: