The UV Lamp Market is being driven by Low cost of ownership of UV LEDs
The UV Lamp Market is expected to grow at a CAGR of 14% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 573.8 million. In light of increasing environmental regulations, the adoption of mercury-based UV lamps, including mercury-containing incandescent lamps, is decreasing. This shift is driven by the hazardous nature of mercury and the subsequent environmental concerns. In contrast, UV LEDs, which are free of ozone and mercury, are gaining popularity. These energy-efficient and sustainable LEDs offer numerous benefits, such as improved flux density and stability, making them a preferred choice for customers aiming to reduce power consumption and comply with legislative changes. The global market for UV LEDs is poised for significant growth due to these factors.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
227 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 14% |
Market growth 2025-2029 |
USD 573.8 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
12.0 |
Key countries |
US, China, Japan, India, Germany, UK, South Korea, France, Italy, Canada, China, US, Germany, Japan, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The UV lamp market encompasses the use of UV light for various applications including water treatment, wastewater sterilization, and air disinfection. With water scarcity, UV technology gains significance in treating industrial effluents and enhancing the safety of drinking water. UV mercury lamps and UV LEDs are popular solutions for surface sterilization and pathogen control in healthcare facilities, food safety, and beverage processing. Social infrastructure investment in proper infrastructure and regulatory policies drive the market growth. UV technology offers enhanced safety measures through disinfection solutions, product innovation, and environmental safety, contributing to public health and food safety. UV-C light plays a crucial role in sterilization and disinfection, making it essential for air treatment and surface disinfection in various industries.
The UV Lamps Market is a segment of the expansive Global Electrical Components and Equipment Market. This market encompasses companies involved in the production of various electrical components and equipment, including UV lamps and related accessories. UV lamps utilize UV light for diverse applications, such as water disinfection and UV adhesive curing. The electrical components and equipment market size is determined by the consolidated revenue generated from manufacturers of water heaters and accessories, motors, automation solutions, electrical distribution and protection equipment, and other related categories. Additionally, rental and leasing of electrical components and equipment to industrial, commercial, and residential sectors are taken into account in the market estimation.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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