Global UV Lamp Market 2017-2021
About UV Lamp
UV lamps are lighting sources in the UV spectrum with wavelengths ranging between 100 nm and 400 nm. They emit electromagnetic radiations and are commonly used for detection, printing, industrial curing, air purification, medical and biomedical applications, dermatological, currency validation, forensics, photopolymerization, spectroscopy, dental curing, sterilization, and security applications. UV light-emitting diodes (LEDs) are preferred over traditional UV lamps due to the presence of mercury content in traditional lamps. They also have lower power consumption, low current requirement, long lifespan, and environment-friendly attributes. These factors accelerate their adoption in the market.
Technavio’s analysts forecast the global UV lamp market to grow at a CAGR of 13.32% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global UV lamp market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global UV Lamp Market 2017-2021
Technavio recognizes the following companies as the key players in the global UV lamp market: Philips, OSRAM, and Heraeus.
Other Prominent Vendors in the market are: Atlantic Ultraviolet, Advanced Optoelectronic Technology, Calgon Carbon, DOWA Electronics Materials, Excelitas TechnologiesHonle Group, Integration Technology, IST METZ, Luminus Devices (subsidiary of Lightera), Lextar Electronics (a brand of Micron Technology), Nordson, Nitride Semiconductors, Panasonic, Phoseon, and SEOUL VIOSYS.
Commenting on the report, an analyst from Technavio’s team said: “One trend in market is increased adoption of UV LEDs in consumer electronics. Compact size, lower operating costs and power consumption, easy disposal, ozone-free operation, and the flexibility of LEDs to operate at different wavelengths have made the adoption of LEDs, especially UV LEDs, possible in mobile computing devices. UV LEDs are used for curing adhesives for mounting sensitive touch-panel displays during the assembly of mobile computing devices.”
According to the report, one driver in market is low cost of ownership of UV LEDs. The low cost of ownership of UV LEDs is a major growth driver for the market. Traditional UV lamps have space and light limitations. Hence, they require a secondary lens. On the other hand, UV LEDs eliminate the need for a secondary lens. They have a high initial cost but have a marginally enhanced lifespan compared to traditional mercury lamps. The compact size, low heat dissipation, zero warm-up time, low energy consumption, enhanced durability, and low maintenance expenses provide cost savings up to 50% for end-users, thus reducing the total cost of ownership. These factors increase the profitability of vendors in the market. UV LEDs are used in different spectroscopic applications as alternatives to traditional light sources due to the evolution of UV-C LEDs. The following exhibit provides a cost analysis of the different spectroscopic instruments that adopt UV LED technology.
Further, the report states that one challenges in market is ban on mercury-based lamps. The use of mercury-based lighting solutions, such as incandescent lamps, is banned due to environmental concerns. This ban has resulted in the decreased adoption of UV lamps and increased adoption of LED lighting sources. Unlike UV lamps, UV LEDs are a non-hazardous source of UV radiation as these LEDs are free of ozone and mercury. They provide energy-saving features and other properties that enhance sustainability. Hence, OEMs worldwide are investing heavily in UV LED technology to reduce their power supply cost and adhere to these legislative changes. Numerous environmental regulations worldwide will further fuel the adoption of UV LEDs.
Philips, OSRAM, Heraeus, Atlantic Ultraviolet, Advanced Optoelectronic Technology, Calgon Carbon, DOWA Electronics Materials, Excelitas TechnologiesHonle Group, Integration Technology, IST METZ, Luminus Devices (subsidiary of Lightera), Lextar Electronics (a brand of Micron Technology), Nordson, Nitride Semiconductors, Panasonic, Phoseon, and SEOUL VIOSYS.