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(MENAFN - GetNews) UV LED MARKET BY TYPE (UV-A, UV-B, AND UV-C), MATERIAL (SILICON CARBIDE, GALLIUM NITRIDE, SAPPHIRE, AND OTHER), AND APPLICATION (CURING, PURIFICATION, INDOOR GARDENING, COUNTERFEIT DETECTION, AND OTHERS), AND INDUSTRY VERTICAL (HEALTHCARE & MEDICAL, AGRICULTURE, INDUSTRIAL, RESIDENTIAL, AND COMMERCIAL): GLOBAL OPPORTUNITY ANALYSIS AND INDUSTRY FORECAST, 2020-2027 The global UV LED market size is expected to grow at a CAGR of 21.7% and cross $1.71 billion by 2027 from $0.35 billion in 2019. The significant growth in the market is observed owing to increasing adoption of eco-friendly curing technologies across the globe. Additionally, governments of several countries are also seen promoting use of UV LED s instead of traditional CFL technology to support the power saving initiative.

United statesSouth africaSaudi arabiaSouth koreaAnishi sharmaAsia pacificNordson corporationSemileds corporationLumileds holdingCompany nameSensor electronic technologyLg innotek coPhoseon technologyNichia corporationEmitting diodesSeveral north american