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Thursday, September 21, 2023

Global Ultra Violet (UV) Lamps Market is anticipated to grow at a CAGR of 10.8% during 2024 to 2030

The future of the global ultra violet (UV) lamps market looks promising with opportunities in the medical phototherapy, analytical instruments, tanning, water treatment, air purification, UV curing, surface treatment, food & beverages disinfection, and biomedical applications. The global ultra violet (UV) lamps market is expected to reach an estimated $0.8 billion by 2030 with a CAGR of 10.8% from 2024 to 2030. The major drivers for this market are rising number of waterborne disease related cases, increasing use of UV systems in water and wastewater treatment facilities and plants, and expanding use of these lamps to reduce indoor air pollution.

Some of the key questions answered in this exclusive report are:

Q.1. What are some of the most promising, high-growth opportunities for the ultra violet (UV) lamps market by type (UV LED lamp and UV mercury lamp), application (medical phototherapy, analytical instruments, tanning, water treatment, air purification, UV curing, surface treatment, food & beverages disinfection, biomedical, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3.  Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6.  What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

Market Segmentation:

In this market, UV led and UV mercury are the two types of ultra violet (UV) lamps used by various end use industries. Lucintel forecast that UV led lamp is expected to witness highest growth over the forecast period due to its energy efficiency, longer lifespan, and reduced environmental concerns. Within this market, UV curing will remain the largest segment due to significant use of UV lamps for curing process in printing and wood coating industries.

APAC is expected to witness highest growth over the forecast period due to growing concern towards air and water quality, continuous expansion in urbanization and industrialization, and rising disposable income among population of the region.

Surepure, Ushio, Heraeus, Alpha-Cure, Philips, GE Lighting, Lit, Eta Plus Electronic, Light Sources, and Osram are the major suppliers in the ultra violet (UV) lamps market.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email:
roy.almaguer@lucintel.com
Tel. 972.636.5056

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