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UV LED market still keeps fast pace of development during covid-19 pandemics

A recent market survey showed the total value of UV LED market was up to USD 348.9 million in the year 2020, it is estimated that the total volume might be USD 1044.709 million by the year 2026.

The rapid market development arises from the lower engergy consumption of UV LEDs than mercury bulb lamps and the influence of rampant covid-19 pandemics. The temperature of working UV LED lamp reach 40° celcius at most, but the temperature of mercury lamp is more than  60° celcius.

Since the outbreak of covid-19, UV LED products have seen a huge market requirement because UV LEDs have been scientifically proven to achieve disinfecting the surfaces and germs killing. In many countries, for example, China and the United States are introducing UV LED sterilizers to sanitize the public area in order to avoid the spread of covid-19 virus.
The fragmented UV LED market in the world
The UV LED market is much fragmented because of various players providing high competition. The major players are trying their best to keep a sustainable competitive advantage through their technological innovation, and some new players, like Osram, are making huge investments in the market. Key players are Seoul Viosys co.,ltd, Lumileds Holding BV, LG Innotek Co. Ltd,Nordson corporation, Honle UV America inc,etc.

For the above reason, Japanese and Chinese suppliers are increasing investments in UV LED products in order to meet the expanding applications requirements for disinfection and sterilization.

The world-famous Nichia Corporation had successfully developed its its 280nm "deep blue "UV chip NCSU334A in April 2019, the said UV LED chips had been adopted for air sterilization and water purification in large scale. Also, Nichia had other success in other UV LED technology specifically suited for resin curing applications.

By the way, Chinese coating companies are spending much on intelligent manufacturing.In February,2019, Hubei province announced ShenzhenUV-ChemTech LTD and Yihua group invested RMB  8 billion in the construction of the biggest UV curing material project in the world. The project covers a yearly volume in terms of 20 thousand ton of photoinitiators, 100 thousand ton of LED curing coatings, and 80 thousand ton of monomer resins.
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