2022 UV LED market output value will reach 1.24 billion US dollars
The newly released “2018 UV LED Application Market Report - Curing, Medical, and Sterilization” shows that UV LED products are actively being developed in various applications from 2016 to 2017. According to the company’s revenue performance, the output value of the UV LED market will grow in 2017. To 223 million U.S. dollars, it is estimated that it will reach 1.24 billion U.S. dollars in 2022, and the composite growth rate will reach 33% in 2017-2022. In addition to the steady growth in the curing market, surface sterilization, static water sterilization, and mobile water sterilization are the main growth drivers for the next five years (2018-2022).
Static water sterilization and surface sterilization (air purification, home appliances, etc.) are not demanding on time, and demand-side introduction of UV LED products is expected to bring added value. The market is quite widely used and there are quite a few emerging markets created. Contains highly-care baby products, daily contact with mobile phones, escalators, and household products such as toothbrushes, toilets, cupboards, sports water bottles, and thermos bottles.
Flow water sterilization requires fast sterilization time, and at the same time, has higher requirements on product power. LEDinisde analysis of the main household water purification market contains two major business opportunities, divided into the direct drinking water market and the water purifier market. The domestic water purifier mainly adopts three major methods, including Gravity Purifier, RO Reverse Purifier and UV Purifier, and RO reverse osmosis is the mainstream of the market, but it can be seen that several water purification functions mutually Collocation, effect multiplication.