UV Lamp Market by Product, Application, and Geography - Forecast and Analysis 2021-2025

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR43238
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The UV lamp market share is expected to increase by USD 2.16 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 19.39%.

This UV lamp market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers UV lamp market segmentation by product (mercury-based UV lamps and UV LEDs), application (UV curing, water and air purification, tanning, analytical instruments, and others), and geography (APAC, Europe, North America, South America, and MEA). The UV lamp market report also offers information on several market vendors, including Alpha-Cure Ltd., American Air and Water Inc., Atlantic Ultraviolet Corp., Danaher Corp., Heraeus Holding GmbH, IST Metz GmbH, OSRAM GmbH, Signify NV, UV-technik international ltd, and Xylem Inc. among others.

What will the UV Lamp Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the UV Lamp Market Size for the Forecast Period and Other Important Statistics

 

UV Lamp Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The low cost of ownership of UV LEDs is notably driving the UV lamp market growth, although factors such as health hazards associated with UV lamps may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the UV lamp industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key UV Lamp Market Driver

One of the key factors driving growth in the UV lamp market is the low cost of ownership of UV LEDs. 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. UV LEDs offer a lifetime of up to 10 years. Their compact size, low heat dissipation, zero warm-up time, low energy consumption, enhanced durability, and low maintenance expense provide cost savings up to 50% for end-users, which reduces the total cost of ownership. These factors contribute to the growing adoption of UV LEDs among end-users for various applications. This will generate growth opportunities for UV LED manufacturers, which will drive the growth of the market.

Key UV Lamp Market Challenge

The health hazards associated with UV lamps will be a major challenge for the UV lamp market during the forecast period. UV lamps emit UV rays, which are harmful to humans. UV lamps that are used for different applications, such as UV curing, medical light therapy, and water sterilization, emit invisible UV radiations during operation. This can cause damage to an individual's eyes and skin. Elongated exposure to these radiations is one of the main causes of skin cancer in humans. Stringent regulations have been enforced by regulatory bodies for safety purposes, which sometimes becomes a bottleneck in the growth process. The adoption of mercury-based UV lamps is contributing to health hazards, as mercury is emitted from these lamps. Global intergovernmental organizations, such as the United Nations, are taking initiatives to curb the adoption of mercury-based lights by banning them. This will reduce the adoption of mercury-based UV lamps significantly.

This UV lamp market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major UV Lamp Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Alpha-Cure Ltd.
  • American Air and Water Inc.
  • Atlantic Ultraviolet Corp.
  • Danaher Corp.
  • Heraeus Holding GmbH
  • IST Metz GmbH
  • OSRAM GmbH
  • Signify NV
  • UV-technik international ltd
  • Xylem Inc.

 

This statistical study of the UV lamp market encompasses successful business strategies deployed by the key vendors. The UV lamp market is fragmented and the vendors are deploying growth strategies such as forming strategic partnerships to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The UV lamp market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for UV Lamp Market?

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43% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for UV lamps in APAC. Market growth in this region will be faster than the growth of the market in the European and MEA regions.

The high demand for UV curing equipment and technology will facilitate the UV lamp market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the UV Lamp Market?

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The UV lamp market share growth by the UV LEDs segment will be significant during the forecast period. The sales of UV LEDs are significantly increasing in line with the expanding consumer base, which will drive the growth of the market. Lowering cost, the increasing number of benefits over traditional UV lamps, and the high learning curve for vendors encourage new vendors to adopt the UV LED technology, including vendors that are engaged in visible wavelength LEDs. The need for cost-effective instruments will drive the penetration of UV LEDs across industries, thus reducing the demand for mercury-based UV lamps.

This report provides an accurate prediction of the contribution of all the segments to the growth of the UV lamp market size and actionable market insights on post COVID-19 impact on each segment.

 

UV Lamp Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 19.39%

Market growth 2021-2025

$ 2.16 billion

Market structure

Fragmented

YoY growth (%)

17.60

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 43%

Key consumer countries

China, US, Germany, Japan, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Alpha-Cure Ltd., American Air and Water Inc., Atlantic Ultraviolet Corp., Danaher Corp., Heraeus Holding GmbH, IST Metz GmbH, OSRAM GmbH, Signify NV, UV-technik international ltd, and Xylem Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this UV Lamp Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive UV lamp market growth during the next five years
  • Precise estimation of the UV lamp market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the UV lamp industry across APAC, Europe, North America, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of UV lamp market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Mercury-based UV lamps - Market size and forecast 2020-2025
    • UV LEDs - Market size and forecast 2020-2025
    • Market opportunity by Product

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • UV curing - Market size and forecast 2020-2025
    • Water and air purification - Market size and forecast 2020-2025
    • Tanning - Market size and forecast 2020-2025
    • Analytical instruments - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by Application

    Customer landscape

    • Overview

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • APAC - Market size and forecast 2020-2025
    • Europe - Market size and forecast 2020-2025
    • North America - Market size and forecast 2020-2025
    • South America - Market size and forecast 2020-2025
    • MEA - Market size and forecast 2020-2025
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Overview
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • Alpha-Cure Ltd.
    • American Air and Water Inc.
    • Atlantic Ultraviolet Corp.
    • Danaher Corp.
    • Heraeus Holding GmbH
    • IST Metz GmbH
    • OSRAM GmbH
    • Signify NV
    • uv-technik international ltd
    • Xylem Inc.

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
    Technavio

    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
    Technavio

    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
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    The uv lamp market growth will increase by $2158.14 million during 2020-2025.
    The uv lamp market is expected to grow at a CAGR of 19.39% during 2020-2025.
    Technavio has segmented the uv lamp market by product (Mercury-based UV lamps and UV LEDs) ,application (UV curing, Water and air purification, Tanning, Analytical instruments, and Others) , and geographic (APAC, Europe, North America, South America, and MEA).
    Alpha-Cure Ltd., American Air and Water Inc., Atlantic Ultraviolet Corp., Danaher Corp., Heraeus Holding GmbH, IST Metz GmbH, OSRAM GmbH, Signify NV, uv-technik international ltd, Xylem Inc. are a few of the key vendors in the uv lamp market.
    APAC will register the highest growth rate of 42.86% among the other regions. Therefore, the uv lamp market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
    • China
    • US
    • Germany
    • Japan
    • UK
    The key factors driving the uv lamp market growth are:
    • Low cost of ownership of UV LEDs
    • Shift from mercury-based UV lamps to UV LEDs
    The uv lamp market vendors should focus on grabbing business opportunities from the mercury-based uv lamps segment as it accounted for the largest market share in the base year.
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