More than an Alternative Technology, UV LED Technology Finds its Path

Feb15_YoleNow established in UV curing, UV LED technology will find growth opportunities in disinfection and purification and new applications by 2017/2018. Under its new technology and market analysis entitled “UV LED – Technology, Manufacturing and Application Trends”, Yole Développement (Yole) the “More Than Moore” market research, technology and strategy consulting company, reviews and details the traditional UV lamp business and its current transition to UV LED technology. Indeed industry players confirm their interest for cheaper and more compact technology.

Yole’s report presents a comprehensive review of all UV lamp applications including a deep analysis of UV curing, UV purification and disinfection and analytical instruments. It highlights the UV LED working principle, market structure, UV LED market drivers and associated challenges and characteristics, the total accessible market for UV LEDs… In this report, Yole’s analysts also detail the market volume and size metrics for traditional UV lamps and UV LEDs over the period 2008-2019, with splits by application for each technology.

Thanks to their compactness and low cost of ownership, UV LED technology continues to make its way in the booming UV curing business, through replacement of incumbent technologies such as mercury lamps.Thanks to this an overall UV LED market that represented only ~$20M in 2008 grew to~$90M in 2014, at a compound annual growth rate of 28.5 percent,” said Pars Mukish, Business Unit Manager, LED activities at Yole. Such growth is likely to continue as LED-powered UV curing spreads across ink, adhesive and coating industries. And Pars Mukish from Yole, said: “By 2017/2018, the UV LED market should also see part of its revenues coming from UVC disinfection and purification applications, for which device performance is not yet sufficient. The UV LED business is therefore expected to grow from ~$90M in 2014 to ~$520M in 2019.” This market’s evaluation takes into account only standard applications, where UV LEDs replace UV lamps.

Pars Mukish adds: “The potential is even greater, if we consider UV LEDs’ ability to enable new concepts in areas like general lighting, horticultural lighting, biomedical devices, and in fighting hospital-acquired infections (HAIs)”. Even this is just scratching the surface of UV LEDs’ real potential. While the new applications do not yet have a strong impact on market size, Yole expects them to possibly count for nearly 10% of the total UV LED market size by 2019.

More information about this report and other LED technology & market analysis from Yole, go to www.i-micronews.com, LED section.

One Response to More than an Alternative Technology, UV LED Technology Finds its Path

  1. Pingback: More than an Alternative Technology, UV LED Technology Finds its Path | LED New Source