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Global UV LED Technology Market to Grow at a CAGR of 38.72% During the Period 2016-2020
Market Research Hub

Global UV LED Technology Market to Grow at a CAGR of 38.72% During the Period 2016-2020

Albany, New York, August 26, 2016: Market Research HUB has announced the addition of the “Global UV LED Technology Market 2016-2020″ report to their huge collection of market research reports.

The global UV LED technology market is expected to grow at CAGR of 38.72% during 2016-2020. These LEDs find its adoption in a wide range of applications, which are expected to evolve more in the future. UV curing equipment manufacturers were the largest consumer of UV LEDs in 2015, accounting for 90.65% market share.

Analysts forecast the global UV LED technology market to grow at a CAGR of 38.72% during the period 2016-2020.

The report predict the global market for UV LED technology to post a revenue of more than $658 million by 2020. The increased adoption of UV LED is fueled primarily by its low cost of ownership. UV LEDs have high initial cost but have a marginally enhanced lifespan than traditional mercury lamps. Furthermore, factors such as compact size, low heat dissipation, zero warm-up time, low energy consumption, and enhanced durability, along with low maintenance expenses, provide cost savings of nearly 50% when compared to the cold cathode fluorescent lamp (CCFL) technology. During 2015, APAC accounted for almost 43% of the overall market share to become the dominant shareholder in the global market. The high use of UV curing equipment and technology in the region will contribute to the growth of the market in APAC during the forecast period.

Covered in this Report
Report covers the present scenario and the growth prospects of the global UV LED technology market for 2016-2020. To calculate the market size, the report considers the revenue generated from UV-A LEDs, UV-B LEDs, and UV-C LEDs.

The market is divided into the following segments based on geography:
APAC
Europe
North America
ROW

Report, Global UV LED Technology Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key Vendors
HexaTech
Crystal IS
LG Innotek
SemiLEDs
Nichia
Philips Lumileds

Other Prominent Vendors
Advanced Optoelectronic Technology
Heraeus Holding
Honle
Integration Technology
Luminus Devices
Lextar Electronics
Nordson
Nitride Semiconductors
Panasonic
Phoseon
Seoul Viosys
Sensor Electronics Technology

Market Driver
Decline in manufacturing cost of UV LED packages over time
For a full, detailed list, view our report

Market Challenge
Design and integration issues in manufacturing phase
For a full, detailed list, view our report

Market Trend
Adoption of UV LEDs in consumer electronics
For a full, detailed list, view our report

Browse Full Report with TOC - http://www.marketresearchhub.com/report/global-uv-led-technology-market-2016-2020-report.html

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

About Market Research HUB

Market Research HUB (MRH) is a next-generation reseller of research reports and analysis. MRH’s expansive collection of market research reports has been carefully curated to help key personnel and decision makers across industry verticals to clearly visualize their operating environment and take strategic steps.

MRH functions as an integrated platform for the following products and services: Objective and sound market forecasts, qualitative and quantitative analysis, incisive insight into defining industry trends, and market share estimates. Our reputation lies in delivering value and world-class capabilities to our clients.

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Website : http://www.marketresearchhub.com/

About MarketResearchHub

Market Research Hub (MRH) is a next-generation reseller of research reports and analysis. MRH’s expansive collection of market research reports has been carefully curated to help key personnel and decision makers across industry verticals to clearly visualize their operating environment and take strategic steps. MRH functions as an integrated platform for the following products and services: Objective and sound market forecasts, qualitative and quantitative analysis, incisive insight into defining industry trends, and market share estimates. Our reputation lies in delivering value and world-class capabilities to our clients.

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