Market Research Of Global UV LED Market By Knowledge Sourcing Intelligence
UV LED market is expected to grow at a compound the annual growth rate of 28.67% over the forecast period to reach a total market size of US$599.556 million from US$132.148 million in 2015. The demand for the UV LED across ink, adhesive and coating industries for the process of curing plays a significant role in the development of the UV LED market. The goal is set to phase out mercury production by the year 2020. The global consumer electronics industry is rapidly growing owing to rising purchasing power and growing urbanization. One of the emerging applications of UV LED technology is the air and water purification systems. Chemicals like chlorine and mercury lamps are toxic to aquatic life and create harmful byproducts, causing safety and environmental risks. Market Research is done by the knowledge sourcing industry due to the huge scope with the respective industry. HIgh Chip Manufacturing Cost Although UV LEDs are inappropr...