UV LED Market Size, Share, Scope | Industry Trends 2022-2027
According to the latest report by IMARC Group, titled “ UV LED Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 ,” offers a comprehensive analysis of the industry, which comprises insights on the global UV LED market share . The global UV LED market size reached a value of US$ 572.3 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1,531.70 Million by 2027, exhibiting a CAGR of 16.50% during 2022-2027. What is UV LED? Ultraviolet (UV) light-emitting diodes (LEDs) are solid-state electronics that emit light when an electrical current passes from the positive to the negative side of the circuit. These diodes are eco-friendly as they consume less energy and do not contain harmful mercury and generate ozone. They are widely used for molecular detection, biological inactivation, high-resolution imaging and industrial curing of printers, coatings, and adhesives. As a result, UV LEDs are ...