USD 820.63 Mn Growth in UV Lamp Market Size | Market Share, Trends, Industry Analysis, and Opportunities | Technavio

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Nov 08, 2021, 22:15 ET

NEW YORK, Nov. 8, 2021 /PRNewswire/ -- The UV lamp market is set to grow by USD 820.63 million from 2019 to 2024. The market growth momentum will be progressing at a CAGR of almost 14% during the forecast period, according to Technavio. The report offers an up-to-date analysis and to know the exact growth variance and the Y-O-Y growth rate.

For more information on the trends and drivers impacting the potential growth variance, Read a free sample report.

Attractive Opportunities in UV Lamp Market by Product, Application, and Geography - Forecast and Analysis 2020-2024

UV Lamp Market 2020-2024: Drivers and Challenges

The declining manufacturing costs will offer immense growth opportunities. In addition, the growing adoption of UV LEDs in consumer electronics will be one of the most prominent trends likely to boost market growth. However, health hazards associated with UV lamps, design and integration issues in the manufacturing phase of UV LEDs, and the ongoing slowdown in the Chinese economy are some of the factors that may challenge the growth of the market participants.

UV Lamp Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our report covers the following areas:

UV Lamp Market 2020-2024: Segmentation

UV Lamp Market is segmented as below:

Product

Mercury-based UV Lamps
UV LEDs

Geography

APAC
Europe
North America
South America
MEA

The mercury-based UV lamps product segment led the market share during 2019 and will continue to retain its dominance during the forthcoming years as these lamps are traditionally adopted in applications such as water treatment systems. In terms of geography, APAC will continue to contribute the largest growth due to the high demand for UV curing equipment technology in the emerging economies of the region.

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UV Lamp Market 2020-2024: Vendor Analysis

The UV Lamp market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Alpha-Cure Ltd., Danaher Corp., Halma Plc, Heraeus Holding GmbH, IST Metz GmbH, Kuraray Co. Ltd., OSRAM Licht AG, Severn Trent Plc, Signify Netherlands BV, and Xylem Inc. are some of the major market participants. Backed with competitive intelligence and benchmarking, our research reports on the UV Lamp Market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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UV Lamp Market 2020-2024: Key Highlights

CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist UV lamp market growth during the next five years
Estimation of the UV lamp market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the UV lamp market
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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UV Lamp Market Scope
Report Coverage	Details
Page number	120
Base year	2019
Forecast period	2020-2024
Growth momentum & CAGR	Accelerate at a CAGR of 14%
Market growth 2020-2024	USD 820.63 million
Market structure	Fragmented
YoY growth (%)	12.66
Regional analysis	APAC, Europe, North America, South America, and MEA
Performing market contribution	APAC at 45%
Key consumer countries	China, US, Germany, UK, and Japan
Competitive landscape	Leading companies, competitive strategies, consumer engagement scope
Companies profiled	Alpha-Cure Ltd., Danaher Corp., Halma Plc, Heraeus Holding GmbH, IST Metz GmbH, Kuraray Co. Ltd., OSRAM Licht AG, Severn Trent Plc, Signify Netherlands BV, and Xylem Inc.
Market Dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio