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UVLED Market Grows Fast |
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2013.03.27 |
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The LED that radiates ultra-violet ray is gaining popularity in sterilization, hardening and medical device markets, for the advancement of technology enabled the UV LED to radiate various wavelengths and reduced production costs.
The UV LED has become another promising application for LED, after the Back Light Unit and lighting devices.
According to the industry, the fast growth of UV LED market has become a global trend. Yole Développement, a French market research firm, announced its findings that the UV LED market grew from USD 32.5 million in 2011 to 45 million last year, anticipating it will grow to 270 million by 2017.
The UV LED market is expected to make an annual average growth of 45% for coming 5 years, while the existing mercury UV lamp market will grow by 10%. The market share of UV LED at 12.7% is expected to grow to 34.7% by 2017.
One of the reasons for UV LED coming into the limelight is because its manufacturers, including Seoul Optodevice and Nichia, have enhanced its competitiveness in a short period. During the recent 2 to 3 years, the UV LEDs with 200 to 400 nm wavelength had been developed. The UV ray with wavelength in between 315 to 400nm can be used for hardening liquids and discriminating counterfeit bills, the one with 280 to 315nm wavelength for medical purposes and the one with 280 to 200nm wavelength for sterilization and purification, respectively.
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