The Global UV Lamp Market is expected to grow by $ 820.63 mn during 2020-2024 progressing at a CAGR of 14% during the forecast period

NEW YORK, April 27, 2020 /PRNewswire/ -- The analyst has been monitoring the UV lamp market and it is poised to grow by $ 820.63 mn during 2020-2024 progressing at a CAGR of 14% during the forecast period. Our reports on UV lamp market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

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The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the declining manufacturing costs, growing development toward increasing production of UV LEDs and growing concern toward improving indoor air quality. In addition, the declining manufacturing costs is anticipated to boost the growth of the market as well.
The UV lamp market analysis include product segment and geographic landscapes

The UV lamp market is segmented as below:
By Product
-- Mercury-based UV lamps
-- UV LEDs

By Geographic landscapes
-- Europe
-- North America
-- South America
-- MEA

This study identifies increased adoption of UV LEDs in consumer electronics as one of the prime reasons driving the UV lamp market growth during the next few years. Also, shift from mercury-based UV lamps to UV LEDs and development of GaN-on-Si LEDs.
"The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our UV lamp market covers the following areas:
-- UV lamp market sizing
-- UV lamp market forecast
-- UV lamp market industry analysis"

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