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USD 820.63 Mn Growth in UV Lamp Market Size | Market Share, Trends, Industry Analysis, and Opportunities | TechnavioNEW 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. 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:
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. Learn more about the additional trends impacting the future of each market segment and regional growth, Download a FREE sample 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. Subscribe to our "Lite Plan" billed annually at USD 3000 that enables you to download 3 reports/year and view 3 reports/month. UV Lamp Market 2020-2024: Key Highlights
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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. Contact Technavio Research
SOURCE Technavio 
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