Quick Summary:
In the ever-evolving world of UV curing systems—the international market valued at an impressive US$4.2 billion in 2022—keeping abreast of the industry's dynamic landscape is essential for an executive. Formulated from an in-depth examination of the UV Curing Systems market, our report offers invaluable insights that bolster an executable strategy for capitalizing on the predicted expansion to US$16.4 billion by the year 2030.
From an extensive analysis of the considerable growth in segments like Mercury Lamps, projected to hit US$7.8 billion, to the exploration of geographical markets, such as China's expected CAGR of 17.8%, the report provides a comprehensive view of the opportunities in this fast-growing industry. In an era of rapid technological advancements, our hypothesized growth rates serve as a critical tool for decision makers navigating this promising market. The material also covers the impact of the post-pandemic recovery, providing a well-rounded and timely perspective on the sector's direction.
Global UV Curing Systems Market to Reach $16.4 Billion by 2030
The global market for UV Curing Systems estimated at US$4.2 Billion in the year 2022, is projected to reach a revised size of US$16.4 Billion by 2030, growing at a CAGR of 18.8% over the analysis period 2022-2030. Mercury Lamps, one of the segments analyzed in the report, is projected to record 15.7% CAGR and reach US$7.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the UV LEDS segment is readjusted to a revised 22.3% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.2 Billion, While China is Forecast to Grow at 17.8% CAGR
The UV Curing Systems market in the U.S. is estimated at US$1.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2.8 Billion by the year 2030 trailing a CAGR of 17.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17% and 16.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 13.6% CAGR.Select Competitors (Total 46 Featured) -
- American Ultraviolet
- Atlantic Zeiser GmbH
- Baldwin Technology Co., Inc.
- Benford UV
- Delo Industrial Adhesives LLC
- Dymax Corporation
- Excelitas Technologies Corporation
- GEW (EC) Ltd.
- Hanovia Ltd.
- Heraeus Holding GmbH
- Honle Group (Honle AG)
- Hoya Corporation
- IST Metz GmbH
- Miltec UV
- Nordson Corporation
- Omron Corporation
- Panasonic Corporation
- Phoseon Technology
- Thorlabs, Inc.
- Uvitron International, Inc.
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and the publisher's Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for UV Curing Systems?
What is the growth rate of the Global Market for UV Curing Systems?
What is the forecasted size of the Global Market for UV Curing Systems?
Who are the key companies in the Global Market for UV Curing Systems?
| Report Attribute | Details |
|---|---|
| No. of Pages | 223 |
| Published | December 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 4.2 Billion |
| Forecasted Market Value ( USD | $ 16.4 Billion |
| Compound Annual Growth Rate | 18.6% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- American Ultraviolet
- Atlantic Zeiser GmbH
- Baldwin Technology Co., Inc.
- Benford UV
- Delo Industrial Adhesives LLC
- Dymax Corporation
- Excelitas Technologies Corporation
- GEW (EC) Ltd.
- Hanovia Ltd.
- Heraeus Holding GmbH
- Honle Group (Honle AG)
- Hoya Corporation
- IST Metz GmbH
- Miltec UV
- Nordson Corporation
- Omron Corporation
- Panasonic Corporation
- Phoseon Technology
- Thorlabs, Inc.
- Uvitron International, Inc.
