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In recent years, UV LED's market scale has been increasingly rising because of the following reasons. First, UV LED's power output grows considerably with its technologies being redeveloped. Next, UV LED has a longer lifespan, smaller size, more uniform light distribution, and it saves more energy. Thirdly, most countries ratified the Minamata Convention on Mercury in 2013 and approved energy saving policies.
In recent years, UV LED's market scale has been significantly rising because of the reasons below. First, UVLED's power output grows considerably with its technologies being redeveloped. Next, UV LED has a longer lifespan, smaller size, more uniform light distribution, and it saves more energy. Thirdly, most countries ratified the Minamata Convention on Mercury in 2013 and approved energy saving policies. The final deadline that mercury will be prohibited globally from being used is 2020, less than three years from now. Many markets, including Japan, China and European countries, need UV LEDs to replace their mercury UV lamps. UV LEDs are increasingly used in various applications.
According to LEDinside's 2017 UV LED & UV LED Module Market Report, UV LED's market value is predicted to grow to USD 288 million by 2017, and rise to USD 526 million by 2020. The compound annual growth rate (CAGR) from 2015 to 2020 will reach 34%.
Therefore, we can say UV LED is a segment that enlarges rapidly as LED companies worldwide are increasing related investments. LEDinside gathers a series of UV LED events and technology advancements in 2017.
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