The global mini-LED market is expected to grow at a compound annual growth rate of 73.28% over the forecast period to reach a market size of US$1,063.574 million in 2026 from US$39.290 million in 2020. The market is expected to surge in the coming years, because of the rise in the demand for consumer electronics products, growth in the automotive sector, and other related applications. Major companies have been investing a significant sum of capital to develop novel and advanced mini-LED so Read more...
UV LED curing market is projected to grow at a CAGR of 11.35% during the forecast period, reaching a total market size of US$166.402 million in 2024 from US$87.296 million in 2018. UV curing systems is a photochemical process in which high-intensity ultraviolet light is used to instantly cure or dry the inks, adhesives or coatings. The UV curing process is based on a photochemical reaction, using light instead of heat. UV LED Curing is one of the types of UV curing. UV LED curing generates lo Read more...
LED horticulture lighting market is projected to grow at a CAGR of 33.04% during the forecast period, reaching a total market size of US$7.989 billion in 2024 from US$1.441 billion in 2018. Horticulture is a segment of agriculture in which plants are cultivated on a smaller scale and in a more controlled manner. Other artificial light sources such as fluorescent lamps, high-pressure sodium, and metal-halide are inefficient and have a short life while difficult to control wavelengths arising from Read more...
The vacuum interrupter market is projected to grow at a CAGR of 5.54% to reach US$2,132.436 million by 2025, from US$1,543.027 million in 2019. Vacuum interrupter is essentially used in utility power transmission systems, power generation units, and power distribution systems across several industries such as railways, industrial plants. It is a vacuum sealed-off device incorporated in a vacuum circuit breaker to cause interruption of fault currents. Read more...
The visible LED market is projected to grow at a CAGR of 12.48% during the forecast period, reaching a total market size of US$103.936 billion in 2024 from US$51.322 billion in 2018. The light-emitting diode (LED) emits light when an electric current passes through it. Energy efficiency and a longer lifespan is a key factor attributing to the growth of the visible LED lighting market. Visible LED has several applications in electronic devices, automobiles, and lighting. The rapid increase Read more...
Photointerrupter, also known as optointerrupter is a transmission-type photosensor, which typically consists of a light-emitting elements and light receiving elements aligned facing each other in a single package that works by detecting light blockage when a target object comes between both elements, acting as an optical switch. Photointerrupter is a non-contact(optical) switch that improves reliability by preventing wear-and-tear due to abrasion. Gallium arsenide Infrared LEDs are the most comm Read more...
The global Infrared LED market was valued at US$473.699 million in 2018 and is expected to grow at a CAGR of 12.73% over the forecast period to reach a total market size of US$901.000 million by 2024. An infrared LED is a solid-state lighting device that emits light in the infrared range of the electromagnetic radiation spectrum. Infrared LED has several uses in different industries. Infrared is used in CCTV cameras owing to its night vision feature. With the huge demand for CCTV for securi Read more...
The LED horticulture market is projected to grow at a CAGR of XX.XX% to reach US$XX.XXX billion by 2023, from US$XX.XXX billion in 2017.As per horticulture research, radiation at some relatively narrow spectral bands drives photosynthesis process by optimising chlorophyll absorption. As scientists continue to match monochromatic spectrum to different plants and stages of growth, LED manufactures are tapping into the rapidly growing horticulture lighting market. Use of LEDs to grow herbs, fruits, Read more...
Livestock Grow Lights Market is expected to witness a CAGR of 6.52% over the forecast period to reach US$7,043.758 million in 2024 from US$4,822.797 million in 2018. The rising adoption of smart livestock farming practices is one of the major drivers of livestock grows lights market. Livestock grows lights are used for the growth and to provide ani Read more...
The LED chip market is projected to grow at a CAGR of 9.73% during the forecast period to reach a market size of US$15.594 billion in 2024 from US$8.933 billion in 2018. Growing adoption of energy-efficient lighting is the major driver of the LED chip market. Supportive government policies and incentives to boost the usage of LED lights is further Read more...
