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 low 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 short lifetime while difficult to control wavelengths arising fr Read more...
A vacuum interrupter uses electrical contacts in a vacuum. It primarily helps in preventing accidents and damages of electrical equipment. They have applications in utility, oil & gas, and transportation industries as they require a continuous power supply. The utility sector has a significant market share. Increasing construction and development activities of the government in the developing countries is boosting its market. Increasing concern towards nature has shifted the market towards gas-f Read more...
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$51.322 billion in 2018. The light-emitting diode (LED) emits light when an electric current passes through it. Energy efficiency and a longer lifespan is a key factor attributing to the growth of the visible LED lighting market. Visible LED has several applications in electronic devices, automobiles, and lighting. The rapid increase in Read more...
Photointerrupter, also known as optointerrupter is a transmission-type photosensor, which typically consists of a light-emitting elements and light receiving elements aligned facing each other in a single package that works by detecting light blockage when a target object comes between both elements, acting as an optical switch. Photointerrupter is a non-contact(optical) switch that improves reliability by preventing wear-and-tear due to abrasion. Gallium arsenide Infrared LEDs are the most comm Read more...
The LED horticulture market is projected to grow at a CAGR of XX.XX% to reach US$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...
The global LED lighting market is peojected to expand at a CAGR of 10.73% over the forecast period to grow to US$101.900 billion by 2024 from US$55.282 billion in 2018. The growing focus on reducing power consumption globally is significantly driving the demand for LED lighting solutions. The recent reduction in the prices of LED lighting products Read more...
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