Companies profiled in UV Curing System market report are Dymax (US), Nordson (US), Baldwin Technology (US), Heraeus (Germany), Phoseon (US), Honle (Germany), Panasonic Corporation of North America (US), Delo (Germany), IST METZ (US), and American Ultraviolet (US). This report also covers the following prominent players: Omron (Japan), Excelitas (US), Uvitron (US), Atlantic Zeiser (Germany), Benford UV (Shire county), GEW (EC) (England), Hanovia (UK), Miltec UV (US), Thorlabs (US), and Hoya (Japan)
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The UV curing system market was valued at USD 3.28 Billion in 2018 and is expected to reach USD 5.45 Billion by 2023, at a CAGR of 10.66% between 2018 and 2023. Major drivers for the growth of the UV curing system market are environmental awareness and stringent regulation; and low curing time and better performance compared to traditional curing systems.
- Raw material suppliers
- Original equipment manufacturers (OEMs)
- OEM technology providers
- Technology, service, and solution providers
- Intellectual property (IP) core and licensing providers
- Suppliers and distributors
- Government and other regulatory bodies
- Forums, alliances, and associations
- Technology investors
To estimate the size of the UV curing system market, top-down and bottom-up approaches have been considered in the study.
This entire research methodology includes the study of annual and financial reports of top players, presentations, press releases, journals, paid databases, associations such as RadTech Europe Secretariat, UV LED Curing Community, Radtech International, The International Ultraviolet Association (IUVA), UV LED Curing Association, LED-UV Association, and interviews with industry experts.
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UV curing systems are mainly used In medical, consumer electronics, and industrial verticles. UV curing system has also been segmented on the basis of type into spot cure, flood cure, and focused beam.
On the basis of technology, this market has been segmented into mercury lamp and UV LED. UV curing system covers the following pressure type: high, medium, and low.
This report also covers the following application: bonding and assembling; printing; coating and finishing; disinfection; and others. The market has been segmented, on the basis of region, into North America, Europe, APAC, and RoW.
Breakdown of Profiles of Primary Participants
- By Company Type: Tier 1—55%, Tier 2—25%, and Tier 3—20%
- By Designation: Directors—50%,Managers—20%, Vice Presidents—25%,and Others—5%
- By Region: North America—40%, APAC—15%, Europe—35%, and RoW—10%
High pressure for UV curing systems held the largest market share owing to its high intensity wavelength used to cure deep layer in major revenue generating industries such as automotive, industrial, and consumer electronics in UV curing system market. Furthermore, high-pressure lamps offer benefits, such as longer lamp life, less power input, and greater efficiency, compared to low- and medium-pressure lamps.
Moreover, the increasing demand for low-power high-output (LPHO) lamps will further drive the UV curing system market.
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The UV curing system market in RoW is expected to grow rapidly between 2018 and 2023. Increasing awareness about benefits of the UV curing technology is fueling the growth of the UV curing market in the region.
The key restraining factor for this market is the limited depth of curing. Risks related to mercury present in UV mercury lamps are a major challenge for the market.
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