The Global Human Centric Lighting Market accounted for US $1.18 Bn in 2020 with a considerable CAGR of 35.9% during the forecast period of 2021 to 2028.
|Market||Human Centric Lighting Market|
|Analysis Period||2017 - 2028|
|Forecast Data||2021 - 2028|
|Segments Covered||By Offering, By Application, And By Geography|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
|Key Companies Profiled||
Signify Lighting NV, OSRAM Licht AG, Acuity Brands, Inc., Cree, Inc., Legrand SA, Hubbell Inc., Zumtobel Group AG, Wipro Enterprises (P) Ltd., Glamox AS, and Lutron Electronics Co., Inc. among others.
||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis|
10 hrs of free customization and expert consultation
Human Centric Lighting (HCL) is a comprehensive approach to studying the impact of light on humans. It's best described as artificial indoor illumination that mimics the daily outdoor rhythm of natural daylight. The solution's core concept is to imitate the effects and luminance of natural sunshine in order to increase melatonin and serotonin levels in humans. The right light at the right time can influence everything from sleep to how a person feels and perform. Human-centric lighting (HCL) is therefore advantageous for schools/colleges, healthcare facilities, offices, and industrial buildings. Thus, in the workplace and educational settings, these lighting solutions can increase concentration, safety, and efficiency.
The growing popularity of new lighting innovations and high adoption of LED lighting solutions are the primary factors driving the growth of the global human-centric lighting market. Besides, initiatives toward replacing conventional lights also drive the global human-centric lighting market growth. In addition, the growing demand for energy-efficient lighting solutions is a global human centric lighting market trend. However, high maintenance and ownership costs, and compatibility issues limit the market growth. Moreover, growth in adoption of IoT, and implementation of wireless technology for led lighting is likely to generate numerous growth opportunities in the given forecast period 2021 – 2028.
The growing demand for energy-efficient lighting solutions propels the human centric lighting industry
Lighting is widely employed in everyday life. It has a huge impact on our quality of life as well as the productivity of our workforces. Artificial illumination allows individuals to work longer hours in their homes, offices, buildings, and factories. Governments can benefit from energy-efficient lighting in a variety of ways. Lighting that is energy efficient has the lowest life-cycle cost. It may be used to boost market efficiency across a variety of products and hasten the adoption of more efficient technology. It decreases customer bills, lowers peak loading, and minimizes mercury and the amount of waste delivered to the landfill. In their marketplaces, several countries and economies promote energy-efficient lighting systems. They accomplish this through a combination of regulatory, policy, and financial processes. Argentina, Brazil, Ghana, Jordan, Ecuador, the Russian Federation, Senegal, South Africa, and Tunisia are among the countries attempting to implement such measures in their national lighting markets. With the help of the United Nations Environment Programme's United for Efficiency initiative (U4E), 48 developing and emerging countries have completed national or regional lighting efficiency initiatives. By the end of 2016, these countries will have implemented plans to phase out inefficient incandescent bulbs.
The global human centric lighting market is segmented based on offering, installation type, application, and region. Based on the offerings segment, the market bifurcates into hardware, fixtures, software, services, and controllers (sensors, drivers, microprocessors & microcontrollers, switches & dimmers, and transmitters & receivers). Based on the installation type, the segment is bifurcated into new installations and retrofit installations. Moreover, the application segment is further sub-segmented into IT and telecom, residential, enterprises & data centers, wholesale & retail, educational institutions, industrial, healthcare, and hospitality. Among the application segment, IT & telecom led the market with the utmost share in 2020 and is expected to register significant growth during the forecast timeframe 2021 – 2028.
North America region is expected to lead the global human-centric lighting market during the projected period of 2021 to 2028
Among all the regions, Europe generated the highest revenues in 2020. This is attributed to the increasing usage of intelligent light systems in healthcare and commercial segments. Besides, governmental initiatives taken for the implementation of human centric lighting and key players’ involvement are some factors that are also contributing towards the dominant growth of the European human centric lighting market. Germany occupied the largest EU market share owing to the growing awareness of human centric lights and the presence of many high-tech companies. North America stood for the second position in the global market in 2020. The market for North America is growing on account of the rapid adoption of innovative IoT and wireless communication technologies. Meanwhile, the Asia-Pacific Human Centric Lighting Market is anticipated to witness the fastest CAGR throughout the forecast period 2021 – 2028. The market for APAC is growing because of the rapid urbanization and construction activities in countries such as China and India, due to its high population ratio. Moreover, robust demand for human centric lights in newly constructed infrastructure such as hospitals, offices, and residential spaces are also likely to surge the growth of the APAC market.
This section of the report pinpoints various key vendors of the market. Some of the key players offered in the report include Signify Lighting NV, OSRAM Licht AG, Acuity Brands, Inc., Cree, Inc., Legrand SA, Hubbell Inc., Zumtobel Group AG, Wipro Enterprises (P) Ltd., Glamox AS, and Lutron Electronics Co., Inc. among others.
Market By Offering
Market By Application
Market By Geography
The estimated value of global Human Centric Lighting Market was accounted to be $13.39 Billion By 2028
The projected CAGR of human centric lighting market during the analysis period of 2021 to 2028 is 35.9%
Growing popularity of new lighting innovations, initiatives toward replacing conventional lights, and the implementation of wireless technology for led lighting are the prominent factors that fuel the growth of global Human Centric Lighting Market
Asia-Pacific region exhibited fastest growing CAGR for Human Centric Lighting during the analysis period of 2021 to 2028