Global Human Centric Lighting Market is expected to foresee significant growth. Europe to lead the growth!

Comments · 82 Views

The global Human centric lighting market is expected to grow at a CAGR of around 30 % during the period 2021-2027.

The global Human centric lighting market is expected to grow at a CAGR of around 30 % during the period 2021-2027. The Human Centric Lighting market demand is increasing at an influential rate over the years and is expected to witness extensive growth during the forecasted period as well. As working conditions have a powerful effect on the health of individuals and bad lighting had a significant impact on productivity, errors, health problems, absenteeism, accidents, staff motivation, and retention rate. Moreover, factors that are positively impacting the market size of human-centric lighting are increasing demand for energy-efficient lighting systems in various sectors, including residential, commercial, retail, hospitality, and public infrastructure is driving the human-centric lighting industry expansion.

In addition, LEDs and various tunable fixtures used in these systems consume less power compared to conventional halogen & incandescent lamps, enhancing the adoption of these systems. Along with energy efficiency features, these lights also offer compatibility with circadian rhythms and lower harmful impacts on visual & non-visual health.

 For a detailed analysis of the Global Human centric lighting Market browse through -

Based on the offering, the human-centric lighting market is classified into hardware (fixtures, controllers), software, and services. The hardware segment caters to extensive market share in the human-centric lighting market. Hardware components, such as controllers & fixtures, are witnessing a high demand owing to visual benefits and technical advancements.

Based on the installation, the human-centric lighting market is bifurcated into new installations and retrofit installations. The retrofit installation segment acquired a considerable market share in the human-centric lighting market. It is mainly due to the rising consumer awareness regarding the importance of having adequate illumination. Lighting systems may create different psychological effects on customers working in the commercial sector.

Based on application, the human-centric lighting market is segmented into wholesale & retail, enterprises & data centers, residential, educational institutions, healthcare, industrial, and hospitality. The wholesale & retail segment is expected to account for a significant market share in the forecast period. Commercial sites such as banks, retail stores, and restaurants are likely to contribute significantly to the segmental growth during the assessment timeframe. Adoption of these systems in such places facilitates a healthy sleep-wake cycle among employees that helps in retaining focus by providing a cool blue light in the morning.

Request for a sample of the report browse through -

For a better understanding of the market adoption of the Human centric lighting industry, the market is analyzed based on its worldwide presence in the countries such as North America (US, Canada, Rest of North America); Europe (Germany, UK, Spain, Italy, France, Rest of Europe); Asia Pacific (China, India, Australia, Japan, Rest of APAC); Rest of the World. Europe is expected to hold a significant market share in the forecast period owing to the growing installation of smart light systems in healthcare and commercial segments. Healthcare facilities and elderly care residences are implementing body dynamic lighting solutions to provide better environments and gain health-related benefits, enhancing the market representation. Hence, soaring the market size of human-centric lighting in Europe.

Some of the major players operating in the human centric lighting market include Signify Lighting NV, OSRAM AG, Acuity Brands, Inc., Cree, Inc., Legrand SA , Hubbell Inc. , Lutron, Electronics Co., Inc., Zumtobel Group AG, Philips NV, Wipro Enterprises Ltd.

Global Human centric lighting Market Segmentation

Market Insight, by Offering

·        Hardware

o  Fixtures

o  Controllers

·        Software

·        Services

Market Insight, by Installation

·        New Installations

·        Retrofit Installations

Market Insight, by Application

·        Wholesale & Retail

·        Enterprises & Data Centers

·        Residential

·        Educational Institutions

·        Healthcare

·        Industrial

·        Hospitality

Market Insight, by Region

·        North America

o  U.S.

o  Canada

o  Rest of North America

·        Europe

o  Germany

o  France

o  Spain

o  Italy

o  United Kingdom

o  Rest of Europe

·        Asia-Pacific

o  China

o  India

o  Australia

o  Japan

o  Rest of Asia-Pacific

·        Rest of the World

Top Company Profiles

•      Signify Lighting NV

•      OSRAM AG

•      Acuity Brands, Inc.

•      Cree, Inc.

•      Legrand SA

•      Hubbell Inc.

•      Lutron Electronics Co., Inc.

•      Zumtobel Group AG

•      Philips NV

•      Wipro Enterprises Ltd.