USD 1.59 Billion
Human Centric Lighting Market Size, Share, Growth Analysis, By Type(New and Retrofit), By Application(Wholesale Retail, Enterprises, Residential, Industrial), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45K2065 |
Region:
Global |
Published Date: March, 2024
Pages:
197
|Tables:
65
|Figures:
77
Human Centric Lighting Market Insights
Global Human Centric Lighting Market size was valued at USD 1.59 Billion in 2022 and is poised to grow from USD 2.01 Billion in 2023 to USD 13.04 Billion by 2031, at a CAGR of 26.34% during the forecast period (2024-2031).
Huge growth opportunities for the market for human-centric lighting are presented by developments in wireless communication technology for smart lighting systems, an increase in smart city initiatives, and the growth of IoT technology for ambient lighting. The cost of warm white LED bulbs per kilolumen is anticipated to decrease in the US from USD 1.7 to USD 0.3 by 2025, according to the US Department of Energy. Around the world, demand is being driven by LEDs' reduced power usage and favourable environmental effects. Approximately 6% of the world's CO2 emissions are attributed to lighting, and the climate group estimates that switching to energy-efficient LEDs will prevent the construction of 1,250 power plants and save 1,400 million tonnes of CO2. In addition, with the rise of smart cities, emerging nations are experiencing increasing urbanisation.
The key drivers of the growth of the human-centric lighting market are rising demand for energy-efficient lighting solutions, high adoption of LED lighting solutions due to rising demand for human-centric lighting, initiatives to create smart cities driving demand for human-centric solutions, and others. The development of the market for human-centric lighting is constrained by compatibility problems and high installation costs that present obstacles to lighting controls.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
New
Fastest Growth
New
Growth Rate
26.34% CAGR
Global Human Centric Lighting Market ($ Bn)
Country Share for Asia-Pacific Region (%)
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Human Centric Lighting Market Segmental Analysis
Global Human Centric Lighting Market is segmented on the basis of offering, type, application and region. By offering, the market is segmented into hardware, fixtures, controllers, software, services. By type, the market is segmented into retrofit and new. By application, the market is segmented into wholesale retail, enterprises, residential, industrial, healthcare, education, commercial. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Human Centric Lighting Market Analysis by Offering
The hardware segment is the largest segment of the HCL market. This is because there is a growing market for lighting products that use less energy. LED light bulbs are the most popular type of HCL hardware. They are energy-efficient, long-lasting, and dimmable. Fixtures are also an important part of the HCL market. They can be used to create different lighting moods and effects. Controllers are used to control the brightness, color, and other aspects of HCL systems.
From 2022 through 2030, the services sector is predicted to increase significantly. The market for services is expanding primarily due to the increased use of lighting services and products that are focused on the needs of people in order to save money, minimize energy use, and protect the environment. Furthermore, the strong demand for engineering, consulting, and analytical services relating to human-centric lighting among end users is attributed to this growth. The implementation of human-centric lighting systems requires services both before and thereafter. The key services offered by market participants in the human-centric lighting space are design and engineering, installation, and post-installation services. The anticipated high rate of smart lighting system adoption for energy conservation and environmental safety during the projected period is primarily responsible for the market expansion for services related to human-centric lighting in the upcoming years.
Human Centric Lighting Market Analysis by Application
The residential area is anticipated to experience the highest growth rate among all the segments currently in use. In comparison to other application areas, domestic lighting is where human-centric lighting is most commonly used. Incandescent, halogen, fluorescent, and LED lighting systems make up the home lighting market. Utilization of incandescent bulbs is prohibited in nations including Switzerland, Brazil, Venezuela, and Russia. In addition, the market for this light source is expanding due to growing knowledge regarding the installation of LEDs. Recessed, surface-mounted, hanging, and track lights are a few of the several fixtures used in the residential market. The home market mostly employs surface-mounted and recessed lighting. The market for smart and decorative lighting is expanding as a result of factors such as continued technical development, rising consumer preferences for better interior design, and growing need for energy-efficient lighting. This explains why there will be a rise in the demand for home lighting solutions globally, which will fuel the expansion of the market for human-centric lighting.
In 2022, the market for human-centric lighting was growing by commercial applications segment, accounting for over 45% of the market. Through 2027, commercial applications such as offices, banks, shops, malls, and restaurants will grow at a rapid CAGR. The use of human-centric lighting in commercial settings improves occupant mood and focus while also producing natural light effects and increasing industrial statistics. The market demand for human-centric lighting solutions is being supported by employers and retailers throughout the world who are focused on improving the work and retail environments to promote human welfare and obtain cost and productivity benefits.
Global Human Centric Lighting Market By Type
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Human Centric Lighting Market Regional Insights
In 2022, the smart lighting market in APAC was worth 22.34% of the total market. The market for human-centric lighting is anticipated to develop at the quickest rate during the anticipated period in APAC. APAC has tremendous growth potential for the human-centric lighting industry, and consumers are expected to accept these systems as essential components of the digitalized home. The expansion of the human-centric lighting market in APAC is greatly aided by the rising construction activity there. There will certainly be a number of new opportunities for energy-efficient lighting and home automation in this region over the next few years due to the anticipated building of 200 million dwellings in China and 18 million homes in India. The human-centric lighting market in China is anticipated to be driven by the country's expanding economy, which increases the demand for lighting systems. In the next few years, Japan will overtake China as the second-largest market in APAC for human-centric lighting. The development initiatives in APAC are supported by the region's expanding population and demand for housing infrastructure. This has increased demand for human-centered lighting in the area.
Europe is one of the growing regions where human-centric lighting practices have been acknowledged and adopted. The country with the biggest market share in this area is Germany. Legrand (France) and OSRAM (Germany) are a couple of the major businesses in this area that provide lighting and control devices. The region's market for human-centric lighting is expanding as a result of the high living standards of the population. In Western European nations, the need for energy-efficient lighting products and technology is on the rise. Additionally, the country's hospitality industries, historical structures, and architectural landmarks are fueling a demand for cutting-edge lighting solutions.
Global Human Centric Lighting Market By Region
- Largest
- Fastest
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Human Centric Lighting Market Dynamics
Human Centric Lighting Market Drivers
Regulations and standards promoting lighting quality
- Governments and regulatory bodies in many countries are implementing regulations and standards to promote lighting quality and energy efficiency. These regulations often include guidelines for lighting systems that prioritize human well-being, productivity, and health. Compliance with such regulations is driving the adoption of HCL systems, as they offer lighting solutions that meet these quality and efficiency requirements.
Increasing demand for employee well-being and productivity
- Employers are recognizing the impact of lighting on employee well-being, productivity, and satisfaction. HCL systems can create lighting environments that promote alertness, reduce fatigue, and enhance concentration, leading to improved work performance. As organizations prioritize employee well-being and productivity, the demand for HCL systems in office spaces, factories, and other work environments is increasing.
Human Centric Lighting Market Restraints
Regulatory barriers
- In some regions, regulations and standards may not specifically address the requirements or benefits of HCL systems. Existing regulations and codes may not adequately account for the specific characteristics and benefits of HCL technology. This lack of specific guidelines or regulations related to HCL can create uncertainty for both manufacturers and end-users, affecting market growth.
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Human Centric Lighting Market Competitive Landscape
The players in the HCL market are focusing on research and development to introduce advanced lighting technologies, enhance energy efficiency, and improve user experience. They are also investing in strategic partnerships, collaborations, and acquisitions to expand their product portfolios and geographic presence.
Human Centric Lighting Market Top Player’s Company Profiles
- Signify N.V. (Netherlands)
- Acuity Brands, Inc. (United States)
- Zumtobel Group AG (Austria)
- OSRAM GmbH (Germany)
- Cree, Inc. (United States)
- Hubbell Incorporated (United States)
- Fagerhult Group (Sweden)
- Eaton Corporation plc (Ireland)
- Helvar (Finland)
- Glamox AS (Norway)
- Waldmann GmbH & Co. KG (Germany)
- Thorn Lighting Ltd. (United Kingdom)
- Schréder Group (Belgium)
- Trilux GmbH & Co. KG (Germany)
- Lutron Electronics Co., Inc. (United States)
- Legrand S.A. (France)
- Coolon LED Lighting (Australia)
- ERCO GmbH (Germany)
- Ligman Lighting Co., Ltd. (Thailand)
- Nualight Limited (Ireland)
- Zumtobel Lighting GmbH (Austria)
- LEDVANCE GmbH (Germany)
Human Centric Lighting Market Recent Developments
- In March 2023, Cree Inc. announced the launch of its new HCL product line, called the Cree Connected Lighting. The Cree Connected Lighting is a suite of HCL products that can be controlled using a smartphone or tablet.
- In February 2023, Acuity Brands Inc. announced the acquisition of Zumtobel Group. Zumtobel is a leading provider of HCL solutions in Europe. The acquisition will help Acuity Brands to expand its presence in the European HCL market.
- In January 2023, Signify Lighting NV announced the launch of its new HCL product line, called the Philips Hue Go. The Philips Hue Go is a portable HCL lamp that can be used to create different lighting moods in any room.
Human Centric Lighting Key Market Trends
Focus on circadian lighting
- Circadian lighting is a key trend in the HCL market. It involves designing lighting systems that mimic the natural progression of light throughout the day to support the body's circadian rhythm. Manufacturers are developing lighting solutions that provide dynamic changes in colour temperature and intensity, aligning with the natural daylight cycle. Circadian lighting aims to enhance sleep quality, improve alertness, and regulate the body's physiological processes.
Rise in awareness regarding health and well-being among people
-
The increase in awareness regarding the impact of light on human health acts as a major factor for the growth of the market. Circadian lighting enhances the health, well-being and productivity of individuals by aligning artificial lighting with the body's circadian rhythms and natural light patterns. In addition, the researchers also highlight the importance of human-centric lighting for individuals, which propels the growth of the market.
Human Centric Lighting Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analyses, the global Human Centric Lighting (HCL) market is experiencing significant growth and is poised for further expansion in the coming years. HCL refers to lighting solutions that are designed to enhance human well-being, productivity, and health by replicating natural light patterns and optimizing lighting conditions. The market is driven by several factors, including the growing awareness of the impact of light on human health, the shift towards healthier and more sustainable lighting solutions, and increasing demand for employee well-being and productivity. The awareness has led to a greater emphasis on creating lighting environments that mimic natural light and support the body's circadian rhythm, leading to increased demand for HCL systems. The global Human Centric Lighting market is poised for continued growth as the demand for lighting solutions that prioritize human health and well-being increases. Ongoing research and development efforts, advancements in lighting technology, and collaborations between manufacturers, designers, and researchers will further drive innovation and adoption in the HCL market. With its potential to positively impact human lives, the HCL market is expected to play a significant role in the future of lighting design and application.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 1.59 Billion |
| Market size value in 2031 | USD 13.04 Billion |
| Growth Rate | 26.34% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Human Centric Lighting Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Human Centric Lighting Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Human Centric Lighting Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Human Centric Lighting Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Human Centric Lighting Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Human Centric Lighting Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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