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

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).

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. '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)'

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.

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.

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.