Press Release

Human Centric Lighting Market is Expected to be Dominated by Europe Until 2028

The benefits of human centric lighting and increased adoption of solid-state lighting are expected to drive the global human centric lighting market during the forecast period of 2024-2028.

 

According to TechSci Research report, “Human Centric Lighting Market – Global Industry Size, Share, Trends, Opportunity, and Forecast. 2018–2028,” the Global Human Centric Lighting Market is anticipated to register a robust growth during the forecast period, 2024-2028 due to the factors, such as the increase in need for energy-efficient lighting, development of smart lighting system and high usage of LED lighting solutions. The development of technologies that operate on less power is on high demand as maximum systems are electronic or electrical and operate on power and energy sources. The depletion of these energy sources has increased the development of energy efficient systems. Human centric LED fixtures use substantially less power than other forms of lighting, helping to cut energy bills and contribute to carbon-sensitive goals. In addition, they radiate very little heat and last far longer than alternative forms of illumination.

However, high installation and maintenance costs are a major restraint to the global market growth. In addition, rising adoption of wireless technology for lighting systems is expected to create opportunities for the human centric lighting industry. Wireless technology enables easy access to the lighting system and also proves to be a cost-effective solution. Smart lighting platforms under wireless technology help maintain lighting temperature and luminance. Attributed to this, the demand for wireless technology in lighting systems is creating huge opportunities for the global human centric lighting market.


 

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Global Human Centric Lighting Market.”


 

The global human centric lighting market is segmented into offering, installation type, application, component type, region, and competitive landscape. Based on offering, the market is segmented into hardware, software, and services. Based on installation type, the market is segmented into new installations, and retrofit installations. Based on application, the market is segmented into Retail, Enterprises, Residential, Industrial, Healthcare, Education, Hospitality . Based on component type, the market is segmented into sensors, drivers, switches & dimmers.

Based on offering, services segment dominated in the global human centric lighting market in 2022. The growth of the market for services is mainly attributed to the increasing use of human-centric lighting solutions and lighting services to lower the cost and decrease the energy consumption and to maintain environmental safety. Moreover, this growth is ascribed to strong demand for engineering, consulting, and analytical services related to human-centric lighting among end users. Services play an essential role before and after the installation of human-centric lighting systems. The three primary services offered by market players in the human-centric lighting market are design and engineering, installation, and post-installation services (maintenance, support, and monitoring services). The estimated high rate of adoption of smart lighting systems for energy saving and ecological safety over the forecast period is primarily responsible for the growth of the human-centric lighting market for services in the upcoming years.

Based on installation type, new installations segment dominated in the global human centric lighting market in 2022. The growing infrastructure and smart city developments will generate the demand for lighting solutions installations. In this type of installation, a completely new human-centric lighting solution, which includes new-generation LED drivers and ballasts, sensors, switches, dimmers, and gateways, is installed. Unlike the retrofit installation type, which refers to the partial replacement of lighting controls and management systems, in a new installation type, a traditional lighting system is completely replaced with new lights and fixtures.

Based on region, Europe dominates in the global human centric lighting market. The market demand in this region is due to the increasing transformation of educational, healthcare, and commercial facilities in the region. Infrastructure refurbishment in the European countries is attributed to the high focus on providing healthy & well-illuminated building environments. Moreover, European countries are cold throughout the year and have less exposure to sunlight, creating an impact on human health and creating a need for human-centric lighting solutions. These natural lighting conditions compel the commercial and healthcare sectors to adopt body dynamic light solutions to support the visual health of the occupants. Additionally, Europe is experiencing various research & product development activities due to the presence of several major players followed by high consumer awareness.


Major market players operating in the global human centric lighting market are:

  • Philips Lighting N.V.
  • Osram Licht AG
  • Zumtobel Group
  • Hubbell Incorporated
  • Arcluce S.p.A.
  • Fagerhult AB
  • Herbert Waldmann GmbH & Co. KG
  • Glamox Luxonic Limited
  • Es-System S.A.
  • CoeLux S.r.l.

 

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“The prominent factors that impact the human centric lighting market growth are the rise in demand for energy-efficient lighting, rapid development of smart lighting system, and widespread use of LED lighting solutions. However, high installation and maintenance costs limit market growth. On the other hand, rising adoption of wireless technology for lighting systems is expected to create lucrative opportunities for the market. Therefore, it is anticipated that these factors will certainly have an impact on the worldwide market for human-centric lighting throughout the projected period.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Human Centric Lighting Market- Global Industry Size, Share, Trends, Opportunities, and Forecast, 2018-2028 Segmented By Offering (Hardware, Software, Services), By Installation Type (New Installations, Retrofit Installations), By Application (Retail, Enterprises, Residential, Industrial, Healthcare, Education, Hospitality), By Component Type (Sensors, Drivers, Switches & Dimmers), By Region, Competition,” has evaluated the future growth potential of global human centric lighting market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global human centric lighting market.


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