Industry

Human Centric Lighting Market Report 2024 – Human Centric Lighting Market Size, Share And Trends | Eaton Corporation, Legrand, Signify, Hubbell Incorporated

The human centric lighting market size is expected to see exponential growth in the next few years. It will grow to $5.75 billion in 2028 at a compound annual growth rate (CAGR) of 27.4%. The growth in the forecast period can be attributed to increasing awareness of circadian rhythm benefits, rising demand for workplace well-being initiatives, increasing establishments of elderly homes, increasing focus on green building practices, and growing focus on energy efficiency. Major trends in the forecast period include technological advancements, the adoption of dynamic lighting scenes, light therapy solutions, advanced Internet of Things technology, artificial intelligence and machine learning, and advanced sensors.

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Scope Of Human Centric Lighting Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Human Centric Lighting Market Overview

Market Drivers –
The increasing initiatives towards establishing smart cities are expected to propel the growth of the human-centric lighting market. A smart city is an urban area that uses advanced technology and data-driven solutions to enhance the quality of life for its residents, improve efficiency in urban operations, and promote sustainable development. The growth of smart cities is driven by a convergence of technological innovation, urban development needs, policy support, private sector involvement, and community engagement. Human-centric lighting is a crucial component of smart city development, helping to create urban environments that support residents’ health, productivity, and overall well-being through adaptive, biologically optimized lighting systems. For instance, in June 2024, according to the Press Information Bureau, an Indian-based government agency, the smart cities mission in India has achieved significant advancements in 100 cities, with a total of 8,013 projects approved at a cost of ₹1,64,158 crore ($19.66 billion), of these, 7,157 projects have been completed, amounting to ₹1,43,958 crore ($12.24 billion). Therefore, increasing initiatives towards establishing smart cities will drive the human-centric lighting market.

Market Trends –
Major companies operating in the human-centric lighting market are focused on developing innovative products, such as RAPID lighting control systems, and adjusting lighting based on occupancy, daylight availability, and user preferences in real-time. Responsive artificial intelligence platforms for intelligent lighting design (RAPID) lighting control systems are advanced technologies designed to optimize lighting environments based on real-time data and user needs. For instance, in May 2021, Legrand, a France-based company specializing in building infrastructure and electrical work, introduced Circadian Lighting Control as part of their Rapid Lighting Control System. The system integrates advanced sensors that monitor real-time occupancy and daylight levels, enabling precise lighting intensity and color temperature adjustments. This capability ensures optimal lighting conditions tailored to individual preferences, promoting a comfortable and productive environment.

The human centric lighting market covered in this report is segmented –
1) By Component: Sensors, Drivers, Microprocessors And Microcontrollers, Switches And Dimmers, Transmitters And Receivers
2) By Installation Type: New Installations, Retrofit Installations
3) By Application: Wholesale And Retail, Enterprises And Data Centers, Residential, Educational Institutions, Healthcare, Industrial, Hospitality

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Regional Insights –
North America was the largest region in the human centric lighting market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the human centric lighting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Key Companies –
Major companies operating in the human centric lighting market are Eaton Corporation, Legrand, Signify, Hubbell Incorporated, Acuity Brands Inc., Osram GmbH, Zumtobel Group AG, LEDVANCE GmbH, Seoul Semiconductor Co. Ltd., Fagerhult Group, Trilux GmbH & Co. KG, Lutron Electronics Co. Inc., Cree Lighting, ERCO GmbH, Schréder Group, Beghelli S.p.A., Helvar Ltd., Delta Light NV, GE Lighting, Xicato Inc., OMS Lighting, Herbert Waldmann GmbH & Co. KG

Table of Contents
1. Executive Summary
2. Human Centric Lighting Market Report Structure
3. Human Centric Lighting Market Trends And Strategies
4. Human Centric Lighting Market – Macro Economic Scenario
5. Human Centric Lighting Market Size And Growth
…..
27. Human Centric Lighting Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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