PUBLISHER: The Business Research Company | PRODUCT CODE: 1546505
PUBLISHER: The Business Research Company | PRODUCT CODE: 1546505
Human-centric lighting (HCL) involves lighting solutions designed to improve well-being, productivity, and comfort by addressing human biological and emotional needs. Its goal is to replicate natural daylight patterns to support circadian rhythms, regulate hormones such as melatonin and cortisol, and enhance mood, alertness, and cognitive function.
Key components of human-centric lighting include sensors, drivers, microprocessors, microcontrollers, switches, dimmers, transmitters, and receivers. New installations refer to integrating HCL systems into new buildings or facilities, involving LED bulbs, switches, sensors, and gateways among other elements in newly constructed spaces. These installations cater to various sectors such as wholesale, retail, enterprises, data centers, residential areas, educational institutions, healthcare facilities, industrial settings, and hospitality venues.
The human-centric lighting market research report is one of a series of new reports from The Business Research Company that provides human-centric lighting market statistics, including human-centric lighting industry global market size, regional shares, competitors with a human-centric lighting market share, detailed human-centric lighting market segments, market trends, and opportunities, and any further data you may need to thrive in the human-centric lighting industry. This human-centric lighting research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The human centric lighting market size has grown exponentially in recent years. It will grow from $1.72 billion in 2023 to $2.18 billion in 2024 at a compound annual growth rate (CAGR) of 27.2%. The increase during the historical period was driven by urbanization, the expansion of remote work, a growing elderly population, the emergence of smart lighting systems, and the increasing adoption of home automation solutions.
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%. Anticipated growth in the forecast period is influenced by heightened awareness of circadian rhythm benefits, a rising demand for workplace well-being initiatives, increased establishment of elderly care facilities, greater emphasis on sustainable building practices, and a growing focus on energy efficiency. Key trends in the forecast period include technological advancements, adoption of dynamic lighting scenes, light therapy solutions, advanced Internet of Things (IoT) technology, artificial intelligence (AI) and machine learning applications, and enhanced sensor technologies.
The increasing efforts to establish smart cities are anticipated to boost the growth of the human-centric lighting market. A smart city leverages advanced technology and data-driven solutions to improve the quality of life for its residents, enhance the efficiency of urban operations, and foster sustainable development. The growth of smart cities is driven by a combination of technological innovation, urban development needs, policy support, private sector involvement, and community engagement. Human-centric lighting plays a vital role in smart city development by creating urban environments that enhance residents' health, productivity, and well-being through adaptive, biologically optimized lighting systems. For example, in June 2024, the Press Information Bureau, an Indian government agency, reported significant advancements in India's smart cities mission, with 8,013 projects approved at a cost of ₹1,64,158 crore ($19.66 billion) across 100 cities. Of these, 7,157 projects have been completed, totaling ₹1,43,958 crore ($12.24 billion). Consequently, the push towards establishing smart cities will drive the human-centric lighting market.
Leading companies in the human-centric lighting market are focused on creating innovative products such as RAPID lighting control systems, which adjust lighting based on occupancy, daylight availability, and user preferences in real-time. RAPID lighting control systems are advanced technologies that optimize lighting environments using 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. This system includes advanced sensors that monitor real-time occupancy and daylight levels, allowing precise adjustments in lighting intensity and color temperature. This ensures optimal lighting conditions tailored to individual preferences, promoting a comfortable and productive environment.
In December 2022, Legrand, known for its expertise in electrical and digital building infrastructure, acquired Encelium for an undisclosed amount. This acquisition allows Legrand to expand its portfolio of smart lighting and building management systems (BMS) solutions and strengthen its position in the commercial lighting control solutions market. Encelium, a Canada-based company, specializes in manufacturing advanced lighting control systems.
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, Schreder Group, Beghelli S.p.A., Helvar Ltd., Delta Light NV, GE Lighting, Xicato Inc., OMS Lighting, Herbert Waldmann GmbH & Co. KG.
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.
The countries covered in the human centric lighting market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The human-centric lighting market consists of revenues earned by entities by providing services such as consultation and assessment, design and customization, installation and integration, and performance monitoring and reporting. The market value includes the value of related goods sold by the service provider or included within the service offering. The human-centric lighting market also includes sales of dynamic lighting controls, biodynamic lighting systems, lighting management systems (LMS), occupancy and daylight sensors, and lighting design software. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Human Centric Lighting Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on human centric lighting market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for human centric lighting ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The human centric lighting market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.