The Human Centric Lighting market is driven by increasing awareness of the impact of light on human health and well-being, coupled with the growing adoption of smart home and building technologies.
Austin, July 26, 2024 (GLOBE NEWSWIRE) — The Human Centric Lighting Market Size was valued at USD 3.00 billion in 2023 and is expected to reach USD 26.31 billion by 2032 and grow at a CAGR of 27.32% over the forecast period 2024-2032.
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Increased awareness of the effects of light on human health and well-being has caused a rise in the market for human-centric lighting. The push for energy-efficient, sustainable solutions is leading to widespread usage in residential, commercial, healthcare, and educational sectors. LED technology is a key factor in this growth due to its ability to save up to 70% energy compared to standard bulbs. Additionally, the acknowledgment of the adverse impacts that traditional lighting can have on health, like causing disruptions in circadian rhythms, has increased the request for human-centered alternatives that focus on human requirements and improve efficiency.
The integration of IoT and smart controls has revolutionized the human centric lighting market, enabling personalized and adaptable lighting solutions. This technological advancement presents opportunities for businesses to develop innovative products. Wi-Fi is the dominant connectivity method for IoT, accounting for more than 30% of connections, while Bluetooth comes in second at 27%. Cellular IoT, including LTE-M and NB-IoT, is rapidly expanding, accounting for 20% of the market, driven by the replacement of older networks. China dominates cellular IoT with over 80% of connections and 64% of revenue, highlighting the diverse IoT landscape and its potential for future growth.
Human Centric Lighting Market Report Scope:
| Report Attributes | Details |
| Market Size in 2023 | USD 3 Billion |
| Market Size by 2032 | USD 26.31 Billion |
| CAGR | 27.32% by 2024-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Key Growth Drivers |
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Key Players
Some of the major players in Human Centric Lighting market are Hubbell Lighting, Acuity Brands Inc., ams-Osram AG, Schneider Electric, Cree Lighting LLC, Eaton, Fagerhults, Helvar, Legrand SA, LEDVANCE GmbH, Trilux, Lutron Electronics Co. Inc., Signify Holding, Wipro, Zumtobel, and others
Segment Analysis
In 2023, the new segment accounted for the largest market share of 67%. The growth of smart homes and the growing emphasis on enhancing the quality of residential living are the main factors driving the new adoption of HCLs. The most popular smart home integration often utilizes mobile phone apps or voice assistants to adjust settings as needed. Improving the comfort and flexibility of a home at certain times of the day also involves installing lighting that caters to human needs.
By Type
- New
- Retrofit
By Product
- Fixtures
- Services
- Controllers
- Software
Based on Product, The fixtures segment accounted for 35.59% in 2023 and became the dominating segment. Businesses are increasingly adopting HCL fixtures to enhance workplace environments. These fixtures have the capability to be set to change color temperature and light intensity at different times of the day, which could impact the mood and sleeping patterns of employees.
By Application
- Residential
- Commercial
Based on Application, commercial segment held the largest market share of 59.13% in 2023. Human-centric lighting is a game-changer in commercial settings, driving significant improvements in productivity and safety. By mimicking natural daylight, it reduces eye strain and fatigue, thereby enhancing focus and precision. This results in reduced mistakes and increased productivity. Additionally, the positive impact on employee well-being fosters a healthier and more engaged workforce, ultimately contributing to overall business success.
Regional Analysis
Europe human centric lighting market dominated with a market share of 37.90% in 2023. The main factor influencing the adoption of human centric lighting in Europe is the existence of regulatory frameworks and building standards. Additionally, efforts to improve energy efficiency have played a role in the creation of pioneering lighting solutions that focus on human needs. The UK’s dedication to sustainability and implementation of climate initiatives helps boost the lighting market. Human centric lighting is a technology that can help decrease carbon emissions and facilitate the country’s transition to a low-carbon economy. Significantly, lighting focused on humans provides substantial environmental advantages while ensuring human comfort is not sacrificed.
In 2023, North America is leading the human-centric lighting market with the highest growth rate of 27.95%. Due to the rise of smart technologies, enabling integration with IoT devices and data analytics. The focus on sustainability and energy efficiency is also a key factor, as human-centric lighting offers both energy savings and extended lifespan compared to traditional lighting options.
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Key Takeaways
- Recognize potential new markets and focus on particular customer groups.
- Obtain knowledge about customer preferences and current technology trends in order to create groundbreaking HCL products.
- Recognize possible obstacles and benefits in the HCL market.
- Create extended-term plans founded on market patterns and expansion estimates.
Table of Contents – Major Key Points
1. Introduction
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
5. Porter’s 5 Forces Model
6. Pest Analysis
7. Human Centric Lighting Market Segmentation, By Technology
8. Human Centric Lighting Market Segmentation, By Type
9. Human Centric Lighting Market Segmentation, By Application
10. Regional Analysis
11. Company Profiles
12. Competitive Landscape
13. Use Case and Best Practices
14. Conclusion
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