What Is The Overview Of The Global Human Centric Lighting Market?
Human-centric lighting (HCL) refers to lighting solutions designed to enhance well-being, productivity, and comfort by considering humans' biological and emotional needs. It aims to mimic natural daylight cycles to support circadian rhythms, regulate hormones such as melatonin and cortisol, and improve overall mood, alertness, and cognitive function.
Human Centric Lighting Global Market Report 2024 provides data on the global human centric lighting market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The human centric lighting market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
What Projections Can We Expect For The Size And Growth Rates Of The Global Human Centric Lighting Market?
The human-centric lighting market has grown rapidly, from $1.72 billion in 2023 to $2.18 billion in 2024, marking an exceptional CAGR of 27.2%. This growth is driven by urbanization, increased remote work, an aging population, smart lighting system adoption, and the growing popularity of home automation solutions. By 2028, the market is expected to reach $5.75 billion at a CAGR of 27.4%, propelled by heightened awareness of circadian rhythm benefits, workplace well-being initiatives, a growing number of elderly care facilities, green building practices, and an emphasis on energy efficiency. Key trends include dynamic lighting scenes, therapeutic lighting solutions, advanced IoT integration, AI and machine learning applications, and enhanced sensor technologies.
What Are The Core Factors Supporting Growth In The Human Centric Lighting Market?
The expanding initiatives to establish smart cities are expected to drive the human-centric lighting market. Smart cities use advanced technology and data-driven solutions to improve residents' quality of life, enhance urban operations, and promote sustainability. The growth of smart cities is supported by technological innovation, policy initiatives, urban development needs, and private sector involvement. Human-centric lighting, which supports health, productivity, and well-being through adaptive lighting systems, is an integral part of smart city development. For instance, in June 2024, the Press Information Bureau reported that India’s smart city mission has progressed significantly, with 8,013 projects approved at a cost of ?1,64,158 crore ($19.66 billion), of which 7,157 projects have been completed. Thus, the drive towards smart cities is expected to support the human-centric lighting market.
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What Are The Major Segments Within The Global Human Centric Lighting Market?
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
Which Trends Are Expected To Transform The Human Centric Lighting Market?
The human-centric lighting industry is innovating with real-time lighting control systems tailored to user needs. These systems optimize lighting by monitoring occupancy, daylight, and individual preferences. In May 2021, Legrand, a French infrastructure company, introduced the Circadian Lighting Control within its Rapid Lighting Control System. Advanced sensors enable precise adjustments to lighting intensity and color temperature, ensuring comfort and productivity.
What Is The Fastest Growing Region In The Human Centric Lighting Market?
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.
