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 growth in the historic period can be attributed to the rise in urbanization, rise in remote work, growth in the aging population, emergence of smart lighting systems, and growing 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%. The growth in the forecast period can be attributed to increasing awareness of circadian rhythm benefits, rising demand for workplace well-being initiatives, establishment of elderly homes, increased focus on green building practices, and emphasis on energy efficiency. Major trends in the forecast period include technological advancements, adoption of dynamic lighting scenes, light therapy solutions, advanced Internet of Things technology, artificial intelligence and machine learning, and advanced sensors.
Global Human Centric Lighting Market Key Driver
The expansion of smart city initiatives is expected to boost the human-centric lighting market. Smart cities leverage advanced technology and data-driven solutions to improve residents' quality of life, urban efficiency, and sustainability. Human-centric lighting plays a vital role in these developments by providing adaptive, biologically optimized lighting that supports health, productivity, and well-being. In June 2024, the Press Information Bureau reported significant progress in India's smart cities mission, with 100 cities approving a total of 8,013 projects valued at ?1,64,158 crore ($19.66 billion). Of these, 7,157 projects, amounting to ?1,43,958 crore ($12.24 billion), have been completed. This momentum in smart city projects is likely to drive the demand for human-centric lighting solutions.
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Global Human Centric Lighting Market Segments
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
By Geography:The regions 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.
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.
Major Human Centric Lighting Industry Players
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
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Human Centric Lighting Market Overview
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 2023 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.
