What Has Been the Growth of the Human Centric Lighting Market So Far?
The human centric lighting market has seen considerable growth due to a variety of factors.
• The human-centric lighting market has grown exponentially in recent years. It will grow from $2.18 billion in 2024 to $2.79 billion in 2025, reflecting a compound annual growth rate (CAGR) of 27.7%.
Factors driving this growth include urbanization, increased remote work, an aging population, the rise of smart lighting systems, and the growing adoption of home automation solutions.
What Are the Future Growth Projections for the Human Centric Lighting Market?
The human centric lighting market is expected to maintain its strong growth trajectory in upcoming years.
• The human-centric lighting market is forecasted to grow to $7.32 billion by 2029, at a CAGR of 27.3%.
Growth is driven by the increasing awareness of circadian rhythm benefits, rising demand for workplace well-being, more elderly homes, focus on green building practices, and energy efficiency. Key trends include technological advancements, dynamic lighting scenes, light therapy solutions, IoT technology adoption, AI and machine learning, and advanced sensors.
What Are The Core Factors Supporting Growth In The Human Centric Lighting Market?
The rise of smart cities is expected to propel the growth of the human-centric lighting market. Smart cities utilize technology and data-driven solutions to improve urban living conditions. Human-centric lighting is essential in these environments, promoting the health and well-being of residents. In June 2024, the Indian government reported significant progress in the smart cities mission, with over 8,000 projects approved and substantial funding allocated for development.
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
Subsegments:
1) By Sensors: Ambient Light Sensors, Motion Sensors, Presence Sensors, Color Temperature Sensors, Brightness Sensors
2) By Drivers: LED Drivers, AC-DC Drivers, Dimmable Drivers, Constant Current Drivers, Constant Voltage Drivers
3) By Microprocessors and Microcontrollers: Microcontrollers for Lighting Control, Microprocessors for Smart Lighting Systems, Integrated Circuits (ICs) for Lighting Systems, Wireless Communication Controllers
4) By Switches and Dimmers: Manual Switches, Smart Switches, Dimmer Switches, Touch-sensitive Switches, Wi-Fi/Bluetooth-enabled Dimmers
5) By Transmitters and Receivers: Wireless Transmitters, Wireless Receivers, Bluetooth Transmitters/Receivers, Zigbee-enabled Transmitters/Receivers, Infrared (IR) Transmitters/Receivers
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What Trends Are Reshaping The Future Of The Human Centric Lighting Market?
Companies leading the human-centric lighting market are concentrating their efforts on developing unique products such as smart lighting solutions to gain a competitive advantage. Smart lighting solutions are progressive lighting systems that employ internet connectivity, sensors, and automation to maximize energy consumption, bolster convenience, and elevate control over lighting atmospheres. For example, Signify NV, a lighting firm located in the Netherlands, debuted a lighting system named NatureConnect in May 2024. NatureConnect is designed to replicate natural sunlight enhancing well-being, including sleep enhancement, mood improvement, and focus elevation. It provides adaptable, energy-efficient solutions suitable for professional settings, hospitality, and healthcare.
Who Are the Key Players In The Human Centric Lighting Market?
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
What Is The Most Dominant Region In The Human Centric Lighting Market?
North America was the largest region in the human centric lighting market in 2024. 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.
