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Human Centric Lighting Market - Industry Growth Analysis & Forecast By 2025

Human Centric Lighting Market - Industry Growth Analysis & Forecast By 2025

Human Centric Lighting Market is expected to exceed USD 6 billion by 2025. The increasing adoption of smart lighting technology in commercial & residential applications to gain energy efficiency benefits is driving the industry growth globally. The circadian rhythm-based lights aid in reducing visual & non-visual harms to humans and offer improved productivity in industrial & enterprise applications. The color, brightness, and temperature-varying features offered through tunable fixtures in these systems support human psychology and sleep-wake cycles, resulting in health improvement of elderly care residents and patients. Additionally, the growing focus on the adoption of controllable, body-centric, and low power consuming lights due to government initiatives and consumer awareness is creating several opportunities for the human centric lighting market growth.

Lighting fixtures and software are gaining high demand in the human centric lighting market globally due to the installation of fully transitional and controllable systems in new commercial, industrial, and healthcare facilities. The software used in these systems allows users to control and change the light settings, color, and brightness levels depending on the requirements. The service segment including professional, managed, and consulting services is witnessing high popularity due to increased awareness of application industries and initiatives for adopting body dynamic light solutions. New building owners and enterprises are taking expert consultation for deploying suitable lighting solutions, further developing the service segment in the human centric lighting market.

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In the human centric lighting market, the healthcare segment is experiencing high growth prospects due to health-related benefits associated with it. These light systems aid in appropriately setting the sleep-wake cycles of patients through changing light patterns throughout the day. The maintenance of regular sleep-wake cycles prevents patients or elderly care occupants from depression, anxiety, and several other behavioral conditions. The transformable light systems support the speedy recovery of patients and enhanced healthcare facilities, further driving the human centric lighting market demand. Several hospitals and elderly care centers across the globe are adopting HCL technology to add natural illumination features to their facilities. For instance, in July 2018, Medical Behavioural Unit at Children's Hospital of Philadelphia announced that it adopted circadian lighting systems to set up better sleep-wake cycles of its patients.

The Europe human centric lighting market is developing at a rapid pace in recent years owing to the rising implementation of these solutions in commercial, healthcare, and elderly home sectors for providing better infrastructure facilities. European countries are also witnessing the high installation of energy-efficient & intelligent lights due to government regulations, creating a substantial demand for circadian light products. Cold weather conditions and the need for better-illuminated environments across application industries for promoting employee wellbeing & productivity are supporting the increasing demand.

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The key companies present in the human centric lighting market are: Signify, Zumtobel AG, OSRAM, Glamox, Ledmotive, Lumileds, Legrand, Helvar, Hubbell Inc, and Lutron Electronics. The companies are developing new technologies and products to cater to the circadian lighting demand. They are investing in R&D operations to develop enhanced fixtures & control solutions and gain benefits over industry competitors. The human centric lighting market companies are involved in spreading consumer awareness and offering application-specific systems.

Table Of Content

Chapter 1. Methodology and Scope

1.1. Definitions & forecast parameters

1.1.1. Definitions

1.1.2. Methodology and forecast parameters

1.2. Data Sources

1.2.1. Secondary

1.2.2. Primary

Chapter 2. Executive Summary

2.1. Human centric lighting industry 360° synopsis, 2015 – 2025

2.1.1. Business trends

2.1.2. Solution trends

2.1.2.1. Hardware trends

2.1.3. Installation type trends

2.1.4. Application trends

2.1.5. Regional trends

Chapter 3. Human Centric Lighting Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2015 – 2025

3.3. Industry ecosystem analysis

3.3.1. Suppliers

3.3.2. Manufacturers

3.3.3. Software & technology providers

3.3.4. Service providers

3.3.5. System integrators

3.3.6. Distribution channel analysis

3.3.7. End-use landscape

3.3.8. Vendor matrix

3.4. Technology & innovation landscape

3.4.1. Evolution of lighting technology

3.5. Regulatory landscape

3.5.1.1. North America

3.5.1.2. Europe

3.5.1.3. Asia Pacific

3.5.1.4. Latin America

3.5.1.5. MEA

3.6. Recent use cases and opportunities

3.6.1.1. North America

3.6.1.2. Europe

3.6.1.3. Asia Pacific

3.6.1.4. Latin America

3.6.1.5. MEA

3.7. Cost structure analysis

3.7.1. Human centric lighting vs conventional LED lighting

3.8. Pricing analysis

3.8.1. Lighting fixtures

3.8.2. Lighting controllers

3.8.2.1. Sensors

3.8.2.2. Microcontrollers

3.8.2.3. Switches

3.9. Industry impact forces

3.9.1. Growth drivers

3.9.1.1. Commercial & healthcare infrastructure transformation activities in North America and Asia Pacific

3.9.1.2. Growing smart building projects in North America and Europe

3.9.1.3. Provision of better facilities in the elderly care sector in Europe

3.9.1.4. Increasing demand for energy efficient lighting across the globe

3.9.1.5. Rising implementation of LED lighting solutions in Asia and Latin America

3.9.1.6. Growing smart city establishments in MEA

3.9.1.7. Increased focus on implementing advanced lighting technologies in the commercial and industrial settings

3.9.2. Industry pitfalls & challenges

3.9.2.1. High initial investment and installation cost

3.9.2.2. Compatibility issues with conventional fixtures

3.10. Growth potential analysis

3.11. Porter's analysis

3.11.1. Supplier power

3.11.2. Buyer power

3.11.3. Threat of new entrants

3.11.4. Threat of substitutes

3.11.5. Internal rivalry

3.12. Competitive landscape, 2018

3.12.1. Company market share analysis

3.12.2. Strategy dashboard (New product development, M&A, R&D, Investment landscape)

3.13. PESTEL analysis

Chapter 4. Human Centric Lighting Market, By Solution

4.1. Key trends by solution

4.2. Hardware

4.2.1. Market estimates and forecast, 2015 – 2025

4.2.2. Lighting fixtures

4.2.2.1. Market estimates and forecast, 2015 – 2025

4.2.3. Lighting controllers

4.2.3.1. Market estimates and forecast, 2015 – 2025

4.3. Software

4.3.1. Market estimates and forecast, 2015 – 2025

4.4. Service

4.4.1. Market estimates and forecast, 2015 – 2025

Chapter 5. Human Centric Lighting Market, By Installation Type

5.1. Key trends by installation type

5.2. New installation

5.2.1. Market estimates and forecast, 2015 – 2025

5.3. Retrofit

5.3.1. Market estimates and forecast, 2015 – 2025

 

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