Market Research Report
Human Centric Lighting - Global Market Outlook (2019-2027)
|Human Centric Lighting - Global Market Outlook (2019-2027)|
Published: March 1, 2021
Stratistics Market Research Consulting
Content info: 150+ Pages
Delivery time: 2-3 business days
According to Stratistics MRC, the Global Human Centric Lighting Market is accounted for $810.00 million in 2019 and is expected to reach $8,026.36 million by 2027 growing at a CAGR of 33.2% during the forecast period. Factors such as the growing smart city establishments, rising demand for energy-efficient lighting solutions, and the increasing demand for IoT devices in residential and commercial spaces are driving the market growth. However, the high installation cost of this system is hampering the growth of the market.
Human centric lighting encourages a person's well-being, mood, and health by adjusting directions, color temperatures, and illuminance. These lighting solutions can improve concentration, safety, and efficiency in workplaces as well as educational environments. It also helps in the prevention of chronic diseases for individuals having irregular daily routines.
Based on the installation type, the new installations segment is going to have high growth during the forecast period owing to the construction of various new commercial, educational, and institutional facilities across the globe. By geography, Europe is going to have high growth during the forecast period as the infrastructure refurbishment in this region is attributed to high focus on providing healthy and well-illuminated building environments.
Some of the key players profiled in the Human Centric Lighting Market include: General Electric, Hubbell Inc, Legrand SA, OSRAM Licht AG, SG Lighting Ltd, Zumtobel Group AG, Wipro Enterprises, Cree, Inc., TRILUX GmbH & Co. KG, Signify Lighting NV, Glamox AS, Regiolux, Lutron Electronics Co., Inc, Herbert, Lumileds Holding B.V., Controlled Lighting Corp., Acuity Brands, Inc., Ledmotive, Waldmann GmbH & Co. KG, and Healthe.
Installation Types Covered:
End Users Covered:
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Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.