Human-Centric Lighting Market Size, Share, Opportunities, And Trends By Offering (Hardware, Service, Software), By Installation Method (Retrofit And Renovation, New Installation, Others), By Application (Enterprise, Residential, Retail, Industrial, Healthcare, Others), And By Geography - Forecasts From 2024 To 2029

  • Published : Mar 2024
  • Report Code : KSI061616835
  • Pages : 140

The human-centric lighting market is projected to show steady growth during the forecast period.

Human-centric lighting (HCL), also referred to as circadian lighting, is a lighting solution designed to enhance human health and well-being. It utilizes adjustable light-emitting diode (LED) fixtures that mimic natural sunlight. The innovative lighting system has the potential to enhance comfort, mood, and productivity. Increased recognition of health aspects, expansion of infrastructure and urbanization, and enhanced technological advancement are driving the human-centric lighting market.

Market Drivers

  • Increased recognition of health aspects drives human-centric lighting market growth.

Increased recognition of health aspects is the key driver of the human-centric lighting market growth. The conventional approach to lighting has mainly concentrated on the intensity of illumination, however, advancement in technology is revolutionizing the field. HCL adopts a comprehensive perspective, taking into account the effects of light on our biology and overall well-being.

Extensive research indicates that human-centric lighting has the potential to enhance emotional state, regulate sleep cycles, and even improve cognitive abilities. As a result, human-centric lighting is being increasingly embraced in diverse environments such as workplaces, educational institutions, and medical facilities.

  • Expansion of infrastructure and urbanization propels human-centric lighting market growth.

Expansion of infrastructure and urbanization are the key drivers of the human-centric lighting market growth. The HCL market growth is influenced by increasing industrialization and commercialization. Cities are increasingly focusing on enhancing public spaces, such as parks, plazas, and transportation hubs. HCL technology plays a crucial role in creating more welcoming and engaging environments. By utilizing adjustable lighting, public spaces can adapt to different needs and activities throughout the day. In the morning, cooler and brighter lighting can help pedestrians stay alert in busy areas, while in the evening, warmer tones can foster a more serene atmosphere.

HCL offers seamless integration with smart building management systems, enabling centralized control and automated adjustments according to occupancy schedules and natural light availability. The integration guarantees the efficient utilization of lighting resources and maximizes the well-being advantages of HCL in modern urban structures.

  • Enhanced technological advancement enhances human-centric lighting market growth.

Enhanced technological advancements are another key driver of the human-centric lighting market growth. Ongoing technological advancements, growing consumer interest in improved interior design, and the rising demand for energy-efficient lighting are key drivers behind the expansion of the decorative and smart lighting market. Additionally, human-centric lighting in residential environments, such as homes or elderly care facilities, has the potential to decrease sleep disorders, consequently reducing the necessity for expensive medication and lowering the workload for caregivers. The rising adoption of smart lighting is expected to boost the demand for human-centric lighting solutions in residential settings.

For instance, Vonn, a renowned lighting company, published an article in December 2023 stating that in 2024, a crucial milestone will be reached in the field of LED lighting, with notable progress in efficiency and performance. Companies are placing greater emphasis on enhancing the luminous efficacy of LEDs, resulting in brighter lighting that consumes less energy. Breakthroughs in chip technology and phosphor coatings have paved the way for LEDs with higher lumens per watt, delivering superior brightness than previous iterations.

Asia Pacific is projected to grow.

Asia Pacific is anticipated to account for a significant share of the human-centric lighting market due to the rapidly growing population and a rise in new housing developments. The lighting approach focuses on enhancing people's well-being by imitating natural light variations. Tunable LED lights are becoming more common in homes across the region, allowing for adjustments in color temperature and brightness throughout the day. These lights can boost alertness during the day, create a calming ambiance in the evenings, and even aid in maintaining healthy sleep patterns. As awareness of the impact of lighting on health and productivity continues to grow, the trend is expected to significantly expand the human-centric lighting market in the Asia Pacific region.

According to JLL’s article published in August 2023, in India, during the initial six months of 2023, the real estate market has demonstrated its resilience through remarkable sales figures. Each quarter witnessed the sale of 62,000 units, highlighting the strength and stability of the market.

Market Restraints

  • Insufficient knowledge and absence of uniformity curbs the human-centric lighting market growth.

The general understanding of HCL and its advantages is currently in the process of growth. Moreover, the absence of uniform measurements and guidelines tailored to HCL poses a challenge, leading to potential confusion among consumers and hindering the comparison of various HCL options.

  • Limited choices for design and aesthetics hinder the human-centric lighting market growth.

Despite advancements, the existing selection of HCL fixtures may not consistently align with the design preferences of architects and designers across all uses. Striking a balance between functionality and aesthetics continues to pose a challenge.

Key Developments

  • August 2022: Cree LED, an innovator in LED technology, announced the launch of an updated website. This user-friendly platform features interactive tools for product search, enabling users to easily refine results by voltage, color, and other key characteristics. Moreover, the site provides improved navigation and easy access to resources like datasheets, positioning itself as a valuable hub for LED product details.

Company Products

  • Allzy Rotary Dimmer 400W: Offered by Legrand, is a compact dimmer switch designed for incandescent and halogen lamps. It features convenient screw terminal connections and a user-friendly rotary knob for seamless dimming control. This dimmer switch is constructed with fire-retardant materials and equipped with overload protection, ensuring a secure and dependable dimming solution for residential use with a maximum capacity of 400 watts.
  • Aegis LP11: Wipro unveiled the Aegis LP11, a smart lighting solution that incorporates advanced features. The LED luminaire is equipped with Wi-Fi connectivity, enabling users to control it through their smartphones and seamlessly integrate it with their smart home systems. With the Aegis LP11, users have the flexibility to adjust brightness, color temperature, and even set schedules, resulting in a personalized and energy-efficient lighting experience.

Segmentation

  • By Offering
    • Hardware
    • Service
    • Software
  • By Installation Method
    • Retrofit and Renovation
    • New Installation
    • Others
  • By Application
    • Enterprise
    • Residential
    • Retail
    • Industrial
    • Healthcare
    • Others
  • By Geography
    • North America
      • United States
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • United Kingdom
      • Germany
      • France
      • Italy
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Others
    • Asia Pacific
      • Japan
      • China
      • India
      • South Korea
      • Taiwan
      • Thailand
      • Indonesia
      • Others

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key Benefits to the Stakeholder

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Processes

3. EXECUTIVE SUMMARY

3.1. Key Findings

3.2. Analyst View

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Analyst View

5. HUMAN-CENTRIC LIGHTING MARKET BY OFFERING

5.1. Introduction

5.2. Hardware

5.2.1. Market Trends and Opportunities

5.2.2. Growth Prospects

5.2.3. Geographic Lucrativeness

5.3. Service

5.3.1. Market Trends and Opportunities

5.3.2. Growth Prospects

5.3.3. Geographic Lucrativeness

5.4. Software

5.4.1. Market Trends and Opportunities

5.4.2. Growth Prospects

5.4.3. Geographic Lucrativeness

6. HUMAN-CENTRIC LIGHTING MARKET BY INSTALLATION METHOD

6.1. Introduction

6.2. Retrofit & Renovation

6.2.1. Market Trends and Opportunities

6.2.2. Growth Prospects

6.2.3. Geographic Lucrativeness

6.3. New Installation 

6.3.1. Market Trends and Opportunities

6.3.2. Growth Prospects

6.3.3. Geographic Lucrativeness

6.4. Others

6.4.1. Market Trends and Opportunities

6.4.2. Growth Prospects

6.4.3. Geographic Lucrativeness

7. HUMAN-CENTRIC LIGHTING MARKET BY APPLICATION 

7.1. Introduction

7.2. Enterprise

7.2.1. Market Trends and Opportunities

7.2.2. Growth Prospects

7.2.3. Geographic Lucrativeness

7.3. Residential

7.3.1. Market Trends and Opportunities

7.3.2. Growth Prospects

7.3.3. Geographic Lucrativeness

7.4. Retail

7.4.1. Market Trends and Opportunities

7.4.2. Growth Prospects

7.4.3. Geographic Lucrativeness

7.5. Industrial

7.5.1. Market Trends and Opportunities

7.5.2. Growth Prospects

7.5.3. Geographic Lucrativeness

7.6. Healthcare

7.6.1. Market Trends and Opportunities

7.6.2. Growth Prospects

7.6.3. Geographic Lucrativeness

7.7. Others

7.7.1. Market Trends and Opportunities

7.7.2. Growth Prospects

7.7.3. Geographic Lucrativeness

8. HUMAN-CENTRIC LIGHTING MARKET BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. By Offering

8.2.2. By Installation Method 

8.2.3. By Application

8.2.4. By Country

8.2.4.1. United States

8.2.4.1.1. Market Trends and Opportunities

8.2.4.1.2. Growth Prospects

8.2.4.2. Canada

8.2.4.2.1. Market Trends and Opportunities

8.2.4.2.2. Growth Prospects

8.2.4.3. Mexico

8.2.4.3.1. Market Trends and Opportunities

8.2.4.3.2. Growth Prospects

8.3. South America

8.3.1. By Offering

8.3.2. By Installation Method 

8.3.3. By Application

8.3.4. By Country

8.3.4.1. Brazil

8.3.4.1.1.1. Market Trends and Opportunities

8.3.4.1.1.2. Growth Prospects

8.3.4.2. Argentina

8.3.4.2.1.1. Market Trends and Opportunities

8.3.4.2.1.2. Growth Prospects

8.3.4.3. Others

8.3.4.3.1.1. Market Trends and Opportunities

8.3.4.3.1.2. Growth Prospects

8.4. Europe

8.4.1. By Offering

8.4.2. By Installation Method 

8.4.3. By Application

8.4.4. By Country

8.4.4.1. United Kingdom

8.4.4.1.1. Market Trends and Opportunities

8.4.4.1.2. Growth Prospects

8.4.4.2. Germany

8.4.4.2.1. Market Trends and Opportunities

8.4.4.2.2. Growth Prospects

8.4.4.3. France

8.4.4.3.1. Market Trends and Opportunities

8.4.4.3.2. Growth Prospects

8.4.4.4. Italy

8.4.4.4.1. Market Trends and Opportunities

8.4.4.4.2. Growth Prospects

8.4.4.5. Spain

8.4.4.5.1. Market Trends and Opportunities

8.4.4.5.2. Growth Prospects

8.4.4.6. Others

8.4.4.6.1. Market Trends and Opportunities

8.4.4.6.2. Growth Prospects

8.5. Middle East and Africa

8.5.1. By Offering

8.5.2. By Installation Method 

8.5.3. By Application

8.5.4. By Country

8.5.4.1. Saudi Arabia

8.5.4.1.1. Market Trends and Opportunities

8.5.4.1.2. Growth Prospects

8.5.4.2. UAE

8.5.4.2.1. Market Trends and Opportunities

8.5.4.2.2. Growth Prospects

8.5.4.3. Others

8.5.4.3.1. Market Trends and Opportunities

8.5.4.3.2. Growth Prospects

8.6. Asia Pacific

8.6.1. By Offering

8.6.2. By Installation Method 

8.6.3. By Application

8.6.4. By Country

8.6.5. Japan

8.6.5.1.1. Market Trends and Opportunities

8.6.5.1.2. Growth Prospects

8.6.6. China

8.6.6.1.1. Market Trends and Opportunities

8.6.6.1.2. Growth Prospects

8.6.7. India

8.6.7.1.1. Market Trends and Opportunities

8.6.7.1.2. Growth Prospects

8.6.8. South Korea

8.6.8.1.1. Market Trends and Opportunities

8.6.8.1.2. Growth Prospects

8.6.9. Taiwan

8.6.9.1.1. Market Trends and Opportunities

8.6.9.1.2. Growth Prospects

8.6.10. Thailand

8.6.10.1.1. Market Trends and Opportunities

8.6.10.1.2. Growth Prospects

8.6.11. Indonesia

8.6.11.1.1. Market Trends and Opportunities

8.6.11.1.2. Growth Prospects

8.6.12. Others

8.6.12.1.1. Market Trends and Opportunities

8.6.12.1.2. Growth Prospects

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Competitive Dashboard

10. COMPANY PROFILES

10.1. Hubbell

10.2. OSRAM AG

10.3. Legrand North America, LLC

10.4. Wipro Lighting

10.5. Acuity Brands

10.6. Signify Holding

10.7. Zumtobel

10.8. Lutron Electronics Co., Inc

10.9. LEDVANCE GmbH

10.10. Glamox


Hubbell

OSRAM AG

Legrand North America, LLC

Wipro Lighting

Acuity Brands

Signify Holding

Zumtobel

Lutron Electronics Co., Inc

LEDVANCE GmbH

Glamox