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Human Centric Lighting Market by Growth Trends and Business Strategies over 2020 – 2025

Author : Ronak Bora | Published Date : 2020-09-07 

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.

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.

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Human centric lighting market is anticipated to garner significant proceeds in the commercial sector. Renovation of enterprise infrastructure and installation of smart building and lighting products to develop comfortable workspaces will foster business growth. HCL solutions allow improved productivity and boost concentration in commercial work areas. In fact, research results suggest that the systems can increase work performance, reduce fatigue and significantly increase concentration and work satisfaction.

According to Lighting Society Europe, human centric lighting can significantly enhance employee performance to the point of improving productivity by 4.5%, reducing errors by 2% and further slashing rate of work absenteeism. HCL can also significantly improve visibility, thereby reducing the risk of tripping, falling and potential injuries. With employees spending more time in offices and other workplaces, HCL systems will become an essential lighting solution in the commercial sector, fostering HCL industry size.

Increasing traction in the healthcare sector will augment human centric lighting market share. In hospitals and old age homes, HCL is well suited to implement lighting cycles comprising sunrise, sunset and daylight simulations. The system offers patients with enhanced benefits like higher activity levels during day, better sleep during night, reduced recovery time and lowered intake of anti-depressants.

In fact artificial lighting can compensate for biologically active effects of insufficient daylight exposure, thereby stabilizing the sleep-wake rhythm. It can also lead to more restorative sleep, thus ultimately improving the mental and physical wellbeing of hospitalized patients.

In old-age homes, HCL systems can offer high color temperatures, higher illuminance, and dynamically adjusted light distribution levels, further improving the quality of life of the elderly people. Additionally, in the healthcare sector, the systems can significantly reduce surplus cost of electricity bills.

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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 Contents (ToC) of the report:

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 market 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 Market 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

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/human-centric-lighting-market

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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