Human Centric Lighting Market Size, Share, Industry Trends, Demand, Growth Outlook, Developments, Strategies and Forecast 2027

Tue Mar 22, 2022 - 1:00pm GMT+0000

India – March 16, 2022

Human Centric Lighting Market Research Report- Forecast till 2027

Market Highlights

The growing application of Human Centric lighting in the healthcare sector is likely to drive the global Human Centric lighting market over the forecast period. The benefits of helping patients maintain a positive mindset are obvious, which has led to growing adoption of Human Centric lighting in the healthcare sector. This is likely to be a major driver for the global Human Centric lighting market over the forecast period.

The market is said to be expanding at an exhilarating pace, given the increasing application scope of human centric lighting in the healthcare industry, such as in elderly care centers and hospitals. We will provide COVID-19 impact analysis with the report. The report discusses the COVID-19 impact on the market and the growth potential of the industry following the coronavirus disease outbreak.

COVID-19 Analysis

SARS-CoV-2 has led to higher focus on the development of a strong supply chain as well as on the exploration of ways to deal with the lack of raw materials and products in the semiconductor industry. The novel coronavirus induced lockdown has boosted the demand for potential suppliers along with the adoption of better techniques to bring down the instability in the supply chain. Post pandemic, the situation has been such that more and more industries are adopting the latest technologies that can ensure better productivity and stability of the supply chain.

Although the lighting industry is bearing the repercussions of the COVID-19 outbreak, human-centric lighting (HCL) systems are finding extensive deployment in healthcare, industrial, education, residential and retail industries. The demand for HCL systems has gone up significantly in the healthcare sector, following the pandemic, especially in elderly care centers for people who are unable to obtain daylight due to mobility issues or some illness. Its effectiveness in light therapy treatment is also boosting its demand further, which can mean that the human centric lighting market can remain strong despite the SARS-CoV-2 outbreak.

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Application and component type are the primary segments based on which the market research has been carried out by MRFR.

The application-wise categories are healthcare, retail, education, residential, industrial, and others.

The component types described in the market study include drivers, sensors, switches & dimmers, transmitters & receivers and microprocessors & microcontrollers.

 Regional Analysis:

The global Human Centric lighting market is geographically segmented into North America, Europe, Asia Pacific, and Rest of the World. Europe is likely to dominate the global Human Centric lighting market over the forecast period due to the high awareness regarding the beneficial effects of adjustable lighting and supportive government programs to encourage the adoption of Human Centric lighting. Human Centric lighting is expected to comprise up to 7% of all lighting in Europe by 2020, leading to the region’s steady dominance in the global Human Centric lighting market.

North America is also likely to be a major contributor to the global Human Centric lighting market over the forecast period due to the rapid technological advancement in the region, which has enabled steady technological progression and widespread adoption of Human Centric lighting systems.

Competitive Analysis

Leading companies in the market are Waldmann Lighting (US), Hubbell Inc. (US), Arcluce S.p.A. (Italy), Koninklijke Philips NV (The Netherlands), Glamox (Norway), Zumtobel AG (Austria), CoeLux S.r.l (Italy), Fagerhult AB (Sweden), Osram Licht AG (Germany), ES-SYSTEM S.A. (Poland), and more.

Some other vendors listed in the study include NormaGrup Technology (Spain), Legrand SA (France), Seoul Semiconductor Co Ltd (South Korea), to name a few.

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Human Centric Lighting Market Research Report, By Component Type (Sensors, Drivers, Microprocessors & Microcontrollers, Switches & Dimmers), By Applications (Healthcare, Education, Industrial, Retail, Residential Applications)- Forecast till 2027

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Name: Saurabh Sinha
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Organization: Market Research Future

Release ID: 89070777