Globally Human Centric Lightings Market Overview:
Human-centric lighting is the art of creating lighting that mimics the natural daylight which drives our bodily functions. It enhances human performance, comfort, health, and well-being. The most obvious effect of light on humans is vision. It enhances performance, comfort, and health. It also allows us to identify brightness, shapes, colors, & images and to perceive information and contrast. The objective of human-centric lighting is to enhance the human experience, in particular, to satisfy the craving for natural sunlight.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Demand for High-Quality Intelligent lighting technology and Rise of Consumer Preferences for Better-For-You Ingredients
Market Growth Drivers:
Huge Demand for Energy-Efficient Lighting, Rise in the Number of Led Lighting Solutions, Technological Advancements and New Product Launches and High Development of Smart Lighting System
Challenges:
High Product Cost and Compatibility Issue with Conventional Fixtures
Restraints:
High Installation and Maintenance Cost and High Cost of Raw Materials
Opportunities:
Rising demand for Wireless Technology in Lighting Systems, Growing Trends of Artificial LED Lighting in Farming and Growing Investment and Development of Smart Homes and Smart City
Competitive Landscape:
Human Centric Lightings Market is a fragmented market due to the presence of various players. The players are focusing on developing and originating innovation to enhance the human experience, in particular, to satisfy the craving for natural sunlight. Further growing demand for high-quality intelligent lighting technology will contribute to increasing the market presence. The companies are also planning strategic activities such as product launches, collaborations, mergers, and acquisitions to sustain in the market and maintain their competitive edge.
Some of the key players profiled in the report are Acuity Brands (United States), Cree (United States), Eaton (Ireland), GE Lighting (United States), Philips Lighting/Signify (Netherlands), Osram (Germany), Nichia Corporation (Japan), Seoul Semiconductor (South Korea), Zumtobel Group (Austria) and Everlight Electronics (Taiwan). Considering Market by By Installation Type, the sub-segment i.e. New Installations will boost the Human Centric Lightings market. Considering Market by By Offering, the sub-segment i.e. Hardware will boost the Human Centric Lightings market.
Latest Market Insights:
On September 2019, Acuity Brands, Inc. announced that its wholly-owned subsidiary, Acuity Brands Lighting, Inc., has entered into a purchase agreement to acquire all of the equity interests of The Luminaires Group, a leading provider of specification-grade luminaires for commercial, institutional, hospitality and municipal markets, all of which complements the Company’s current and dynamic lighting portfolio. TLG’s indoor and outdoor lighting fixtures are marketed to architects, landscape architects, interior designers, and engineers through five niche lighting brands: a-light, Cyclone, Eureka, Luminaire LED, and Luminas.
On February 2019, Osram, a leading global lighting and technology company, announced the launch of a digital tunable white (TW) system based on DALI-2 designed for human-centric lighting applications in educational, commercial office, and healthcare settings. The system consists of an OPTOTRONIC Tunable White two-channel Programmable LED Driver, OSRAM Tunable White Wallstation, PrevaLED Tunable White Light Engine, and optional OSRAM Control Power Pack.
What Can be Explored with the Human Centric Lightings Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Globally Human Centric Lightings Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Human Centric Lightings
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Globally Human Centric Lightings market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Human Centric Lightings market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.