Human Centric Lighting Market Growth, Industry Analysis | Global and Regional Market Forecast to 2022-2027

The growing adoption of IoT-enabled lighting solutions and the rising use of smart LED lighting systems for wireless connectivity is driving the demand for the market. 

Market Size – USD 795.0 Million in 2019, Market Growth – CAGR of 34.3%, Market Trends – The rise in the application of this technology to reduce traffic congestions.

The latest report provides detailed insights into Human Centric Lighting market trends, industry trends, consumer trends, market size, market share, market growth, and forecast, along with ranging impact of each factor and driver. It also provides analysis of various factors expected to restrain or limit potential growth in market size over the forecast period, 2020–2028. The report includes profiles of major players in the Human Centric Lighting market, strategies being employed, mergers, acquisitions, recent developments, agreements, contracts, new product development and launches, segment revenue, investment details as well as financials.

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Global Human Centric Lighting market growth is driven by a variety of factors and trends, primary of which include rising focus by major companies on product/service expansion into new and untapped domestic Human Centric Lighting markets, rising investments in strategic agreements, and rising competition in the market. Development of more advanced offerings is driving rising demand and deployment in respective sectors/industries, and this is a major trend in an increasing number of developing economies. In addition, availability of favorable government policies and steady economic growth across various regions and countries is resulting in an increasing number of players focusing on leveraging opportunities to drive visibility and increase revenue and profits.

Top key vendors in Human Centric Lighting Market include are:

  • Key participants include Osram Licht AG, ES-System SA, Arcluce S.p.A., Koninklijke Philips NV, Fagerhult AB, Zumtobel AG, Glamox AS, Hubbell Inc., The Zumtobel Group, and Legrand SA among others.

Emergen Research has segmented the global Human Centric Lighting Market on the basis of type, installation, end-use, and region:

  • Type Outlook (Revenue, USD Million; 2017-2027)
    • Software
    • Hardware
  • Installation Outlook (Revenue, USD Million; 2017-2027)
    • Retrofit
    • New
  • End-Use Outlook (Revenue, USD Million; 2017-2027)
    • Residential
    • Industrial
    • Retail
    • Healthcare
    • Education
    • Commercial

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Incorporated with Info-graphics, charts, 70 tables and 85 figures, this 250-page research report “Human Centric Lighting Market Size, Type, Application, End-Use Industry, Regional Outlook, Competitive Strategies and Forecasts, 2020 – 2027” is based on a complete research of the entire Global market and covering all its sub-segments through comprehensively thorough classifications. Insightful analysis and assessment are created from superior primary and secondary information sources with data and information derived from industry specialists across the value chain.

Region wise performance of the Human Centric Lighting industry

North America Human Centric Lighting market growth registered a significant incline in 2020 and this is having major impact on market growth of other major regions. In addition, North America Human Centric Lighting market growth is expected to continue to remain dominant over other regional markets over the forecast period. Presence of major players in countries in the region is a key factor driving steady change in overall Human Centric Lighting market trends, and this is expected to continue to support market growth in North America.

Asia Pacific Human Centric Lighting market growth is expected to register a rapid rate in terms of revenue as compared to other regional markets over the forecast period. China, India, and South Korea accounted for significantly robust Human Centric Lighting market growth in 2020, and the trend is expected to continue over the forecast period. Factors such as increasing population, favorable government policies and initiatives, and availability of more advanced technologies, services, and offerings in these countries is driving Human Centric Lighting market growth in Asia Pacific.

Europe Human Centric Lighting market growth and revenue expansion is expected to remain steady over the forecast period. This can be attributed to robust focus on research and development initiatives by major firms and changing Human Centric Lighting market trends in countries in other major regions.

Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:

  • United States
  • Europe
  • China
  • Japan
  • Southeast Asia
  • India

We can also provide the customized separate regional or country-level reports, for the following regions:

North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa

We can customize our reports for our customers, for instance, we can add or remove manufacturers, applications or product types, whatever you need in the report. Ask for it by contacting [email protected] https://www.emergenresearch.com/request-for-customization/234

The research provides answers to the following key questions:

  • What will be the growth rate and the market size of the Human Centric Lighting industry for the forecast period 2020-2027?
  • What are the major driving forces expected to impact the development of the Human Centric Lighting market across different regions?
  • Who are the major driving forces expected to decide the fate of the Human Centric Lighting industry worldwide?
  • Who are the prominent market players making a mark in the Human Centric Lighting market with their winning strategies?
  • Which Human Centric Lighting industry trends are likely to shape the future of the industry during the forecast period 2020-2027?
  • What are the key barriers and threats believed to hinder the development of the industry?
  • What are the future opportunities in the Human Centric Lighting market?

Table of Content

Chapter 1. Methodology & Sources

1.1. Human Centric Lighting Market Definition

1.2. Research Scope

1.3. Methodology

1.4. Research Sources

1.4.1. Primary

1.4.2. Secondary

1.4.3. Paid Sources

1.5. Human Centric Lighting Market Estimation Technique

Chapter 2. Executive Summary

2.1. Summary Snapshot, 2021-2028

Chapter 3. Key Insights

Chapter 4. Human Centric Lighting Market Segmentation & Impact Analysis

4.1. Human Centric Lighting Market Material Segmentation Analysis

4.2. Industrial Outlook

4.2.1. Human Centric Lighting Market indicators analysis

4.2.2. Human Centric Lighting Market drivers analysis

4.2.2.1. Rapid urbanization and industrialization

4.2.2.2. Stringent government regulations regarding carbon emissions

4.2.2.3. Increasing prevalence of respiratory diseases

4.2.2.4. Rising need to enhance indoor air quality

4.2.3. Human Centric Lighting Market restraints analysis

4.2.3.1. High cost associated with the maintenance of Human Centric Lighting products

4.2.3.2. Availability of renewable sources of energy

4.3. Technological Insights

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

4.6. Competitive Metric Space Analysis

4.7. Price trend Analysis

4.8. Covid-19 Impact Analysis

Chapter 10. Competitive Landscape

10.1. Human Centric Lighting Market Revenue Share By Manufacturers

10.2. Mergers & Acquisitions

10.3. Competitor’s Positioning

10.4. Strategy Benchmarking

10.5. Vendor Landscape

10.5.1. Raw Material Suppliers

10.5.1.1. North America

10.5.1.2. Europe

10.5.1.3. Asia Pacific

10.5.1.4. Middle East & Africa

10.5.1.5. Latin America

10.5.2. Distributors

10.5.2.1. North America

10.5.2.2. Europe

10.5.2.3. Asia Pacific

10.5.2.4. Middle East & Africa

10.5.2.5. Latin America

10.5.3. Others

Continued….

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