Market Scope
Market Research Future (MRFR) believes that the human centric lighting market 2020 can gain substantial grounds across the globe between 2018 and 2023 (evaluation 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 Human Centric Lighting Market report discusses the COVID-19 impact on the market and the growth potential of the industry following the coronavirus disease outbreak.
Leading Companies
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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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.
Key Boosters and Main Restraints
In June 2020, Samsung built a new human-centric lighting LED called LM302N DAY that is used in daytime operations. The HCL LED helps bring down the person’s melatonin level by 18 percent compared to a conventional LED lighting. With the use of dual blue emitters, LM302N DAY facilitates more scattering of blue energy, which leads to higher effect on the nonvisual system. Several renowned companies in the human centric lighting market are actively conducting research and development of advanced lighting solutions for diverse end-users. With residential and commercial infrastructure progressively consuming smart technologies in their projects, players are encouraged to launch superior quality products that can help them gain more consumers and boost their market position.
With each passing year, the concerns with regard to the conservation of energy has mounted exponentially across regions, following which more and more end users are opting for greener alternatives and are taking up sustainable growth practices. A number of renowned research institutions are performing researches that pertain to circadian lighting’s effectiveness on human mental state and productivity, which can do wonders for the human centric lighting industry in the long run.
The sharp rise in industrialization around the world, primarily in emerging regions can be a significant growth enhancer in the market. The human centric lighting market can also benefit from the mounting awareness about sustainable development across industry verticals coupled with the rising prevalence of smart building technologies.
Market Segmentation
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 Insight
North America, Europe, APAC/Asia Pacific, along with RoW/rest of the world are the primary markets for human centric lighting.
Europe could emerge as the leader in the global market, with Germany, Spain and the UK heading the said growth. The high consumption of HCL solutions in the healthcare sector along with the strong backing given by the government as well as regulatory bodies are some of the top impacting factors. Massive investments by the government and leading companies also favor the human-centric lighting market here.
The North American market can claim the second lead in the global market, thanks to the escalating growth of advanced technologies such as artificial intelligence and IoT backed by the extensive IT infrastructure in the region. Canada and the US could be the most profitable markets in the region during the appraisal period.
However, the APAC market can potentially anticipate the fastest growth in the coming years, as a result of the huge pool of well-known semiconductor manufacturers present in China and the increasing awareness with regard to energy efficiency. Taiwan, Japan and China are touted to be the most lucrative markets in the region over the next few years.
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Human Centric Lighting Market report published by Value Market Research, which studies the future outlook of the market.
It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2019-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the Human Centric Lighting include Osram Licht Group, Signify, Zumtobel Group AG, Glamox, Hubbell Inc., TRILUX GmbH & Co. KG, Legrand, , Wipro Lighting and Healthe..
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Human Centric Lighting Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/human-centric-lighting-market/download-sampleMarket SegmentationThe broad Human Centric Lighting has been sub-grouped into the Solution, Installation Type, Application and Region.
The report studies these subsets with respect to the geographical segmentation.
The strategists can gain a detailed insight and devise appropriate strategies to target specific market.
According to the new research report, the "Human Centric Lighting Market by Offering (Hardware (Lighting fixtures and Lighting Controllers), Software, and Services), Installation Type (New Installations and Retrofit Installations), Application, and Geography - Global Forecast to 2024", is projected to grow from USD 810 million in 2019 to USD 3,655 million by 2024—growing a CAGR of 35.2%.
Implementation of wireless technology for LED lighting is expected to provide substantial growth opportunities to market players.Browse 67 market data Tables and 44 Figures spread through 163 Pages and in-depth TOC on "Human Centric Lighting Market - Global Forecast to 2024" Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=165368838 “Lighting controllers to witness highest CAGR in human centric lighting market during 2019–2024”The market for lighting controllers is expected to grow at the highest CAGR from 2019 to 2024.
The human centric lighting market for lighting controllers has been further segmented into sensors, switches and dimmers, LED drivers, microcontrollers and microprocessors, and transmitters and receivers.
These lighting controls enable the implementation of intelligent lighting solutions and connect human centric lighting in various spaces.“Residential applications are expected to witness highest growth rate during forecast period”The human centric lighting market for the residential application is expected to grow at the highest CAGR from 2019 to 2024.
The growing implementation of smart lighting will lead to the increase in the demand for human centric lighting solutions in the residential sector.“Growing infrastructure and urbanization will boost demand for human centric lighting solutions in APAC during forecast period”The human centric lighting market in APAC is expected to grow at the highest CAGR during the forecast period.
In a few countries such as South Korea and Malaysia, the success of the market for energy-efficient products such as LED products depends on the ability of light source manufacturers to form a rapport with local partners.Key players in the market include Signify Lighting NV (Netherlands), OSRAM Licht AG (Germany), Acuity Brands, Inc. (US), Cree, Inc. (US), Legrand SA (France), Hubbell Inc. (US), Zumtobel Group AG (Austria), Wipro Enterprises (P) Ltd. (India), Glamox AS (Norway), and Lutron Electronics Co., Inc. (US).
The investigative study on the Global Human Centric Lighting recently added by Emergen Research sheds light on the current market scope as well as the emerging trends and opportunities of the market.
To provide a deeper understanding of the global market, the report offers a statistical analysis of the global and local production and consumption ratio.
The report also offers a comprehensive analysis of the competitive landscape with company profiles and product portfolios.Get a sample of the report - https://www.emergenresearch.com/request-sample/234 Primary Research ModelPost combination of the information got through optional examination; an approval interaction is started to check the numbers or figures.
Conversations with the topic specialists were directed to acquire quantitative and subjective data and approve our statistical surveying discoveries.Notwithstanding, we don't confine our essential meetings just to the business chiefs.
Our group covers the whole worth chain while confirming the information.
The latest things, which incorporate the drivers, limitations, and openings, are additionally inferred through the essential examination measure.Key Features of the Global Human Centric Lighting:· The report offers a deep insight into the market with expert data insights from the industry experts and analysts · Dedicated focus on market growth and restraining factors · Thorough analysis of the market segments includes product types, application spectrum, technology, end-user, and other key segments · SWOT and Porter’s Five Forces analysis along with feasibility analysis and venture return analysis · Current and emerging market trends and growth prospects To read more about the report, visit - https://www.emergenresearch.com/industry-report/human-centric-lighting-market Data TriangulationThe interaction of information triangulation technique was applied to show up at the last market appraisals to check every information point.
Human Centric Lighting Market Global Market - OverviewHuman Centric Lighting are the new concept which has been found helpful in well-being of a person.
Human centric lightning is designed in such a way that it helps to promote a person’s health, mood and well-being.
Human centric lighting has also proven to be effective in improving the concentration, safety and efficiency of employees in workplace.
A study reveals that human centric lighting has wide range of application and benefits and have the potential of billion-dollar business.
Human Centric lighting offers dynamic changes in the color temperature and illuminance and also wide distribution of light stimulating the human organism throughout the day.
The market is being driven by various factors including shift towards LED lights from traditional lighting systems.Get Free Sample Report: https://www.marketresearchfuture.com/sample_request/1062Key Players:Philips (Netherland), Osram (Germany), Strobel Lighting (Austria), NormaGrup Technology (Spain), Arcluce (Italy), Fagerhult (Swedan), Waldmann Lighting (U.S.), 3F Filippi S.p.A. (Italy), ES-SYSTEM S.A. (Poland), CoeLux (Italy) among others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global Human Centric Lighting Market.Industry NewsDecember, 2017, - Osram Opto Semiconductors, a leading lighting and technology company, is the exclusive lighting partner for Rinspeed’s Snap concept car.
Human Centric Lighting solutions can support the human circadian rhythm, enhance concentration, prevent sleeping disorders and improve our overall well-being.Human-centric lighting system comes with a control that can adjust the color temperature of the LED to simulate morning to evening light and create a natural light environment in line with people’s physiological rhythm, suitable for use in an indoor environment that lacks natural lighting.
In addition, human-centric lighting can also be used to influence people’s mood and spirit, with warm colors promoting relaxation while cool colors help with contraction and enhance productivity.Lighting quality is advanced in Europe.
The human centric lighting and environmental lighting will be an illumination trend that is currently popular in European market.
In 2015, there is already some considerable acceptance for human centric lighting solutions in the health sector, however, with little reflection in absolute figures due to the small relevant floor space.
Over the next years, the office sector will gain further relevance, whereas today human centric lighting solutions are partially in use in state-of-the-art commercial centers.Download FREE Sample of this Report @https://www.grandresearchstore.com/report-sample/global-human-centric-lighting-environmental-lighting-2019-2024-762According to this study, over the next five years the Human Centric Lighting and Environmental Lighting market will register a 67.3% CAGR in terms of revenue, the global market size will reach US$ 2150 million by 2024, from US$ 160 million in 2019.
In particular, this report presents the global market share (sales and revenue) of key companies in Human Centric Lighting and Environmental Lighting business, shared in Chapter 3.This report presents a comprehensive overview, market shares, and growth opportunities of Human Centric Lighting and Environmental Lighting market by product type, application, key manufacturers and key regions and countries.This study considers the Human Centric Lighting and Environmental Lighting value and volume generated from the sales of the following segments:Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.Conventional Light SourcesLED Light SourcesSegmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.Health and HospitalityOfficeEducationResidentialIndustrialOther (Wholesale, retail, etc)This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.AmericasUnited StatesCanadaMexicoBrazilAPACChinaJapanKoreaSoutheast AsiaIndiaAustraliaEuropeGermanyFranceUKItalyRussiaSpainMiddle East & AfricaEgyptSouth AfricaIsraelTurkeyGCC CountriesThe report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market.
