Human Centric Lighting Market to cross USD 6 billion by 2025

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Human Centric Lighting Market to reach USD 6
billion by 2025 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Human Centric Lighting Market

• Global Human Centric Lighting Market is set to
  grow from its current market value of more than
  1.25 billion to over 6 billion by 2025
  according to a new research report by Global
  Market Insights, Inc.
• The rapid transformation of the existing
  structures and development of advanced smart
  infrastructures across various industries
  including commercial, healthcare, and hospitality
  is driving the human centric lighting market.
  Increasing research activities related to body
  dynamic light solutions implementing them by
  replacing the traditional halogen bulbs is
  promoting industry development. Conventional
  lights have various harmful impacts on human
  vision and effect working moods due to improper
  illumination. As a result, the application
  industries are switching to LED options operated
  through controllers software, further adding to
  the demand for the market solutions.

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Continued...

• The human centric lighting market is impacted by
  the absence of common industry-specific
  standards. Lack of regulatory framework related
  to the technology is limiting the expansion due
  to safety security risks. Developing body
  dynamic illumination systems do not require
  regulations, which may harm the occupants in case
  of system failure other fatalities.
  Additionally, incompatibility of these systems
  with conventional lights hinders the market
  consumption owing to high initial investments.
• The software segment in the market will grow at
  25 CAGR from 2019 to 2025. It can be credited to
  the light system controlling maintenance
  features installed in the products. The software
  is capable of altering the color brightness
  temperature for suiting different people,
  activities, and timing. The software integrated
  products are being developed with touchscreens,
  allowing offices, hospitals, retailers, etc. to
  change the light settings. Additionally, the
  industry players are developing new software and
  hardware components to enhance HCL offerings and
  aid the consumer sector in boosting
  concentration, alertness, and mood of the
  employees.

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Global human centric lighting market, by
solution, 2018

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Continued...

• Retrofit settings in the human centric lighting
  market was valued at over USD 50 million in 2018
  and are developing steadily due to the growing
  consumer awareness related to the impact of
  illumination on human psychology majorly in the
  commercial sector. The existing business, retail,
  and enterprise infrastructures are experiencing
  the need for advanced natural illumination to
  create comfortable aesthetics for employees,
  workers, and consumers.
• The human centric lighting market solutions are
  gaining popularity in North America owing to the
  rising focus on infrastructure transformation and
  several new construction projects across various
  industry verticals. The increasing utilization of
  advanced LED lights in the U.S. and Canada due to
  energy-efficiency features and replacement of
  incandescent bulbs is driving the product demand.
  Moreover, the rising focus of North American
  countries to reduce high electricity power
  consumption by replacing conventional lighting
  systems with smart technologies is supporting the
  market growth.

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Continued...

• The prominent companies present in the human
  centric lighting market are Signify, Hubbell
  Inc., Zumtobel Group AG, Osram Licht Group,
  Lextar Electronics, Legrand, Trilux, Healthe,
  Glamox, and Wipro Lighting. Players operating in
  the market are focusing on the development of
  application-specific systems specifically for the
  healthcare, elderly care, and commercial sectors.
  
• Newly developed body dynamic solutions include
  efficient controllers and software that allow
  users to control the brightness and color
  temperature depending on natural light
  conditions. For instance, in October 2018,
  Legrand and Lumileds announced their partnership
  for developing easy integrable and installable
  tunable light solutions. These new products aid
  the companies to promote high adoption of tunable
  LEDs across healthcare, hospitality, education,
  and commercial applications.

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Industry Coverage

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Table OF Content
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 industry
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
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