
The Human Centric Lighting Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Human Centric Lighting Global Market Report 2024, The human centric lighting market size is expected to see exponential growth in the next few years. It will grow to $5.75 billion in 2028 at a compound annual growth rate (CAGR) of 27.4%. The growth in the forecast period can be attributed to increasing awareness of circadian rhythm benefits, rising demand for workplace well-being initiatives, increasing establishments of elderly homes, increasing focus on green building practices, and growing focus on energy efficiency. Major trends in the forecast period include technological advancements, the adoption of dynamic lighting scenes, light therapy solutions, advanced Internet of Things technology, artificial intelligence and machine learning, and advanced sensors.
The increasing initiatives towards establishing smart cities are expected to propel the growth of the human-centric lighting market. A smart city is an urban area that uses advanced technology and data-driven solutions to enhance the quality of life for its residents, improve efficiency in urban operations, and promote sustainable development. The growth of smart cities is driven by a convergence of technological innovation, urban development needs, policy support, private sector involvement, and community engagement. Human-centric lighting is a crucial component of smart city development, helping to create urban environments that support residents' health, productivity, and overall well-being through adaptive, biologically optimized lighting systems. For instance, in June 2024, according to the Press Information Bureau, an Indian-based government agency, the smart cities mission in India has achieved significant advancements in 100 cities, with a total of 8,013 projects approved at a cost of ₹1,64,158 crore ($19.66 billion), of these, 7,157 projects have been completed, amounting to ₹1,43,958 crore ($12.24 billion). Therefore, increasing initiatives towards establishing smart cities will drive the human-centric lighting market.
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The human centric lighting market covered in this report is segmented –
1) By Component: Sensors, Drivers, Microprocessors And Microcontrollers, Switches And Dimmers, Transmitters And Receivers2) By Installation Type: New Installations, Retrofit Installations3) By Application: Wholesale And Retail, Enterprises And Data Centers, Residential, Educational Institutions, Healthcare, Industrial, Hospitality
Major companies operating in the human-centric lighting market are focused on developing innovative products, such as RAPID lighting control systems, and adjusting lighting based on occupancy, daylight availability, and user preferences in real-time. Responsive artificial intelligence platforms for intelligent lighting design (RAPID) lighting control systems are advanced technologies designed to optimize lighting environments based on real-time data and user needs. For instance, in May 2021, Legrand, a France-based company specializing in building infrastructure and electrical work, introduced Circadian Lighting Control as part of their Rapid Lighting Control System. The system integrates advanced sensors that monitor real-time occupancy and daylight levels, enabling precise lighting intensity and color temperature adjustments. This capability ensures optimal lighting conditions tailored to individual preferences, promoting a comfortable and productive environment.
The human centric lighting market report table of contents includes:
1. Executive Summary2. Market Characteristics3. Market Trends And Strategies4. Impact Of COVID-195. Market Size And Growth6. Segmentation7. Regional And Country Analysis...27. Competitive Landscape And Company Profiles28. Key Mergers And Acquisitions29. Future Outlook and Potential Analysis
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