Human Centric Lightings Market 2019 Size, Growth, Industry Trends, Segmentation, Historical Analysis, Demands, Latest Innovation, Emerging Technology by Forecast to 2023

Global Human Centric Lightings Market Information, by Application (Industrial, Offices/Commercial, Education, Medical, Residential), by Region (America’s, Europe, Asia-Pacific & RoW) - Forecast 2019-2023. Human Centric Lighting Market owing to factors such as presence of global players in the region and heavy investment by key players in the new product development and R&D.

Market Highlights:

Human-centric lightings can be used for across various industrial sectors. Market Research Future (MRFR) has published a research report about the global human-centric lightings market that predicts huge economic prospects for this market during the forecast period between 2018 and 2023.

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The major factor pushing the global human-centric lightings market to grow is the use of human-centric lightings in various sectors. In residential spaces, human-centric lighting prevents mood fluctuations and depression. They also improve the emotional & physical well-being of residents, especially older people. Such lighting can also reduce the intake of sleep-inducing drugs. At commercial spaces and corporate offices, the human-centric lighting can not only balance lack of daylight, but it can also improve the well-being of the employees. The second most important market driving factor is increasing the adoption of solid-state lighting that is resulting in market growth. Integration with the internet of things (IoT) environment is also boosting the market growth. However, limited awareness of the scientifically proven benefits of human-centric lighting can be a hurdle in the market growth.

Key Players

Major players in the global human-centric lightings market include Arcluce S.P.A. (Italy), CoeLux S.R.L (Italy), ES-SYSTEM S.A. (Poland), Fagerhult AB (Sweden), Glamox (Norway), Hubbell Inc. (USA), Koninklijke Philips NV (The Netherlands), Legrand SA (France), NormaGrup Technology (Spain), Osram Licht AG (Germany), Seoul Semiconductor Co Ltd (South Korea), Waldmann Lighting (USA), and Zumtobel AG (Austria).

Market Segmentation

The global human-centric lightings market segmentation covers application and component type. MRFR is exploring the features of these segments to understand market trends.

Based on the application, the market segmentation covers education, healthcare, industrial, residential, retail, and others. Healthcare segment is expected to dominate the market during the forecast period as hospitals, and elderly care centers use human-centric lightings.

By component type, this market has been segmented into drivers, microprocessors & microcontrollers, sensors, switches & dimmers, and transmitters & receivers.

Regional Segmentation

The regional segmentation of the global human-centric lightings market covers Europe, Asia Pacific, North America, and rest of the world (RoW).
During the forecast period, Europe is expected to dominate the global market with 7% CAGR. In this region, the market is growing due to the increasing adoption of human-centric lighting solutions, as well as support from the government and other regulatory bodies. Considerable marketing investments and joint industry investments are also boosting the market growth. Countries that dominate the market revenue in this region are Germany, Spain, and the UK. France is another important country-specific market here. Majority of the important players in this market are based in Europe.

North America is the second largest regional market due to the adoption of the latest technologies, such as IoT and artificial intelligence (AI) due to superior information technology (IT) infrastructure support. Many important country-specific markets are based in this region. Notable country-specific markets in this region are the USA, Canada, and Mexico.

Asia Pacific region can elevate as the fastest growing regional market due to growing awareness about energy efficiency and the presence of major semiconductor manufacturers in China. The biggest country-specific markets after China are Japan and Taiwan. India is another significant country-specific market in this region. Remaining countries of this region also contribute significantly to the market revenue.

The RoW segment covers Latin countries and the Middle East & Africa (MEA) region. In Latin countries, the market growth is limited due to the limited availability of technology in this region. The most powerful economies in this region that can emerge as powerful markets are Argentina and Brazil. In the MEA region, the market is limited due to the lack of technology and lack of skilled professionals.

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Latest Industry News

• Light Emitting Diode (LED)-manufacturer ERP has acquired Lumenetix and that company’s Araya light engine technology. Now ERP can supply all of the enabling technology that is required for a lighting manufacturer to initiate the development of tunable luminaires with integral intelligence and connectivity. 17 JUNE 2019

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This release was published on openPR.