Press release
Human Centric Lighting Market 2021: Global Analysis of Key Manufacturers, Dynamics & Forecast 2026
The Human Centric Lighting Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.The global human centric lighting market is projected to grow at a CAGR of 23.48% during the forecast period (2020 - 2025).
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Top Leading Companies of Human Centric Lighting Market are Signify Lighting NV, OSRAM GmbH, Trilux Lighting Ltd., Wipro Lighting, Glamox SA, Semiconductor Co., Ltd., Legrand SA, Hubbell Inc., Zumtobel Group AG, Waldmann Lighting, Helvar and others.
Competitive Landscape:
- July 2019 - Signify announced that it has acquired a 51% stake in Chinese LED lamp maker Klite Lighting. Before Signify, the stake was owned by Zhejiang Klite Lighting Holdings Co. This growth is expected to strengthen the Signify's position in Asia and reduce production costs.
Key Market Trends:
Rising Demand for LEDs and IoT Devices is Expected to Augment the Market
- The growing adoption of LED lighting systems across various industries is taking the lighting systems to the next level of innovation, towards human centric lighting. According to ELCOMA, the Indian LED market is expected to reach INR 216 billion by 2020 with a CAGR of 41%.
- The environmental benefits and less power consumption of LEDs are driving the demand across the globe. According to Theclimategroup, lighting accounts for nearly 6% of the global CO2 emissions and global switch to energy-efficient LEDs is expected to save 1,400 million tons of CO2 and avoid construction of 1,250 power stations.
By Type:
Hardware
Software
By End-User Application:
Commercial
Industrial
Residential
Regional Analysis:
Europe is Expected to Hold a Significant Share of the Market
- Europe currently holds the major share of the LED lighting market, owing to which it currently holds a significant share of the human centric lighting market. Europe holds a major share in smart lighting system as well and is home to a number of major vendors of the human centric lighting (HCL) systems. For instance, OSRAM Lighting, one of the major vendor of HCL is situated in Germany; during fiscal 2018 the company's revenue stood at EUR 4,115 million.
- Europe is a significant market for the lighting industry, irrespective of types. Owing to the early adoption and fast-paced modernization of electrical systems the region has grown exponentially. According to LightingEurope, the region's annual industry turnover stood at EUR 20 billion.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Human Centric Lighting Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Human Centric Lighting Market (%),2016 - 2026
- Human Centric Lighting Market Share, By Brand
- Human Centric Lighting Market Share, By Company
- Human Centric Lighting Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Human Centric Lighting Market Value Analysis & Forecast
- Promising Human Centric Lighting Development by Major Companies
- Detailed Human Centric Lighting Portfolio of the Major Companies
- Major Deals in the Human Centric Lighting Market
- Major Companies Analysis
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Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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