Press release
Global Human Centric Lighting Market to Reach $7.32 Billion by 2029, Growing at 27.3% CAGR
What Is the Expected Size and Growth Rate of the Human Centric Lighting Market?The market size of human-centric lighting has seen tremendous growth in the past few years. The market, which was valued at $2.18 billion in 2024, is expected to climb to $2.79 billion in 2025, marking a significant compound annual growth rate (CAGR) of 27.7%. The substantial growth during the historical period can be credited to factors such as increased urbanization, a surge in remote work, an expanding aging population, the emergence of intelligent lighting systems, and the escalating adoption of home automation solutions.
The market for human centric lighting is anticipated to witness astronomical growth in the forthcoming years, ballooning to $7.32 billion by 2029, representing a compound annual growth rate (CAGR) of 27.3%. The predicted growth during this period can be linked to an amplified awareness about the advantages of circadian rhythm, an increased call for wellness initiatives in the workplace, the proliferation of retirement homes, an amplified emphasis on the adoption of eco-friendly construction practices, and a heightened focus on energy efficiency. Notable trends during the prognosis period include technological progression, the embrace of dynamic illumination scenes, light therapy systems, the incorporation of advanced Internet of Things technology, artificial intelligence and machine learning, and sophisticated sensors.
What Factors Are Fueling Growth in the Human Centric Lighting Market?
The surge in efforts to create smart cities is projected to fuel the expansion of the human-centric lighting market. Smart cities represent urban spaces that leverage next-gen technology and data-informed solutions to boost resident life quality, streamline urban processes, and foster sustainable growth. The expansion of smart cities is sparked by a blend of tech innovation, urban development necessities, policy assistance, private-sector participation, and community involvement. Human-centric lighting plays an essential role in smart city evolution, fostering urban landscapes that nurture health, productivity, and overall wellness of inhabitants via flexible, biologically efficient lighting systems. For example, as per the Press Information Bureau, a governmental entity based in India, the country's smart cities initiative has made noteworthy progress in 100 cities as of June 2024, green-lighting 8,013 projects at a cost of ?1,64,158 crore ($19.66 billion). Out of these, 7,157 projects have reached completion, costing ?1,43,958 crore ($12.24 billion). As such, the escalating efforts in building smart cities are anticipated to stimulate the human-centric lighting market.
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Which Leading Companies Are Shaping the Growth of the Human Centric Lighting Market?
Major companies operating in the human centric lighting market are Eaton Corporation, Legrand, Signify, Hubbell Incorporated, Acuity Brands Inc., Osram GmbH, Zumtobel Group AG, LEDVANCE GmbH, Seoul Semiconductor Co. Ltd., Fagerhult Group, Trilux GmbH & Co. KG, Lutron Electronics Co. Inc., Cree Lighting, ERCO GmbH, Schréder Group, Beghelli S.p.A., Helvar Ltd., Delta Light NV, GE Lighting, Xicato Inc., OMS Lighting, Herbert Waldmann GmbH & Co. KG
What Are the Major Trends Shaping the Human Centric Lighting Market?
Prominent businesses within the human-centric lighting market are concentrating on launching pioneering products such as intelligent lighting solutions in order to maintain an advantageous position. Intelligent lighting solutions are sophisticated lighting systems that utilize internet connectivity, sensor technology, and automation for energy efficiency, convenience improvement, and heightened lighting environment control. For example, in May 2024, Signify N.V., a lighting company based in the Netherlands, introduced the NatureConnect lighting system. The NatureConnect system mimics the natural sunshine to enhance personal wellness, which includes better sleep, improved mood, and heightened focus. It provides bespoke, energy-saving solutions for professional environments, hospitality sector, and healthcare services.
What Are the Key Segments of the Human Centric Lighting Market?
The human centric lighting market covered in this report is segmented -
1) By Component: Sensors, Drivers, Microprocessors And Microcontrollers, Switches And Dimmers, Transmitters And Receivers
2) By Installation Type: New Installations, Retrofit Installations
3) By Application: Wholesale And Retail, Enterprises And Data Centers, Residential, Educational Institutions, Healthcare, Industrial, Hospitality
Subsegments:
1) By Sensors: Ambient Light Sensors, Motion Sensors, Presence Sensors, Color Temperature Sensors, Brightness Sensors
2) By Drivers: LED Drivers, AC-DC Drivers, Dimmable Drivers, Constant Current Drivers, Constant Voltage Drivers
3) By Microprocessors and Microcontrollers: Microcontrollers for Lighting Control, Microprocessors for Smart Lighting Systems, Integrated Circuits (ICs) for Lighting Systems, Wireless Communication Controllers
4) By Switches and Dimmers: Manual Switches, Smart Switches, Dimmer Switches, Touch-sensitive Switches, Wi-Fi/Bluetooth-enabled Dimmers
5) By Transmitters and Receivers: Wireless Transmitters, Wireless Receivers, Bluetooth Transmitters/Receivers, Zigbee-enabled Transmitters/Receivers, Infrared (IR) Transmitters/Receivers
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Which Region Dominates the Human Centric Lighting Market?
North America was the largest region in the human centric lighting market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the human centric lighting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Human Centric Lighting Global Market Report?
- Market Size Analysis: Analyze the Human Centric Lighting Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Human Centric Lighting Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Human Centric Lighting Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Human Centric Lighting Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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