Press release
Human Centric Lighting Market Size Projected To Reach $7.32 Billion By 2034 With A Cagr Of 27.3%
Human Centric Lighting Market Size
What Is the Projected Growth of the Human Centric Lighting Market?
The human centric lighting market has seen exponential growth in recent years. It is expected to grow from $2.18 billion in 2024 to $2.79 billion in 2025 at a compound annual growth rate (CAGR) of 27.7%. This growth can be attributed to increasing urbanization, the rise in remote work, an aging population, the adoption of smart lighting systems, and the growing use of home automation solutions.
The human centric lighting market is set to experience exponential growth, reaching $7.32 billion by 2029 at a CAGR of 27.3%. The growth is fueled by increasing awareness of circadian rhythm benefits, rising demand for workplace well-being, the establishment of elderly homes, the focus on green building practices, and growing attention to energy efficiency. Major trends include technological advancements, dynamic lighting scenes, light therapy solutions, IoT, AI, machine learning, and advanced sensors.
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What Are the Different Human Centric Lighting Market Segments?
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, Healare, 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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What Are the Primary Drivers Shaping the Human Centric Lighting Market?
The increasing initiatives towards establishing smart cities are expected to propel the growth of the human-centric lighting market. Smart cities leverage advanced technology and data-driven solutions to improve urban life, efficiency, and sustainability. Human-centric lighting is a key component of these urban innovations, promoting health, well-being, and productivity through adaptive, biologically optimized lighting systems. In June 2024, India's smart cities initiative reached a milestone with 100 cities and thousands of approved projects aimed at urban development, worth billions of dollars. Therefore, the development of smart cities is expected to accelerate the demand for human-centric lighting systems.
Which Companies Are Leading in 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 Latest Developing Trends in the Human Centric Lighting Market?
Leading businesses in the human-centric lighting market are working to secure a competitive advantage by unveiling ground-breaking products like smart lighting solutions. Smart lighting refers to a highly sophisticated lighting system that leverages internet connectivity, sensors, and automation to maximize energy efficiency, increase convenience, and enhance control over the lighting environment. For instance, Signify N.V., a lighting corporation based in the Netherlands, unveiled its NatureConnect lighting system in May 2024. This system mimics the natural sunlight to enhance several aspects of well-being, including better sleep patterns, mood regulation, and increased focus. NatureConnect offers adaptable, energy-saving solutions for the professional, hospitality, and healare sectors.
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What Are the Top Revenue-Generating Geographies in 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Human Centric Lighting Market?
2. What is the CAGR expected in the Human Centric Lighting Market?
3. What Are the Key Innovations Transforming the Human Centric Lighting Industry?
4. Which Region Is Leading the Human Centric Lighting Market?
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