Global Human Centric Lighting Market

Global Human Centric Lighting Market Size, Share, Growth Analysis, By Type(New and Retrofit), By Application(Wholesale Retail, Enterprises) - Industry Forecast 2024-2031

Report ID: SQMIG45K2065 | Region: Global | Published Date: March, 2024
Pages: 197 | Tables: 65 | Figures: 77

Global Human Centric Lighting Market News

  • In March 2023, Cree Inc. announced the launch of its new HCL product line, called the Cree Connected Lighting. The Cree Connected Lighting is a suite of HCL products that can be controlled using a smartphone or tablet.
  • In February 2023, Acuity Brands Inc. announced the acquisition of Zumtobel Group. Zumtobel is a leading provider of HCL solutions in Europe. The acquisition will help Acuity Brands to expand its presence in the European HCL market.
  • In January 2023, Signify Lighting NV announced the launch of its new HCL product line, called the Philips Hue Go. The Philips Hue Go is a portable HCL lamp that can be used to create different lighting moods in any room.
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Global Human Centric Lighting Market size was valued at USD 1.59 Billion in 2022 and is poised to grow from USD 2.01 Billion in 2023 to USD 13.04 Billion by 2031, at a CAGR of 26.34% during the forecast period (2024-2031).

The players in the HCL market are focusing on research and development to introduce advanced lighting technologies, enhance energy efficiency, and improve user experience. They are also investing in strategic partnerships, collaborations, and acquisitions to expand their product portfolios and geographic presence. 'Signify N.V. (Netherlands)', 'Acuity Brands, Inc. (United States)', 'Zumtobel Group AG (Austria)', 'OSRAM GmbH (Germany)', 'Cree, Inc. (United States)', 'Hubbell Incorporated (United States)', 'Fagerhult Group (Sweden)', 'Eaton Corporation plc (Ireland)', 'Helvar (Finland)', 'Glamox AS (Norway)', 'Waldmann GmbH & Co. KG (Germany)', 'Thorn Lighting Ltd. (United Kingdom)', 'Schréder Group (Belgium)', 'Trilux GmbH & Co. KG (Germany)', 'Lutron Electronics Co., Inc. (United States)', 'Legrand S.A. (France)', 'Coolon LED Lighting (Australia)', 'ERCO GmbH (Germany)', 'Ligman Lighting Co., Ltd. (Thailand)', 'Nualight Limited (Ireland)', 'Zumtobel Lighting GmbH (Austria)', 'LEDVANCE GmbH (Germany)'

Governments and regulatory bodies in many countries are implementing regulations and standards to promote lighting quality and energy efficiency. These regulations often include guidelines for lighting systems that prioritize human well-being, productivity, and health. Compliance with such regulations is driving the adoption of HCL systems, as they offer lighting solutions that meet these quality and efficiency requirements.

Circadian lighting is a key trend in the HCL market. It involves designing lighting systems that mimic the natural progression of light throughout the day to support the body's circadian rhythm. Manufacturers are developing lighting solutions that provide dynamic changes in colour temperature and intensity, aligning with the natural daylight cycle. Circadian lighting aims to enhance sleep quality, improve alertness, and regulate the body's physiological processes.

In 2022, the smart lighting market in APAC was worth 22.34% of the total market. The market for human-centric lighting is anticipated to develop at the quickest rate during the anticipated period in APAC. APAC has tremendous growth potential for the human-centric lighting industry, and consumers are expected to accept these systems as essential components of the digitalized home. The expansion of the human-centric lighting market in APAC is greatly aided by the rising construction activity there. There will certainly be a number of new opportunities for energy-efficient lighting and home automation in this region over the next few years due to the anticipated building of 200 million dwellings in China and 18 million homes in India. The human-centric lighting market in China is anticipated to be driven by the country's expanding economy, which increases the demand for lighting systems. In the next few years, Japan will overtake China as the second-largest market in APAC for human-centric lighting. The development initiatives in APAC are supported by the region's expanding population and demand for housing infrastructure. This has increased demand for human-centered lighting in the area.

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