Human Centric Lightings Market Sales, Trend, Revenue, Region, Application and Forecast to 2023

Market Research Future (MRFR) has announced a new release on the global human-centric lighting market. The report examines the segmentation of the global human-centric lighting market to assess the market’s present condition and presents forecasts as to the market’s growth over the 2018-2023 forecast period.

Human-centric lighting comprises lighting systems that shift their light spectrum throughout the day to match the natural sunlight spectrum, in order to maintain a positive, naturally oriented mood among the building’s occupants. Scientific research into the effects of the various wavelengths of light on the human brain has picked up steam in the last few decades. It has been shown that humans have evolved to become excited and alert when exposed to blue light, which is abundant during daytime, and become sleepy and relaxed when the level of blue light drops and warm lights such as yellows and orange increase. This has been put to use in an efficient manner in human-centric lighting in various applications, as maintaining a positive mindset among the occupants is a highly innovative and positive application for lighting equipment.

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The growing application of human-centric lighting in the healthcare sector is likely to drive the global human-centric lighting market over the forecast period. The benefits of helping patients maintain a positive mindset are obvious, which has led to growing adoption of human-centric lighting in the healthcare sector. This is likely to be a major driver for the global human-centric lighting market over the forecast period.

Competitive Analysis:

Major players in the global human-centric lighting market include Seoul Semiconductor Co. Ltd., Osram Licht AG, NormaGrup Technology, Koninklijke Philips NV, Zumtobel AG, Waldmann Lighting, CoeLux S.r.l., Glamox, Legrand SA, Arcluce S.p.a., Hubbell Inc., and ES-SYSTEM S.A.

Product innovation is likely to remain the major competitive channel for companies in the global human-centric lighting market. For instance, Seoul Semiconductor Co. Ltd. won the Most Creative LED Technology Award in OFweek China LED Lighting Awards 2018 for its SunLike series of natural spectrum LEDs. SunLike LEDs match the solar spectrum and thus help produce a healthy, naturally oriented environment indoors. Such product development is likely to be a popular strategy for companies in the global human-centric lighting market over the forecast period.

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Segmental Analysis:

The global human-centric lighting market is segmented into healthcare, residential, retail, education, industrial, and others on the basis of application. Healthcare and residential applications of human-centric lighting are likely to dominate the global human-centric lighting market over the forecast period. The growing prevalence of depression is likely to propel the demand from the human-centric lighting market from the residential sector, as lighting that adjusts its wavelength according to the time of day is a significant aid in maintaining a positive mindset and can help ward off depression.

On the basis of component type, the global human-centric lighting market is segmented into microprocessors and microcontrollers, sensors, transmitters and receivers, switches and dimmers, and drivers.

Regional Analysis:

The global human-centric lighting market is geographically segmented into North America, Europe, Asia Pacific, and Rest of the World. Europe is likely to dominate the global human-centric lighting market over the forecast period due to the high awareness regarding the beneficial effects of adjustable lighting and supportive government programs to encourage the adoption of human-centric lighting. Human-centric lighting is expected to comprise up to 7% of all lighting in Europe by 2020, leading to the region’s steady dominance in the global human-centric lighting market.

North America is also likely to be a major contributor to the global human-centric lighting market over the forecast period due to the rapid technological advancement in the region, which has enabled steady technological progression and widespread adoption of human-centric lighting systems.

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