The Latin America, Middle East and Africa Human Centric Lighting Market would witness market growth of 31.5% CAGR during the forecast period (2023-2030).
The market is characterized by dynamic trends that reflect the evolving needs and preferences of end-users. One prominent trend is the increasing emphasis on personalized lighting solutions. As technology allows for greater customization, individuals and organizations seek lighting setups tailored to specific preferences, daily routines, and individual health conditions. This trend aligns with the broader movement towards personalized experiences in various aspects of modern life.
Moreover, another noteworthy trend is the integration of smart technologies with HCL systems. The advent of the Internet of Things (IoT) and connected devices has facilitated the development of smart lighting solutions that can be controlled and monitored remotely. From mobile apps that allow users to adjust lighting settings to sensors that respond to occupants' behavior, the synergy between HCL and smart technologies is reshaping the market landscape.
The UAE has invested heavily in developing state-of-the-art healthcare facilities, including hospitals and medical centers. Integrating advanced technologies, including HCL, aligns with the modernization goals of these healthcare institutions. According to the report titled The UAE Healthcare Sector, released in June 2021 by the US-UAE Business Council, in 2018, according to the World Bank, healthcare expenditures in the U.A.E. reached $18.2 billion and were expected to rise to $21.3 billion by 2021. Healthcare spending is expected to increase from 4.27% of the country's GDP in 2018 to 4.6% by 2026. Therefore, growing healthcare sector in LAMEA region will assist in the growth of the regional market.
The Brazil market dominated the LAMEA Human Centric Lighting Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $247.8 million by 2030. The Argentina market is showcasing a CAGR of 32.2% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 31% during (2023 - 2030).
Free Valuable Insights: The Worldwide Human Centric Lighting Market is Projected to reach USD 12.4 Billion by 2030, at a CAGR of 29.2%
Based on Installation Type, the market is segmented into New Installations, and Retrofit Installations. Based on Offering, the market is segmented into Hardware (Fixtures, Controllers), Software, and Services. Based on Controllers Type, the market is segmented into Sensors, Drivers, Microprocessors & Microcontrollers, Switches & Dimmers, Transmitters & Receivers. Based on Application, the market is segmented into Healthcare, Enterprises, Residential, Industrial, Education, Hospitality, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Installation Type
By Offering
By Application
By Country
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