According to a new report, published by KBV research, The Global Human Centric Lighting Market size is expected to reach $12.4 billion by 2030, rising at a market growth of 29.2% CAGR during the forecast period.
In recent years, the lighting industry has witnessed a paradigm shift, moving beyond traditional illumination to a realm where light brightens spaces and positively impacts human well-being and productivity. This evolution has given rise to the human centric lighting market, a dynamic sector that aligns lighting solutions with the natural rhythms of human circadian cycles. Adopting human centric lighting (HCL) has gained remarkable momentum across various sectors, reflecting a growing recognition of light's profound influence on human physiology, mood, and overall health.
In addition, human centric lighting applications extend across various environments, from offices and healthcare facilities to educational institutions and residential spaces. In office settings, where productivity and employee well-being are paramount, HCL is harnessed to create dynamic lighting conditions that mimic natural daylight's changing intensity and color. Such an approach aims to synchronize lighting with employees' circadian rhythms, promoting daytime alertness and facilitating relaxation in the evening.
The Retrofit Installations segment is experiencing a CAGR of 30% during (2023 - 2030). Retrofitting existing lighting systems with human-centric solutions is often more economical than implementing entirely new installations. This cost advantage has made HCL accessible to a broader range of businesses and individuals, fostering increased adoption across various sectors. As a result, the segment will witness enhanced demand in the segment.
The Hardware segment is leading the Global Human Centric Lighting Market by Offering in 2022; thereby, achieving a market value of $7.6 billion by 2030. Advances in hardware technologies, including more efficient light-emitting diodes (LEDs), sensors, and control systems, contribute to the growth of the hardware segment. As technology evolves, new and improved hardware solutions are introduced, offering enhanced functionalities, energy efficiency, and adaptability. Thus, these aspects will boost the demand in the segment.
The Residential segment is registering a CAGR of 30.1% during (2023 - 2030). Advances in hardware technologies, including more efficient light-emitting diodes (LEDs), sensors, and control systems, contribute to the growth of the hardware segment. As technology evolves, new and improved hardware solutions are introduced, offering enhanced functionalities, energy efficiency, and adaptability. Thus, these aspects will boost the demand in the segment.
Full Report: https://www.kbvresearch.com/human-centric-lighting-market/
The Europe region dominated the Global Human Centric Lighting Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $4.4 billion by 2030. The North America region is poised to grow a CAGR of 29% during (2023 - 2030). Additionally, The Asia Pacific region would witness a CAGR of 30% during (2023 - 2030).
By Installation Type
By Offering
By Application
By Geography
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