Human Centric Lighting Market Size By Solution (Hardware [Lighting Fixtures, Lighting Controllers], Software, Service), By Installation Type (New Installation, Retrofit), By Application (Residential, Commercial, Industrial, Institutional, Healthcare), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027

Industry Trends

Human Centric Lighting Market size exceeded USD 1 billion in 2020 and is expected to grow at around 25% CAGR between 2021 and 2027. Growing popularity of new lighting innovations and initiatives toward replacing conventional lights is likely to drive industry growth.
 

Human centric lighting refers to lighting solutions designed specifically to produce a beneficial psychological and/or physiological effect upon humans. It supports human health, well-being, and performance through deterministic and holistic planning and implementation of the visual, emotional and, in particular, biological effects of light.
 

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The emergence of advanced lighting technologies including LEDs, smart bulbs, controllers, and intelligent & tunable fixtures is promoting the implementation of smart & controllable light systems, enhancing the market share. Due to the addition of sensors and wireless controllers, light fixtures are becoming more intelligent by allowing users to control illumination through smartphones, controller devices, computer panels.
 

The increasing demand for energy-efficient lighting systems in various sectors, including residential, commercial, retail, hospitality, and public infrastructure is driving the human centric lighting industry expansion. LEDs and various tunable fixtures used in these systems consume less power compared to conventional halogen & incandescent lamps, enhancing the adoption of these systems.
 

Along with energy efficiency features, these lights also offer compatibility with circadian rhythms and lower harmful impacts on visual & non-visual health. Moreover, increasing research activities related to the implementation of energy-efficient lighting technologies are supporting the market outlook globally.
 

The factors hampering the market growth include high maintenance and ownership costs associated with human centric lighting systems. These lighting systems include tunable fixtures, lights, and software that are costly owing to energy efficiency and body dynamic features, hindering the market representation of human centric lighting systems. These systems also incur high installation costs impelled by the complex architecture and lighting design. However, the improvement in employee efficiency and enhancement of the commercial & healthcare environment through human centric lighting systems outweigh these costs.
 

The global human centric lighting market witnessed a slowdown in 2020 on account of the impact of the pandemic on the electronics industry. The slow growth can be attributed to the severely impacted manufacturing capabilities of electronic component providers and severe disruptions in the supply chain during the first six months of 2020. The rapid decrease in the purchasing power of end-users across the globe is also one of the major factors responsible for the global market slowdown. Due to the spread of COVID-19 and subsequent lockdown measures, electronic component manufacturers have faced huge financial insecurities and capital crunch.
 

High demand for long-lasting LED fixtures will spur the market

The hardware solution segment is anticipated to witness an upward trend during the forecast timeline driven by the rising demand for low energy consuming and long-lasting LED fixtures. The hardware segment will grow at more than 26% CAGR through 2027. Hardware components, such as controllers & fixtures, are witnessing a high demand owing to visual benefits and technical advancements.
 

The human centric lighting market is also fueled by advancements in materials, manufacturing processes, and technologies to improve product functionality and energy efficiency. The lighting fixtures made up of 100% recycled materials, such as discarded plastic bottles and recycled cement & paper, are gaining more attention in the market. Governments across the globe are also focusing on initiating various lighting projects, which aid in the growth of lighting fixtures. High investments by industry players in launching new products coupled with commercial and healthcare sector initiatives toward the adoption of human centric lighting systems will contribute to the market revenues.
 

Growing construction activities will augment the market demand

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The new installation segment accounted for over 90% of the human centric lighting market share in 2020 led by factors such as an increase in new construction activities and penetration of smart home automation solutions. Furthermore, rising government support for energy-efficient intelligent lighting systems will contribute to the surging market growth.
 

Significant transformations in commercial & healthcare structures and the necessity to integrate intelligent lighting control systems are also increasing the demand for human centric lighting in new installations. Additionally, to support energy conservation initiatives and to comply with government regulations, new construction project owners are moving toward environment-friendly lighting systems, increasing the market revenues from the new installation segment.
 

Increasing adoption in the commercial segment is fueling the market

Commercial application held above 45% share in the human centric lighting market in 2020. Commercial applications including business enterprises, offices, banks, retail stores, malls, and restaurants will expand at a high CAGR through 2027 on account of the infrastructure transformation initiatives.
 

The deployment of human centric lighting in commercial settings aids in the improvement of the occupant’s mood, concentration, and provides natural light effects, boosting the industry statistics. Employers and retailers across the globe are focused on enhancing the work & store environments to promote human wellbeing and gain cost & productivity benefits, supporting the market demand for human centric lighting systems.
 

Rapid increase in the acceptance of lighting systems in elderly care in Europe

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The Europe human centric lighting market valued at around USD 750 million in 2020. The European market is developing at a rapid pace till 2027 propelled by the increasing usage of intelligent light systems in healthcare and commercial segments. Healthcare facilities and elderly care residences are implementing body dynamic lighting solutions to provide better environments and gain health-related benefits, enhancing the market representation. The increasing government focus and initiatives related to the provision of enhanced workplace facilities and a patient-friendly & comfortable atmosphere are fostering market revenue.
 

An increase in the population in Germany will boost the demand for infrastructural developments in the country. According to the data published by the World Bank, the total population in Germany increased from 82.9 million in 2018 to 83.1 million in 2019. The increase in the population over the years will compel the demand for new homes & building constructions, contributing positively to the market growth.
 

Players focusing on new product launches to enhance the market share

Manufacturers are focused primarily on strategic partnerships and product portfolio expansion to enhance their market share. For instance, in December 2020, Signify and Honeywell International Inc. entered into a strategic partnership to deploy smart and integrated lighting solutions for commercial buildings. This assisted the companies to extend their services to a mass audience.
 

The prominent players in the human centric lighting market include Signify, Osram Licht Group, Zumtobel Group AG, Hubbell Inc., Glamox, TRILUX GmbH & Co. KG, Wipro Lighting, Legrand, and Healthe.
 

This market research report on human centric lighting includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2016 to 2027 for the following segments:

Market, By Solution

• Hardware
  • Lighting Fixtures
  • Lighting Controllers
• Software
• Service

Market, By Installation Type

• New Installation
• Retrofit

Market, By Application

• Residential
• Commercial
• Industrial
• Institutional
• Healthcare

The above information has been provided for the following regions and countries:

• North America 
  • U.S.
  • Canada
• Europe 
  • UK
  • Germany
  • France
  • Italy
  • Russia
• Asia Pacific 
  • China
  • India
  • Japan
  • South Korea
• Latin America 
  • Brazil
  • Mexico
• Middle East & Africa 
  • UAE
  • Saudi Arabia
  • South Africa