Human Centric Lighting Market Size

Human Centric Lighting Market Size

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.

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.