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2021
Human Centric Lighting Market

Human Centric Lighting Market by Offering (Hardware (Lighting fixtures and Lighting Controllers), Software, and Services), Installation Type (New Installations and Retrofit Installations), Application (Hospitality, Wholesale & Retail, Residential, Educational Institutions, Enterprises & Data Centers, Healthcare, Industrial) Global Opportunity Analysis and Industry Forecast, 2021–2030

A12973
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Oct 2021 | 132 Views
   
Author(s) : Vineet Kumar
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COVID-19

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Human Centric Lighting Market Outlook - 2030

Human Centric Lighting (HCL) is a type of lighting that is designed to create lighting that matches the natural daylight that drives our body functions and promote employee well-being in the workplace. Its design philosophy takes into account three types of effects that light can have on employees: visual, emotional, and biological. It can help with concentration, safety, and efficiency in the job or in the classroom. It boosts human productivity, comfort, health, and happiness. Light has an impact on human biology, influencing hormones, alertness, attentiveness, and exhaustion, as well as determining our body clock and circadian rhythm. Human centric lighting considers these factors to give a comprehensive and application-oriented approach to human lighting. The human centered lighting market share is expanding due to rise in demand for energy-efficient lighting systems in a variety of sectors, including residential, commercial, retail, hospitality, and public infrastructure. LEDs and other tunable lighting used in these systems use less energy than traditional halogen and incandescent bulbs, making them more widely used.

The global human centric lighting market is segmented on the basis of offering, installation type, application and region, industry vertical and region. Based on offering, the market is divided into hardware, software, services. In terms of installation type, the market is categorized into new installations, retrofit installations, other. On the basis of application, the market is divided into hospitality, wholesale & retail, residential, educational institutions, enterprises & data centers, healthcare, industrial. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).

Key players operating in the global human centric lighting industry include Glamox, Global Lighting Technologies, OSRAM, Philips, Helvar, Legrand, SG Lighting, Lumentix, TRILUX Lighting Ltd., Samsung. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global human centric lighting market.

Market Scope and Structure Analysis

Report Metric

Details

 Market Size Available for Years

 2020–2030

 Base Year Considered

 2020

 Forecast Period

 2021–2030

 Forecast Unit

 Value (USD)

 Segments Covered

 Offering, Installation Type, Application and Region

 Regions Covered

North America - U.S., Canada, Mexico

Europe – UK, Germany, France, Italy, Rest of Europe

Asia-Pacific - China, Japan, India, South Korea, Rest of Asia-Pacific

LAMEA - Latin America, Middle East, Africa

 Companies Covered

Glamox, Global Lighting Technologies, OSRAM, Philips, Helvar, Legrand, SG Lighting, Lumentix, TRILUX Lighting Ltd., Samsung

 

COVID-19 Impact Analysis

The impact of the pandemic on the electronics industry caused a slowdown in the human centric lighting industry in 2020. The poor growth can be ascribed to electronic component vendors' manufacturing capabilities being badly harmed, as well as major supply chain interruptions in the first half of 2020. One of the primary causes contributing to the worldwide market slowdown is the increasing decline in end-user purchasing power around the world. Electronic component producers have faced enormous financial insecurity and capital crunch as a result of the spread of COVID-19 and related lockdown measures.

Top Impacting Factors

Lighting control systems use a variety of communication interfaces such as fluorescent lighting bulb, Incandescent lights, Outdoor solar lights, Light-emitting diode (LED) to control the lighting units across the facility. Every communication technique necessitates the inclusion of specialized electronic circuits in lighting systems. Both replaced and newly installed bulbs may not be compatible with current controls, which might cause problems. Compatibility concerns such as, frequency with which they are used increases, the electrical environment in which the lighting control systems are located becomes more complex, or new lighting devices are deployed, may emerge because then lighting control systems become more complicated and these compatibility difficulties operate as a restraining factor to the human centric lighting controls market growth. Furthermore, the cost of replacing traditional lighting systems with human-centric lighting systems is expensive, which serves as a market restraint. Ambient lighting is needed to maintain the mood, although the initial cost of installation might be significant. The human centric lighting market is inhibited by this limitation.

Market Trends

New Product Launches to Flourish the Market

In March 2020, Samsung Electronics Co., Ltd., a global provider in advanced digital component solutions, announced the LM302N, its first "human-centric" LED packages. The LM302N series is designed with precisely developed light spectra to assist people adapt their melatonin levels indoors, making them feel more active or calm based on their daily life routines. The LM302N from Samsung uses carefully crafted light spectra with optimal levels of cyan to satisfy illumination needs to the extent required at any given time: the LM302N DAY boosts alertness, while the LM302N NITE improves relaxation. These products, which are 3.0x3.0mm in size and protected against humidity and heat, can be used in a wide range of lighting fixtures.

Surge In Usage in LED Lighting Solutions

Because of their qualities, LEDs are highly recommended light sources in human-centric lighting market when compared to other light sources. LED lights are chosen over traditional lights because of their lower energy usage and related cost. In indoor lighting applications, LEDs are replacing traditional light sources such as fluorescent lamps, high-intensity discharge (HID) lamps, and high-pressure sodium (HPS) lamps. Commercial, residential, and industrial lighting are the most common indoor lighting applications. Although LED lights are more expensive than their traditional counterparts, they use 50–80% less energy and require little maintenance for up to 20 years. Warehouses, residential buildings, business facilities, government buildings, and other places employ LED lighting. The key to energy and cost savings in lighting applications is a paradigm shift from traditional lighting systems to linked LED technology. LED lights also save energy by delivering a constant level of light and have a long-life duration, lowering maintenance and replacement expenses. Furthermore, smart lighting solutions based on LED technology are capable of wirelessly communicating critical information to various networks, such as nearby traffic situations, thereby assisting in the reduction of traffic congestion; traditional lights, on the other hand, are not capable of these functionalities.

Key Segments Covered

Segment

Sub-segment

 Offerings

  • Hardware
    • Lighting fixtures
    • Lighting Controllers
  • Software
  • Services

 Installation Type

  • New Installations
  • Retrofit Installations
  • Other

 Application

  • Hospitality
  • Wholesale & Retail
  • Residential
  • Educational Institutions
  • Enterprises & Data Centers
  • Healthcare
  • Industrial


Key Benefits of the Report

  • This study presents the analytical depiction of the human centric lighting market industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the human centric lighting market share.
  • The current market is quantitatively analyzed from 2020 to 2030 to human centric lighting market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the human centric lighting market size.
  • The report provides a detailed human centric lighting market analysis based on competitive intensity and how the competition will take shape in coming years

Questions Answered in Human Centric Lighting Report

  • What are the leading market players active in the human centric lighting market?
  • What are the current trends that will influence the human centric lighting market in the next few years?
  • What are the driving factors, restraints, and opportunities in the human centric lighting market?
  • What are the projections for the future would help in taking further strategic steps?
  • What is human centric lighting market?
  • What does human centric lighting market allow organizations to achieve?
  • Which technologies combine to make human centric lighting trends a critical organizational asset?
  • What are the key benefits of the human centric lighting market report?
  • Which niches should companies associated with recent improvements establish a presence in?
 
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