Human Centric Lighting Market Growth Analysis, Industry Size, Market Opportunities and Future Estimations

The human centric lighting market is likely to register tremendous gains over the coming years due to rapid increase in the demand for smart cities, proliferation of various industries across the globe, increasing construction of new buildings and homes, and integration of Bluetooth and sensors in lighting systems.
Human centric lighting is the art of bringing natural changes of light intensity as well as color temperatures indoors by utilizing artificial light to mimic natural daylight. In general terms, it is an artificial indoor lighting focused at replicating the day-to-day outdoor rhythm of natural light. It is known to support human performance, well-being, health, and comfort.
The prime focus of human centric lighting is the basic needs of a human being of their leisure, work environments as well as living. Human centric lighting systems are also used to minimalize energy costs. At the present time, the right color temperature is being taken into considerations as a novel and an essential component of lighting control solutions.
The human centric lighting market is segmented in terms of solution, installation type, application, and regional landscape.
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With respect to solution, the human centric lighting market is classified into services, software, and hardware. Among these, the hardware segment is likely to witness a respectable CAGR of over 25% through the forecast time period. The segmental growth is attributed to the integration of sensors, as well as Bluetooth in lighting systems.
Based on installation type, the overall market is divided into retrofit and new installations. New installations segment is expected to grow at a CAGR of 25% through the slated timeframe. The anticipated growth is majorly ascribed to the increasing construction of new buildings and homes.
In terms of application, the overall market for human centric lighting is bifurcated into healthcare, institutional, industrial, commercial, and residential. In 2020, the industrial application segment held around 20% of the overall market share and is anticipated to register similar growth patterns over the coming years. This projected growth is ascribed to the proliferation of various industries across the globe.
The use of human centric lighting has been proven to be beneficial in industrial settings. Human centric lighting could aid with biorhythm balancing mostly in nightshift workers. HCL can further influence the performance of workforces by way of various mechanisms such as job satisfaction, visual ambiance, biological clock, problem-solving, visual comfort, simulation and visual performance.
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From a regional frame of reference, Middle East & Africa human centric lighting market will witness considerable growth over the coming years. Rapid increase in the demand for smart cities will contribute to the towards the regional market growth.
Table of Contents
Chapter 1 Methodology & Scope
	
1.1 Scope & definitions	
		
1.1.1 Definition
	
	
	
1.2 Methodology and forecast parameters
	
1.3 Region-wise COVID-19 impact analysis:	
		
1.3.1 North America
		
1.3.2 Europe
		
1.3.3 Asia Pacific
		
1.3.4 Latin America
		
1.3.5 MEA
	
	
	
1.4 Data Sources	
		
1.4.1 Secondary
		
1.4.2 Primary
	
	
Chapter 2 Executive Summary
	
2.1 Human centric lighting industry 360 degree synopsis, 2016 - 2027	
		
2.1.1 Business trends
		
2.1.2 Regional trends
		
2.1.3 Solution trends
		
2.1.4 Installation type trends
		
2.1.5 End-use trends
	
	
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