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Human Centric Lighting Market by Offering (Hardware (Lighting fixtures and Lighting Controllers), Software, and Services), Installation Type (New Installations and Retrofit Installations), Application, and Geography - Global Forecast to 2024

Human Centric Lighting Market by Offering (Hardware (Lighting fixtures and Lighting Controllers), Software, and Services), Installation Type (New Installations and Retrofit Installations), Application, and Geography - Global Forecast to 2024

“Human centric lighting market to grow at 35.2% CAGR from 2019 to 2024”
The human centric lighting market is projected to grow from USD 810 million in 2019 to USD 3,655 million by 2024—at a CAGR of 35.2%. The growth of this market is mainly driven by the high adoption of LED lighting solutions; initiatives toward establishing smart cities; and the rise in the demand for energy-efficient lighting solutions. The implementation of wireless technology for LED lighting provides a major opportunity for the growth of the human centric lighting market. However, compatibility issues and high installation cost restrain the market’s growth.

“Residential application to hold significant share of human centric lighting market by 2024”
The human centric lighting market for the residential application is expected to grow at the highest CAGR from 2019 to 2024. Factors such as ongoing technological advancements, increasing consumer preferences for better interior designing, and rising need for energy-efficient lighting are driving the growth of the market for decorative as well as smart lighting. Also, in residential settings, i.e., at home or in elderly care, human centric lighting can reduce sleep disorders, thereby limiting the need for cost-intensive medication and reducing nursing efforts. The growing implementation of smart lighting will lead to an increased demand for human centric lighting solutions in the residential sector.

“Europe will be largest market for human centric lighting solutions by 2024”
Europe is expected to hold the largest share of the human centric lighting market during the forecast period. Europe is among the main regions to have recognized and accepted human centric lighting practices. The high living standard of people is driving the growth of the human centric lighting market in the region. Moreover, historical buildings and architectural sites, as well as hospitality businesses in the country, are driving the demand for innovative lighting solutions, which is further contributing to the overall growth of the human centric lighting market. The presence of key players is another crucial factor for the growth of the human centric lighting market in this region.

Breakdown of Profiles of Primary Participants:
By Company: Tier 1 - 20%, Tier 2 - 35%, and Tier 3 - 45%
By Designation: C-Level Executives - 35%, Directors - 25%, and Managers - 40%
By Region: North America - 35%, Europe - 30%, APAC - 25%, and RoW - 10%

Major Players Profiled:
Signify Lighting NV (Netherlands)
OSRAM Licht AG (Germany)
Acuity Brands, Inc. (US)
Cree, Inc. (US)
Legrand SA (France)
Hubbell Inc. (US)
Zumtobel Group AG (Austria)
Wipro Enterprises (P) Ltd. (India)
Glamox AS (Norway)
Lutron Electronics Co., Inc. (US)

Research Coverage
This report offers detailed insights into the human centric lighting market, by offering, installation type, application, and region. By offering, the human centric lighting market has been segmented into hardware (lighting fixtures and lighting controllers), software, and service (design and engineering, installation, and post-installation services that include maintenance, support and monitoring services). By installation type, the human centric lighting market has been segmented into new and retrofit installations. By application, the human centric lighting market has been segmented into wholesale and retail, enterprises and data centers, residential, educational institutions, healthcare, industrial, and hospitality. The study also forecasts the size of the market segmented on the basis of 4 regions—North America, Europe, APAC, and RoW.

Reasons to Buy the Report
The report would help the market leaders/new entrants in the following ways:
1. This report segments the human centric lighting market comprehensively and provides the closest approximations of the overall and segment-based market sizes across different offerings, installation types, applications, and regions.
2. The report would help stakeholders understand the pulse of the market and provide them with information on key drivers, restraints, challenges, and opportunities for the growth of the market.
3. This report would help stakeholders understand their competitors better and gain more insights to enhance their market position. The competitive landscape section includes competitor ecosystem, along with product launches, mergers and acquisitions, partnerships, and contracts strategies implemented by the major players in the market.


  • INTRODUCTION
    • STUDY OBJECTIVES
    • DEFINITION
    • MARKET SEGMENTATION
      • GEOGRAPHIC SCOPE
      • YEARS CONSIDERED
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
      • SECONDARY AND PRIMARY RESEARCH
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN AND DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN HUMAN CENTRIC LIGHTING MARKET
    • HUMAN CENTRIC LIGHTING MARKET, BY COMPONENT AND SERVICE
    • HUMAN CENTRIC LIGHTING MARKET IN EUROPE FOR APPLICATION AND COUNTRY
    • HUMAN CENTRIC LIGHTING MARKET, BY COUNTRY
  • MARKET OVERVIEW
    • INTRODUCTION
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • VALUE CHAIN ANALYSIS
  • HUMAN CENTRIC LIGHTING MARKET, BY INSTALLATION TYPE
    • INTRODUCTION
      • Table HUMAN CENTRIC LIGHTING MARKET, BY INSTALLATION TYPE, 2016-2024 (USD MILLION)
    • NEW INSTALLATIONS
      • NEW INSTALLATIONS HELD LARGER SHARE OF HUMAN CENTRIC LIGHTING MARKET IN 2018
        • Table HUMAN CENTRIC LIGHTING MARKET FOR NEW INSTALLATIONS, BY REGION, 2016-2024 (USD MILLION)
    • RETROFIT INSTALLATIONS
      • RETROFIT INSTALLATIONS HELD SMALLER MARKET SHARE OWING TO THEIR LESS COMPATIBILITY WITH FIXTURES AND CONTROLLERS IN 2018
        • Table HUMAN CENTRIC LIGHTING MARKET FOR RETROFIT INSTALLATIONS, BY REGION, 2016-2024 (USD MILLION)
  • HUMAN CENTRIC LIGHTING MARKET, BY OFFERING
    • INTRODUCTION
      • Table HUMAN CENTRIC LIGHTING MARKET, BY OFFERING, 2016-2024 (USD MILLION)
    • HARDWARE
      • Table HUMAN CENTRIC LIGHTING MARKET FOR HARDWARE, BY COMPONENT, 2016-2024 (USD MILLION)
      • Table HUMAN CENTRIC LIGHTING MARKET FOR HARDWARE, BY REGION, 2016-2024 (USD MILLION)
      • LIGHTING FIXTURES
        • Table HUMAN CENTRIC LIGHTING MARKET FOR LIGHTING FIXTURES, BY REGION, 2016-2024 (USD MILLION)
      • LIGHTING CONTROLLERS
        • Table HUMAN CENTRIC LIGHTING MARKET FOR LIGHTING CONTROLLERS, BY TYPE, 2016-2024 (USD MILLION)
        • Table HUMAN CENTRIC LIGHTING MARKET FOR LIGHTING CONTROLLERS, BY TYPE, 2016-2024 (THOUSAND UNITS)
        • Table HUMAN CENTRIC LIGHTING MARKET FOR LIGHTING CONTROLLERS, BY REGION, 2016-2024 (USD MILLION)
    • SOFTWARE COMPONENTS
      • SOFTWARE COMPONENTS EXPECTED TO REGISTER HIGHEST CAGR IN OVERALL MARKET DURING FORECAST PERIOD
        • Table HUMAN CENTRIC LIGHTING MARKET FOR SOFTWARE COMPONENTS, BY REGION, 2016-2024 (USD MILLION)
    • SERVICES
      • Table HUMAN CENTRIC LIGHTING MARKET, BY SERVICE, 2016-2024 (USD MILLION)
      • Table HUMAN CENTRIC LIGHTING MARKET FOR SERVICES, BY REGION, 2016-2024 (USD MILLION)
      • DESIGN AND ENGINEERING
        • Table HUMAN CENTRIC LIGHTING MARKET FOR DESIGN AND ENGINEERING SERVICES, BY REGION, 2016-2024 (USD MILLION)
      • INSTALLATION SERVICES
        • Table HUMAN CENTRIC LIGHTING MARKET FOR INSTALLATION SERVICES, BY REGION, 2016-2024 (USD MILLION)
      • POST INSTALLATION SERVICES
        • Table HUMAN CENTRIC LIGHTING MARKET FOR POST INSTALLATION SERVICES, BY REGION, 2016-2024 (USD MILLION)
  • HUMAN CENTRIC LIGHTING MARKET, BY APPLICATION
    • INTRODUCTION
      • Table HUMAN CENTRIC LIGHTING MARKET, BY APPLICATION, 2016-2024 (USD MILLION)
    • WHOLESALE AND RETAIL
      • RETAIL STORES ARE LIKELY TO EMPLOY HUMAN CENTRIC LIGHTING SOLUTIONS TO ENHANCE SHOPPING EXPERIENCE
        • Table HUMAN CENTRIC LIGHTING MARKET FOR WHOLESALE AND RETAIL, BY REGION, 2016-2024 (USD MILLION)
    • ENTERPRISES AND DATA CENTRES
      • HUMAN CENTRIC LIGHTING SOLUTIONS ARE USED TO INCREASE ENERGY AND MOTIVATION LEVELS AS WELL AS PRODUCTIVITY OF EMPLOYEES IN ENTERPRISES
        • Table HUMAN CENTRIC LIGHTING MARKET FOR ENTERPRISES AND DATA CENTRES, BY REGION, 2016-2024 (USD MILLION)
    • RESIDENTIAL
      • RESIDENTIAL APPLICATIONS EXPECTED TO WITNESS HIGHEST GROWTH RATE DURING FORECAST PERIOD
        • Table HUMAN CENTRIC LIGHTING MARKET FOR RESIDENTIAL APPLICATION, BY REGION, 2016-2024 (USD MILLION)
    • EDUCATIONAL INSTITUTIONS
      • EDUCATIONAL INSTITUTIONS ACCOUNTED FOR SIGNIFICANT SHARE OF HUMAN CENTRIC LIGHTING MARKET IN 2018
        • Table HUMAN CENTRIC LIGHTING MARKET FOR EDUCATIONAL INSTITUTIONS, BY REGION, 2016-2024 (USD MILLION)
    • HEALTHCARE
      • HEALTHCARE CONSIDERED AS PROMINENT APPLICATION AREA FOR HUMAN CENTRIC LIGHTING SOLUTIONS
        • Table HUMAN CENTRIC LIGHTING MARKET FOR HEALTHCARE, BY REGION, 2016-2024 (USD MILLION)
    • INDUSTRIAL
      • STRICT GOVERNMENT REGULATIONS AND INTRODUCTION OF ADVANCED LIGHTING TECHNOLOGIES WILL SURGE DEMAND FOR HUMAN CENTRIC LIGHTING SOLUTIONS IN INDUSTRIAL APPLICATIONS IN NEAR FUTURE
        • Table HUMAN CENTRIC LIGHTING MARKET FOR INDUSTRIAL APPLICATION, BY REGION, 2016-2024 (USD MILLION)
    • HOSPITALITY
      • HOSPITALITY APPLICATIONS ACCOUNTED FOR THIRD-LARGEST SHARE OF HUMAN CENTRIC LIGHTING MARKET IN 2018
        • Table HUMAN CENTRIC LIGHTING MARKET FOR HOSPITALITY, BY REGION, 2016-2024 (USD MILLION)
  • GEOGRAPHIC ANALYSIS
    • INTRODUCTION
      • Table HUMAN CENTRIC LIGHTING MARKET, BY REGION, 2016-2024 (USD MILLION)
    • NORTH AMERICA
      • Table HUMAN CENTRIC LIGHTING MARKET IN NORTH AMERICA, BY OFFERINGS, 2016-2024 (USD MILLION)
      • Table HUMAN CENTRIC LIGHTING MARKET IN NORTH AMERICA, BY HARDWARE TYPE, 2016-2024 (USD MILLION)
      • Table HUMAN CENTRIC LIGHTING MARKET IN NORTH AMERICA FOR SERVICES, BY TYPE, 2016-2024 (USD MILLION)
      • Table HUMAN CENTRIC LIGHTING MARKET IN NORTH AMERICA, BY INSTALLATION TYPE, 2016-2024 (USD MILLION)
      • Table HUMAN CENTRIC LIGHTING MARKET IN NORTH AMERICA, BY APPLICATION, 2016-2024 (USD MILLION)
      • Table HUMAN CENTRIC LIGHTING MARKET IN NORTH AMERICA, BY COUNTRY, 2016-2024 (USD MILLION)
      • US
        • Table HUMAN CENTRIC LIGHTING MARKET IN US, BY APPLICATION, 2016-2024 (USD MILLION)
      • CANADA
        • Table HUMAN CENTRIC LIGHTING MARKET IN CANADA, BY APPLICATION, 2016-2024 (USD MILLION)
      • MEXICO
        • Table HUMAN CENTRIC LIGHTING MARKET IN MEXICO, BY APPLICATION, 2016-2024 (USD MILLION)
    • EUROPE
      • Table HUMAN CENTRIC LIGHTING MARKET IN EUROPE, BY OFFERINGS, 2016-2024 (USD MILLION)
      • Table HUMAN CENTRIC LIGHTING MARKET IN EUROPE, BY HARDWARE TYPE, 2016-2024 (USD MILLION)
      • Table HUMAN CENTRIC LIGHTING MARKET IN EUROPE FOR SERVICES, BY TYPE, 2016-2024 (USD MILLION)
      • Table HUMAN CENTRIC LIGHTING MARKET IN EUROPE, BY INSTALLATION TYPE, 2016-2024 (USD MILLION)
      • Table HUMAN CENTRIC LIGHTING MARKET IN EUROPE, BY APPLICATION, 2016-2024 (USD MILLION)
      • Table HUMAN CENTRIC LIGHTING MARKET IN EUROPE, BY COUNTRY, 2016-2024 (USD MILLION)
      • UK
        • Table HUMAN CENTRIC LIGHTING MARKET IN UK, BY APPLICATION, 2016-2024 (USD MILLION)
      • GERMANY
        • Table HUMAN CENTRIC LIGHTING MARKET IN GERMANY, BY APPLICATION, 2016-2024 (USD MILLION)
      • FRANCE
        • Table HUMAN CENTRIC LIGHTING MARKET IN FRANCE, BY APPLICATION, 2016-2024 (USD MILLION)
      • REST OF EUROPE
        • Table HUMAN CENTRIC LIGHTING MARKET IN REST OF EUROPE, BY APPLICATION, 2016-2024 (USD MILLION)
    • APAC
      • Table HUMAN CENTRIC LIGHTING MARKET IN APAC, BY OFFERINGS, 2016-2024 (USD MILLION)
      • Table HUMAN CENTRIC LIGHTING MARKET IN APAC, BY HARDWARE TYPE, 2016-2024 (USD MILLION)
      • Table HUMAN CENTRIC LIGHTING MARKET IN APAC FOR SERVICES, BY TYPE, 2016-2024 (USD MILLION)
      • Table HUMAN CENTRIC LIGHTING MARKET IN APAC, BY INSTALLATION TYPE, 2016-2024 (USD MILLION)
      • Table HUMAN CENTRIC LIGHTING MARKET IN APAC, BY APPLICATION, 2016-2024 (USD MILLION)
      • Table HUMAN CENTRIC LIGHTING MARKET IN APAC, BY COUNTRY, 2016-2024 (USD MILLION)
      • CHINA
        • Table HUMAN CENTRIC LIGHTING MARKET IN CHINA, BY APPLICATION, 2016-2024 (USD MILLION)
      • JAPAN
        • Table HUMAN CENTRIC LIGHTING MARKET IN JAPAN, BY APPLICATION, 2016-2024 (USD MILLION)
      • SOUTH KOREA
        • Table HUMAN CENTRIC LIGHTING MARKET IN SOUTH KOREA, BY APPLICATION, 2016-2024 (USD THOUSAND)
      • INDIA
        • Table HUMAN CENTRIC LIGHTING MARKET IN INDIA, BY APPLICATION, 2016-2024 (USD THOUSAND)
      • REST OF APAC
        • Table HUMAN CENTRIC LIGHTING MARKET IN REST OF APAC, BY APPLICATION, 2016-2024 (USD MILLION)
    • ROW
      • Table HUMAN CENTRIC LIGHTING MARKET IN ROW, BY OFFERINGS, 2016-2024 (USD MILLION)
      • Table HUMAN CENTRIC LIGHTING MARKET IN ROW, BY HARDWARE TYPE, 2016-2024 (USD MILLION)
      • Table HUMAN CENTRIC LIGHTING MARKET IN ROW FOR SERVICES, BY TYPE, 2016-2024 (USD MILLION)
      • Table HUMAN CENTRIC LIGHTING MARKET IN ROW, BY INSTALLATION YPE, 2016-2024 (USD MILLION)
      • Table HUMAN CENTRIC LIGHTING MARKET IN ROW, BY APPLICATION, 2016-2024 (USD MILLION)
      • Table HUMAN CENTRIC LIGHTING MARKET IN ROW, BY REGION, 2016-2024 (USD MILLION)
      • MIDDLE EAST AND AFRICA
        • Table HUMAN CENTRIC LIGHTING MARKET IN MIDDLE EAST & AFRICA, BY APPLICATION , 2016-2024 (USD THOUSAND)
      • SOUTH AMERICA
        • Table HUMAN CENTRIC LIGHTING MARKET IN SOUTH AMERICA, BY APPLICATION, 2016-2024 (USD THOUSAND)
  • COMPETITIVE LANDSCAPE
    • INTRODUCTION
    • MARKET PLAYER RANKING ANALYSIS
    • COMPETITIVE LEADERSHIP MAPPING
      • VISIONARY LEADERS
      • DYNAMIC DIFFERENTIATORS
      • INNOVATORS
      • EMERGING COMPANIES
    • COMPETITIVE BENCHMARKING
      • STRENGTH OF PRODUCT PORTFOLIO (25 COMPANIES)
      • BUSINESS STRATEGY EXCELLENCE (25) COMPANIES
    • COMPETITIVE SCENARIO
    • COMPETITIVE SITUATIONS & TRENDS
      • PRODUCT LAUNCHES/DEVELOPMENTS
        • Table PRODUCT LAUNCHES/DEVELOPMENTS (2016-2018)
      • MERGERS/ACQUISITIONS/ALLIANCES/JOINT VENTURES
        • Table MERGERS/ACQUISITIONS/ALLIANCES/JOINT VENTURES (2016-2018)
      • COLLABORATIONS/CONTRACTS/AGREEMENTS/PARTNERSHIPS
        • Table COLLABORATIONS/CONTRACTS/AGREEMENTS/PARTNERSHIPS (2016-2018)
      • EXPANSIONS
        • Table EXPANSIONS (2016-2018)
  • COMPANY PROFILES
    • INTRODUCTION
    • KEY PLAYERS
      • SIGNIFY LIGHTING NV
      • OSRAM LICHT AG
      • ACUITY BRANDS, INC.
      • CREE, INC.
      • LEGRAND SA
      • HUBBELL INCORPORATED
      • ZUMTOBEL GROUP AG
      • WIPRO ENTERPRISES (P) LIMITED
      • GLAMOX AS
      • LUTRON ELECTRONICS
    • OTHER COMPANIES
      • LUMITECH PRODUKTION UND ENTWICKLUNG GMBH
      • SDA LIGHTING
      • TRILUX GMBH & CO. KG
      • ESYLUX GMBH
      • HELVAR OY AB
      • LEDRABRANDS, INC.
      • B.E.G. BRÜCK ELECTRONIC GMBH
      • AB FAGERHULT
      • GERARD LIGHTING
      • HALLA, A.S.
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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