The growing adoption of IoT-enabled lighting solutions and the rising use of smart LED lighting systems for wireless connectivity is driving the demand for the market.
Market Size – USD 795.0 Million in 2019, Market Growth - CAGR of 34.3%, Market Trends – The rise in the application of this technology to reduce traffic congestions.
The report provides Human Centric Lighting market forecast, supported by detailed insights historical data and revenues, past and current market trends, industry trends, consumer trends, market size, market share, market growth, along with ranging impacts of each factor and driver. It also provides analysis of various factors expected to restrain or limit potential growth in market size over the forecast period, 2020–2028. The report includes profiles of major players in the market, strategies being employed, mergers, acquisitions, recent developments, agreements, contracts, new product development and launches, segment revenue, investment details as well as financials.
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Global Human Centric Lighting market forecast has been provided following thorough study, focus, comparison, and analysis of a varying range of factors and past market forecast and present outcomes. Human Centric Lighting Market forecast is made possible through, but has not been limited to, a study and analysis of a variety of factors and trends, and these are verified through interviews with industry experts and companies operating in the market.
Rising focus by major companies on product/service expansion into new and untapped domestic markets, increasing investments in strategic agreements, favourable government policies and regulations, and growing competition in the market are some major trends observed in the Human Centric Lighting market. Development of more advanced offerings is driving rising demand and deployment in respective sectors/industries, and this is expected to drive Human Centric Lighting market revenue growth to a significant extent over the forecast period.
Top key vendors in Human Centric Lighting Market include are:
- Key participants include Osram Licht AG, ES-System SA, Arcluce S.p.A., Koninklijke Philips NV, Fagerhult AB, Zumtobel AG, Glamox AS, Hubbell Inc., The Zumtobel Group, and Legrand SA among others.
Emergen Research has segmented the global Human Centric Lighting Market on the basis of type, installation, end-use, and region:
- Type Outlook (Revenue, USD Million; 2017-2027)
- Installation Outlook (Revenue, USD Million; 2017-2027)
- End-Use Outlook (Revenue, USD Million; 2017-2027)
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Incorporated with Info-graphics, charts, 70 tables and 85 figures, this 250-page research report “Human Centric Lighting Market Size, Type, Application, End-Use Industry, Regional Outlook, Competitive Strategies and Forecasts, 2020 - 2027” is based on a complete research of the entire Global market and covering all its sub-segments through comprehensively thorough classifications. Insightful analysis and assessment are created from superior primary and secondary information sources with data and information derived from industry specialists across the value chain.
Region wise performance of the Human Centric Lighting industry
North America Human Centric Lighting market forecast is expected to remain significantly positive in terms of revenue share between 2020 and 2028. In addition, North America Human Centric Lighting market revenue share is expected to remain comparatively larger than that of other regional markets from 2020 to 2028.
Asia Pacific registered fastest revenue CAGR in 2020, and the Human Centric Lighting market forecast is that this trend is expected to continue going ahead. Market forecast states that revenue share contribution from China, India, and South Korea is expected to remain robust till 2028.
Europe Human Centric Lighting market forecast is positive currently, with revenue growth expected to remain steady between 2020 and 2028. Robust focus on research and development initiatives by major firms and changing trends and demographics in countries in the region are some factors expected to continue to support Human Centric Lighting market growth.
Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:
- United States
- Southeast Asia
We can also provide the customized separate regional or country-level reports, for the following regions:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa
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The research provides answers to the following key questions:
- What will be the growth rate and the market size of the Human Centric Lighting industry for the forecast period 2020-2027?
- What are the major driving forces expected to impact the development of the Human Centric Lighting market across different regions?
- Who are the major driving forces expected to decide the fate of the Human Centric Lighting industry worldwide?
- Who are the prominent market players making a mark in the Human Centric Lighting market with their winning strategies?
- Which Human Centric Lighting industry trends are likely to shape the future of the industry during the forecast period 2020-2027?
- What are the key barriers and threats believed to hinder the development of the industry?
- What are the future opportunities in the Human Centric Lighting market?
Table of Content
Chapter 1. Methodology & Sources
1.1. Human Centric Lighting Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Human Centric Lighting Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2021-2028
Chapter 3. Key Insights
Chapter 4. Human Centric Lighting Market Segmentation & Impact Analysis
4.1. Human Centric Lighting Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Human Centric Lighting Market indicators analysis
4.2.2. Human Centric Lighting Market drivers analysis
220.127.116.11. Rapid urbanization and industrialization
18.104.22.168. Stringent government regulations regarding carbon emissions
22.214.171.124. Increasing prevalence of respiratory diseases
126.96.36.199. Rising need to enhance indoor air quality
4.2.3. Human Centric Lighting Market restraints analysis
188.8.131.52. High cost associated with the maintenance of Human Centric Lighting products
184.108.40.206. Availability of renewable sources of energy
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 10. Competitive Landscape
10.1. Human Centric Lighting Market Revenue Share By Manufacturers
10.2. Mergers & Acquisitions
10.3. Competitor’s Positioning
10.4. Strategy Benchmarking
10.5. Vendor Landscape
10.5.1. Raw Material Suppliers
10.5.1.1. North America
10.5.1.3. Asia Pacific
10.5.1.4. Middle East & Africa
10.5.1.5. Latin America
10.5.2.1. North America
10.5.2.3. Asia Pacific
10.5.2.4. Middle East & Africa
10.5.2.5. Latin America
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