Human technology

Human-Centric Lighting Market | Increasing application of this technology to reduce traffic jams.

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Market size – USD 795.0 million in 2019, market growth – CAGR of 34.3%

Human-centric lighting market size worth $7,641.9 million by 2027 »

— Emerging research

VANCOUER, BC, CANADA, June 28, 2022 /EINPresswire.com/ — The Global human centric lighting market is expected to be worth $7,641.9 million by 2027, according to current analysis by Emergen Research. Growing adoption of smart LED lighting in retail, commercial and residential sectors is expected to propel the human-centric lighting market over the forecast period. The strategy of several companies to make their products more human-centric, adapting to the specific needs of human sociology and psychology, is another key driver for the progress of the human-centric lighting industry. the human. According to Accenture plc, companies need to move from a product-centric strategy to a human-centric approach to creating smart home solutions; this technique can also be applied to all other industries. Additionally, this approach can wirelessly connect and relay data and information, which can help in integrating IoT to minimize traffic jams, which is expected to further increase the market growth over the forecast period.

Factors influencing the growth of the Human Centric Lighting market and impacting the growth of the industry are studied in detail in the report. The report considers the COVID-19 pandemic as one of the major influencing factors of the human centric lighting market. The report examines in detail the positive and negative impact of the pandemic on the human-centric lighting industry. Supply chain disruptions and economic volatility have changed the dynamics of the human-centric lighting industry. The report explores the effects of the pandemic on the market and its key segments and regions. It also offers a forecast estimate of market growth in a post-COVID-19 scenario.

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The report further throws light on emerging growth opportunities, challenges, market threats, limitations, and factors likely to restrain the growth of the Human-Centered Lighting market. The report further examines in detail the international waters market and emerging trends in these regions. It also offers insight into the competitive landscape, market drivers, industrial scenario, and latest product and technological developments to offer a comprehensive overview of the Human Centric Lighting market landscape.

Some highlights of the report

In April 2019, Glamox SA acquired Luxonic Lighting PLC, a UK-based lighting company. With this agreement, Glamox and Luxonic will strengthen their position in the UK lighting market.
During the forecast period, the hardware segment is expected to hold the largest market with a CAGR of 34.4%. Hardware modules, including fixtures and controls, are experiencing phenomenal growth due to numerous technological advancements and functional advantages.
The new install segment represents the largest market in the human-centric lighting market due to the elimination of electrical conduit and retrofit expenditure; the installation of such solutions in residential and commercial buildings entails a low cost compared to renovation projects.
The largest market over the forecast period is represented by the commercial segment. Accelerated by the restructuring of the organizational infrastructure and the rapid implementation of employee-centric working conditions.
Owing to the increasing rate of building renovation in European countries, the European region is expected to lead the market over the forecast period owing to its emphasis on establishing safe and highly lit building conditions.
The Human Centric Lighting research report also includes an in-depth study of key industry players along with their business overview, strategic planning, and business expansion plans adopted by them. It helps readers and business owners formulate strategic expansion and investment plans. The report focuses on mergers and acquisitions, joint ventures, collaborations, partnerships, agreements with companies and governments, etc. The report also talks about the expansions that these prominent players are vying for in the key regions of the market. The report focuses on the detailed analysis of the technological and product developments undertaken by these companies.

The main companies studied in the report are:

The main participants are Osram Licht AG, ES-System SA, Arcluce SpA, Koninklijke Philips NV, Fagerhult AB, Zumtobel AG, Glamox AS, Hubbell Inc., The Zumtobel Group and Legrand SA, among others.

Based on regional analysis, the market is segmented into the following regions: North America, Latin America, Europe, Asia-Pacific, Middle East & Africa. The market is expected to be dominated by North American countries, closely followed by European countries. Asia-Pacific is expected to show significant growth due to recent progress and increased investment in the R&D sector.

Emergen Research has segmented the global human-centric lighting market based on type, installation, end-use, and region:

Type Outlook (Revenue, USD Million; 2017-2027)

Software
Material
Installation Outlook (Revenue, USD Million; 2017-2027)

Renovation
New
End-Use Outlook (Revenue, USD Million; 2017-2027)

Residential
Industrial
Detail
Health care
Education
Commercial
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The report addresses the following key points:

The report estimates the expected market size from 2020 to 2027
The report provides a forecast of market drivers, restraints, and future opportunities for the human-centric lighting market
The report further analyzes changing market dynamics
Regional analysis and market segmentation with analysis of regions and segments expected to dominate market growth
Comprehensive competitive landscape mapping with key competitor profiles
In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by leading companies
Revenue forecast, country scope, application information and product information

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About Emergen Research

Emergen Research is a market research and consulting firm that provides syndicated research reports, custom research reports, and consulting services. Our solutions are uniquely focused on your goal of locating, targeting and analyzing changes in consumer behavior across demographics, across industries, and helping customers make smarter business decisions. We offer market intelligence research ensuring relevant and factual research across multiple sectors including health, touchpoints, chemicals, types and energy. We are constantly updating our search offerings to ensure that our clients are aware of the latest trends existing in the market. Emergen Research has a strong base of experienced analysts from a variety of areas of expertise. Our industry experience and ability to develop a workable solution to any research problem gives our clients the ability to secure an edge over their respective competitors.

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The global human-centric lighting market is expected to be worth USD 7,641.9 million by 2027, according to current analysis by Emergen Research.