Global Human-centric Lighting Industry Research Report, In-depth Analysis of Current Status and Outlook of Key Countries 2023-2028

Market Overview

of Global Human-centric Lighting market:
According to our latest research, the global Human-centric Lighting market looks promising in the next 5 years. As of 2022, the global Human-centric Lighting market was estimated at USD 1571.46 million, and it’s anticipated to reach USD 4898.17 million in 2028, with a CAGR of 20.86% during the forecast years.

Human-centric Lighting (HCL), also known as circadian lighting, or lighting for health and wellbeing, is a hot topic amid lighting designers and scientific researchers alike. Human-centric Lighting is a lighting concept that puts the focus on bringing the dynamics of natural daylight back into people's everyday lives through biologically effective artificial lighting. Nowadays, people spend limited time outdoors during the day. And thus, their exposure to natural daylight is drastically reduced. To make matters worse, inappropriate exposure to artificial light can lead to circadian disruption which is linked to increased incidence of disorders and diseases in modern society. Human-centric Lighting (HCL) supports human health, well-being and performance through deterministic and holistic planning and implementation of the visual, emotional and, in particular, biological effects of light.

Significant economic downside risks
The outbreak of COVID-19 is affecting almost every region in the world. Each region has been affected by a significant growth and demotion. East Asia and the Pacific will grow by only 0.5%. South Asia will contract by 2.7%, Sub-Saharan Africa will contract by 2.8%, the Middle East and North Africa will contract by 4.2%, Europe and Central Asia will contract by 4.7%, and Latin America will contract by 7.2%. These downturns are expected to reverse years of progress towards achieving development goals and plunge thousands of people into extreme poverty. Emerging markets and developing economies will be hit by economic resistance from multiple quarters: a weak medical system, losses in trade and tourism, reduced remittances, insufficient capital flows, and increasing debt pressures that have led to tight financial conditions. Developed economies are expected to reduce 7%. This crisis has exceeded the speed of the global economy, and a global recession has become inevitable.

Global economic output reduction
Due to the pandemic of COVID-19, the global economy is expected to lose nearly US$8.5 trillion in output value in the next two years, which will erase almost all the gains of the previous four years. The sharp economic contraction marked the worst contraction since the Great Depression in the 1930s, while the economic downturn at the beginning of the year was only 2.1%. And the outbreak of COVID-19 will aggravate the phenomenon of poverty and inequality. By 2030, 130 million people may join the ranks of the extremely poor, which has hit the global efforts to eliminate extreme poverty and hunger. This epidemic has greatly damaged low-skilled and low-paying jobs, while at the same time making high-skilled jobs less affected, which will further increase income inequality within and between countries.

Savant Systems, Inc. Completes Acquisition of GE Lighting in July 1, 2020
Savant Systems, Inc., an industry leader in the professional smart home space has announced today that it has completed the acquisition of GE Lighting from GE (NYSE: GE), creating GE Lighting, a Savant company. Financial details were not disclosed. Bill Lacey, president and CEO of GE Lighting, a Savant company, said, “For more than a century we’ve been bringing the future to light as part of GE and today we couldn’t be more excited to continue our journey as part of Savant. Savant is committed to continued investment and innovation in the lamp and fixture space and their deep knowledge and expertise in home automation will help our business accelerate delivery of bold smart home innovation at retail.” The Savant brand remains steadfastly committed to the professional installation channel for the home, and it will continue to invest heavily in the development of the most advanced products, solutions and services for this market.

Legrand, North & Central America Acquires Connectrac® in October 22, 2019
Legrand, North and Central America (LNCA), today announced it has acquired Connectrac, a leader in the development of flexible floor-based cable management solutions that bring power, data and communications to commercial interior applications. LNCA has a strong expertise in power distribution and cable management and adding Connectrac to its portfolio gives the company the ability to reach additional market segments as well as a platform to expand their ecosystem in commercial interiors.
Legrand has a rich history in innovating in new spaces, and Connectrac brings new open space product solutions designed for flexible work areas. This also supports Legrand’s on-going initiatives to build relationships with architects and designers, end users, and furniture dealers for a range of commercial interiors applications.

Legrand, North and Central America Announces Plans to Expand Data Power and Control Capabilities with the Acquisition of Universal Electric Corporation in February 19, 2019
Legrand, North and Central America (LNCA), an innovation leader in power, light and data technologies for homes, workplaces, and data centers, and a global specialist in electrical and digital building infrastructures announced today that it has entered into a definitive agreement to acquire Universal Electric Corporation* (UEC), a global leader in the development of flexible, customizable power distribution systems, and manufacturer of the STARLINE and U-S Safety Trolley suites of products. This acquisition will enhance Legrand’s global position as a leader in the data center power industry, broaden Legrand’s product offerings and expertise in solution options for key customer segments, and enable future product innovation and designs that will improve data center efficiency and reliability.
UEC will become part of LNCA’s Data Center Power and Control division along with several other premium, best-of-breed brands: Server Technology, Raritan, AFCO, Electrorack, and Ortronics. UEC’s power distribution solutions frequently interconnect with Legrand’s other data center power solutions and this acquisition will enable closer collaboration and more innovative market offerings in the future.

Region Overview:
Europe was the largest revenue market with a market share of 45.07% in 2016 and 43.97% in 2020, a decrease of 1.10%. In 2020, the North America market share was 26.85%, ranking second.

Company Overview:
Legrand is one of the major players operating in the Human-centric Lighting market, holding a share of 11.62% in 2020.

Segmentation Overview:
Among different product types, New Installation segment is anticipated to contribute the largest market share in 2027.

Application Overview:
The market's largest segment by application is the segment Commercial, with a market share of 28.04% in 2021.

This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Human-centric Lighting market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.

Key Takeaways from the Global Human-centric Lighting Market Report:
Market Size Estimates: Human-centric Lighting market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Human-centric Lighting market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Human-centric Lighting market
Segment Market Analysis: Human-centric Lighting market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Human-centric Lighting market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Human-centric Lighting Market: Revenue and sales volume of major countries in each region
Human-centric Lighting Market

Competitive Landscape

and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Human-centric Lighting market in major regions.
Human-centric Lighting Industry Value Chain: Human-centric Lighting market raw materials & suppliers, manufacturing process, distributors, downstream customers
Human-centric Lighting Industry News, Policies & Regulations

Key players in the global Human-centric Lighting market are covered in Chapter 12:
Wipro Lighting
Lutron Electronics Co., Inc.
Ledmotive
TRILUX GmbH & Co. KG
Glamox
Entwicklung GmbH
Healthe, Helvar
OSRAM
Lumileds Holding B.V.
Herbert Waldmann GmbH & Co. KG
Zumbotel Group AG
SG Lighting Ltd
General Electric
Signify Holding
LUMITECH Produktion
Controlled Lighting Corp.
Hubbell Inc.
Lextar Electronics Corporation

In Chapter 2 and Chapter 15.1, based on types, the Human-centric Lighting market from 2018 to 2028 is primarily split into:
New Installation
Retrofit

In Chapter 3 and Chapter 15.2, based on applications, the Human-centric Lighting market from 2018 to 2028 covers:
Residential
Commercial
Industrial
Institutional
Healthcare

Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others

The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.

In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.

Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:

Chapter 1 starts the report with an overview of the Human-centric Lighting market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.

Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.

Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.

Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.

Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.

Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.

Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.

Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.

Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.

Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.

Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.

Years considered for this report:

Historical Years:

2018-2022

Base Year:

2022

Estimated Year:

2023

Forecast Period:

2023-2028