The global Human Centric Lighting Market is forecasted to be worth USD 7,641.9 Million by 2027, according to a current analysis by Emergen Research.It also covers strategies adopted by prominent players such as mergers and acquisitions, collaborations, joint ventures, product launches, and brand promotions, among others The new installation segment is accounted for the largest market in the human-centric lighting market due to the elimination of electrical conduits & renovation expenses; the installation of such solutions in residential and commercial buildings entails low cost compared to retrofit projects. In April 2019, Glamox SA acquired Luxonic Lighting PLC, a UK based lighting company. The report studies the historical data of the Human Centric Lighting market and offers valuable information about the key segments and sub-segments, revenue generation, demand and supply scenario, trends, and other vital aspects. The report also talks about the shift in demands and emerging trends that are expected to drive the growth of the market. Accelerated by the organizational infrastructure restructuring and the rapid implementation of employee-centered workplace circumstances. Human Centric Lighting 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. Moreover, this approach can connect wirelessly and relay data and information, which can assist with incorporating IoT to minimize traffic congestions, which is anticipated to further augment the market growth during the forecast timeframe.
As per Accenture plc, companies need to move from a product-focused strategy towards a human-centric approach to build smart home solutions; this technique can also be applied for all other industries The report discusses in detail the growth opportunities, challenges, market drivers and restraints, limitations, threats, and demands of the Human Centric Lighting market. 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. The study further assesses the regional market as well as the international market to garner an insight into the scope of the market. The report also offers estimations and predictions about the market segment and sub-segments exhibiting promising growth in the forecast timeline. Hardware modules, including fixtures & controls, are achieving tremendous growth due to numerous technological advancements and functional benefits. The report also provides deeper insights into the technological advancements, industrial landscape, and emerging product and technological developments in the Human Centric Lighting market. It offers fruitful insights into the business sphere to help businesses capitalize on the lucrative growth opportunities. .
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
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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)
Software
Hardware
End-Use Outlook (Revenue, USD Million; 2017-2027)
Residential
Industrial
Retail
Healthcare
Education
Commercial
Installation Outlook (Revenue, USD Million; 2017-2027)
Retrofit
New
Mining
Aerospace & Defense
Transportation & Logistics
Agriculture
Others
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Regional Analysis of the Human Centric Lighting Market:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Objectives of the Report:
Analysis and estimation of the Human Centric Lighting market size and share for the projected period of 2020-2027
Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Human Centric Lighting market
Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
Highlights of the TOC:
1. Report Overview 1.1 Research Scope 1.2 Key Human Centric Lighting market segments 1.3 Major players 1.4 Market analysis by product 1.5 Market analysis by application 1.6 Report timeline
2. Global Growth Trends 2.1 Global Human Centric Lighting market size 2.2 Latest Human Centric Lighting market trends 2.3 Key growth trends
3. Competitive Landscape 3.1 Global Human Centric Lighting market key players 3.2 Global Human Centric Lighting size by manufacturers 3.3 Products of major players 3.4 Entry barriers in the Human Centric Lighting market 3.5 Mergers, acquisitions, joint ventures, and strategic alliances
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