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. The high cost related to implementing this technology is a key factor hampering the market growth. Several companies' strategy to make more of their goods human-centered, adapting to the specific needs of human sociology and psychology, is another. The report sheds light on the mergers and acquisitions, collaborations, joint ventures, brand promotions and product launches, agreements and partnerships, and corporate and government deals. The global health crisis has affected nearly every aspect of the business vertical and led to massive disruptions to the global Human Centric Lighting market demand and supply chains. The growing smart LED lighting adoption in the retail, commercial, and residential sectors is forecasted to propel the human-centric lighting market during the forecast period. 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.
The pandemic has directly affected the market by causing disruptions in the global supply chains and indirectly by inducing financial difficulties. Over the forecast period, the hardware segment is expected to hold the largest market with a CAGR of 34.4%. Hardware modules, including fixtures & controls, are achieving tremendous growth due to numerous technological advancements and functional benefits. 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 comprehensive analysis of the competitive landscape offers the readers a deeper understanding about the competitors. 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. 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.
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
End-Use Outlook (Revenue, USD Million; 2017-2027)
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
Read More: https://www.emergenresearch.com/industry-report/human-centric-lighting-market
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At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
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