The human-centric lighting market size is expected to grow by $ 7.35 bn and record a CAGR of 32% during 2021-2025.
This post-pandemic human-centric lighting market report has assessed the shift in consumer behavior and has identified and explored the upcoming trends and drivers that the vendors can capitalize on to support prompt business decisions. In this human-centric lighting market analysis report, key drivers such as increase in number of residential buildings have been discussed with emerging growth regions, which will offer immense business opportunities. Our analysts have also identified challenges such as difficulties in optimizing tunable lighting systems, which will impede market growth. With these insights, the vendors can recreate their plan of action to obtain growth opportunities in the future.
What will the Human-Centric Lighting Market Size be in 2021?
Browse TOC and LoE with selected illustrations and example pages of Human-Centric Lighting Market
Who are the Key Vendors in the Human-Centric Lighting Market?
The human-centric lighting market forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The profiles include information on the production, competitive landscape, sustainability, and prospects of the leading companies including:
- Controlled Lighting Corp.
- Glamox Group
- Legrand SA
- Lextar Electronics Corp.
- Lumileds Holding BV
- Lutron Electronics Co. Inc.
- OSRAM GmbH
- Signify NV
- TRILUX GmbH & Co. KG
- Wipro Lighting
Our analysts have extensively outlined successful business strategies deployed by the key vendors in this market research report. The human-centric lighting market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
This human-centric lighting market report further entails segmentations by end-user (Residential and Commercial) and geography (Europe, North America, APAC, South America, and MEA). The available actionable insights on the segmentations, in this report, will enable a better understanding of the target audience and changing demand patterns.
To make the most of the opportunities, vendors should focus on fast-growing segments, while maintaining their positions in the slow-growing segments. The human-centric lighting market further offers well-structured marketing strategies to overcome the negative post-COVID-19 impact, if any, on each product and service segment.
Which are the Key Regional Markets for Human-Centric Lighting Market?
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The report offers an up-to-date analysis of the geographical composition of the market. Europe will record a fast growth rate during 2021-2025, owing to which the region should offer several growth opportunities to market vendors. The introduction of iot and smart technology will significantly influence human-centric lighting market growth in this region. From the statistical study of the geographic landscape, you can interpret and understand the competitive intelligence and regional opportunities in store for vendors for 2021-2025.
40% of the market’s growth will originate from Europe during the forecast period. US, Germany, China, UK, and France are the key markets for human-centric lighting market in the region. This report provides estimations of the contribution of all regions to the growth of the human-centric lighting market size.
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Human-Centric Lighting Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 32% |
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Market growth 2021-2025 |
$ 7.35 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
30.66 |
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Regional analysis |
Europe, North America, APAC, South America, and MEA |
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Performing market contribution |
Europe at 40% |
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Key consumer countries |
US, Germany, China, UK, and France |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
Controlled Lighting Corp., Glamox Group, Legrand SA, Lextar Electronics Corp., Lumileds Holding BV, Lutron Electronics Co. Inc., OSRAM GmbH, Signify NV, TRILUX GmbH & Co. KG, and Wipro Lighting |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Factors Covered in this Human-Centric Lighting Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive human-centric lighting market growth during the next five years
- Precise estimation of the human-centric lighting market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the human-centric lighting market industry across Europe, North America, APAC, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of human-centric lighting market vendors
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