[July 05, 2018]

2018 Global Human Centric Lighting Market Value & Volume Report: Focus on Component (Fixture & Controls) and Applications - Analysis & Forecast (2017-2024) - ResearchAndMarkets.com

The "Global Human Centric Lighting Market Value and Volume: Focus on Component (Fixture & Controls), Applications - Analysis and Forecast (2017-2024)" report has been added to ResearchAndMarkets.com's offering.

The global HCL market is expected to grow with a CAGR of 37.2% and 35.2% in terms of volume and value, respectively during the forecast period 2018-2024.

Some of the factors driving the growth of HCL solutions in the global market are increasing benefits of human centric lighting, joint effort from regulatory bodies, manufacturers and distributors, and increased adoption of solid state lighting.

The HCL solutions are widely used in healthcare, office, education, residential, and hospitality, among others. Of all the applications for HCL solutions, healthcare segment is expected to witness the highest growth during the forecast period (2018-2024) in terms of volume and value. The major factors contributing to the growth of this segment include health benefits, such as reduced therapy times and enhanced drug efficacy, associated with HCL for the patients, doctors, and workers. Additionally, studies conducted to understand the impact of light o humans in various medical centers and hospitals have provided enough evidence to cater to the growth of this market.

Healthcare has seen the most early and widespread adoption of HCL, and the key players have developed a significant product portfolio for the same in the recent years. The majority of players, such as Philips (News - Alert) Lighting, Glamox, OSRAM, and Helvar, among others in this industry are catering to the healthcare application.

Market Dynamics

Drivers

• Benefits of Human Centric Lighting
• Joint Effort from Regulatory Bodies, Manufacturers, and Distributors
• Increased Adoption of Solid State Lighting

Opportunities

• Emerging Applications for HCL
• Improved Design for Human Centric Lighting Systems

Restraints

• Limited Awareness of Scientifically Proven Benefits of Human Centric Lighting (HCL)
• Return on Investment for Human Centric Lighting

Companies Profiled

• Acuity Brands Inc.
• Cree (News - Alert) Inc.
• Fagerhult
• Glamox
• Helvar
• Hubbell Incorporated
• Ledvance
• Legrand
• Lumitech
• Lutron Electronics Co. Inc.
• Osram GmbH
• Philips Lighting
• Seoul Semiconductor Co. Ltd.
• Waldmann Lighting
• Zumtobel Group AG

Key Topics Covered

1 Market Dynamics

2 Competitive Landscape

3 Industry Analysis

4 Global Human Centric Lighting Market by Component Type

5 Global Human Centric Lighting Market by Applications

6 Global Human Centric Lighting Market by Region

7 Company Profiles

8 Research Scope and Methodology

For more information about this report visit https://www.researchandmarkets.com/research/2gbsbg/2018_global_human?w=4

View source version on businesswire.com: https://www.businesswire.com/news/home/20180705005476/en/

[ Back To TMCnet.com's Homepage ]