Human Centric Lighting Market by Offering (Hardware (Lighting fixtures and Lighting Controllers) Global Forecast to 2024 - PowerPoint PPT Presentation

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Human Centric Lighting Market by Offering (Hardware (Lighting fixtures and Lighting Controllers) Global Forecast to 2024

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The overall human centric lighting market is projected to grow from USD 810 million in 2019 to USD 3,655 million by 2024 grow at a CAGR of 35.2% – PowerPoint PPT presentation

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Title: Human Centric Lighting Market by Offering (Hardware (Lighting fixtures and Lighting Controllers) Global Forecast to 2024


1
MarketsandMarkets Presents
Human Centric Lighting Market by Offering
(Hardware (Lighting fixtures and Lighting
Controllers), Software, and Services),
Installation Type (New Installations and Retrofit
Installations), Application, and Geography -
Global Forecast to 2024 The overall human
centric lighting market is projected to grow from
USD 810 million in 2019 to USD 3,655 million by
2024 grow at a CAGR of 35.2
2
MarketsandMarkets Presents
The growth of the human centric lighting market
is driven by the high adoption of LED lighting
solutions initiatives toward establishing smart
cities and the rise in the demand for
energy-efficient lighting solutions.
Implementation of wireless technology for LED
lighting is expected to provide substantial
growth opportunities to market players Download
PDF Brochure _at_ https//www.marketsandmarkets.com/p
dfdownloadNew.asp?id165368838 Key players in
the market include Signify Lighting NV
(Netherlands), OSRAM Licht AG (Germany), Acuity
Brands, Inc. (US), Cree, Inc. (US), Legrand SA
(France), Hubbell Inc. (US), Zumtobel Group AG
(Austria), Wipro Enterprises (P) Ltd. (India),
Glamox AS (Norway), and Lutron Electronics Co.,
Inc. (US). These players are increasingly
undertaking product launches and developments,
mergers and acquisitions, contracts,
partnerships, and agreements to develop and
introduce new solutions in the market.

3
MarketsandMarkets Presents
Lighting controllers to witness highest CAGR in
human centric lighting market during
20192024 The market for lighting controllers is
expected to grow at the highest CAGR from 2019 to
2024. The human centric lighting market for
lighting controllers has been further segmented
into sensors, switches and dimmers, LED drivers,
microcontrollers and microprocessors, and
transmitters and receivers. The control and
communications components include LED drivers and
ballasts, sensors, dimmers and switches, and
wireless receivers and transmitters. These
lighting controls enable the implementation of
intelligent lighting solutions and connect human
centric lighting in various spaces. Residential
applications are expected to witness highest
growth rate during forecast period The human
centric lighting market for the residential
application is expected to grow at the highest
CAGR from 2019  to 2024. Factors such as ongoing
technological advancements, increasing consumer
preferences for better interior designing, and
rising need for energy-efficient lighting are
driving the growth of the market for decorative
as well as smart lighting.

4
MarketsandMarkets Presents
Growing infrastructure and urbanization will
boost demand for human centric lighting solutions
in APAC during forecast period The human
centric lighting market in APAC is expected to
grow at the highest CAGR during the forecast
period. Factors driving the growth of the market
in this region include the rise in
industrialization and commercialization and high
demand for energy-efficient solutions in
developing countries. In a few countries such as
South Korea and Malaysia, the success of the
market for energy-efficient products such as LED
products depends on the ability of light source
manufacturers to form a rapport with local
partners. Read More _at_ https//www.marketsandmarke
ts.com/PressReleases/human-centric-lighting.asp
5
MarketsandMarkets Presents
About MarketsandMarkets MarketsandMarkets
provides quantified B2B research on 30,000 high
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impact 70 to 80 of worldwide companies
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top players across leaders, emerging companies,
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determined to benefit more than 10,000 companies
this year for their revenue planning and help
them take their innovations/disruptions early to
the market by providing them research ahead of
the curve.
6
MarketsandMarkets Presents
MarketsandMarketss flagship competitive
intelligence and market research platform,
"Knowledgestore" connects over 200,000 markets
and entire value chains for deeper understanding
of the unmet insights along with market sizing
and forecasts of niche markets. Contact Mr.
Shelly Singh MarketsandMarkets INC.  630 Dundee
Road  Suite 430 Northbrook, IL 60062  USA
1-888-600-6441 
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