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Asia Pacific Human Centric Lighting Market Forecast 2027 By Solution (Hardware [Lighting Fixtures, Lighting Controllers], Software, Service), By Installation Type (New Installation, Retrofit), By Application (Residential, Commercial, Industrial, Institutional, Healthcare), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share
Published Date: November 2021 | Publisher: Graphical Research Report ID: GR2010 | Delivery : PDF  Request Free Sample

Asia Pacific Human Centric Lighting Market size was over USD 200 million in 2020 and is projected to showcase around 25% growth rate between 2021 and 2027. The rapid adoption of smart lighting solutions in the regional infrastructural, commercial & industrial sectors and a technological shift in home automation due to the presence of numerous industry lighting companies are the chief factors driving the market growth.

Asia Pacific Human Centric Lighting Market

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Governments across the region are making significant investments in smart city initiatives with one of the areas of focus being the reduction in the use of energy. Countries including Singapore, India, China, Taiwan, and Australia have undertaken various smart city projects that contribute to rapid modernization and infrastructure development, thus fueling the market expansion.

The pandemic has adversely impacted Micro, Small, and Medium-sized Enterprises (MSMEs), which account for most of the economic activity and employment in many countries in the region. The COVID-19 outbreak halted the supply of raw materials and electronic components to the global market from China, thereby, delaying the production process of human-centric lighting products. However, the manufacturing sector in China regained its momentum shortly after March 2020 as the country succeeded in controlling the spread of COVID-19. The impact of the pandemic on trade relations with North America, Asia Pacific, and other Asian countries has impacted the exports from China.

Asia Pacific Market, By Installation Type

The Asia Pacific human centric lighting market from retrofit settings is developing steadily due to the growing consumer awareness related to the impact of illumination on human psychology majorly in the commercial sector. The existing business, retail, and enterprise infrastructures are experiencing the need for advanced & natural illumination to create comfortable aesthetics for employees, workers, and consumers. As a result, several IT enterprises, banks, and retail stores are adopting retrofitting options. Moreover, the widespread availability of high-quality LED fixtures and controllers, which consume less power & reduce the electricity cost is supporting the industry demand.

Asia Pacific Market, By Application

The industrial application will experience a steady growth in the Asia Pacific human centric lighting market through 2027, led by increasing awareness of safety & comfortability in the manufacturing & production units to promote worker safety & reduce the attrition rate in workers. Badly illuminated workplaces create recurring sleep disorders in employees, creating several health issues. The deployment of human-centric lights provides circadian rhythm through illumination, thus having a positive effect on the motivation and concentration of employees.

Competitive Industry Landscape

Some of the major companies involved in the Asia Pacific human centric lighting market are Wipro Lighting, General Electric, Helvar Oy AB, Glamox AS, Herbert Waldmann GmbH & Co., KG, Legrand, Signify N.V., Lextar Electronics Corporation, OSRAM Licht AG, Hubbell Inc., Lumileds Holdings B.V., Lutron Electronics Co., Inc., Regiolux GmbH, TRILUX GmbH & Co., KG.

Industry players are emphasizing on partnerships & acquisitions and new product developments to capture a high market share. For instance, in September 2020, Signify N.V launched an updated portfolio of Philips Hue with Bluetooth connectivity. This expansion helped the company to address the demand for innovative home lighting experiences from consumers.

Frequently Asked Question(FAQ) :

The market size for human centric lighting in Asia Pacific had exceeded USD 200 million in 2020 and will witness a CAGR of over 25% through 2027 owing to the rapid adoption of smart lighting solutions in infrastructural, commercial, and industrial sectors.
The market for human centric lighting in Asia Pacific will record steady growth from retrofit settings with the growing consumer awareness about to the impact of illumination on human psychology majorly.
The human centric lighting is in huge demand across industrial applications owing to the rising awareness of safety & comfort in the manufacturing and production units to promote worker safety.
Major companies involved in the market are Wipro Lighting, General Electric, Helvar Oy AB, Glamox AS, Herbert Waldmann GmbH & Co., KG, Legrand, Signify N.V., Lextar Electronics Corporation, OSRAM Licht AG, Hubbell Inc., Lumileds Holdings B.V., Lutron Electronics Co., Inc., etc.

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