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Europe Human Centric Lighting Market Forecast 2027 By Application (Residential, Commercial, Industrial, Institutional, Healthcare), By Solution (Hardware [Lighting Fixtures, Lighting Controllers], Software, Service), By Installation Type (New Installation, Retrofit), 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: GR2011 | Delivery : PDF  Request Free Sample

Europe Human Centric Lighting Market size crossed USD 700 million in 2020 and is anticipated to exhibit a CAGR of 25% from 2021 to 2027. The market demand is due to the increasing transformation of educational, healthcare, and commercial facilities in the region. Infrastructure refurbishment in the European countries is attributed to the high focus on providing healthy & well-illuminated building environments.

Europe Human Centric Lighting Market Size, By Region

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European countries are cold throughout the year and have less exposure to sunlight, creating an impact on human health and creating a need for human-centric lighting solutions. These natural lighting conditions compel the commercial and healthcare sectors to adopt body dynamic light solutions to support the visual health of the occupants. Additionally, Europe is experiencing various research & product development activities due to the presence of several major players followed by high consumer awareness.

The COVID-19 pandemic has inflicted high economic & social losses in various European countries including Italy, France, Germany, and the UK. Economic indicators of a region include GDP, the unemployment rate, and inflation. According to the data reported by Eurostat, in February 2021, the combined GDP of the EU 27 states fell by 0.4% in the fourth quarter of 2020 compared to Q3 2020. The manufacturing sector and distribution & supply chains in prominent European countries were severely disrupted owing to the sealing of country borders during the first two quarters of 2020. In this scenario, the regional human centric lighting industry witnessed a temporary slowdown.

Europe Market, By Application

Commercial applications, which include business enterprises, offices, banks, retail stores, malls, and restaurants will observe high growth during the forecast period, owing to infrastructure transformation initiatives. The deployment of human-centric lighting in commercial settings aids in the improvement of the occupant mood, concentration, and provides natural light effects. Employers and retailers across the globe are focused on enhancing their work & store environments to promote human well-being and gain cost & productivity benefits.

Competitive Industry Landscape

The key market players include Glamox AS, Helvar Oy AB, General Electric., Herbert Waldmann GmbH & Co., KG, Hubbell Inc., Legrand, Signify N.V., Lutron Electronics Co., Inc., Osram Licht Group, Wipro Lighting, Zumtobel Group AG, TRILUX GmbH & Co., KG., Ledmotive Technologies SL, LUMITECH Lighting Solution GmbH, Regiolux GmbH, and SG Armaturen AS. Companies are focusing on new product launches and mergers & acquisitions to expand their global footprints. For instance, in January 2020, Zumtobel Group AG provided its advanced lighting solutions to Infobip, an IT & telecom company.

 

Frequently Asked Question(FAQ) :

The industry share for human centric lighting in Europe was surpassed USD 700 million in 2020 and will grow at a CAGR of 25% between 2021 and 2027 with surging transformation of healthcare, educational, and commercial facilities.
The SARS-CoV-2 pandemic impacted the Europe industry in the form of a temporary slowdown owing to disruptions in distribution & supply chains and the manufacturing sector.
The market revenue from commercial applications is expected to grow on account of rising product deployment for the enhancement of concentration, occupant mood, and provision of natural light effects across commercial settings.
Leading companies in the Europe market comprise Helvar Oy AB, Osram Licht Group, Glamox AS, Signify N.V., Zumtobel Group AG, Regiolux GmbH, Herbert Waldmann GmbH & Co., KG, Wipro Lighting, and others.

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