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APAC Human Centric Lighting Market size to cross $1 Bn by 2027
Published Date: 2021-11-24
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APAC Human Centric Lighting Market size is poised to reach USD 1 billion by 2027, according to a latest forecast report by Graphical Research.
The increasing popularity of new lighting technologies and awareness related to the replacement of harmful conventional lights are supporting the market in Asia Pacific. Rising consumer & enterprise awareness related to the installation of tunable LEDs to provide a better-illuminated environment in offices is creating a high demand for these solutions.
Supportive government policies, such as subsidies for the implementation of energy-efficient solutions, are driving the industry growth. In January 2015, METI Japan announced its subsidy program for the usage of energy efficiency & storage technologies. Through this program, METI invested USD 779 million to promote LED lighting, boiler technology, and distributed energy storage. Major industry sectors benefited from this program, which include commercial, factories, and small businesses.
Browse detailed statistical insights from the report, “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” along with the table of contents (ToC) @
The COVID-19 pandemic has severely impacted the electronic industry in the Asia Pacific region. A shortage of raw materials and disruptions in the distribution of finished products have affected the market growth in the region. Sales and distribution facilities in the Indian lighting industry faced significant challenges owing to government restrictions on operating hours. Additional factors including a lack of capital and cash crunch due to a decline in sales have forced many distributors to close their shops. The Asia Pacific human centric lighting industry is expected to witness slow growth, which is backed by government initiatives and policy support in 2021.
Human-centric lighting systems are gaining high demand in healthcare facilities including hospitals, clinics, and elderly care homes due to health improvement benefits observed in patients after their installation. Patients and elderly home residents suffer from several visual & non-visual health issues, which can be solved by using human-centric lighting solutions. These patients spend the majority of their time indoors, limiting exposure to daylight and resulting in vision-based problems. By installing circadian lighting systems, caregivers can reduce health issues, improve sleep-wake cycles, and keep elderly home residents active throughout the day.
The human centric lighting in APAC market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2016 to 2027 for the following segments:
Asia Pacific Market, By Solution
- Lighting Fixtures
- Lighting Controllers
Asia Pacific Market, By Installation type
- New Installation
Asia Pacific Market, By Application
The above information has been provided for the following countries:
- Asia Pacific
- South Korea