North American Human Centric Lighting Market size to reach $1 Bn by 2027
Published Date: November 24, 2021 Request a sample
North American Human Centric Lighting Market size is predicted to cross USD 1 billion by 2027, according to a latest forecast report by Graphical Research. A rising focus of the North American countries to reduce high electricity & power consumption by replacing conventional lighting systems with smart technologies is supporting the market growth. In addition, high consumer awareness and investment capability for the adoption of technically advanced infrastructure facilities in the U.S. will support industry development prospects. Increasing demand and development of intelligent residential & commercial buildings in the U.S. and Canada are major drivers in the market. Smart infrastructures, such as offices, hospitals, and residences, in the U.S. are moving toward the implementation of intelligent & artificial lights that create human body-specific illumination and healthy environments. The human centric lighting industry in North America witnessed a slow growth in 2020 due to the impact of COVID-19 on the electronics industry. The sluggish growth can be accredited to the severely impacted manufacturing capacities of electronic component providers and disruptions in the supply chain during the first six months of 2020. However, the market is expected to witness a recovery with supportive policy changes and measures undertaken by government authorities. Browse detailed statistical insights from the report, “North America Human Centric Lighting Market Forecast 2027 By Installation Type (New Installation, Retrofit), By Solution (Hardware [Lighting Fixtures, Lighting Controllers], Software, Service), 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) @ https://www.graphicalresearch.com/industry-insights/2008/north-america-human-centric-lighting-market For instance, the Canadian government has initiated programs such as the Canada Emergency Business Account (CEBA), Business Credit Availability Program (BCAP), and Highly Affected Sectors Credit Availability Program (HASCAP). These programs offer support to businesses, in terms of low-interest loans and extended credit availability. With the gradual reduction in the pandemic’s impacts, sales of advanced human-centric lighting systems in commercial and residential applications are witnessing growth. The human centric lighting industry from institutional application is reflecting a high demand owing to improved concentration & attention benefits. The institutional segment includes education facilities from nurseries to universities, which are switching to human-centric lighting solutions to offer a sense of comfort & wellbeing to students. The North American human centric lighting 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: North America Market, By Solution North America Market, By Installation type North America Market, By Application The above information has been provided for the following countries: