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Human Centric Lighting Market Analysis | By Company Profiles | Size | Share | Growth | Trends and Forecast To 2024

A fresh report titled on “Human Centric Lighting Market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report also details the information about the global market status, growth rate, future trends, market drivers, challenges, opportunities and porter’s forces analysis with respect to these elements. An exclusive data offered in this report is collected by research and industry experts team.

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The Human Centric Lighting Market is projected to grow from US$ 810 Million in 2019 to US$ 3,655 Million by 2024—at a CAGR of 35.2%. This report spread across 163 pages, profiling 10 companies and supported with 67 tables and 44 figures is now available in this research.

Top Companies profiled in the Human Centric Lighting Market:

  • 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)
  • Lutron Electronics Co., Inc. (US)

 

“Residential application to hold significant share of human centric lighting market by 2024”

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. Also, in residential settings, i.e., at home or in elderly care, human centric lighting can reduce sleep disorders, thereby limiting the need for cost-intensive medication and reducing nursing efforts.

 

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“Europe will be largest market for human centric lighting solutions by 2024”

Europe is expected to hold the largest share of the human centric lighting market during the forecast period. Europe is among the main regions to have recognized and accepted human centric lighting practices. The high living standard of people is driving the growth of the human centric lighting market in the region. Moreover, historical buildings and architectural sites, as well as hospitality businesses in the country, are driving the demand for innovative lighting solutions, which is further contributing to the overall growth of the human centric lighting market.

 

Breakdown of primary participants’ profile:

  • By Company: Tier 1 -20%, Tier 2 -35%, and Tier 3 -45%
  • By Designation: C-Level Executives -35%, Directors-25%, andManagers-40%
  • By Region: North America -35%, Europe -30%, APAC -25%, and RoW -10%

 

Competitive Landscape of Human Centric Lighting Market:

1 Introduction

2 Market Player Ranking Analysis

3 Competitive Leadership Mapping

3.1 Visionary Leaders

3.2 Dynamic Differentiators

3.3 Innovators

3.4 Emerging Companies

4 Competitive Benchmarking

4.1 Strength of Product Portfolio (25 Companies)

4.2 Business Strategy Excellence (25) Companies

5 Competitive Scenario

6 Competitive Situations & Trends

6.1 Product Launches/Developments

6.2 Mergers/Acquisitions/Alliances/Joint Ventures

6.3 Collaborations/Contracts/Agreements/Partnerships

6.4 Expansions

 

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