Human Centric Lighting Market Size, Share, & Trends Analysis Report By Product (Fixtures, Controllers), By Installation Type (New, Retrofit), By Application (Residential, Commercial), By Region, And Segment Forecasts, 2024 - 2030

Human Centric Lighting Market Size, Share, & Trends Analysis Report By Product (Fixtures, Controllers), By Installation Type (New, Retrofit), By Application (Residential, Commercial), By Region, And Segment Forecasts, 2024 - 2030


Human Centric Lighting Market Growth & Trends

The global human centric lighting market size is estimated to reach USD 19.83 billion by 2030, growing at a CAGR of 29.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is experiencing significant growth, driven by the growing demand for energy-efficient lighting solutions. As awareness of energy consumption's environmental and economic impacts grows, the demand for energy-efficient lighting solutions that align with sustainable practices has surged.

Energy-efficient HCL solutions contribute to broader sustainability goals, a growing priority for governments, corporations, and individuals. Regulations and standards to reduce carbon footprints and promote green building practices are becoming more stringent worldwide. Energy-efficient lighting systems help organizations comply with these regulations while enhancing their environmental credentials. This alignment with sustainability initiatives helps reduce greenhouse gas emissions and enhances corporate social responsibility (CSR) profiles, attracting eco-conscious customers and investors.

In July 2023, the European Union finalized the enhancement of the Energy Efficiency Directive, incorporating a new goal. This initiative aims to cut the EU's final energy consumption by 11.7% by 2030, compared to what was initially projected for the same period, based on the 2020 forecasts. This objective has been set to ensure significant benefits for individuals, businesses, and the environment through efficient energy use. Following the adoption of this updated legislation, it became effective across all EU member states in October 2023. The target translates into a reduction of 992.5 million tonnes of oil equivalent (Mtoe) in primary energy exhaustion and 763 Mtoe in final energy consumption by 2030.

Growing awareness of health and well-being significantly contributes to expanding the market. As scientific research increasingly highlights the profound effects of lighting on human health, including sleep patterns, mood regulation, and cognitive performance, there is a growing demand for lighting solutions that support overall well-being. Human-centric lighting, designed to align with the natural human circadian rhythm, is becoming essential in various settings, from homes and workplaces to healthcare and educational institutions. In July 2023, German-based Lighting Europe German Electrical and Electronic Manufacturers' Association (ZVEI) published a study revealing that human-centric lighting could enhance productivity by as much as 7.7% in manual labor settings. This improvement is attributed to increased concentration, fewer errors, and elevated motivation, leading to greater output.

Human Centric Lighting Market Report Highlights
  • The fixtures segment is expected to register a CAGR of 29.1% from 2024 to. Companies are recognizing that investing in high-quality lighting fixtures can improve employee productivity, reduce absenteeism, and enhance overall workplace satisfaction.
  • The retrofit segment is expected to register a CAGR of 29.9% from 2024 to. The increasing number of retrofit projects is driving the segment's growth.
  • The commercial segment is expected to register a CAGR of 28.9% from 2024 to 2030. Proper lighting reduces eye strain and fatigue, leading to better focus and fewer errors. Additionally, well-lit workspaces help prevent accidents and injuries by ensuring that hazards are visible. This increased safety and efficiency make human-centric lighting a valuable investment for industrial facilities.
  • Asia Pacific is anticipated to emerge as the fastest-growing region over the forecast period, growing at a CAGR of 30.5% from 2024 to 2030. The region's rapid urbanization and population growth drive the market demand. The population in urban areas tends to spend more time indoors. This shift towards indoor lifestyles has heightened awareness of the importance of lighting in influencing mood, productivity, and overall well-being. Human-centric lighting solutions enhance indoor environments and promote wellness inside homes.
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Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Type Outlook
2.3. Application Channel Outlook
2.4. Regional Outlook
2.5. Competitive Insights
Chapter 3. Specialty Fats And Oils Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Industry Value Chain Analysis
3.2.1. Sales/Retail Channel Analysis
3.2.2. Profit Margin Analysis
3.3. Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Restraint Analysis
3.3.3. Industry Challenges
3.3.4. Industry Opportunities
3.4. Industry Analysis - Porter’s
3.5. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
4.1. Demographic Analysis
4.2. Consumer Trends and Preferences
4.3. Factors Affecting Buying Decision
4.4. Consumer Product Adoption
4.5. Observations & Recommendations
Chapter 5. Specialty Fats And Oils Market: Type Estimates & Trend Analysis
5.1. Type Movement Analysis & Market Share, 2023 & 2030
5.2. Specialty Oils
5.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
5.3. Specialty Fats
5.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 6. Specialty Fats And Oils Market: Application Channel Estimates & Trend Analysis
6.1. Confectionery
6.1.1. Market estimates and forecast, 2018 - 2030 (USD Million)
6.2. Dairy
6.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 7. Specialty Fats And Oils Market: Regional Estimates & Trend Analysis
7.1. Regional Movement Analysis & Market Share, 2023 & 2030
7.2. North America
7.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
7.2.2. U.S.
7.2.2.1. Key country dynamics
7.2.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.2.3. Canada
7.2.3.1. Key country dynamics
7.2.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.2.4. Mexico
7.2.4.1. Key country dynamics
7.2.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.3. Europe
7.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
7.3.2. U.K.
7.3.2.1. Key country dynamics
7.3.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.3.3. Germany
7.3.3.1. Key country dynamics
7.3.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.3.4. France
7.3.4.1. Key country dynamics
7.3.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.3.5. Italy
7.3.5.1. Key country dynamics
7.3.5.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.3.6. Spain
7.3.6.1. Key country dynamics
7.3.6.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.4. Asia Pacific
7.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
7.4.2. China
7.4.2.1. Key country dynamics
7.4.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.4.3. Japan
7.4.3.1. Key country dynamics
7.4.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.4.4. Australia & New Zealand
7.4.4.1. Key country dynamics
7.4.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.4.5. South Korea
7.4.5.1. Key country dynamics
7.4.5.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.4.6. India
7.4.6.1. Key country dynamics
7.4.6.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.5. Central & South America
7.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
7.5.2. Brazil
7.5.2.1. Key country dynamics
7.5.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.6. Middle East & Africa
7.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)
7.6.2. South Africa
7.6.2.1. Key country dynamics
7.6.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 8. Competitive Analysis
8.1. Recent developments & impact analysis, by key market participants
8.2. Company Categorization
8.3. Participant’s Overview
8.4. Financial Performance
8.5. Product Benchmarking
8.6. Company Market Share Analysis, 2023 (%)
8.7. Company Heat Map Analysis
8.8. Strategy Mapping
8.9. Company Profiles
8.10. Bunge Limited
8.10.1. Company Overview
8.10.2. Financial Performance
8.10.3. Product Benchmarking
8.10.4. Strategic Initiatives
8.11. Wilmar International Limited
8.11.1. Company Overview
8.11.2. Financial Performance
8.11.3. Product Benchmarking
8.11.4. Strategic Initiatives
8.12. Golden Agri-Resources Ltd
8.12.1. Company Overview
8.12.2. Financial Performance
8.12.3. Product Benchmarking
8.12.4. Strategic Initiatives
8.13. Kuala Lumpur Kepong Berhad
8.13.1. Company Overview
8.13.2. Financial Performance
8.13.3. Product Benchmarking
8.13.4. Strategic Initiatives
8.14. Sime Darby Plantation Sdn Bhd
8.14.1. Company Overview
8.14.2. Financial Performance
8.14.3. Product Benchmarking
8.14.4. Strategic Initiatives
8.15. Cargill
8.15.1. Company Overview
8.15.2. Financial Performance
8.15.3. Product Benchmarking
8.15.4. Strategic Initiatives
8.16. Liberty Oil Mills Ltd.
8.16.1. Company Overview
8.16.2. Financial Performance
8.16.3. Product Benchmarking
8.16.4. Strategic Initiatives
8.17. Henry Lamotte Oils GmbH
8.17.1. Company Overview
8.17.2. Financial Performance
8.17.3. Product Benchmarking
8.17.4. Strategic Initiatives
8.18. Savola Group
8.18.1. Company Overview
8.18.2. Financial Performance
8.18.3. Product Benchmarking
8.18.4. Strategic Initiatives
8.19. IOI Corporation
8.19.1. Company Overview
8.19.2. Financial Performance
8.19.3. Product Benchmarking
8.19.4. Strategic Initiatives

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