A new research report shows how health and productivity benefits will make Human-Centric Lighting a standard feature in all kinds of commercial buildings, with a global market already worth $849m.
Human-Centric Lighting (HCL) goes beyond simply providing illumination for the built environment. It seeks to realign humans with our natural rhythms by mimicking the progression of sunlight throughout the day – triggering biological responses that make workers more productive, help patients heal faster and even enhance student learning.
A global market worth $849m in 2019 has developed around this technology, says the Memori report The Human Centric Lighting Market 2019 to 2024: Global Market Prospects, Impacts & Opportunities.
The authors expect the market to reach $3.5 billion by 2024, a CAGR of 32.75 percent over the five years. Europe is leading the way in Human-Centric Lighting, with a $395m market that currently represents nearly half of global revenues in 2019.
HCL is seen as inevitable for the future of lighting: “as the cost of tunable lighting comes down, the lure of health and productivity benefits will make HCL a standard feature in lighting for all kinds of buildings”.
HCL is also regarded as part of a wider human-centric movement sweeping across almost every building system. This movement has been facilitated by technological advancements in sensing and connectivity, as well as the rise of big data processing and data analytics.
The report, which costs $1,995 for a Single User licence, explores the strategies of the key players and the opportunities for startups, as well as the regional differences in this rapidly emerging global market.
More information here.