According to the research report titled ‘Asia Pacific Human Centric Lighting Market Forecast 2027 By Solution, By Installation Type, By Application, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with MarketStudyReport, Asia Pacific human centric lighting industry is expected to reach a valuation of USD 1 billion by 2027.

The adaption of product in residential, healthcare, industrial, and education sectors, its characteristic to improvise the well-being of users, rising popularity attributed to its capacity to balance emotional, visual, and biological responses of individuals, and its utilization in schools to keep kids calm and attentive during the school hours are propelling the growth of Asia Pacific human centric lighting marketplace.

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By solution type, the market segmentation consists of software, hardware (lighting fixtures, lighting controllers), and services. The hardware segment is expected to contribute significantly to market growth through 2027, owing to the rapid product deployment encouraged by less power consumption and energy cost-effectiveness.

Analysing the market by installation scope, the segmentation comprises new installation, and retrofit. Among the mentioned segments, retrofit segment is estimated to grow swiftly and contribute to revenue share through 2027, because of enhanced consumer awareness of the importance of lighting in the human behaviour, notably in the commercial sector. Moreover, many banks, retail outlets, and IT organizations are opting for retrofitting to create pleasant aesthetics for employees & customers by installing improved & natural lighting.

Moving on to application spectrum, Asia Pacific human centric lighting market is segmented into healthcare, industrial, residential, institutional, and commercial. The industrial setting is estimated to generate massive revenues by 2027, owing to focus on encouragement of employee productivity by providing a more natural and comfortable working environment. 

Parallelly, the healthcare application segment is anticipated to grow significantly over the forecast period, owing to benefits like less health difficulties, better engagement among senior home residents, and enhanced sleep-wake cycles in patients.

Talking about the competitive scenario, The Zumtobel Group, TRILUX GmbH & Co. KG, SG Armaturen AS, Osram Licht AG, LUMITECH Lighting Solution GmbH, Lextar Electronics Corporation, Ledmotive Technologies S.L., Herbert Waldmann GmbH & Co. KG, Healthe Inc., General Electric Company, Controlled Lighting Corp., Glamox AS, Helvar Oy AB, Hubbell Incorporated, Legrand, Lumileds Holding B.V., Lutron Electronics Co. Inc., Regiolux GmbH, Signify N.V., and Wipro Lighting are eminently influencing Asia Pacific human centric lighting industry trends.