According to the business intelligence 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 market is anticipated to garner substantial returns by 2027.
 

Favorable government policies, increasing awareness regarding the harmful side-effects of sub-standard lighting, and rising preference towards tunable LEDs are contributing towards Asia Pacific human centric lighting market growth.

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Notably, human centric lightings have the advantage of adjusting according to people’s requirements with a well-balanced emotional visual, and biological response. Moreover, this feature helps children be calm and composed when the product is utilized in school environments.

Moving on to the installation segmentation, the retrofit segment is projected to showcase a moderate growth rate over the forecast period. Easy accessibility of advanced LED lighting solutions that require minimal power supply, and are cheaper to install are adding to the segment growth.

Considering the application spectrum, Asia Pacific human centric lighting industry size from commercial and industrial settings are anticipated to grow considerably in the upcoming years. The product adoption in these segments can be credited to the lighting solutions’ pleasing effect on human psychology which improves employee productivity, enthusiasm, and commitment towards organizational objectives. Moreover, it aids in the management of biological rhythms of people working through night
shifts.

Meanwhile, hospitals are also increasingly adopting the products due to their role in enhancing the sleep-wake cycle of patients and keeping senior residents active by with the usage of circadian lighting solutions.

Speaking of the competitive landscape, major players influencing Asia Pacific human centric lighting dynamics are Signify N.V., General Electric Company (GE), Glamox AS, Legrand, Lextar Electronic Corporation, Lumileds Holding B.V., Herbert Waldman GmbH and Co. KG, Wipro Lighting, Regiolux GmbH, Osram Licht AG, Lutron Electronics Company, and Trilux GmBH and Co.KG.

These companies are directing efforts towards product development and widening their presence by undertaking strategies such as mergers, acquisitions, and partnerships to maintain a strong foothold over the industry landscape. For instance, in September 2020, Signify N.V. introduced the enhanced Philips Hue with Bluetooth connection to meet increasing consumer demand for an exclusive home lighting experience.