According to market analysis report titled ‘Europe Human Centric Lighting Market Forecast 2027 By Application, By Solution, By Installation Type, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with MarketStudyReport, Europe human centric lighting market is slated to reach a valuation of USD 3 billion by 2027.
 

Government policies encouraging the usage of efficient lighting solutions are augmenting the growth of Europe human centric lighting market. Further, infrastructural developments pertaining to smart buildings, energy-saving lights, and intelligent architecture are playing a vital role in the industry growth.

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Since the onset of the COVID-19 pandemic, the market has benefitted as pandemic-induced restrictions have forced people to remain indoors and subsequently increased the need for lighting solutions.

Based on installation, the new installation segment is expected to expand at a strong rate during the analysis timeframe owing to architectural developments in educational, commercial, and other institutional structures. Moreover, rising emphasis on the design and architecture of aged care facilities are adding to the segmental value.

Considering the application spectrum, Europe human centric lighting market from the commercial segment is touted to record strong growth in the ensuing years. This can be ascribed to employers taking steps to improve employee productivity and well-being by installing lighting solutions that help people to cope with colder climates prevalent in the region by providing natural light effects.

Commercial sites such as banks, retail stores, and restaurants are likely to contribute significantly to the segmental growth during the assessment timeframe. Adoption of these systems in such places facilitates a healthy sleep-wake cycle among employees that helps in retaining focus by providing a cool blue light in the morning.

Speaking of the competitive landscape, major companies are focused on expanding their consumer base by undertaking product development and commercialization. For example, in April 2019, Osram Licht A, introduced a DALI -2 based tunable white system into the market with the aim to apply human-centric lighting solutions in educational institutions, healthcare facilities, and commercial offices.

In a similar vein, Herbert Waldman GmbH, and Co.KG encouraged the adoption of digitized lighting solutions in industrial buildings in January 2019.

Other key players in the Europe human centric lighting market are Signify N.V., General Electric Company (GE), Glamox AS, Legrand, Hubbel Inc., SG Armaturen AS, Helvar Oy AB, Lumitech Lighting Solution GmbH, and Regiolux GmbH.