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

As per credible estimates, growing demand for smart residential and commercial buildings, in consort with rising product adoption in healthcare sector to improve patient outcomes and fast rehabilitation are augmenting the growth for North America human centric lighting market.

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Notably, the integration of sophisticated IoT devices and smart sensors in homes, as well as wireless communication technologies will will propel the industry expansion.

Government programmes fostering the development of smart cities have fuelled the demand for hardware components such as fixtures and lighting controls, thereby inducing market growth

Based on the installation, the industry is split into retrofit and new installation. In terms of solution, the market is divided into services, software, and hardware (lighting controllers, lighting fixtures). 

On the basis of application, North America human centric lighting marketplace is classified into healthcare, institutional, industrial, commercial, and residential. Among these, the institutional segment is anticipated to grow substantially over the forecast duration, owing to product usage in improving the sleep-wake cycle of the students. The self-adjusting illumination helps in increasing concentration & attention while studying and making students sleepy at the appropriate time of night.

Furthermore, the residential segment share is poised to grow significantly between 2021 and 2027, due to adequate lighting and illumination, which not only improves stress resistance but also reduces fatigue and anxiety. With consumers spending longer period at home with movement restriction during lockdown, there is focus on improving the aesthetics of the space, hence bolstered demand for the product from residential sector.

The key players in North America human centric lighting market are Zumtobel Group AG, Wipro Lighting, TRILUX GmbH & Co. KG, Signify N.V., SG Armaturen AS, Regiolux GmbH, Osram Licht AG, Lutron Electronics Co., Inc., LUMITECH Lighting Solution GmbH, Lumileds Holding B.V., Lextar Electronics Corp., Legrand, LEDMOTIVE Technologies S.L., Hubbell Incorporated, Helvar Oy Ab, Healthe, Inc., Glamox AS, Herbert Waldmann GmbH & Co. KG, General Electric Company, and Controlled Lighting Corp.