Human-Centric Lighting Market by End-user and Geography — Forecast and Analysis 2021–2025
Human-Centric Lighting Market will register a CAGR of 32% during 2020–2024. The market’s growth momentum will Accelerate.
Increase in number of residential buildings | Introduction of IoT and smart technology | Increasing adoption of energy-efficient lighting will be one of the major factors driving the growth of this market. Additionally, key Human-Centric Lighting Market trends such as the Introduction of IoT and smart technology | Increasing adoption of energy-efficient lighting will also influence market growth during the forecast period.
Human-Centric Lighting Market Size
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During the forecast period, the Human-Centric Lighting Market size will grow by $ 7.35 bn.
Human-Centric Lighting Market : Vendors
The market is fragmented and owing to the growth opportunities, the level of competition among the companies in this market space will intensify further. are some of the major companies in the Human-Centric Lighting Market. Though the forecast period offers opportunities for vendors to increase their market share, factors such as the Difficulties in optimizing tunable lighting systems | Slowdown in industrial sector growth | Disadvantages of using LED lights will also challenge the growth of the companies.
Controlled Lighting Corp. | Glamox Group | Legrand SA | Lextar Electronics Corp. | Lumileds Holding BV | Lutron Electronics Co. Inc. | OSRAM GmbH | Signify NV | TRILUX GmbH & Co. KG | Wipro Lighting.list
are some of the companies covered in Technavio’s Human-Centric Lighting Market report for 2021–2025.
Human-Centric Lighting Market : Region-level Analysis
The report identifies region-level market dynamics, developments, and key markets. The regional level analysis also identifies the market share, growth momentum, and key leading countries in the Human-Centric Lighting Market.
The Europe will account for the largest Human-Centric Lighting Market share and during 2021–2025, the region will contribute to 40% of the market’s growth.
In addition to regions and the key companies involved, Technavio’s Human-Centric Lighting Market report also analyzes the market by Residential | Commercial | Europe | North America | APAC | South America | MEA.comma
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