Dublin, Sept. 05, 2018 (GLOBE NEWSWIRE) -- The "Global Human Centric Lighting Market Value and Volume: Focus on Component (Fixture & Controls), Applications - Analysis and Forecast (2017-2024)" report has been added to ResearchAndMarkets.com's offering.

The global HCL market is expected to grow with a CAGR of 37.2% and 35.2% in terms of volume and value, respectively during the forecast period 2018-2024.

Some of the factors driving the growth of HCL solutions in the global market are increasing benefits of human centric lighting, joint effort from regulatory bodies, manufacturers and distributors, and increased adoption of solid state lighting. The effect of lighting on humans has been studied for more than a decade now. In 2002, a study stated that gangolin cells in the retina produce melanopsin which control hormone production. The light intensity and temperature associated with it can affect production of various hormones, such as dopamine, serotonin, cortisol, and melatonin, which control important aspects in our body.

The HCL solutions are widely used in healthcare, office, education, residential, and hospitality, among others. Of all the applications for HCL solutions, healthcare segment is expected to witness the highest growth during the forecast period (2018-2024) in terms of volume and value. The major factors contributing to the growth of this segment include health benefits, such as reduced therapy times and enhanced drug efficacy, associated with HCL for the patients, doctors, and workers.

Additionally, studies conducted to understand the impact of light on humans in various medical centers and hospitals have provided enough evidence to cater to the growth of this market. Healthcare has seen the most early and widespread adoption of HCL, and the key players have developed a significant product portfolio for the same in the recent years. The majority of players, such as Philips Lighting, Glamox, OSRAM, and Helvar, among others in this industry are catering to the healthcare application.

Geographically, Europe led the global HCL market in 2017 in terms of volume and value and the region is expected to witness the highest growth during the forecast period (2018-2024). This is mainly due to the increased adoption rate of HCL solutions across the region. Furthermore, the support from the government and other regulatory bodies in this region has led to the development of HCL solutions.

The major countries in the Europe HCL market include Germany, the U.K., France, and Spain. In 2017, Germany and the U.K. contributed majorly to the Europe's HCL market. The U.K. and Germany together held approximately 65% of the total Europe HCL market. Europe has been on the forefront of HCL market in the global scenario and the market in Europe is expected to grow at the highest rate during the forecast period (2018-2024). The early adoption of HCL solution in this region is primarily driven by the regulatory bodies providing enough research to showcase the benefits of HCL across various applications.

In the past five years, the global HCL market has witnessed several strategic and technological developments undertaken by the different market players to attain their respective market shares in the emerging domain. Some of the strategies that have been adopted by the HCL solution providers are expansions, new product launches, partnerships, collaborations, contracts and agreements, and mergers and acquisitions. Among all the strategies, launch of new products has dominated the competitive landscape to become the most widely adopted strategy by the HCL solution providers.

The key market players in the global HCL market are

• Acuity Brands, Inc.
• Cree, Inc.
• FAGERHULT
• Glamox
• Helvar
• Hubbell Incorporated
• LEDVANCE
• Legrand
• Lumitech
• Lutron Electronics Co., Inc.
• OSRAM GmbH
• Philips Lighting
• Seoul Semiconductor Co. Ltd.
• Waldmann Lighting
• Zumtobel Group AG

Key Topics Covered:

1 Market Dynamics
1.1 Market Drivers
1.1.1 Benefits of Human Centric Lighting
1.1.2 Joint Effort from Regulatory Bodies, Manufacturers, and Distributors
1.1.3 Increased Adoption of Solid State Lighting
1.2 Market Opportunities
1.2.1 Emerging Applications for HCL
1.2.2 Improved Design for Human Centric Lighting Systems
1.3 Market Restraints
1.3.1 Limited Awareness of Scientifically Proven Benefits of Human Centric Lighting (HCL)
1.3.2 Return on Investment for Human Centric Lighting

2 Competitive Landscape
2.1 Introduction
2.2 Key Strategies and Developments
2.2.1 New Product Launches
2.2.2 Partnerships and Collaborations
2.2.3 Mergers and Acquisitions
2.2.4 Business Expansion, Awards, and Recognitions
2.3 Leading Player Analysis

3 Industry Analysis
3.1 Lighting Industry Trends
3.1.1 Cloud-Based Lighting Controls
3.1.2 Light Fidelity (LiFi) Becoming a Brighter Way to Communicate
3.1.3 OLED Panel Shipments on the Rise
3.1.4 LED Filament Bulbs Equivalent of Incandescent Bulb with LED Lamp Benefits
3.1.5 Lighting as a Service (LaaS)
3.2 Consortiums and Associations
3.3 Supply Chain Analysis

4 Global Human Centric Lighting Market by Component Type
4.1 Assumptions and Limitations
4.2 Market Overview
4.3 HCL Market by Component
4.3.1 Fixtures Market by Application
4.4 Controls Market Overview
4.5 Sensors
4.5.1 Sensors Market Overview
4.5.2 Sensors Market by Application
4.6 Drivers
4.6.1 Drivers Market Overview
4.6.2 Drivers Market by Application
4.7 Microprocessors and Microcontrollers
4.7.1 Microprocessors and Microcontrollers Market Overview
4.7.2 Microprocessors and Microcontrollers Market by Application
4.8 Switches and Dimmers
4.8.1 Switches and Dimmers Market Overview
4.8.2 Switches and Dimmers Market by Application
4.9 Transmitters and Receivers
4.9.1 Transmitters and Receivers Market Overview
4.9.2 Transmitters and Receivers Market by Application

5 Global Human Centric Lighting Market by Applications
5.1 Applications Market Overview
5.2 Healthcare
5.3 Education
5.4 Office
5.5 Residential
5.6 Hospitality
5.7 Others

6 Global Human Centric Lighting Market by Region
6.1 Market Overview
6.2 North America HCL Market
6.2.1 North America HCL Market by Country
6.2.2 North America HCL Market by Application
6.3 Asia-Pacific (APAC) HCL Market
6.3.1 APAC HCL Market by Country
6.3.2 APAC HCL Market by Application
6.4 Europe HCL Market
6.4.1 Europe HCL Market by Country
6.4.2 Europe HCL Market by Application
6.5 Rest-of-the-World (RoW) HCL Market
6.5.1 RoW HCL Market by Country
6.5.2 RoW HCL Market by Application

7 Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/bpdqtx/global_human?w=12

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