According to the new research report, the "Human Centric Lighting Market by Offering (Hardware (Lighting fixtures and Lighting Controllers), Software, and Services), Installation Type (New Installations and Retrofit Installations), Application, and Geography - Global Forecast to 2024", is projected to grow from USD 810 million in 2019 to USD 3,655 million by 2024—growing a CAGR of 35.2%.
Browse 67 market data Tables and 44 Figures spread through 163 Pages and in-depth TOC on "Human Centric Lighting Market - Global Forecast to 2024"Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=165368838“Lighting controllers to witness highest CAGR in human centric lighting market during 2019–2024”The market for lighting controllers is expected to grow at the highest CAGR from 2019 to 2024.
The human centric lighting market for lighting controllers has been further segmented into sensors, switches and dimmers, LED drivers, microcontrollers and microprocessors, and transmitters and receivers.
These lighting controls enable the implementation of intelligent lighting solutions and connect human centric lighting in various spaces.“Residential applications are expected to witness highest growth rate during forecast period”The human centric lighting market for the residential application is expected to grow at the highest CAGR from 2019 to 2024.
Also, in residential settings, i.e., at home or in elderly care, human centric lighting can reduce sleep disorders, thereby limiting the need for cost-intensive medication and reducing nursing efforts.
The growing implementation of smart lighting will lead to the increase in the demand for human centric lighting solutions in the residential sector.“Growing infrastructure and urbanization will boost demand for human centric lighting solutions in APAC during forecast period”The human centric lighting market in APAC is expected to grow at the highest CAGR during the forecast period.