Global Human Centric Lighting Market Value and Volume: Focus on Component (Fixture & Controls), Applications - Analysis and Forecast (2017-2024)

  • ID: 4585769
  • Report
  • Region: Global
  • 201 Pages
  • BIS Research
1 of 6

FEATURED COMPANIES

  • Acuity Brands, Inc.
  • FAGERHULT
  • Helvar
  • LEDVANCE
  • Lumitech
  • Philips Lighting
  • MORE

The evolution of smart technology has considerably changed the overall lighting industry in terms of energy and money saving and has improved the safety norms for the convenience of the users.  Since the early 1990’s scientists have studied the effect of light in the improvement of Seasonal Affective Disorder (SAD) in humans. In 1989, it was successfully concluded that light can have anti-depressant impact on SAD patients. Studies have also shown that the natural color of daylight triggers melatonin and serotonin production in humans. These hormones control physical, mental, and behavioral changes or their circadian rhythm in humans.

Human Centric Lighting (HCL) is a lighting solution intended to improve a person’s well-being, mood, and health by varying the Correlated Color Temperature (CCT). HCL solutions are designed to mimic the effects and illuminance of natural sunlight. HCL is used in various applications such as healthcare, education, workplaces, retail, and residential applications, among others.  HCL, which is also known as Circadian lighting or lighting for health, is expected to gain recognition and drive the lighting industry during the forecast period 2018-2024.

The HCL market is expected to grow at a significant rate during the forecast period. This is due to 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 the fixture can affect production of various hormones, such as dopamine, serotonin, cortisol, and melatonin, which control important aspects of our body. For instance, melatonin secretion leads to drowsiness which can provide better sleep and low body temperature. The main aim of human centric lighting is to mimic daylight conditions throughout the day. Our body perceives light in a more complicated way than we understand. HCL along with the light therapy treatment can trigger the body’s internal clock. Bright blue light can be effective during the morning to improve the effectiveness and alertness of an individual, whereas less or no blue light should be used during the night to improve sleep.

The demand for HCL solutions vary according to various geographical regions. The HCL market holds a prominent share in various countries of North America, Asia-Pacific (APAC), Europe, and Rest-of-the-World (RoW). Geographically, Europe led the global HCL market in 2017 in terms of volume and value and 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 have led to the development of HCL solutions.

The major countries in the Europe HCL market include Germany, the U.K., France, and Spain. Germany and the U.K. The U.K. and Germany together held approximately 65% of the total Europe HCL market. Europe has been on the forefront of HCL 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 & 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., OSRAM GmbH, Hubbell Incorporated, Legrand, Philips Lighting, Glamox, Digital Lumens, Inc., Zumtobel Group AG, Seoul Semiconductors, Cree, Inc., Waldmann Lighting, Lutron Electronics Co., Inc., and Hevlar, among others.

The report is a compilation of different segments of global HCL market including market breakdown by component type, control type, region, and application. The report further takes into consideration market dynamics and competitive landscape. The report also discusses in detail about the key participants involved in the industry.

The report answers following questions about the global HCL market:

  • What will be the global Human Centric Lighting market value by 2024 along with the estimated CAGR?
  • What are the driving factors for the global Human Centric Lighting market through 2017 to 2024?
  • Which factors are impending the growth of the global Human Centric Lighting market?
  • What are the recent trends and developments in the global Human Centric Lighting industry?
  • Who are the leading players in the global Human Centric Lighting market along with their leading players analysis?
  • Which Global Human Centric Lighting control type will lead the global Human Centric Lighting market by 2024?
  • What is the revenue generated by Human Centric Lighting (fixture & controls) across different application verticals during the forecast period?
  • Which application will dominate the global Human Centric Lighting (fixture & controls) market by 2024?
  • Which region will lead the global Human Centric Lighting market by 2024?
  • Which application will dominate the global Human Centric Lighting market across various regions by 2024?

Enterprisewide customers will receive an Excel spreadsheet containing data in the report such as tables/market numbers.
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Note: Product cover images may vary from those shown
2 of 6

FEATURED COMPANIES

  • Acuity Brands, Inc.
  • FAGERHULT
  • Helvar
  • LEDVANCE
  • Lumitech
  • Philips Lighting
  • MORE

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 Profile
7.1 Introduction
7.2 Acuity Brands, Inc.
7.2.1 Company Overview
7.2.2 Product Portfolio
7.2.3 Financials
7.2.3.1 Financial Summary
7.2.4 SWOT Analysis
7.3 Cree, Inc.
7.3.1 Company Overview
7.3.2 Financials
7.3.2.1 Financial Summary
7.3.3 SWOT Analysis
7.4 FAGERHULT
7.4.1 Company Overview
7.4.2 Product Portfolio
7.4.3 Financials
7.4.3.1 Financial Summary
7.4.4 SWOT Analysis
7.5 Glamox
7.5.1 Company Overview
7.5.2 Product Portfolio
7.5.3 Financials
7.5.3.1 Financial Summary
7.5.4 SWOT Analysis
7.6 Helvar
7.6.1 Company Overview
7.6.2 Product Portfolio
7.6.3 Corporate Summary
7.6.4 SWOT Analysis
7.7 Hubbell Incorporated
7.7.1 Company Overview
7.7.2 Product Portfolio
7.7.3 Financials
7.7.3.1 Financial Summary
7.7.4 SWOT Analysis
7.8 LEDVANCE
7.8.1 Company Overview
7.8.2 Product Portfolio
7.8.2.1 Corporate Summary
7.8.3 SWOT Analysis
7.9 Legrand
7.9.1 Company Overview
7.9.2 Product Portfolio
7.9.3 Financials
7.9.3.1 Financial Summary
7.9.4 SWOT Analysis
7.1 Lumitech
7.10.1 Company Overview
7.10.2 Product Portfolio
7.10.3 Corporate Summary
7.10.4 SWOT Analysis
7.11 Lutron Electronics Co., Inc.
7.11.1 Company Overview
7.11.2 Product Portfolio
7.11.3 Corporate Summary
7.11.4 SWOT Analysis
7.12 OSRAM GmbH
7.12.1 Company Overview
7.12.2 Product Portfolio
7.12.2.1 Financials
7.12.2.2 Financial Summary
7.12.3 SWOT Analysis
7.13 Philips Lighting
7.13.1 Company Overview
7.13.2 Product Portfolio
7.13.3 Financials
7.13.3.1 Financial Summary
7.13.4 SWOT Analysis
7.14 Seoul Semiconductor Co. Ltd.
7.14.1 Company Overview
7.14.2 Product Portfolio
7.14.1 Financials
7.14.1.1 Financial Summary
7.14.2 SWOT Analysis
7.15 Waldmann Lighting
7.15.1 Company Overview
7.15.2 Product Portfolio
7.15.3 Corporate Summary
7.15.4 SWOT Analysis
7.16 Zumtobel Group AG
7.16.1 Company Overview
7.16.2 Product Portfolio
7.16.3 Financials
7.16.3.1 Financial Summary
7.16.4 SWOT Analysis

8 Research Scope and Methodology
8.1 Scope of the Report
8.2 HCL Market Research Methodology

List of Tables
Table 1  Global Human Centric Lighting Market Snapshot, 2017 and 2024
Table 2.1  Product Launches 2015-2018
Table 2.2  Partnerships & Collaborations
Table 2.3  Mergers and Acquisitions
Table 2.4  Business Expansion, Awards, and Recognitions
Table 3.1  Major LaaS Business Model Deployments
Table 3.2  Examples of Some Associations and Consortia
Table 4.1  Component Type Market Size, Units Million, 2017-2024
Table 4.2  Component Type Market Size, $Million, 2017-2024
Table 4.3  Global HCL Fixtures Market Breakdown by Application, Units Million, 2017–2024
Table 4.4  Global Fixtures Market Breakdown by Application, $Million, 2017–2024
Table 4.5  Controls Type Market Size Units Million, 2017-2024
Table 4.6  Component Type Market Size, $Million, 2017-2024
Table 4.7  Global Sensors Market Breakdown by Application, Thousand Units, 2017–2024
Table 4.8  Global Sensors Market Breakdown by Application, $Million, 2017–2024
Table 4.9  Global HCL Drivers Market Breakdown by Application, Thousand Units, 2017-2024
Table 4.10  Global Drivers Market Breakdown by Application, $Million, 2017-2024
Table 4.11  Global Microprocessors and Microcontrollers Market Breakdown by Application, Thousand Units, 2017-2024
Table 4.12  Global Microprocessors and Microcontrollers Market Breakdown by Application, $Million, 2017-2024
Table 4.13  Global Switches and Dimmers Market Breakdown by Application, Thousand Units, 2017–2024
Table 4.14  Global Switches Market Breakdown by Application, $Million, 2017–2024
Table 4.15  Global Transmitters and Receivers Market Breakdown by Application, Thousand Units, 2017-2024
Table 4.16  Global Transmitters and Receivers Market Breakdown by Application, $Thousand, 2017–2024
Table 5.1  HCL Market Size by Applications, Units Million, 2017-2024
Table 5.2  HCL Market Size by Applications, $Million, 2017-2024
Table 6.1  Global HCL Market Breakdown by Region, Units Million, 2017-2024
Table 6.2  Global HCL Market Breakdown by Region, $Million, 2017–2024
Table 6.3  North America Human Centric Lighting Market Breakdown by Country, Thousand Units, 2017-2024
Table 6.4  North America Human Centric Lighting Market Breakdown by Country, $Million, 2017–2024
Table 6.5  North America HCL Market Breakdown by Application, Thousand Units, 2017-2024
Table 6.6  North America HCL Market Breakdown by Region, $Million, 2017–2024
Table 6.7  North America HCL Application
Table 6.8  Asia Pacific HCL Market Breakdown by Country, Thousand Units, 2017-2024
Table 6.9  Asia Pacific HCL Market Breakdown by Country, $Million, 2017–2024
Table 6.10  APAC HCL Market Breakdown by Application, Thousand Units, 2017-2024
Table 6.11  APAC HCL Market Breakdown by Region, $Million, 2017 – 2024
Table 6.12  Europe HCL Market Breakdown by Country, Units Million, 2017–2024
Table 6.13  Europe HCL Market Breakdown by Country, $Million, 2017–2024
Table 6.14  Europe HCL Market Breakdown by Application, Units Million, 2017-2024
Table 6.15  Europe HCL Market Breakdown by Region, $Million, 2017–2024
Table 6.16  Europe HCL Application
Table 6.17  Rest-of-the-World Human Centric Lighting Market Breakdown by Country, Units Million, 2017-2024
Table 6.18  Rest-of-the-World Human Centric Lighting Market Breakdown by Country, $Million, 2017–2024
Table 6.19  RoW HCL Market Breakdown by Application, Thousand Units, 2017-2024
Table 6.20  RoW HCL Market Breakdown by Region, $Million, 2017–2024

List of Figures
Figure 1  Global Human Centric Lighting Market Snapshot, 2017-2024
Figure 2  Effects of Light on the Human Body Clock
Figure 3  Global Human Centric Lighting Market by Controls, 2017, 2018 and 2024
Figure 4 Sensors Market by Application, 2017 and 2024
Figure 5 Human Centric Lighting Market Size by Applications, 2017 and 2024
Figure 6 Global Human Centric Lighting Market by Region, 2017
Figure 7 Global Human Centric Lighting Market by Country, $Million, 2017
Figure 1.1 Market Dynamics
Figure 1.2 Effects of Light on the Human Body Clock
Figure 1.3 Benefits of HCL across Various Applications
Figure 1.4 Decreasing Average Selling Price (ASP) of LED Bulbs, 2009-2020
Figure 2.1 Key Strategies and Developments, Jan 2015- May 2018
Figure 2.2 Analysis of the Leading Players
Figure 3.1 OLED Shipments, 2015-2023
Figure 3.2 LaaS Business Model
Figure 3.3 Supply Chain
Figure 4.1 Human Centric Lighting Market Segmentation
Figure 4.2 Global Human Centric Lighting Market in 2018 and 2024
Figure 4.3 Global Human Centric Lighting Market, 2017 and 2024
Figure 4.4 Benefits of Human Centric Lighting
Figure 4.5 Effects of Light Beyond Visual Perception
Figure 4.6 Fixture Market by Application, 2017 and 2024
Figure 4.7 Human Centric Lighting – Component Type Market
Figure 4.8 HCL Controls Market Size by Type, 2017 and 2024
Figure 4.9 Sensors Market Size in Human Centric Lighting Industry, 2017-2024
Figure 4.10 Sensors Market by Application, 2017 and 2024
Figure 4.11 Drivers Market Size in Human Centric Lighting Industry 2017-2024
Figure 4.12 Drivers Market by Application, 2017 and 2024
Figure 4.13 Microprocessors and Microcontrollers Market Size in Human Centric Lighting Industry, 2017-2024
Figure 4.14 Microprocessors and Microcontrollers Market by Application, 2017 and 2024
Figure 4.15 Switches and Dimmers Market Size in Human Centric Lighting Industry, 2017-2024
Figure 4.16 Switches and Dimmers Market by Application, 2017 and 2024
Figure 4.17 Transmitters and Receivers Market Size in Human Centric Lighting Industry, 2017-2024
Figure 4.18 Transmitters and Receivers Market by Application, 2017 and 2024
Figure 5.1 Human Centric Lighting– Applications Market
Figure 5.2 HCL Market Size by Applications, 2017 and 2024
Figure 5.3 Parameters to be considered for HCL design
Figure 5.4 Lighting Required Throughout the Day
Figure 6.1 Global Human Centric Lighting Market by Region, 2018-2024
Figure 6.2 Global Human Centric Lighting Market by Region, 2017 and 2024
Figure 6.3 North America Human Centric Lighting Market by Country
Figure 6.4 North America HCL Market by Application, 2017 and 2024
Figure 6.5 Asia Pacific Human Centric Lighting Market by Country
Figure 6.6 APAC HCL Market by Application, 2017 and 2024
Figure 6.7 Europe Human Centric Lighting Market by Country
Figure 6.8 Europe HCL Market by Application, 2017 and 2024
Figure 6.9 Rest-of-the-World Human Centric Lighting Market by Country
Figure 6.10 RoW HCL Market by Application, 2017 and 2024
Figure 7.1 Share of Key Company Profiles
Figure 7.2 Acuity Brands, Inc.: Overall Financials, $Million, 2015-2017
Figure 7.3 Acuity Brands, Inc.: Net Revenue by Region, $ Million, 2015-2017
Figure 7.4 Acuity Brands, Inc.: SWOT Analysis
Figure 7.5 Cree, Inc.: Overall Financials, $Million, 2015-2017
Figure 7.6 Cree, Inc.: Net Revenue by Region, $Million, 2015-2017
Figure 7.7 Cree, Inc.: Net Revenue by Business Segment, $Million, 2015-2017
Figure 7.8 Cree, Inc.: SWOT Analysis
Figure 7.9 Fagerhult: Overall Financials, $Million, 2015-2017
Figure 7.10 Fagerhult: Net Revenue by Region, $Million, 2015-17
Figure 7.11 Fagerhult: Net Revenue by Business Segment, $Million, 2015-2017
Figure 7.12 Fagerhult: SWOT Analysis
Figure 7.13 Glamox: Overall Financials, $Million, 2014-2016
Figure 7.14 Glamox: Net Revenue by Region, $Million, 2014-2016
Figure 7.15 Glamox: SWOT Analysis
Figure 7.16 Helvar: SWOT Analysis
Figure 7.17 Hubbell Incorporated: Overall Financials, $Million, 2015-2017
Figure 7.18 Hubbell Incorporated: Net Revenue by Region, $Million, 2015-2017
Figure 7.19 Hubbell Incorporated: Net Revenue by Business Segment, $Million, 2015-2017
Figure 7.20 Hubbell Incorporated: SWOT Analysis
Figure 7.21 LEDVANCE: SWOT Analysis
Figure 7.22 Legrand: Overall Financials, $Million, 2015-2017
Figure 7.23 Legrand: Net Revenue by Region, $Million, 2015-2017
Figure 7.24 Legrand: SWOT Analysis
Figure 7.25 Lumitech: SWOT Analysis
Figure 7.26 Lutron Electronics Co., Inc.: SWOT Analysis
Figure 7.27 OSRAM GmbH: Overall Financials, $Million, 2015-2017
Figure 7.28 OSRAM GmbH: Net Revenue by Region, $Million, 2015-2017
Figure 7.29 OSRAM GmbH: Net Revenue by Business Segment, $Million, 2015-2017
Figure 7.30 OSRAM GmbH: SWOT Analysis
Figure 7.31 Philips Lighting: Overall Financials, $Million, 2015-2017
Figure 7.32 Philips Lighting: Net Revenue by Region, $Million, 2015-2017
Figure 7.33 Philips Lighting: Net Revenue by Business Segment, $Million, 2015-2017
Figure 7.34 Philips Lighting: SWOT Analysis
Figure 7.35 Seoul Semiconductor Co., Ltd: Overall Financials, $Million, 2015-2017
Figure 7.36 Seoul Semiconductors Co. Ltd.: SWOT Analysis
Figure 7.37 Waldmann Lighting: SWOT Analysis
Figure 7.38 Zumtobel Group AG: Overall Financials, $Million, 2015-2017
Figure 7.39 Zumtobel Group AG: Net Revenue by Region, $Million, 2015-2017
Figure 7.40 Zumtobel Group AG: Net Revenue by Business Segment, $Million, 2015-2017
Figure 7.41 Zumtobel Group AG: SWOT Analysis
Figure 8.1 Scope of the Report
Figure 8.2 Secondary Data Sources
Figure 8.3 Top Down and Bottom Up Approach
Figure 8.4 HCL Market Influencing Factors
Figure 8.5 Assumptions and Limitations

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Acuity Brands, Inc.
  • FAGERHULT
  • Helvar
  • LEDVANCE
  • Lumitech
  • Philips Lighting
  • MORE

The evolution of smart technology has considerably changed the overall lighting industry in terms of energy and money saving and has improved the safety norms for the convenience of the users.  Since, the early 1990’s scientists have studied the effect of light in the improvement of Seasonal Affective Disorder (SAD) in humans. In 1989, it was successfully concluded that light can have anti-depressant impact on SAD patients. Studies have also shown that the natural color of daylight triggers melatonin and serotonin production in humans. These hormones control physical, mental, and behavioral changes or their circadian rhythm in humans.

Human Centric Lighting (HCL) is a lighting solution intended to improve a person’s well-being, mood, and health by varying the Correlated Color Temperature (CCT). HCL solutions are designed to mimic the effects and illuminance of natural sunlight. HCL is used in various applications such as healthcare, education, workplaces, retail, and residential applications, among others.  HCL, which is also known as Circadian lighting or lighting for health, is expected to drive the lighting industry in the forecast period 2018-2024.

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. For instance, melatonin secretion leads to drowsiness which can provide better sleep and low body temperature. The main aim of human centric lighting is to mimic daylight conditions throughout the day. Our body perceives light in a more complicated way than we understand. HCL along with the light therapy treatment can trigger the body’s internal clock. Bright blue light can be effective during the morning to improve the effectiveness and alertness of an individual, whereas less or no blue light should be used during the night to improve sleep.

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., OSRAM GmbH, Hubbell Incorporated, Legrand, Philips Lighting, Glamox, Digital Lumens, Inc., Zumtobel Group AG, Seoul Semiconductors, Cree, Inc., Waldmann Lighting, Lutron Electronics Co., Inc., and Hevlar, among others.

Note: Product cover images may vary from those shown
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  • 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
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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