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[English Market Research Report] Global Market for Human-Centric Lighting

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The global market size for human-centric lighting was valued at 1.59 billion USD in 2022, and it is projected to grow from 2.01 billion USD in 2023 to 13.04 billion USD by 2031, with a CAGR of 26.34% during the forecast period (2024-2031). The human-centric lighting market is expected to experience significant expansion, driven by advancements in wireless communication technology for smart lighting systems, a surge in smart city initiatives, and the proliferation of IoT technology for ambient lighting. According to forecasts from the U.S. Department of Energy, the cost of warm white LED bulbs in the U.S. is expected to drop significantly from 1.7 USD to 0.3 USD per kilolumen by 2025. Globally, the demand for LEDs is driven by their low energy consumption and positive environmental impact, as lighting accounts for approximately 6% of global CO2 emissions.

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