Global Human Centric Lighting Market Share, Industry Report (2017-2024)

The Human Centric Lighting (HCL) market is expected to grow with a significant rate during the forecast period since HCL is beneficial for human health and wellbeing. Furthermore, the increased adoption of Solid State Lighting (SSL) is driving the market for HCL. The market is presently at a very nascent phase, and hence the emerging applications in HCL such as hospitality sector and residential sector along with other emerging applications for HCL pose a great opportunity for growth.

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Additionally, the design upgrades which can incorporate additional features and possibilities for HCL can be looked at as a great opportunity for this market. However, lack of awareness regarding this industry is acting as a major challenge, and immense efforts are required to create awareness and educate individuals throughout the value chain.

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In the past three 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 this emerging domain. The preferred strategy for the companies has been product launches in order to strengthen their position in the global HCL market.

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