Lighting

Cloudy Skies, Dark Winters, Old Buildings & Human-Centric Lighting!

The Global Human-Centric Lighting (HCL) market will be worth an estimated $849 million in 2019 and is expected to grow to approximately $3.5 billion in 2024, representing a 32.75% CAGR over the next five years. That’s according to our latest report The Human Centric Lighting Market 2019 to 2024: Global Market Prospects, Impacts & Opportunities, which shows a healthy market with huge potential. Perhaps the most striking feature of the report is Western Europe’s commanding position in the regional breakdown of HCL revenues. Europe leads the way with an estimated $395 million market that represents 46% of global revenue, Our report explores the potential reasons for this stark difference, putting the spotlight on critical geographical, historical, and political differences that have driven European HCL supremacy. The Silver Lining Europe is infamous for cloudy weather. The report compared average annual hours of sunshine for the leading 40 cities by commercial activity in Europe and North America […]

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