Human Centric Lighting (HCL) Market Forecast

 Human Centric Lighting (HCL) Market Forecast -

Global use of selected modules and devices in HCL reached $1.503 billion in 2021

June 23, 2022 -- ElectroniCast Consultants, a leading market and technology consultancy, today announced the release of their market study and forecast for the use of LED light engines, lighting management LED Drivers control interface modules/devices (DALI, DMX, other), lighting sensors, switches, dimmers units, and other control units that are initially and primarily used with Human Centric Lighting (HCL) as the primary objective and initial consideration. According to the consultancy, the worldwide consumption value of specified modules/devices in solid-state lighting (SSL), which includes LEDs currently and eventually OLEDs, for the initial and primary purpose in Human Centric Lighting (HCL), reached an estimated $1.5 billion in 2021. The use of these devices/modules is forecasted to increase to slightly over $5.0 billion in 2026 and eventually reach nearly $11.3 billion in 2031.  

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Founded in 1981, ElectroniCast - https://www.electronicast.com specializes in forecasting trends in technology forecasting, markets and applications forecasting, strategic planning, and consulting. ElectroniCast Consultants, as a technology-based independent forecasting firm, serves industrial companies, trade associations, government agencies, communication and data network companies, and the financial community. Reduction of the risk of major investment decisions is the main benefit provided. ElectroniCast Consultants’ goal is to understand the challenges and opportunities facing clients and to provide timely, accurate information for strategic planning.