Guidehouse Insights Estimates European Tunable LED Luminaire Market Will Grow at Compound Annual Growth Rate of 14% by 2030

Market growth is supported by industry standards, certificates, and guidelines as well as increased demand in commercial facilities
Published: Jan. 20, 2022 at 4:15 AM CST

BOULDER, Colo., Jan. 20, 2022 /PRNewswire/ -- A new report from Guidehouse Insights examines the global tunable lighting and control market for human-centric lighting (HCL) in commercial building applications, with global market estimates extending through 2030.

(PRNewsfoto/Guidehouse Insights)
(PRNewsfoto/Guidehouse Insights)

While much of the focus of lighting for wellness and health is placed on natural light, HCL—primarily driven by LED tunable lighting—allows occupants to mimic natural light and customize it to more closely align with the body's circadian rhythm. According to a new report from Guidehouse Insights, tunable LED luminaire revenue in Europe is estimated to grow at a compound annual growth rate (CAGR) of 14.2% by 2030.

"The HCL market has been driven by various research and standards from Europe, making the region the leading market for health and well-being lighting," says Young Hoon Kim, senior research analyst with Guidehouse Insights. "The North American market is second in size, followed by Asia Pacific where there is good potential based on its high economic growth and dense population."

According to the report, HCL market growth is supported not only by guidelines, but also by certifications, such as the WELL Building Standard and UL safety and performance standards. The market is also experiencing substantial demand growth due to healthcare facilities, schools, and commercial offices focused on promoting the well-being of building occupants.

The report, Lighting for Healthy Buildings, analyzes the global tunable lighting and control market for HCL in commercial building applications: technology and industry trends and technical advancements. Global market estimates, broken down by segment and region, extend through 2030. An executive summary of the report is available for free download on the Guidehouse Insights website.

About Guidehouse Insights
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today's rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team's research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.

About Guidehouse
Guidehouse is a leading global provider of consulting services to the public sector and commercial markets, with broad capabilities in management, technology, and risk consulting. By combining our public and private sector expertise, we help clients address their most complex challenges and navigate significant regulatory pressures focusing on transformational change, business resiliency, and technology-driven innovation. Across a range of advisory, consulting, outsourcing, and digital services, we create scalable, innovative solutions that help our clients outwit complexity and position them for future growth and success. The company has more than 12,000 professionals in over 50 locations globally. Guidehouse is a Veritas Capital portfolio company, led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets, and agenda-setting issues driving national and global economies. For more information, please visit www.guidehouse.com.

* The information contained in this press release concerning the report, Lighting for Healthy Buildings, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report's conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.

For more information, contact:

Jennifer Peacock
+1.404.575.3859
jpeacock@guidehouse.com

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SOURCE Guidehouse Insights

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