Market Forecast By Offering (Hardware, Fixtures, Controllers, Software, Services), By Installation Type (New Installations , Retrofit Installations), By Application (Wholesale & Retail, Enterprises & Data Centers, Residential, Educational Institutions, Healthcare, Industrial, Hospitality), By And Competitive Landscape
Product Code: ETC4456113 | Publication Date: Jul 2023 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
Report Name | Bangladesh Human Centric Lighting Market |
Forecast period | 2025-2031 |
CAGR | 4.2% |
Growing Sector | Healthcare |
Bangladesh Human Centric Lighting Market report thoroughly covers the market by offerings, by installation, by application. The Bangladesh Human Centric Lighting market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Bangladesh Human Centric Lighting Market is seeing rapid growth, with a rise in demand for more innovative and advanced lighting solutions due to rising demand for energy-efficient lighting and the need to reduce carbon emissions. The Bangladesh Human Centric Lighting Market Growth is driven by the increasing demand for energy-efficient lighting, growing awareness about the benefits of LED lighting, and the need to reduce carbon emission.
According to 6Wresearch, the Bangladesh Human Centric Lighting Market size is expected to grow at a significant CAGR of 4.2% during the forecast period 2025-2031. The market is driven by the increasing demand for energy-efficient lighting and the need to reduce carbon emissions. The market is also being driven by government initiatives, such as subsidies, tax exemptions, and other incentives, to promote the use of LED lighting. The smart city projects being implemented in various cities are also driving the adoption of smart lighting systems. Additionally, the growing awareness of the impact of light on health and well-being is leading to the growth of human-centric lighting solutions designed for homes, offices, and commercial spaces. However, the market faces challenges such as the high cost of LED lighting products, lack of awareness about the benefits of LED lighting, and disruptions to the supply chain of critical raw materials. The harmful effects of LEDs on human health, such as damage to the retina and disruption of biological and sleep rhythms, also restrict the growth of the general lighting market
The major players in the Bangladesh Human Centric Lighting Industry include Signify Lighting NV, OSRAM GmbH, Trilux Lighting Ltd., Wipro Lighting, and Glamox SA. These companies offer a range of human-centric lighting solutions designed for homes, offices, and commercial spaces, focusing on the impact of light on health and well-being.
The government regulations affecting the human-centric lighting market in Bangladesh include subsidies, tax exemptions, and other incentives to promote the use of LED lighting. The government is taking initiatives to promote energy-efficient lighting, reduce carbon emissions, and implement smart city projects, which are driving the adoption of smart lighting systems. However, the high initial costs and lack of awareness about LED lighting are limiting the growth of the LED professional lighting market in Bangladesh.
The human-centric lighting market is expected to grow significantly. The market is also being fueled by increasing infrastructure investments, world-class mega structures requiring sustainable and efficient lighting solutions, and a rising focus on modernization and urbanization. As awareness of the benefits of human-centric lighting continues to grow and technology becomes more accessible, the market is expected to expand further, offering opportunities for companies in the lighting industry to introduce innovative solutions globally.
According to Dhaval, Research Manager, 6Wresearch, hardware segment is dominating the Bangladesh Human Centric Lighting Market Share. This includes various components such as LED lights, sensors, and control systems that are used to create human Centric lighting systems.
One of the most prominent installation types in the Bangladesh human Centric lighting industry is new installations. This refers to the installation of human Centric lighting systems in newly constructed buildings or facilities.
The healthcare sector has been one of the main drivers of HCL adoption in Bangladesh. Hospitals and healthcare facilities are increasingly investing in HCL systems to create healing environments that promote patient well-being and recovery.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Bangladesh Human Centric Lighting Market Overview |
3.1 Bangladesh Country Macro Economic Indicators |
3.2 Bangladesh Human Centric Lighting Market Revenues & Volume, 2021 & 2031F |
3.3 Bangladesh Human Centric Lighting Market - Industry Life Cycle |
3.4 Bangladesh Human Centric Lighting Market - Porter's Five Forces |
3.5 Bangladesh Human Centric Lighting Market Revenues & Volume Share, By Offering , 2021 & 2031F |
3.6 Bangladesh Human Centric Lighting Market Revenues & Volume Share, By Installation Type , 2021 & 2031F |
3.7 Bangladesh Human Centric Lighting Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.9 Bangladesh Human Centric Lighting Market Revenues & Volume Share, By , 2021 & 2031F |
4 Bangladesh Human Centric Lighting Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Bangladesh Human Centric Lighting Market Trends |
6 Bangladesh Human Centric Lighting Market, By Types |
6.1 Bangladesh Human Centric Lighting Market, By Offering |
6.1.1 Overview and Analysis |
6.1.2 Bangladesh Human Centric Lighting Market Revenues & Volume, By Offering , 2021 - 2031F |
6.1.3 Bangladesh Human Centric Lighting Market Revenues & Volume, By Hardware, 2021 - 2031F |
6.1.4 Bangladesh Human Centric Lighting Market Revenues & Volume, By Fixtures, 2021 - 2031F |
6.1.5 Bangladesh Human Centric Lighting Market Revenues & Volume, By Controllers, 2021 - 2031F |
6.1.6 Bangladesh Human Centric Lighting Market Revenues & Volume, By Software, 2021 - 2031F |
6.1.7 Bangladesh Human Centric Lighting Market Revenues & Volume, By Services, 2021 - 2031F |
6.2 Bangladesh Human Centric Lighting Market, By Installation Type |
6.2.1 Overview and Analysis |
6.2.2 Bangladesh Human Centric Lighting Market Revenues & Volume, By New Installations , 2021 - 2031F |
6.2.3 Bangladesh Human Centric Lighting Market Revenues & Volume, By Retrofit Installations, 2021 - 2031F |
6.3 Bangladesh Human Centric Lighting Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Bangladesh Human Centric Lighting Market Revenues & Volume, By Wholesale & Retail, 2021 - 2031F |
6.3.3 Bangladesh Human Centric Lighting Market Revenues & Volume, By Enterprises & Data Centers, 2021 - 2031F |
6.3.4 Bangladesh Human Centric Lighting Market Revenues & Volume, By Residential, 2021 - 2031F |
6.3.5 Bangladesh Human Centric Lighting Market Revenues & Volume, By Educational Institutions, 2021 - 2031F |
6.3.6 Bangladesh Human Centric Lighting Market Revenues & Volume, By Healthcare, 2021 - 2031F |
6.3.7 Bangladesh Human Centric Lighting Market Revenues & Volume, By Industrial, 2021 - 2031F |
6.5 Bangladesh Human Centric Lighting Market, By |
6.5.1 Overview and Analysis |
7 Bangladesh Human Centric Lighting Market Import-Export Trade Statistics |
7.1 Bangladesh Human Centric Lighting Market Export to Major Countries |
7.2 Bangladesh Human Centric Lighting Market Imports from Major Countries |
8 Bangladesh Human Centric Lighting Market Key Performance Indicators |
9 Bangladesh Human Centric Lighting Market - Opportunity Assessment |
9.1 Bangladesh Human Centric Lighting Market Opportunity Assessment, By Offering , 2021 & 2031F |
9.2 Bangladesh Human Centric Lighting Market Opportunity Assessment, By Installation Type , 2021 & 2031F |
9.3 Bangladesh Human Centric Lighting Market Opportunity Assessment, By Application, 2021 & 2031F |
9.5 Bangladesh Human Centric Lighting Market Opportunity Assessment, By , 2021 & 2031F |
10 Bangladesh Human Centric Lighting Market - Competitive Landscape |
10.1 Bangladesh Human Centric Lighting Market Revenue Share, By Companies, 2024 |
10.2 Bangladesh Human Centric Lighting Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |