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Human-centric lighting can become a multi-billion-euro business: LightingEurope study

Human-centric lighting can become a multi-billion-euro business: LightingEurope study

By BizLED bureau

October 24, 2015: LightingEurope, the German Electrical and Electronic Manufacturers? Association, has release a research study on human-centric lighting was conducted with the German Electrical and Electronic Manufacturers? Association (ZVEI) and AT Kearney. The study published in the “Quantified benefits of human-centric lighting,” defines the business opportunity that is associated with widespread usage of human-centric lighting technology.

The study shows that human-centric lighting can become a multi-billion-euro business, covering about 7% of the general lighting market in Europe.

Human centric lighting is intended to promote a person?s well-being, mood and health. It can improve concentration, safety and efficiency in workplace or educational environments. It can support healing processes and prevention of chronic diseases among persons with irregular daily routines or in elderly care. An outstanding growth trajectory is expected for this market, which has not been the focus of customers, industry and policy makers so far.

This growth is fueled by the technology transition from conventional light sources to LED modules. While the energy efficiency and durability of LED modules is widely known in the market, little attention has been paid to their advanced controllability and related applications.

The European industry is well positioned to take a leading role in this sector if policy makers and industry players work hand in hand to leverage Europe?s native strengths, including its innovation capabilities, integration competence and solution-oriented understanding of customer requirements.

The study said that entrepreneurs could gain the best return on investment (ROI) through increased worker productivity, which is possible with human-centric lighting.

Previously, LightingEurope developed a research entitled “Human centric lighting: Going beyond energy efficiency” that stated that LED-based solid-state lighting (SSL) could deliver tangible benefits in terms of human productivity or wellbeing.

The research considered non-visual effects clustered among three general areas ? feelings, functioning, and health. Feelings included mood and energy levels. Functioning is centered on performance, alertness, and productivity. Health is focused on the sleep-wake cycle.

The project studied the effects relative to micro- and macro-level benefits. A micro-level benefit would include business owners that realize a more productive workforce as the result of human-centric lighting investment. Macro-level benefits would include a healthier society and the primary macro-level beneficiaries might be health insurers or governments and the users of human-centric lighting products.

At the macro level in an office, the model projects that a business owner might realize EUR 111,000 ($124,000) annually in productivity increases from a 200-person workforce. There could be further benefits from energy efficiency as well, although those benefits would also be achievable through standard SSL projects.

The research did not find health-related benefits at the micro level. At the macro level, medical, elderly care, and wellbeing in homes becomes a major player. The study projects a total possible impact of EUR 12.8 billion ($14.3 billion) in 2020, assuming 10% penetration of human-centric lighting.

None of the facts and figures mentioned in the story have been created by BizLED.co.in. BizLED is not responsible for any factual errors.

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