Electronic Shelf Label Market Trends

Electronic Shelf Label Market Trends

Human-centric lighting refers to lighting solutions designed specifically to produce beneficial psychological and physiological effects on humans. It supports human health, well-being, and performance through deterministic and holistic planning and implementation of the visual, emotional, and biological effects of light. The emergence of advanced lighting technologies, including LEDs, smart bulbs, controllers, and intelligent & tunable fixtures, is promoting the implementation of smart & controllable light systems, enhancing the market share. Due to the addition of sensors and wireless controllers, light fixtures are becoming more intelligent, allowing users to control illumination through smartphones, controller devices, and computer panels.
 

The increasing demand for energy-efficient lighting systems in various sectors, including residential, commercial, retail, hospitality, and public infrastructure, is driving the human-centric lighting industry expansion. LEDs and various tunable fixtures used in these systems consume less power compared to conventional halogen and incandescent lamps, enhancing the adoption of these systems. Along with energy efficiency features, these lights also offer compatibility with circadian rhythms and lower harmful impacts on visual and non-visual health. Moreover, increasing research activities related to the implementation of energy-efficient lighting technologies are supporting the market outlook globally.
 

Government initiatives are also playing a crucial role in the growth of the human-centric lighting market. For instance, the European Union's Horizon 2020 program has allocated significant funding for research and innovation in energy-efficient lighting technologies. In the United States, the Department of Energy (DOE) has been actively promoting the adoption of advanced lighting solutions through various programs and grants aimed at improving energy efficiency in public and private sectors
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According to a report by the DOE, the adoption of LED lighting in the U.S. has resulted in energy savings of approximately 1.3 quadrillion BTUs in 2023 alone. Additionally, the Indian government's UJALA (Unnat Jyoti by Affordable LEDs for All) scheme has distributed over 360 million LED bulbs, significantly reduced energy consumption and promoting the use of energy-efficient lighting solutions.