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From 2024–2031, the worldwide market for linear LED strip fixtures is projected to expand from an initial valuation of $2.22 billion, a CAGR (compound annual growth rate) of 14.0%.
An uptick in new building in the residential, commercial, and industrial sectors is the main driver of the robust expansion in the market for linear LED strip fixtures, which in turn is expected to heighten the demand for smart lighting solutions. Linear LED strip fixtures are also expected to benefit from government regulations that ban incandescent lighting and various incentive programs. Linear LED strip fixtures are expected to see increased use due to their many benefits, such as reduced power consumption, longer lifespan, and compatibility with a wide range of modern decorative lighting options.
The purpose of this research is to show vendors where there is potential in the market by breaking it down into different regions and sectors. Knowing the present state of the market and its projected trajectory for growth was crucial for making an opportunity assessment. In order to predict the market, consumption and production habits are being analyzed meticulously. Additional elements taken into account while making market projections include the expansion of neighboring markets, the revenue growth of major market suppliers, scenario-based analysis, and the expansion of market segments.
We estimated the market size using a top-down and bottom-up strategy, and we validated our estimates using interviews from industry professionals. Electrical Components & Equipment was derived by taking into account the market's characteristics, the proportion of Electrical Components & Equipment in Capital Goods, and vendor share, as well as by aggregating segments. The market growth was calculated by identifying and analyzing the impact of several factors, including drivers, trends, constraints, and opportunities. We evaluated the market's growth year-on-year to comprehend it in detail. In order to ascertain trends of growth, we also compared past growth rates.
The market for linear LED fixtures has been expanding at a rapid pace, largely due to technological advancements in LEDs. To begin, more powerful and brighter LED chips have been developed as a result of persistent advancements in the efficiency and effectiveness of LEDs. Because of their enhanced luminous efficacy, LED fixtures can provide more light with the same amount of energy. This has led to linear LED fixtures being a more appealing and practical substitute for conventional light bulbs in a wide range of settings, including but not limited to outdoor lighting, business and industrial areas, and homes.
Second, the ability to render colors accurately has been enhanced by developments in LED technology. Better color consistency and a broader color gamut are now possible with high-quality LED chips, allowing for more realistic and natural-looking illumination. This innovation is vital for retail, art gallery, and healthcare contexts, among others, where precise color reproduction is of the utmost importance. The improved color rendering of linear LED fixtures makes them more aesthetically pleasant and comfortable to use, which in turn increases their market penetration.
Finally, there is now more leeway in the design of linear LED lighting thanks to technology developments. Slender and contemporary lighting designs that harmonize with architectural features are made possible by smaller and more compact LED chips, which enable thinner fixture profiles. Innovations in thermal management have also improved heat dissipation, which means LED chips last longer and require less maintenance. Architects, designers, and lighting specifiers are drawn to the improved design flexibility of linear LED fixtures. They can now effortlessly incorporate these fixtures into a wide range of spaces and applications, elevating the overall aesthetics and usefulness of lighting designs.
As more and more buildings like residences, hospitals, malls, and businesses are being constructed, the need for linear LED strip fixture solutions has been growing in tandem with the replacement of the current lighting fixtures. In particular, luxurious, fashionable lighting is what most homes want. Premium decorative lights are a good investment for homeowners who want to raise their home's curb appeal. Home decorators can elevate any room's ambiance by stringing linear LED stripes across the ceiling, furniture, and walls. Homeowners may get the desired effect and ambiance with these stripes. As an example, you may create alluring levels of ambient light and draw attention to certain objects, such as books, workstations, or decorations, with John Cullen's linear LED stripes.
Report Coverage
Global Linear LED Strip Fixture research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Linear LED Strip Fixture report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Linear LED Strip Fixture competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Linear LED Strip Fixture market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Linear LED Strip Fixture market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Linear LED Strip Fixture market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Acclaim Lighting, LLC, Acolyte LED, Acuity Brands Lighting, Inc., American Lighting, Inc., Cree Lighting, Ecosense, Elemental LED, Inc. (Diode LED), Haichang Optotech Co., Ltd, Hubbell Inc., Insight Lighting, Kelvix LLC, Ledrise Limited (Lumistrips), LLI ARCHITECTURAL LIGHTING, Luminii, Nova Flex LED, OSRAM GmbH, Q-Tran Inc., Signify Holding
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Linear LED Strip Fixture market based on the below-mentioned segments:
Global Linear LED Strip Fixture Market, By Mounting Type
Suspended
Recessed
Surface
Pendant
Global Linear LED Strip Fixture market, By Application
Retail
Hospitality
Architectural, Landscape and Graphic Arts
Educational Institutes
Commercial office Spaces
Residential
Others
Global Linear LED Strip Fixture Market, By Output Voltage
5 V
12 V
24 V
Global Linear LED Strip Fixture market, Regional Analysis
An uptick in new building in the residential, commercial, and industrial sectors is the main driver of the robust expansion in the market for linear LED strip fixtures, which in turn is expected to heighten the demand for smart lighting solutions. Linear LED strip fixtures are also expected to benefit from government regulations that ban incandescent lighting and various incentive programs. Linear LED strip fixtures are expected to see increased use due to their many benefits, such as reduced power consumption, longer lifespan, and compatibility with a wide range of modern decorative lighting options.
The purpose of this research is to show vendors where there is potential in the market by breaking it down into different regions and sectors. Knowing the present state of the market and its projected trajectory for growth was crucial for making an opportunity assessment. In order to predict the market, consumption and production habits are being analyzed meticulously. Additional elements taken into account while making market projections include the expansion of neighboring markets, the revenue growth of major market suppliers, scenario-based analysis, and the expansion of market segments.
We estimated the market size using a top-down and bottom-up strategy, and we validated our estimates using interviews from industry professionals. Electrical Components & Equipment was derived by taking into account the market's characteristics, the proportion of Electrical Components & Equipment in Capital Goods, and vendor share, as well as by aggregating segments. The market growth was calculated by identifying and analyzing the impact of several factors, including drivers, trends, constraints, and opportunities. We evaluated the market's growth year-on-year to comprehend it in detail. In order to ascertain trends of growth, we also compared past growth rates.
The market for linear LED fixtures has been expanding at a rapid pace, largely due to technological advancements in LEDs. To begin, more powerful and brighter LED chips have been developed as a result of persistent advancements in the efficiency and effectiveness of LEDs. Because of their enhanced luminous efficacy, LED fixtures can provide more light with the same amount of energy. This has led to linear LED fixtures being a more appealing and practical substitute for conventional light bulbs in a wide range of settings, including but not limited to outdoor lighting, business and industrial areas, and homes.
Second, the ability to render colors accurately has been enhanced by developments in LED technology. Better color consistency and a broader color gamut are now possible with high-quality LED chips, allowing for more realistic and natural-looking illumination. This innovation is vital for retail, art gallery, and healthcare contexts, among others, where precise color reproduction is of the utmost importance. The improved color rendering of linear LED fixtures makes them more aesthetically pleasant and comfortable to use, which in turn increases their market penetration.
Finally, there is now more leeway in the design of linear LED lighting thanks to technology developments. Slender and contemporary lighting designs that harmonize with architectural features are made possible by smaller and more compact LED chips, which enable thinner fixture profiles. Innovations in thermal management have also improved heat dissipation, which means LED chips last longer and require less maintenance. Architects, designers, and lighting specifiers are drawn to the improved design flexibility of linear LED fixtures. They can now effortlessly incorporate these fixtures into a wide range of spaces and applications, elevating the overall aesthetics and usefulness of lighting designs.
As more and more buildings like residences, hospitals, malls, and businesses are being constructed, the need for linear LED strip fixture solutions has been growing in tandem with the replacement of the current lighting fixtures. In particular, luxurious, fashionable lighting is what most homes want. Premium decorative lights are a good investment for homeowners who want to raise their home's curb appeal. Home decorators can elevate any room's ambiance by stringing linear LED stripes across the ceiling, furniture, and walls. Homeowners may get the desired effect and ambiance with these stripes. As an example, you may create alluring levels of ambient light and draw attention to certain objects, such as books, workstations, or decorations, with John Cullen's linear LED stripes.
Report Coverage
Global Linear LED Strip Fixture research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Linear LED Strip Fixture report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Linear LED Strip Fixture competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Linear LED Strip Fixture market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2024 |
| Forecast Period | 2024-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Acclaim Lighting, LLC, Acolyte LED, Acuity Brands Lighting, Inc., American Lighting, Inc., Cree Lighting, Ecosense, Elemental LED, Inc. (Diode LED), Haichang Optotech Co., Ltd, Hubbell Inc., Insight Lighting, Kelvix LLC, Ledrise Limited (Lumistrips), LLI ARCHITECTURAL LIGHTING, Luminii, Nova Flex LED, OSRAM GmbH, Q-Tran Inc., Signify Holding |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Linear LED Strip Fixture Market from 2021 to 2031.
- Market Forecast for Linear LED Strip Fixture Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Linear LED Strip Fixture competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Linear LED Strip Fixture
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Linear LED Strip Fixture market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Linear LED Strip Fixture market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Acclaim Lighting, LLC, Acolyte LED, Acuity Brands Lighting, Inc., American Lighting, Inc., Cree Lighting, Ecosense, Elemental LED, Inc. (Diode LED), Haichang Optotech Co., Ltd, Hubbell Inc., Insight Lighting, Kelvix LLC, Ledrise Limited (Lumistrips), LLI ARCHITECTURAL LIGHTING, Luminii, Nova Flex LED, OSRAM GmbH, Q-Tran Inc., Signify Holding
Primary Target Market
- Market Players of Linear LED Strip Fixture
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Linear LED Strip Fixture market based on the below-mentioned segments:
Global Linear LED Strip Fixture Market, By Mounting Type
Suspended
Recessed
Surface
Pendant
Global Linear LED Strip Fixture market, By Application
Retail
Hospitality
Architectural, Landscape and Graphic Arts
Educational Institutes
Commercial office Spaces
Residential
Others
Global Linear LED Strip Fixture Market, By Output Voltage
5 V
12 V
24 V
Global Linear LED Strip Fixture market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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