Linear LED Strip Fixture Market Size/Share Envisaged to Reach USD 6.56 Billion By 2032, With 12.2% CAGR Growth: Polaris Market Research
Global linear LED strip fixture market size & share is currently valued at USD 2.08 Billion in 2022 and is anticipated to generate an estimated revenue of USD 6.56 Billion By 2032, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 12.2% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2023-2032.
New York, NY, Nov. 01, 2023 (GLOBE NEWSWIRE) — Polaris Market Research has published a recent study report titled “Linear LED Strip Fixture Market Share, Size, Trends, Industry Analysis Report, By Color Temperature, By Output Voltage (5V, 12V, 24V), By Fixture Wattage, By Application, By Region, And Segment Forecasts, 2023 – 2032” in its research database.
According to [115+ Pages] report, the global linear LED strip fixture market size & share is currently valued at USD 2.08 Billion in 2022 and is anticipated to generate an estimated revenue of USD 6.56 Billion By 2032, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 12.2% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2023-2032.
What Exactly is Linear LED Strip Fixture? How Big is Linear LED Strip Fixture Market Size & Share?
A linear LED strip fixture is a kind of lighting fixture that accommodates a row of LED (Light Emitting Diode) light sources placed in a linear composition. These fixtures are created to offer energy-efficient and bright illumination for various indoor and outdoor applications. There are three main kinds of linear lighting fixtures: recessed, surface-mounted, and suspended. Each has individual characteristics, and users must understand what their differences are before installation.
Also, since its inception, linear lighting has advanced significantly, and LED technology has been instrumental in this progress. The growing need for high-performance fuels innovation in the sector, visually beautiful linear lighting. As a result, the linear led strip fixture market size is expanding.
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Essential Takeaways from the Report
- An expansion in new construction activities across commercial, residential, and industrial sectors mainly drives the market growth.
- The increasing demand for energy-saving lighting solutions is a fundamental driver of the market.
- The linear LED strip fixture market segmentation is mainly based on the output voltage, color temperature, mounting type, application, fixture wattage, and region.
- Asia Pacific conquered the market with a significant share in 2022.
Leading Players Appeared in the Report
- Acclaim Lighting
- Acolyte LED
- Acuity Brands Lighting
- American Lighting
- Cree Lighting
- Elemental LED
- Haichang Optotech
- Insight Lighting
- Ledrise Limited
- Nova Flex LED
- Signify Holding
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Important Growth Aspects of the Market
- Increased Demand for Energy-Saving Lighting Solutions: The linear LED strip fixture market growth is mostly driven by the rising need for energy-efficient lighting solutions. Businesses and consumers alike are looking for ways to cut back on energy use and lessen their carbon footprint as environmental worries continue to rise. When compared to more conventional lighting technologies like fluorescent and incandescent lighting, linear LED strip lights have become a very effective lighting solution.
- Minimizes Power Consumption: These fixtures are an appealing option for a variety of applications, including commercial, residential, and industrial settings, because of their design, which maximizes luminous output while minimizing power consumption. Their energy efficiency helps to reduce greenhouse gas emissions in addition to lowering electricity bills, which is in line with environmental rules and sustainability goals.
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Market’s Latest Key Trends
- Government initiatives and regulations: Government programs and laws that support energy-efficient lighting also increase the requirement for linear LED strip lights. Businesses and households are encouraged to convert to energy-efficient lighting solutions by offering incentives and rebates. Consequently, it is anticipated that the linear LED strip fixture market demand will keep expanding due to the need to preserve energy, lessen the impact on the environment, and ultimately save money.
- Advantages: Fixtures come with several benefits, including reduced power usage, extended longevity, and the capacity to integrate a variety of contemporary decorative lighting alternatives. Therefore, the use of linear LED strip lights will increase significantly.
- 3000-4000K Sector Accounts for the Largest Market Share
When it comes to energy efficiency, LED technology is noticeably superior to conventional lighting sources like fluorescent tubes or incandescent bulbs. For a variety of interior lighting applications, LED linear fixtures with a color temperature range of 3000 K to 4000 K offer a well-balanced mix of warm and cold lighting.
Moreover, the category with less than 300K people is likely to increase at the quickest rate. These low-color temperature lighting fixtures give off a calming, gentle light that makes a room feel cozy and welcoming. They are frequently chosen for household spaces where a comfortable and laid-back ambiance is sought, like dining rooms, living rooms, and bedrooms.
- The Commercial Offices Sector Witnesses the Highest Growth
They are well known for being much more energy-efficient than traditional fluorescent or incandescent lighting choices. This feature is very helpful for long-running commercial office buildings since linear LED strip lighting may save a lot of energy and lower electricity bills. By distributing even and steady lighting throughout the office, these fixtures successfully reduce glare and foster a comfortable working atmosphere.
Furthermore, with a sizable linear LED strip fixture market share, the residential sector led the market. Modern household rooms look great with LED linear lighting’s sleek and stylish style. The linear form factor gives living areas a hint of refinement and simplicity. Because of their extreme adaptability, LED linear lights can be used in a variety of home environments. They are frequently found in living rooms, dining rooms, corridors, and home offices.
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Linear LED Strip Fixture Market: Report Scope
|Revenue Forecast in 2032||USD 6.56 Billion|
|Market size value in 2023||USD 2.33 Billion|
|Expected CAGR Growth||12.2% from 2023 – 2032|
|Forecast Year||2023 – 2032|
|Segments Covered||By Color Temperature, Output Voltage, Fixture Wattage, Mounting Type, Application, By Region|
|Customization Options||Customized purchase options are available to meet any research needs. Explore customized purchase options|
Asia Pacific: The region is growing more quickly due to its rapid urbanization and infrastructure development, which is demonstrated by the creation of retail establishments, office buildings, and residential complexes. Many countries in the region have enacted energy efficiency laws and government programs in order to promote sustainable lighting solutions.
Europe: Due to the large part of EU legislation and initiatives such as the Energy Performance of Buildings Directive and the Eco-design Directive, LED linear fixtures, which are renowned for their energy efficiency, have become increasingly popular in Europe. The rising adoption of energy-efficient lighting solutions in Europe can be attributed to these actions.
Browse the Detail Report “Linear LED Strip Fixture Market Share, Size, Trends, Industry Analysis Report, By Color Temperature, By Output Voltage (5V, 12V, 24V), By Fixture Wattage, By Application, By Region, And Segment Forecasts, 2023 – 2032” with in-depth TOC:
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Market’s Common Questions Answered in the Report
- What is the study period of the linear LED strip fixture market?
- How big is the size and growth rate of the market during the forecast period?
- Which factors are driving the market growth?
- What segments are covered in the report?
- Which is the largest regional market for linear LED strip fixtures?
- Who are the top players operating in the industry?
- What are the challenges and opportunities in the linear LED strip fixture market?
Polaris Market Research has segmented the linear LED strip fixture market report based on color temperature, output voltage, wattage, mounting type, application, and region:
By Color Temperature Outlook
- Less than 3000 K
- 3000-K- 4000 K
- 4000 K- 5000 K
- Above 5000 K
By Output Voltage Outlook
- 5 V
- 12 V
- 24 V
By Fixture Wattage Outlook
- Less than 15 W
- 15 W to 50 W
- Above 50 W
By Mounting Type Outlook
By Application Outlook
- Architectural, Landscape and Graphic Arts
- Educational Institutes
- Commercial Office Spaces
- North America (U.S., Canada)
- Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
- Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
- Latin America (Brazil, Mexico, Argentina)
- Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
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About Polaris Market Research:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR’s clientele spread across different enterprises. We at Polaris are obliged to serve PMR’s diverse customer base present across the industries of healthcare, technology, semiconductors and chemicals among various other industries present around the world. We strive to provide PMR’s customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR’s customers.
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