The linear lighting global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Linear Lighting Market, 2024report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size – The linear lighting market size has grown rapidly in recent years. It will grow from $21.22 billion in 2023 to $23.56 billion in 2024 at a compound annual growth rate (CAGR) of 11.1%. The growth in the historic period can be attributed to growth of the energy efficiency regulations, increasing adoption in commercial spaces, declining LED prices, growing awareness of environmental impact, advancements in smart lighting
The linear lighting market size is expected to see rapid growth in the next few years. It will grow to $36.12 billion in 2028 at a compound annual growth rate (CAGR) of 11.3%. The growth in the forecast period can be attributed to increased use of connected lighting systems, growth in the residential segment, rise in demand for tunable white lighting, expansion of applications in horticulture, development of sustainable lighting solutions, increasing focus on health and well-being through lighting Major trends in the forecast period include integration with IoT, increased demand for smart homes, government incentives for energy efficiency, rising urbanization, advancements in wireless technology, growing popularity of human-centric lighting
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Scope Of Linear Lighting Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Linear Lighting Market Overview
Market Drivers -The rise in the construction industry is expected to propel the growth of the linear lighting market going forward. The construction industry encompasses a wide range of activities involved in the planning, design, construction, and maintenance of buildings, infrastructure, and other physical structures. The rise in the construction industry can be attributed to factors such as population growth, urbanization, infrastructure development, and economic expansion. Construction sites often require adequate lighting for safety and security purposes, especially during nighttime work or in dimly lit areas. Linear lighting solutions, such as temporary LED light towers or string lights, are commonly used to illuminate construction sites, providing consistent and uniform light across the entire area. For instance, in June 2023, according to the quarterly construction inquiry published by the Northern Ireland Statistics and Research Agency, a Northern Ireland-based public authority, from the first quarter of 2022 to the first quarter of 2023, the overall construction industry expanded by 6.5%, with the housing sector of construction increasing by 11.1% and the infrastructure subsector by 3.7%. Therefore, the rise in the construction industry is driving the growth of the linear lighting market.
Market Trends – Major companies operating in the linear lighting market are focusing on technological advancements such as a linkable LED to enhance flexibility and ease of installation for various lighting applications. Linkable LED refers to LED lighting fixtures that are designed to be connected together in a series, allowing for seamless integration and easy expansion of lighting systems. For instance, in July 2021, Haichang Optotech Co. Ltd, a China-based professional LED lighting manufacturer, launched Linkable LED Linear light AL7050 with 3 CCT changeable for shops, offices and schools. This innovative lighting solution offers a range of features, including linkable design, bright and soft light beams, and the ability to create a daisy chain series by connecting multiple fixtures. The linkable design and color-tuning capabilities make this product well-suited for creating flexible, energy-efficient lighting solutions in commercial spaces.
The linear lighting market covered in this report is segmented –
1) By Lighting Type: Suspended Linear Lighting, Recessed Linear Lighting, Surface Linear Lighting, Other Lighting Types
2) By Type: Static White, Red, Green, And Blue (RGB), Red, Green, And Blue, White (RGBW), Tunable White, Other Types
3) By Application: Indoor, Outdoor
4) By End-Use: Commercial, Residential
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Regional Insights – Asia-Pacific was the largest region in the linear lighting market in 2023. The regions covered in the linear lighting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies – Major companies operating in the linear lighting market are Eaton Corporation, Signify NV, Osram Licht AG, Acuity Brands Inc., Havells India Ltd., Zumtobel Group AG, AB Fagerhult, Ideal Industries Lighting LLC, Trilux GmbH & Co. KG, Cree Inc., Current Lighting Solutions LLC, Linea Light Group S.r.l., Ecosense Lighting Inc., MaxLite Inc., Lithonia Lighting, Tivoli LLC, Lumin Lighting, ShineLong Corporation Ltd., American Linear Lighting, Vode Lighting LLC, Acclaim Lighting LLC, Ricoman Lighting, KLM Lighting
Table of Contents
- Executive Summary
2. Linear Lighting Market Report Structure
3. Linear Lighting Market Trends And Strategies
4. Linear Lighting Market – Macro Economic Scenario
5. Linear Lighting Market Size And Growth
…..
27. Linear Lighting Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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