The Asia Pacific Linear LED Strip Fixture Market would witness market growth of 12.7% CAGR during the forecast period (2023-2030).In the year 2021, the Asia Pacific market's volume surged to 19,769.2 thousand units, showcasing a growth of 7.2% (2019-2022).
The adoption of light-emitting diodes (LEDs) and lighting efficiency advancements continued in 2022. While many nations started eliminating incandescent lighting over ten years ago, several are now starting to do the same with fluorescent lighting so that LEDs become the standard lighting technology. Greater efficiency did not offset the rise in lighting use, which resulted in increased electricity consumption in 2022. To ensure that all nations sell mostly LED technology and with rising efficiency, progress in this field must be maintained through 2030 to conform with the Net Zero Emissions by 2050 Scenario.
Additionally, given their various sizes and forms, LED linear lights are extremely adaptable and suitable for various applications. In a variety of situations, from commercial to domestic, they can be utilized for task lighting, accent lighting, and general illumination. One of the main benefits of LED linear lights is their capacity to take on various shapes and span a range of lengths. Due to their flexibility and great aesthetic value, LED linear lights can produce distinctive designs that complement a room's overall design and decor. Elaborate and complicated patterns, as well as elegant, minimalist designs, can be produced with them. Due to its adaptability, LED linear lights can also be employed in rooms with odd arrangements or geometries.
The rate of urbanization in China is one of the highest in the world. By 2025, China will have built the equivalent of ten cities the size of New York, according to data from the American Institute of Architects (AIA) Shanghai. While China's urbanization rate reached 64.7% in 2022, the government is attempting to enhance urban living conditions by pursuing an urban regeneration agenda to create greener, more efficient cities. Additionally, most LED lighting goods are produced, consumed, and exported from China, and ongoing regulatory actions drive their sector toward 100% LED lighting. Thus, the region presents lucrative growth prospects for the market.
The China market dominated the Asia Pacific Linear LED Strip Fixture Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market volume of 19,128.9 thousand Units by 2030. The Japan market is exhibiting a CAGR of 13.9% during (2023 - 2030). Additionally, The India market would experience a CAGR of 15.4% during (2023 - 2030).
Based on Application, the market is segmented into Residential, Hospitality, Commercial office Spaces, Retail, Architectural, Landscape & Graphic Arts, Educational Institutes and Others. Based on Color Temperature, the market is segmented into 3,000-K- 4,000 K, Less than 3,000 K, Above 4,000 K- 5,000 K and Above 5,000 K. Based on Output Voltage, the market is segmented into 24 V, 12 V, and 5 V. Based on Mounting Type, the market is segmented into Recessed, Suspended, Surface, and Pendant. Based on Fixture Wattage, the market is segmented into 15 W to 50 W, Above 50 W, and Less than 15 W. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Linear LED Strip Fixture Market is Projected to reach USD 5.2 Billion by 2030, at a CAGR of 12.3%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Acclaim Lighting, LLC, GENLED Brands, Acuity Brands, Inc., American Lighting, Inc, Cree Lighting (Ideal Industries, Inc.), Elemental LED, Inc., Haichang Optotech Co., Limited, Hubbell Incorporated, Insight Lighting and Ecosense Lighting, Inc. (Korrus).
By Application (Volume, Thousand Units, USD Million, 2019-2030)
By Color Temperature (Volume, Thousand Units, USD Million, 2019-2030)
By Output Voltage (Volume, Thousand Units, USD Million, 2019-2030)
By Mounting Type (Volume, Thousand Units, USD Million, 2019-2030)
By Fixture Wattag (Volume, Thousand Units, USD Million, 2019-2030)
By Country (Volume, Thousand Units, USD Million, 2019-2030)
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