The Europe Linear LED Strip Fixture Market would witness market growth of 11.8% CAGR during the forecast period (2023-2030).In the year 2020, the Europe market's volume surged to 10,630.3 thousand units, showcasing a growth of 6.7% (2019-2022).
The market is experiencing substantial expansion, primarily driven by a rise in new construction throughout the commercial, residential, and industrial sectors. As a result, there will likely be an increased requirement for smart lighting solutions. Along with these factors, it is projected that government bans on the installation of incandescent lighting as well as various incentive programs, will encourage the usage of linear LED strip fixtures. The adoption of linear LED strip fixtures is expected to increase due to benefits, including reduced power consumption, increased lifespan, and availability of various modern decorative lighting items.
The commercial sector is seeing increased demand for LED strips compared to other lighting options, including halogen, fluorescent, and CFL lights. Similarly, governments are focusing on encouraging the use of LED lights with a focus on decreasing energy consumption, which is predicted to aid the growth of the market for linear LED strip fixtures.
The Ecodesign law, which required the phase-out of incandescent bulbs, kicked off the shift to LED lighting in the European Union in 2009. Fluorescent lighting containing mercury has become less prevalent on the EU market due to updated Ecodesign laws as well as the RoHS Directive, which governs hazardous compounds in electrical equipment. In 2023, it's anticipated that compact fluorescent lighting and all other types of fluorescent lighting will be phased out. Following the RoHS revisions, Norway, Switzerland, and the United Kingdom already comply with the EU-27 Ecodesign regulation. The regional market will grow as a result of these initiatives, which are expected to grow significantly in the upcoming years.
The Germany market dominated the Europe 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 7,937.4 thousand Units by 2030. The UK market is experiencing a CAGR of 12.8% during (2023 - 2030). Additionally, The France market is experiencing a CAGR of 14.5% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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 Wattage (Volume, Thousand Units, USD Million, 2019-2030)
By Country (Volume, Thousand Units, USD Million, 2019-2030)
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