The Worldwide Linear LED Strip Fixture Market is Projected to reach USD 5.2 Billion by 2030, at a CAGR of 12.3%

Linear LED Strip Fixture Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Linear LED Strip Fixture Market size is expected to reach $5.2 billion by 2030, rising at a market growth of 12.3% CAGR during the forecast period. In the year 2022, the market attained a volume of 52,078.0 thousand units, experiencing a growth of 6.9% (2019-2022).

The Commercial office Spaces segment is experiencing a CAGR of 11.2% during (2023 - 2030). Linear LED strip fixtures are well known for their greater energy efficiency as compared to traditional incandescent or fluorescent lighting solutions. Commercial office buildings usually run for long stretches of time, thus, the energy savings provided by linear LED strip lighting can greatly reduce the price of electricity bills.

The 3,000-K- 4,000 K segment is leading the segment in the Global Linear LED Strip Fixture Market by Color Temperature in 2022; thereby, achieving a market value of $1.7 billion by 2030. Compared to traditional lighting sources, including fluorescent tubes or incandescent bulbs, LED technology uses a lot less energy. LED linear lights in the 3000- to 4000-K range of color temperature include a combination of warm and cool lighting, making them suitable for a range of indoor lighting applications.

The 12 V segment would exhibit a CAGR of 12.5% during (2023 - 2030). The installation of 12V LED linear fixtures is remarkably straightforward and versatile in a wide range of applications. They are typically used in projects with a smaller scope or in locations with limited space. Curved surfaces, Inconvenient angles, and intricate patterns can all be illuminated by 12V strips owing to their modest size.

The Recessed segment is generating the highest revenue in the Global Linear LED Strip Fixture Market by Mounting Type in 2022; thereby, achieving a market value of $2.0 billion by 2030. Due to its ability to be installed recessed, LED linear fixtures are capable of being discretely hidden into walls, ceilings, or other surfaces. The space has a more modern, minimalist appearance as a result, which enhances its overall charm. Recessed fixtures are frequently employed in modern and contemporary settings as they provide seamless harmony with the interior design and architecture.

The Above 50 W segment is exhibiting a CAGR of 12.6% during (2023 - 2030). Powerful LED linear lights with wattages over 50W are widely used in commercial and industrial environments that need enough lighting. The high-brightness lighting produced by these fixtures may be useful in large areas like factories, sports arenas, warehouses, and outdoor stadiums. Because of their greater power, they may generate an adequate amount of light for these demanding applications.

The Asia Pacific region dominated the Global Linear LED Strip Fixture Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $2.2 billion by 2030. The Europe market is anticipated to grow a CAGR of 11.8% during (2023 - 2030). Additionally, The North America market would witness a CAGR of 11.5% during (2023 - 2030).

Full Report: https://www.kbvresearch.com/linear-led-strip-fixture-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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).

Global Linear LED Strip Fixture Market Segmentation

By Application (Volume, Thousand Units, USD Million, 2019-2030)

• Residential
• Hospitality
• Commercial office Spaces
• Retail
• Architectural, Landscape & Graphic Arts
• Educational Institutes
• Others

By Color Temperature (Volume, Thousand Units, USD Million, 2019-2030)

• 3,000-K- 4,000 K
• Less than 3,000 K
• Above 4,000 K- 5,000 K
• Above 5,000 K

By Output Voltage (Volume, Thousand Units, USD Million, 2019-2030)

• 24 V
• 12 V
• 5 V

By Mounting Type (Volume, Thousand Units, USD Million, 2019-2030)

• Recessed
• Suspended
• Surface
• Pendant

By Fixture Wattage (Volume, Thousand Units, USD Million, 2019-2030)

• 15 W to 50 W
• Above 50 W
• Less than 15 W

By Geography (Volume, Thousand Units, USD Million, 2019-2030)

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Companies Profiled

• 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
• Ecosense Lighting, Inc. (Korrus)

Related Reports:

North America Linear LED Strip Fixture Market Size, 2030

• August-2023
• 181 Pages

LAMEA Linear LED Strip Fixture Market Size & Forecast, 2030

• August-2023
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Europe Linear LED Strip Fixture Market Size & Growth 2030

• August-2023
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Asia Pacific Linear LED Strip Fixture Market Size to 2030

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• 222 Pages