What Is The Definition Of The Global Linear Lighting Market?
Linear lighting is a type of lighting design and fixture arrangement where light sources are arranged linearly, typically in straight lines or along elongated structures. Linear lighting systems often consist of linear LED strips, fluorescent tubes, or other linear light sources that are installed in ceilings, walls, or architectural features to provide even illumination along a specific area or surface.
Linear Lighting Global Market Report 2024 provides data on the global linear lighting market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The linear lighting market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
What Are The Projections Exist For The Global Linear Lighting Market Size And Annual Growth Rates?
The linear lighting sector has experienced robust growth, increasing from $21.22 billion in 2023 to $23.56 billion in 2024, at a CAGR of 11.1%. Historical growth has been driven by stringent energy efficiency regulations, rising adoption in commercial spaces, declining LED costs, growing environmental awareness, and advances in smart lighting solutions. Future estimates predict the market will reach $36.12 billion by 2028, with a CAGR of 11.3%. Growth factors include increasing adoption of connected lighting systems, expansion in the residential sector, rising demand for tunable white lighting, sustainable lighting innovations, and lighting solutions focused on health and well-being. Trends shaping the future include IoT integration, growing demand for smart homes, government incentives for energy efficiency, rapid urbanization, advancements in wireless technology, and the rise of human-centric lighting.
Which Key Drivers Are Propelling The Linear Lighting Market's Growth?
The increasing activity in the construction industry is expected to fuel the growth of the linear lighting market. The construction industry involves a variety of tasks related to the design, planning, and creation of buildings, infrastructure, and other physical structures. The expansion of the construction sector can be attributed to factors like urbanization, population growth, infrastructure development, and economic growth. Adequate lighting, especially on construction sites, is crucial for safety and security, particularly at night or in poorly lit areas. Linear lighting solutions, including temporary LED light towers and string lights, are widely used to provide consistent lighting across construction zones. For example, in June 2023, the Northern Ireland Statistics and Research Agency reported a 6.5% growth in the construction industry between the first quarters of 2022 and 2023, with housing and infrastructure sectors seeing increases of 11.1% and 3.7%, respectively. Hence, the growth of the construction industry is driving the demand for linear lighting.
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What Are The Key Segments Within The Global Linear Lighting Market?
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
How Are New Trends Impacting The Size Of The Linear Lighting Market?
Prominent companies in the linear lighting sector are focusing on advancements such as linkable LEDs to improve flexibility and simplify installations for various applications. Linkable LEDs allow multiple fixtures to connect seamlessly in series, enabling easy expansion of lighting systems. For instance, in July 2021, Haichang Optotech Co. Ltd., a Chinese LED lighting manufacturer, introduced the Linkable LED Linear light AL7050. This product features a daisy-chain design, adjustable color temperature, and soft light beams, making it ideal for flexible, energy-efficient commercial lighting in offices, shops, and schools.
Which Region Drives The Highest Growth In The Linear Lighting Market?
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.
