The Latin America, Middle East and Africa Linear LED Strip Fixture Market would witness market growth of 15.2% CAGR during the forecast period (2023-2030).In the year 2026, the LAMEA market's volume is expected to surge to 5,461.4 thousand units, showcasing a growth of 17.2% (2023-2030).
The installation possibilities for LED linear lights also reflect their adaptability. Designers have a variety of options to create the appropriate lighting effect with them, including surface mounting, recessed installation, and suspended installation. LED lights have also found use in various other activities like horticulture, farming, landscaping, etc. It is anticipated that over the forecast period, the growing use of LED lighting in horticulture and farming sectors will accelerate market growth.
With the construction of more new houses, hospitals, malls, and companies, the demand for linear LED strip fixture alternatives and the necessity to replace the existing lighting fixtures has increased. Particularly homes with luxurious, extravagant lighting. Premium decorative lights are likely to be adopted by consumers wishing to enhance the visual appeal of their homes.
The home's ambiance is enhanced by interior designers' use of linear LED stripes in the wardrobe, kitchen, stairwell, etc. These strips can create the ideal impression and ambiance as needed by homeowners. The increase in usage of residential applications is a key component in the growing demand for linear lights, among other significant aspects that influence the industry's expansion. Due to some cutting-edge qualities, linear lights are now the go-to option, and the market is thus estimated to grow.
The Southern Africa Development Community (SADC), consisting of 16 nations, has approved a uniform lighting standard to convert those industries to LEDs for both lamps and luminaires in the upcoming years. The demand for lamps and luminaires will switch to LED technology in 2022 after the East African Community, which consists of six countries, finalized harmonized requirements. Moreover, the emergence of several businesses, including eateries, theaters, and other commercial structures, is creating new growth chances for regional market players.
The Brazil market dominated the LAMEA 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 $2,960.7 Thousand Units by 2030. The Argentina market is showcasing a CAGR of 17.8% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 16.9% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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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