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).
With the highest growth in the last ten years, the energy consumption for buildings increased by almost 4% from 2020 to 135 EJ. Commercial office buildings usually run for long stretches of time. Thus, the commercial office spaces segment would generate approximately 1/5th share of the market by 2030. The energy savings provided by linear LED strip lighting can greatly reduce the price of electricity bills. They give the office constant, even lighting, removing glare and promoting a pleasant working atmosphere. Employee productivity will increase as a result of decreased eye strain. Additionally, the development of commercial sector is encouraging to grow due to economic expansion. As a result, there is an increasing use of energy and lighting. Some of the factors impacting the market are greater adaptability and usability of linear LED lights, increasing use of lighting in controlling circadian rhythms and Low adoption and high upfront costs.
Since many different color temperature possibilities are available with LED linear lights, they are quite adaptable to an assortment of settings. A light source's color temperature, which may vary from warmer yellow to cool blue, white, is the hue of the light it emits. The atmosphere and mood of a location can be greatly influenced by the color temperature. For instance, to produce a warm and welcoming ambiance, warm white light (2700K–3000K) is frequently utilized in domestic situations. Additionally, the circadian rhythm functions as the internal clock of the body. The rhythmic pattern of the human body is intended to control eating and sleeping activities as well as how aware people are throughout the day. The amount, timing, length, and wavelength of light can affect a person's biological clock, according to studies on the circadian rhythm. In other words, prolonged exposure to bright artificial lighting can potentially interfere with our circadian rhythm. Therefore, due to the adaptability of linear LED lights for various situations and places and use of lighting in controlling circadian rhythms, the market has grown tremendously in popularity.
However, significant changes have occurred in the construction industry over the past several years. Worldwide, the construction industry has expanded significantly due to accelerated infrastructure development. Expanding construction operations is made possible by urbanization, industrialization, technological developments in technology and equipment, and economic growth. Additionally, economic expansion encourages the development of corporate, residential, commercial, and industrial real estate in many places. Consequently, this has resulted in an increasing use of energy and lighting. Hence, with the greater adoption of LED lights owing to these factors, the market will experience significant growth in the coming years.
On the basis of application, the market is fragmented into retail, hospitality, architectural, landscape, & graphic arts, educational institutes, commercial office spaces, residential, and others. The residential segment recorded the largest revenue share in the market in 2022. LED linear lighting's sleek, modern style enhances contemporary household interiors. Home spaces have a clean, uncomplicated appearance with a touch of refinement because of the linear form factor. LED linear lighting can be used in a number of home settings since they are flexible.
On the basis of output voltage, the market is classified into 5 V, 12 V, and 24 V. The 24 V segment acquired the largest revenue share in the market in 2022. The advantage of 24V LED linear fixtures over their counterparts is that they can support longer continuous runs. Longer deployments without observable light output changes are made possible by a higher voltage, which lowers the voltage drop along the strip. As a result, 24V LED linear fixtures are ideal for large projects that demand reliable lighting across considerable distances.
Based on color temperature, the market is characterized into less than 3000 K, 3000 K – 4000 K, 4000 K – 5000 K, and above 5000 K. The less than 3000 K segment procured a considerable growth rate in the market in 2022. Low-color temperature LED linear lights emit a gentle, soothing light that creates an ambiance that is pleasant and welcoming. These fixtures are usually selected for residential spaces like bedrooms, living rooms, and dining rooms, where individuals seek a comfortable and relaxed ambiance.
Based on mounting type, the market is segmented into suspended, recessed, surface, and pendant. The surface segment acquired a substantial revenue share in the market in 2022. Installation is very simple for surface-mounted LED linear fixtures. They can be installed straight onto walls, ceilings, or other surfaces without any cutting or structural alterations. They are suitable for both new construction projects and retrofit installations. Surface-mounted LED linear fixtures are flexible in their placement and provide a wide range of lighting design options.
By fixture wattage, the market is divided into less than 15 W, 15 W to 50 W, above 50 W. The 15 W to 50 W segment witnessed the maximum revenue share in the market in 2022. The brightness and light output of LED linear lighting fixtures in the 15W to 50W power range are higher than those of lower-wattage alternatives. As a result, they are suitable for lighting applications that call for more intense illumination, such as those for large commercial events, architectural lighting, or outdoor signage where visibility is crucial.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 2.1 Billion |
| Market size forecast in 2030 | USD 5.2 Billion |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 12.3% from 2023 to 2030 |
| Number of Pages | 628 |
| Number of Table | 1170 |
| Quantitative Data | Volume in Thousand Units, Revenue in USD Million, and CAGR from 2019 to 2030 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling |
| Segments covered | Color Temperature, Output Voltage, Mounting Type, Fixture Wattage, Application, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Region wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Europe segment acquired a significant revenue share in the market in 2022. The development of energy-saving initiatives and ecologically friendly practices began in Europe. Due to EU initiatives and laws like the Energy Performance of Buildings Directive and Eco-design Directive, energy-efficient lighting choices like LED linear fixtures have gained in popularity. These elements aid in the expansion of the market in Europe.
Free Valuable Insights: Global Linear LED Strip Fixture Market size to reach USD 5.2 Billion by 2030
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 Geography(Volume, Thousand Units, USD Million, 2019-2030)
The Market size is projected to reach USD 5.2 billion by 2030.
Greater adaptability and usability of linear LED lights are driving the Market in coming years, however, Low adoption and high upfront costs of LED lighting restraints the growth of the Market.
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).
In the year 2022, the market attained a volume of 52,078.0 thousand units, experiencing a growth of 6.9% (2019-2022).
The 3,000-K- 4,000 K segment is leading the segment in the Market by Color Temperature in 2022; thereby, achieving a market value of $1.7 billion by 2030.
The Asia Pacific region dominated the 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.
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