Linear LED Strip Fixture Market: Trends, Opportunities and Competitive Analysis [2023-2028]

Linear LED Strip Fixture Market Trends and Forecast

The future of the global linear LED strip fixture market looks promising with opportunities in the retail, hospitality, architectural, landscape and graphic art, educational institute, commercial office space, and residential markets. The global linear LED strip fixture market is expected to reach an estimated $3.8 billion by 2028 with a CAGR of 11.7% from 2023 to 2028. The major drivers for this market are growing need for smart lighting solutions to reduce energy consumption along with increasing government restrictions on the usage of incandescent lighting and promote the adoption of linear LED strip fixtures.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Linear LED Strip Fixture Market by Segment

The study includes a forecast for the global linear LED strip fixture market by color temperature, mounting type, application, and region, as follows:

Linear LED Strip Fixture Market by Color Temperature [Shipment Analysis by Value from 2017 to 2028]:

• Less than 3000 K
• 3000-K- 4000 K
• Above 4000 K- 5000 K
• Above 5000 K

Linear LED Strip Fixture Market by Mounting Type [Shipment Analysis by Value from 2017 to 2028]:

• Suspended
• Recessed
• Surface
• Pendant

Linear LED Strip Fixture Market by Application [Shipment Analysis by Value from 2017 to 2028]:

• Retail
• Hospitality
• Architectural, Landscape and Graphic Arts
• Educational Institutes
• Commercial Office Spaces
• Residential
• Others

Linear LED Strip Fixture Market by Region [Shipment Analysis by Value from 2017 to 2028]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Linear LED Strip Fixture Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies linear LED strip fixture companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the linear LED strip fixture companies profiled in this report include:

• Acclaim Lighting
• Acolyte LED
• Acuity Brands Lighting
• American Lighting
• Cree Lighting
• Ecosense
• Elemental LED
• Haichang Optotech
• Hubbell
• Insight Lighting
• Kelvix
• Signify Holding

Linear LED Strip Fixture Market Insights

• Lucintel forecasts that recessed will remain the highest growing segment over the forecast period because it helps in providing indirect and diffused illumination while enhancing the visual comfort of the inhabitants.
• Within this market, residential will remain the largest segment due to increasing these application of lights as it require less energy, contain no mercury or other harmful elements and also helps in reducing carbon footprint while promoting sustainability.
• APAC will remain the largest region over the forecast period due to rapid urbanization and infrastructure development along with the rising environmental consciousness towards reduction of carbon emissions and adoption of sustainable practices in the region.

Features of the Linear LED Strip Fixture Market

• Market Size Estimates: Linear LED strip fixture market size estimation in terms of value ($B)
• Trend and Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
• Segmentation Analysis: Linear LED strip fixture market size by various segments, such as by color temperature, mounting type, application, and region
• Regional Analysis: Linear LED strip fixture market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
• Growth Opportunities: Analysis on growth opportunities in different by color temperature, mounting type, application, and regions for the linear LED strip fixture market.
• Strategic Analysis: This includes M&A, new product development, and competitive landscape for the linear LED strip fixture market.
• Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the linear LED strip fixture market size?

Answer: The global linear LED strip fixture market is expected to reach an estimated $3.8 billion by 2028.

Q2. What is the growth forecast for linear LED strip fixture market?

Answer: The global linear LED strip fixture market is expected to grow with a CAGR of 11.7% from 2023 to 2028.

Q3. What are the major drivers influencing the growth of the linear LED strip fixture market?

Answer: The major drivers for this market are growing need for smart lighting solutions to reduce energy consumption along with increasing government restrictions on the usage of incandescent lighting and promote the adoption of linear LED strip fixtures.

Q4. What are the major segments for linear LED strip fixture market?

Answer: The future of the global linear LED strip fixture market looks promising with opportunities in the retail, hospitality, architectural, landscape and graphic art, educational institute, commercial office space, and residential markets.

Q5. Who are the key linear LED strip fixture companies?

Answer: Some of the key linear LED strip fixture companies are as follows:

• Acclaim Lighting
• Acolyte LED
• Acuity Brands Lighting
• American Lighting
• Cree Lighting
• Ecosense
• Elemental LED
• Haichang Optotech
• Hubbell
• Insight Lighting
• Kelvix
• Signify Holding

Q6. Which linear LED strip fixture segment will be the largest in future?

Answer:Lucintel forecasts that recessed will remain the highest growing segment over the forecast period it helps in providing indirect and diffused illumination while enhancing the visual comfort of the inhabitants.

Q7. In linear LED strip fixture market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due to rapid urbanization and infrastructure development along with the rising environmental consciousness towards reduction of carbon emissions and adoption of sustainable practices in the region.

Q8. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.

This report answers following 11 key questions

Q.1. What are some of the most promising, high-growth opportunities for the global linear LED strip fixture market by color temperature (less than 3000 K, 3000 K-4000 K, above 4000 K-5000 K, and above 5000 K), mounting type (suspended, recessed, surface, and pendant), application (retail, hospitality, architectural, landscape and graphic arts, educational institutes, commercial office spaces, residential, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?


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