With the emergence and long-term Impact of COVID-19, the Global Linear Led Strip Fixture Market to reach USD 5.27 Billion by 2030
Bizwit Research & Consulting LLP’s Recent Analysis on Global Linear Led Strip Fixture Market is poised to raised USD 5.27 billion by 2030. A Linear LED Strip Fixture is a type of lighting fixture that incorporates a linear arrangement of LED (light-emitting diode) lights. It is designed to provide illumination across a specific area, such as a room, workspace, or outdoor setting. LED strip fixtures consist of long, narrow housing that houses a series of LED chips or diodes. These diodes emit light when an electrical current passes through them, resulting in efficient and energy-saving illumination.
The housing is typically made of aluminum or other lightweight materials to ensure heat dissipation and durability. The LED chips in a linear LED strip fixture are mounted on a flexible circuit board, which allows for easy bending and installation in various configurations. The Linear LED Strip Fixture market is expanding because of factors such as the rising development of smart homes and the rising demand and adoption of energy-efficient solutions.
Smart home systems often rely on wireless communication protocols such as Wi-Fi, Zigbee, or Z-Wave. Many linear LED strip fixtures are designed to be compatible with these protocols, allowing seamless integration into smart home ecosystems. Users can control the LED strips using smart home hubs, mobile apps, or voice assistants, thereby enhancing the overall automation experience. According to Statista, the global number of smart homes in the year 2019 reached 191.4 million which increased to 307.82 million in the year 2022 and it is projected to reach at 672.57 million by year 2027.
Thus, the rising development of smart homes is driving market growth. In addition, the increase in new construction across commercial, residential, and industrial sector and government prohibitions on the use of incandescent lighting is creating new opportunities for the market. However, installation complexity stifles market growth throughout the forecast period of 2023-2030.
The regional analysis of the global Linear Led Strip Fixture Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World (ROW). North America dominated the market in 2022 owing to factors such as the rising development of smart homes, rising technological advancement, and rising government support for the industry. Whereas, Asia Pacific is projected to grow at the fastest rate owing to factors such as rising construction of office buildings, retail stores, and residential complexes, rising urbanization, and the development of smart homes in the region.
The Global Linear Led Strip Fixture Market is highly competitive owing to the presence of several key manufacturers such as Acclaim Lighting, LLC,Acolyte LED, Acuity Brands Lighting, Inc., American Lighting, Inc., Cree Lighting Inc, Ecosense Sustainable Solutions Pvt Ltd, Elemental LED, Inc. (Diode LED), Haichang Optotech Co., Ltd, Hubbell Inc., Kelvix LLC.
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Key findings of the study suggest:
- Global Linear Led Strip Fixture Market is anticipated to grow with a healthy growth rate of more than 12.01% over the forecast period 2022-2030
- In the Application segment, Less than 3000 K emerged as the leading market segment in 2022.
- North America dominated the market in 2022 owing to factors such as the rising development of smart homes, rising technological advancement, and rising government support for the industry.
- Asia-Pacific is expected at a high CAGR followed by North America during 2022-2030
Bizwit Research & Consulting has considered the following segments for the study:
By Color Temperature:
- Less than 3000 K
- 3000-K- 4000 K
- 4000 K- 5000 K
- Above 5000 K
By Output Voltage:
- 5 V
- 12 V
- 24 V
By Fixture Voltage:
- Less than 15 W
- 15 W to 50 W
- Above 50 W
By Mounting Type:
- Suspended
- Recessed
- Surface
- Pendant
By Application:
- Retail
- Hospitality
- Architectural
- Landscape and Graphic Arts
- Educational Institutes
- Commercial office Spaces
- Residential
- Others
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROEU
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- ROAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. The company has a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. Bizwit incorporate big data, expert analysis, and huge industry database to deliver client focused business consulting reports. Our analysts perform unbiased measurement and assessment of market opportunities to comprehend detailed market forecast. Our team of key opinion leaders evaluates the market size, growth prospects, end-use, applications, value & supply chain and top vendors in the industry to help the clients to take conversant business decisions without any vague assumptions.
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