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The linear lighting market has seen significant growth in recent years, with notable expansion projected for the future. This blog explores the factors driving this growth, key trends, industry impacts, and recent technological innovations.

Market Size and Growth Rates

• 2023-2024 Growth: The market size is projected to grow from $21.22 billion in 2023 to $23.56 billion in 2024, reflecting a compound annual growth rate (CAGR) of 11.1%.
  • Key Drivers:
    • Energy efficiency regulations
    • Increasing adoption in commercial spaces
    • Declining LED prices
    • Growing environmental awareness
    • Advancements in smart lighting
• 2024-2028 Growth: The market is expected to reach $36.12 billion in 2028, with a CAGR of 11.3%.
  • Key Drivers:
    • Increased use of connected lighting systems
    • Growth in the residential segment
    • Rising demand for tunable white lighting
    • Expansion in horticulture applications
    • Development of sustainable lighting solutions
    • Focus on health and well-being through lighting

Major Trends

• Integration with IoT: Enhanced connectivity and smart home integration.
• Government Incentives: Support for energy-efficient technologies.
• Urbanization: Increased demand for efficient lighting in growing cities.
• Wireless Technology: Advancements leading to easier installation and control.
• Human-Centric Lighting: Growing popularity due to its health benefits.

Read The Full Linear Lighting Market Report Here:

https://www.thebusinessresearchcompany.com/report/linear-lighting-global-market-report

Construction Industry’s Impact

The construction industry’s growth is a significant driver for the linear lighting market.

• Industry Expansion:
  • Population growth, urbanization, and infrastructure development boost construction activities.
  • Economic expansion fuels demand for new buildings and infrastructure.
• Lighting Requirements:
  • Construction sites need adequate lighting for safety and security.
  • Linear lighting solutions, such as temporary LED light towers, are used for consistent and uniform lighting.
• Case Study:
  • Northern Ireland’s construction industry expanded by 6.5% from Q1 2022 to Q1 2023.
  • Housing sector grew by 11.1%, and infrastructure subsector by 3.7%.

Key Players

Major companies in the linear lighting market include:

• Eaton Corporation
• Signify NV
• Osram Licht AG
• Acuity Brands Inc.
• Havells India Ltd.
• Zumtobel Group AG
• AB Fagerhult
• Ideal Industries Lighting LLC
• Trilux GmbH & Co. KG
• Cree Inc.
• Current Lighting Solutions LLC
• Vode Lighting LLC
• Acclaim Lighting LLC
• Ricoman Lighting
• KLM Lighting

Technological Innovations

Technological advancements are driving the market forward.

• Linkable LED:
  • Enhances flexibility and ease of installation.
  • Connects fixtures in a series for seamless integration.
• Example:
  • In July 2021, Haichang Optotech Co. Ltd. launched the Linkable LED Linear Light AL7050.
  • Features include a linkable design, bright and soft light beams, and 3 CCT changeable options.

Strategic Acquisitions

Strategic acquisitions are expanding market presence.

• GE Current Acquisition:
  • In February 2022, GE Current acquired Hubbell Incorporated’s commercial and industrial lighting business.
  • Combines two companies with rich innovation histories to reinforce focus on lighting and control solutions.

Market Segmentation

The linear lighting market is segmented by:

• Lighting Type:
  • Suspended Linear Lighting
  • Recessed Linear Lighting
  • Surface Linear Lighting
  • Other Lighting Types
• Type:
  • Static White
  • Red, Green, And Blue (RGB)
  • Red, Green, And Blue, White (RGBW)
  • Tunable White
  • Other Types
• Application:
  • Indoor
  • Outdoor
• End-Use:
  • Commercial
  • Residential

Regional Insights

• Asia-Pacific:
  • The largest region in the linear lighting market in 2023.

Conclusion

The linear lighting market is poised for continued rapid growth, driven by advancements in technology, rising urbanization, and increasing demand across various applications. With major players investing in innovative solutions and strategic acquisitions, the market is set to expand further, offering new opportunities and challenges for the industry.

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The Linear Lighting Global Market Report 2024  provides an overview of the linear lighting market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The linear lighting market forecast analyzes linear lighting market size, linear lighting market share, leading competitor and their market positions.

The Table Of Content For The Linear Lighting Market Include:
1. Linear Lighting Market Executive Summary
2. Linear Lighting Market Segments
3. Linear Lighting Market Size And Linear Lighting Market Growth Rate
4. Key Linear Lighting Market Trends
5. Major Linear Lighting Market Drivers
……
25. Key Mergers And Acquisitions In The Linear Lighting Market
26. Top Linear Lighting Companies
27. Linear Lighting Market Opportunities And Strategies
28. Linear Lighting Market, Conclusions And Recommendations
29. Appendix

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