Linear Lighting Global Market Predicted to Augment and Reach over $36.12 Billion at a CAGR of 11.3% By 2028 | Eaton Corporation, Signify NV, Osram Licht AG, Acuity Brands Inc., Havells India Ltd.

"The new report published by The Business Research Company, titled ""Linear Lighting Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the linear lighting market size has grown rapidly in recent years. It will grow from $21.22 billion in 2023 to $23.56 billion in 2024 at a compound annual growth rate (CAGR) of 11.1%. The linear lighting market size is expected to see rapid growth in the next few years. It will grow to $36.12 billion in 2028 at a compound annual growth rate (CAGR) of 11.3%.

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Construction Industry's Impact On Linear Lighting Market
The rise in the construction industry is expected to propel the growth of the linear lighting market going forward. The construction industry encompasses a wide range of activities involved in the planning, design, construction, and maintenance of buildings, infrastructure, and other physical structures. The rise in the construction industry can be attributed to factors such as population growth, urbanization, infrastructure development, and economic expansion. Construction sites often require adequate lighting for safety and security purposes, especially during nighttime work or in dimly lit areas. Linear lighting solutions, such as temporary LED light towers or string lights, are commonly used to illuminate construction sites, providing consistent and uniform light across the entire area. For instance, in June 2023, according to the quarterly construction inquiry published by the Northern Ireland Statistics and Research Agency, a Northern Ireland-based public authority, from the first quarter of 2022 to the first quarter of 2023, the overall construction industry expanded by 6.5%, with the housing sector of construction increasing by 11.1% and the infrastructure subsector by 3.7%. Therefore, the rise in the construction industry is driving the growth of the linear lighting market.

Technological Innovations In The Linear Lighting Market
Major companies operating in the linear lighting market are focusing on technological advancements such as a linkable LED to enhance flexibility and ease of installation for various lighting applications. Linkable LED refers to LED lighting fixtures that are designed to be connected together in a series, allowing for seamless integration and easy expansion of lighting systems. For instance, in July 2021, Haichang Optotech Co. Ltd, a China-based professional LED lighting manufacturer, launched Linkable LED Linear light AL7050 with 3 CCT changeable for shops, offices and schools. This innovative lighting solution offers a range of features, including linkable design, bright and soft light beams, and the ability to create a daisy chain series by connecting multiple fixtures. The linkable design and color-tuning capabilities make this product well-suited for creating flexible, energy-efficient lighting solutions in commercial spaces.

The linear lighting market covered in this report is segmented -
1) By Lighting Type: Suspended Linear Lighting, Recessed Linear Lighting, Surface Linear Lighting, Other Lighting Types
2) By Type: Static White, Red, Green, And Blue (RGB), Red, Green, And Blue, White (RGBW), Tunable White, Other Types
3) By Application: Indoor, Outdoor
4) By End-Use: Commercial, Residential

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Major companies operating in the linear lighting market are 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, Linea Light Group S.r.l., Ecosense Lighting Inc., MaxLite Inc., Lithonia Lighting, Tivoli LLC, Lumin Lighting, ShineLong Corporation Ltd., American Linear Lighting, Vode Lighting LLC, Acclaim Lighting LLC, Ricoman Lighting, KLM Lighting

Contents of the report:
1. Executive Summary
2. Linear Lighting Market Report Structure
3. Linear Lighting Market Trends And Strategies
4. Linear Lighting Market - Macro Economic Scenario
5. Linear Lighting Market Size And Growth
…..
27. Linear Lighting Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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