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Soaring Demand Set to Propel Linear Lighting Market to $38.02 Billion by 2029
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Is the Expected CAGR for the Linear Lighting Market Through 2025?
The dimensions of the linear lighting market have seen considerable expansion recently. The market, valued at $23.56 billion in 2024, is forecasted to reach $25.87 billion in 2025, evidencing a compound annual growth rate (CAGR) of 9.8%. The growth observed during the past period is linked to the expansion of energy efficiency standards, growing use in commercial premises, reducing LED costs, escalating consciousness of environmental impacts, and advancements in the field of smart lighting.
What's the Projected Size of the Global Linear Lighting Market by 2029?
Expectations show that the linear lighting market will experience significant expansion in the coming years, with projections indicating a growth to $38.02 billion in 2029 at a compounded annual growth rate (CAGR) of 10.1%. Multiple factors contributing to this projected growth include a surge in the usage of interconnected lighting systems, expansion in the residential sector, increased demand for adjustable white lighting, extended use in horticulture, the creation of environmentally-friendly lighting solutions, and an intensified focus on health and wellness through lighting. Key trends for the forecasted period consist of synergies with IoT, growing demand for smart homes, government-driven incentives geared towards energy efficiency, increased urbanization, advances in wireless technology, and the rising trend of human-centric lighting.
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Top Growth Drivers in the Linear Lighting Industry: What's Accelerating the Market?
The upward trajectory of the construction industry is predicted to spur the linear lighting market's growth. The industry, responsible for the planning, design, construction and upkeep of buildings, infrastructure, and various physical structures, has been growing due to factors like population surge, urbanization, development of infrastructure, and economic growth. Generally, appropriate lighting is necessary at construction sites for security and safety, particularly during night work or in low-light conditions. Linear lighting solutions like temporary LED light towers and string lights are typically utilized to light up these sites, offering uniform and consistent illumination across the entire area. For instance, records show that from the first quarter of 2022 till the first quarter of 2023, the Northern Ireland Statistics and Research Agency, a public authority based in Northern Ireland, reported in its quarterly construction inquiry that the construction industry overall expanded by 6.5%, with the construction's housing sector growing by 11.1% and the infrastructure sector by 3.7%. Thus, the linear lighting market's expansion is driven by the thriving construction industry.
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What Trends Will Shape the Linear Lighting Market Through 2029 and Beyond?
The leading firms in the linear lighting industry, are placing emphasis on technological innovation, such as LED strip lights, to deliver customizable lighting that is also energy efficient. These lights, which are both adjustable and backed with adhesive, use light-emitting diodes (LEDs) to provide tailored, energy-saving lighting for a variety of areas. For example, in September 2022, Govee, a smart lighting company based in China, introduced the Govee LED Strip Light M1. This is a groundbreaking lighting solution intended to boost home entertainment. It employs the superior RGBIC+ technology, boasting ten segments each with 60 LED beads per meter for advanced brightness and precision control. This strip light is designed to sync with surrounding sounds, providing a captivating experience via its music coordination feature which has 11 exclusive modes and a DreamView option which works with other Govee smart lights. The Govee LED Strip Light M1 offers over 16 million color selections and adaptable effects, enabling a broad range of customization through the Govee Home App; it can also be controlled hands-free with Amazon Alexa and Google Assistant.
What Are the Main Segments in the Linear Lighting Market?
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
Subsegments:
1) By Suspended Linear Lighting: Direct Suspended Linear Lighting, Indirect Suspended Linear Lighting, Direct Or Indirect Suspended Linear Lighting
2) By Recessed Linear Lighting: Trimmed Recessed Linear Lighting, Trimless Recessed Linear Lighting, Flanged Recessed Linear Lighting
3) By Surface Linear Lighting: Wall-Mounted Surface Linear Lighting, Ceiling-Mounted Surface Linear Lighting
4) By Other Lighting Types: Cove Linear Lighting, Pendant Linear Lighting, Continuous Row Linear Lighting
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Which Top Companies are Driving Growth in the Linear Lighting Market?
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
Which Regions Will Dominate the Linear Lighting Market Through 2029?
Asia-Pacific was the largest region in the linear lighting market in 2024. The regions covered in the linear lighting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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