PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1381676
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1381676
Global Linear LED Strip Fixture Market is valued at approximately USD 2.13 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 12.01% over the forecast period 2023-2030. 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 key regions considered for the Global Linear LED Strip Fixture Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. 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 objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of tables and figures and dummy in nature, final lists may vary in the final deliverable