PUBLISHER: Lucintel | PRODUCT CODE: 1416675
PUBLISHER: Lucintel | PRODUCT CODE: 1416675
Linear Lighting Trends and Forecast
The future of the global linear lighting market looks promising with opportunities in the commercial, and residential markets. The global linear lighting market is expected to reach an estimated $47.2 billion by 2030 with a CAGR of 11.2% from 2024 to 2030. The major drivers for this market are increasing integration of lighting solution in horticulture and growing application of these lighting in residential sectors owing to its excellent performance, flexibility, and aesthetic appeal.
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Linear Lighting by Segment
The study includes a forecast for the global linear lighting by lighting type, application, end use industry, and region
Linear Lighting Market by Lighting Type [Shipment Analysis by Value from 2018 to 2030]:
Linear Lighting Market by Application [Shipment Analysis by Value from 2018 to 2030]:
Linear Lighting Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:
Linear Lighting Market by Region [Shipment Analysis by Value from 2018 to 2030]:
List of Linear Lighting Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies linear lighting companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the linear lighting companies profiled in this report include-
Linear Lighting Market Insights
Lucintel forecasts that recessed linear will remain the largest segment over the forecast period due to its increasing usage in both commercial and residential applications.
Within this market, commercial will remain the largest segment due to growing demand for linear lighting in office buildings, retail stores, and various other commercial spaces.
APAC is expected to witness highest growth over the forecast period due to rapid urbanization and increasing awareness towards the cost-effectiveness and eco-friendliness of linear LED lights in this region.
Features of the Global Linear Lighting Market
Market Size Estimates: Linear lighting market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Linear lighting market size by lighting type, application, end use industry, and region in terms of value ($B).
Regional Analysis: Linear lighting market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different lighting types, applications, end use industries, and regions for the linear lighting market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the linear lighting market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q.1 What is the linear lighting market size?
Answer: The global linear lighting market is expected to reach an estimated $47.2 billion by 2030.
Q.2 What is the growth forecast for linear lighting market?
Answer: The global linear lighting market is expected to grow with a CAGR of 11.2% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the linear lighting market?
Answer: The major drivers for this market are increasing integration of lighting solution in horticulture and growing application of these lighting in residential sectors owing to its excellent performance, flexibility, and aesthetic appeal.
Q4. What are the major segments for linear lighting market?
Answer: The future of the linear lighting market looks promising with opportunities in the commercial, and residential markets.
Q5. Who are the key linear lighting market companies?
Answer: Some of the key linear lighting companies are as follows:
Q6. Which linear lighting market segment will be the largest in future?
Answer: Lucintel forecasts that recessed linear will remain the largest segment over the forecast period due to its increasing usage in both commercial and residential applications.
Q7. In linear lighting market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to rapid urbanization and increasing awareness towards the cost-effectiveness and eco-friendliness of linear LED lights in this region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.