Linear Lighting Market Research, 2031
The global linear lighting market was valued at $20.8 billion in 2021, and is projected to reach $56.4 billion by 2031, growing at a CAGR of 11.1% from 2022 to 2031.
When multiple LEDs are grouped together in narrow area to form a strip of light, it is known as linear lighting. There has been a rapid shift away from conventional lighting systems in recent years due to advantages such as greater ambiance at a workplace and usage for replacement fixtures in vertical farms for horticultural demands. For example, MaxLite introduced the photonmax LED linear light for horticulture applications, which is intended to maximise the use of natural light in greenhouse applications and high-intensity vertical farming crops. Here, linear lights offer an excellent blend of performance, high output, and photon efficiency for greenhouse and indoor growers of all types of plants.
The linear lighting market outlook is segmented into Lighting Type, Application, and End-Use.
On the basis of type, the market is divided into suspended linear lighting, recessed linear lighting, and surface linear lighting. The recessed linear lighting segment was the highest contributor to the market in 2021.
By application, the market is divided into indoor linear lighting and outdoor linear lighting. The indoor segment accounted for the largest market share in linear lighting market growth in 2021.
By end user the market is divided into commercial and residential. The commercial segment was the highest contributor to the linear lighting market share in 2021.
Region wise, the linear lighting market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
Significant factors that impact the growth of the global linear lighting industry include the surge in adoption of for domestic applications is a primary driver of market growth for linear lights. Nowadays linear lights are the preferred option due to some innovative features by which the linear lighting industry is expected to boost. The world market is, however, severely constrained by the high cost of maintenance and the scarcity of qualified personnel. Contrarily, it is projected that during the forecast period, development of linear lighting solution across horticulture in farming sector would present profitable linear lighting market opportunity.
Linear Lighting and Control is the best resource in Miami for interior designers, architects, contractors, remodeling experts, and everyday homeowners in the Miami area. From statement-making lighting fixtures to sophisticated control systems that work well, Linear Lighting and Control has it all. For both low bay and high bay applications, including manufacturing facilities, industrial halls, sports arenas, gymnasiums, warehouses, cold storage facilities, retail spaces, and public buildings, industrial linear lightings are an energy-efficient replacement for fluorescent lighting fixtures.
The key players that operate in the linear lighting market forecast include Fagerhult Group, Acuity Brands, Osram, Philips Lighting, Cree Lighting, Eaton, Linea Light Group, Buljin ELMEC Pvt. Ltd., Current Lighting Solutions, LLC, MaxLite.
COMPETITIVE ANALYSIS
Philips Lighting, OSRAM GmbH, Acuity Brands, Inc., Fagerhult Group, and Eaton Corporation are the top 5 companies holding a prime share in the linear lighting market. Top market players have adopted various strategies, such as acquisition, agreement, business development, business expansion, collaboration, product launch, innovation, and product expansion to expand their foothold in the linear lighting market.
In April 2022, OSRAM launched its latest generation of high-performance LINEARlight FLEX LED strips for both indoor and outdoor applications. With fresh, vibrant colors that can be adjusted to almost any environment, the LINEARlight FLEX Colormix RGB and RGBW help create an unforgettable lighting experience.
In March 2022, Fagerhult purchased 100% of the shares of LED Linear GmbH, a German company with offices in Neukirchen-Vluyn, in order to strategically reinforce its position in the professional lighting industry and expand its product offerings.
KEY BENEFITS FOR STAKEHOLDERS
This study comprises analytical depiction of the linear lighting market size along with the current trends and future estimations to depict the imminent investment pockets.
The overall linear lighting market analysis is determined to understand the profitable trends to gain a stronger foothold.
The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
The linear lighting market forecast is quantitatively analyzed from 2022 to 2031 to benchmark the financial competency.
The Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the smart display.
The report includes the share of key vendors and market trends.
Linear Lighting Market Report Highlights
| Aspects | Details |
 Market Size By 2031 | USD 56.4 billion |
 Growth Rate | CAGR of 11.1% |
 Forecast period | 2021 - 2031 |
 Report Pages | 194 |
 By Lighting Type |
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 By Application |
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 By End-Use |
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 By Region |
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 Key Market Players | Fagerhult Group, linea light group, Philips Lighting, Current Lighting Solutions, LLC., Acuity Brands, Inc., OSRAM LIGHTING PRIVATE LIMITED, Cree Lighting, Eaton Corporation, Buljin ELMEC Pvt. Ltd., MaxLite, Inc |
Analyst Review
The linear lighting market is witnessing a significant rise in commercial and residential sectors applications. In lighting systems, power consumption is an important concern. Lighting consumes 20–25% of all energy in many nations, making it the most obvious form of energy use. Therefore, increasing the efficiency of the lighting system can lead to significant energy savings and a decrease in peak load. For this issue, linear lighting is regarded as the best option. The global linear lighting market is highly competitive, owing to strong presence of existing vendors. Linear lighting vendors, who have access to extensive technical and financial resources, are anticipated to gain a competitive edge over their rivals, as they have the capacity to cater to the market requirements. The competitive environment in this market is expected to further intensify with increase in technological innovations, product extensions, and different strategies adopted by key vendors.
Increased consumer demand for energy-efficient lighting systems because of their low replacement and maintenance costs, long lifespan, increased demand for linear lighting because of its attractive aesthetics, increased need for low voltage operation, and ability to withstand frequent switching are all expected to contribute to the market's revenue growth during the forecast period. Among the analyzed regions, Asia-Pacific exhibits the highest adoption rate of linear lighting and has experienced massive expansion of the market. On the other hand, North America is expected to grow at a faster pace, predicting lucrative growth due to emerging countries, such as U.S., Canada, and Mexico, investing in these lightings. Regions, such as the Middle East and Latin America, are also expected to offer new opportunities in the linear lighting market. Globally, various key players and government agencies have invested in linear lighting market to make them compatible with various commercial platforms.
The leading application of linear lighting market is indoor and outdoor.
Asia-Pacific is the largest regional market for linear lighting.
The industry size of linear lighting is estimated to be $20,784.8 million.
Philips Lighting, Osram, Acuity Brands, Inc., Fagerhult Group, and Eaton Corporation are the top companies to hold the market share in the linear lighting market.
The linear lighting market is expected to grow at a CAGR of 11.08 %.
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