April 10, 2023 07:31 ET | Source: MAXIMIZE MARKET RESEARCH PRIVATE LIMITED MAXIMIZE MARKET RESEARCH PRIVATE LIMITED
Pune, April 10, 2023 (GLOBE NEWSWIRE) -- Maximize Market research, a global Healthcare market research firm, has published competitive intelligence market research report on “Linear lighting Market “. The Linear lighting market size was valued at USD 21.8 Bn in 2022. The total Linear lighting Market revenue is expected to grow at a CAGR of 11.43 percent from 2022 to 2029, reaching USD 46.5 Bn by 2029. Linear Bar Light Fixture
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Linear lighting Market Scope and Research Methodology
The linear lighting market research provides detailed segmentation of the global linear lighting market by Lighting Type, Application, End-Use, and region. The report covers segments and their sub-segments in detail with the help of tables and market size figures with forecasted values. The report covers the Linear lighting market strategies followed by major players and provides their analysis on the basis of growth in the last few years in the industry which helps investors and major companies decide their investments and to make data-driven decisions. The report provides a quantitative analysis of the market segments, current trends and dynamics of the Linear Lighting market like drivers, restraints, challenges and opportunities analysis from 2022 to 2029. Primary and secondary research methods were used to collect the data from the Linear lighting market. Data from supply and demand side were collected to estimate the Linear lighting market size. Key players are identified through secondary research. Secondary research was used to collect information for the extensive, market-oriented, and commercial analysis of the Linear lighting Market. Major countries in each region are analysed according to their revenue contribution to the global linear lighting market
The linear lighting market refers to the market for lighting fixtures and solutions that feature linear or elongated shapes. These lighting products are commonly used in a wide range of applications, including commercial, residential, industrial, and outdoor lighting. The linear lighting market has been growing rapidly in recent years, driven by several factors. One of the primary drivers of growth is the increasing demand for energy-efficient lighting solutions. Linear lighting products such as LED tubes and linear LED fixtures are much more energy-efficient than traditional lighting sources, such as incandescent bulbs and fluorescent tubes. Another major driver of growth in the linear lighting market is the increasing adoption of smart lighting solutions. Smart linear lighting products allow for advanced controls and automation, which can help improve energy efficiency, enhance user comfort, and reduce maintenance costs.
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An innovative feature of linear lighting and a variety of styles and installation methods are expected to drive the market growth. An increase in adoption of linear lighting in a domestic applications and availability of variety of customizable options, including designs with corners, squares, lengthy linear runs, and direct/indirect light are increasing demand for linear lighting in end user segment. It also provides various eye-catching effects in a room and offer a wide range of color temperatures such as warm white, cool white and tunable white to RGBW color-changing light that drive Linear lighting Market demand in architectural segment
Asia Pacific region is expected to fuel the Linear Lighting Market growth
Asia Pacific region dominated the Linear lighting Market in terms of revenue in 2022 and is expected to grow at high growth rate over the forecast period. There is a large presence of major market players in the region. The demand for linear lighting in the Asia Pacific region is steadily increasing in recent years. The market growth is driven by several factors, including urbanization, industrialization, and the increasing adoption of energy-efficient lighting solutions. The LED-based linear lighting segment is expected to witness significant growth during the forecast period due to the increasing demand for energy-efficient lighting solutions. Furthermore, developing economies that include China, Japan, and India are expected to be the major contributors to the growth of the linear lighting market in the region because of the presence of large population, increasing infrastructure development, and government initiatives to promote energy-efficient lighting solutions.
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Based on Lighting type, recessed linear lighting segment held the dominant position in 2022
Recessed linear lighting fixtures typically consist of long, narrow housings that contain rows of LED or fluorescent bulbs. These fixtures can be mounted in a variety of orientations, including vertically, horizontally, or at an angle, depending on the desired lighting effect. One of the benefits of recessed linear lighting is its versatility. It can be used to create a variety of lighting effects, from soft and subtle to bright and dramatic. Additionally, because the fixtures are installed flush with the ceiling or wall, they create a clean, minimalist look that is ideal for contemporary or modern interior design.
Based on End use, Commercial segment is expected to dominate the Linear Lighting Market over the forecast period
Linear lighting is a popular lighting solution for commercial spaces as it provides a sleek, modern look while also being highly functional. It involves the use of linear LED fixtures that are designed to provide even illumination throughout a space. One of the primary advantages is that it can help to create a bright and inviting atmosphere that can be highly beneficial for businesses. Linear lighting can also help to highlight specific areas of a space, such as product displays or artwork, and can provide a more uniform distribution of light than other types of lighting.
Linear Lighting Market Key Players Include:
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Key questions answered in the Linear Lighting Market are:
Maximize Market Research is leading Electronics research firm, has also published the following reports: Architectural Lighting Market: The total market size is expected to reach USD 14.57 Bn by 2029, at a CAGR of 6.10 percent during the forecast period. Adoption of LED lighting solutions, increasing innovations in lighting technology, growing urban space, and need for attractive lights is expected to drive the market growth.
Specialty Lighting Market: The total market size is expected to reach USD 10.42 Bn by 2029, at a CAGR of 5.56 percent over the forecast period. Technological breakthroughs such as the Internet of Things (IoT) and smart lighting solutions is expected to boost the market growth.
Kitchen Lighting Market: The market is expected to grow at a CAGR of 7.5 percent during the forecast period from USD 13.2 Bn in 2022 reaching USD 22 Bn by 2029. The market is expected to be driven by rapid growth of the e-commerce industry and the increasing use of LED lights.
Intelligent Street Lighting Systems Market: The total market size is expected to reach USD 34.76 Bn by 2029, at a CAGR of 14.33 percent during the forecast period. Development of wireless technology and sensors to development of Intelligent Street Lighting Systems is expected to boost the market growth.
Virtual Kitchen Market: The total market size was valued USD 55.43 Bn. in 2021 and is expected to grow at a CAGR of 13.5 percent during the forecast period to reach a value of USD 152.66 Bn by 2029. Increasing the use of food delivery apps due to changes in people's lifestyles is expected to boost the market growth.
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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