Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, the Global Underwater Lighting Market Size is Expected to Grow from USD 321.3 Million in 2023 to USD 534.5 Million by 2033, at a CAGR of 5.22% during the forecast period 2023-2033.
Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Underwater Lighting Market Size, Share, and COVID-19 Impact Analysis, By Light Source (Light-Emitting Diode (LED), Xenon, Halogen, and Others), By Mounting Type (Flush-Mounted and Surface-Mounted), By Installation Type (New Installation and Retrofit Installation), By Application (Swimming Pools, Boat/Yacht Lighting, Fountains, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
Underwater lighting refers to the lights usually used on boats, underwater photography, or fishing. Further, the increase in underwater leisure activities, military search operations conducted beneath the sea, and the examination of underwater structures are the primary drivers of the expanding demand for underwater lighting. The growing trend of LEDs replacing conventional lights is anticipated to create growth prospects for the underwater lighting industry. The increasing popularity of underwater recreational activities as well as the expanding marine research and explorations are driving the growth of the underwater lighting market. Further, the technological advancements in LED packaging and lighting designs are significantly contributing to the market expansion. In addition, the emergence of marine lighting for understanding and protecting the planet’s aquatic ecosystems is contributing to propel the market. On the contrary, the increased installation costs of energy-efficient LEDs are restraining the market growth.
The light-emitting diode (LED) segment is anticipated to hold the largest market share during the forecast period.
Based on the light source, the underwater lighting market is classified into light-emitting diode (LED), xenon, halogen, and others. Among these, the light-emitting diode (LED) segment is anticipated to hold the largest market share during the forecast period. LEDs are intrinsically durable, effective, and have a long-anticipated lifespan when compared to other lighting technologies which are considered as important characteristics for underwater applications.
The surface-mounted segment is anticipated to grow at the fastest CAGR through the forecast period.
Based on the mounting type, the underwater lighting market is classified into flush-mounted and surface-mounted. Among these, the surface-mounted segment is anticipated to grow at the fastest CAGR through the forecast period. Surface-mounted segmented is further categorized into two categories: wall-mounted lights and ceiling-mounted lights. Light fixtures that are surface-mounted are affixed to exposed ceilings so that they are fully visible. Fountains, ponds, pools, aquariums, and even boats and yachts all use these fixtures.
The new installation segment is expected to hold the largest market share during the projected timeframe.
Based on the installation type, the underwater lighting market is classified into new installation and retrofit installation. Among these, the new installation segment is expected to hold the largest market share during the projected timeframe. The segment covers a broad spectrum of uses, ranging from aquariums and new recreational diving sites to underwater tunnels and marine research stations. The need for the latest technology to meet modern standards of performance, efficiency, and durability is driving the market demand in the new installation segment.
The swimming pools segment is expected to dominate the market during the projected timeframe.
Based on the application, the underwater lighting market is classified into swimming pools, boat/yacht lighting, fountains, and others. Among these, the swimming pools segment is expected to dominate the market during the projected timeframe. Swimming pools in hotels, spas, sports complexes, and apartment buildings are equipped with underwater lighting. The changing lifestyle and ongoing urbanization are the factors that are likely to drive the market demand in the swimming pools segment.
North America is estimated to hold the largest share of the underwater lighting market over the forecast period.
North America is estimated to hold the largest share of the underwater lighting market over the forecast period. The diverse recreational activities and significant marine research initiatives along with extensive coastal infrastructure in the region are significantly driving the market. The increased focus on innovation in underwater lighting for underwater tourism, marine conservation, and research applications in countries like the US is driving market growth.
Asia Pacific is predicted to grow at the highest CAGR in the underwater lighting market over the forecast period. The region's extensive marine research initiatives and infrastructure development projects are significantly contributing to driving the market. Japan's extensive diving locations, rich marine biodiversity, and large investments in marine research and technology all contribute to the country's underwater lighting sector, thereby propelling regional market growth.
Competitive Analysis
Major key players in the global underwater lighting market include Signify Holding, OceanLED Marine Ltd., Lumishore, Aqualuma LED Lighting, Eaton Corporation plc, Hayward Industries, Inc., Lumitec LLC, Cooper Industries, Huaxia Lighting Co. Ltd., Dabmar Lighting Inc., and Others.
Key Target Audience
Recent Development
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the underwater lighting market based on the below-mentioned segments:
Global Underwater Lighting Market, By Light Source
Global Underwater Lighting Market, By Mounting Type
Global Underwater Lighting Market, By Installation Type
Global Underwater Lighting Market, By Application
Global Talent Intelligence Software Market, By Regional Analysis
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