Dublin, Feb. 22, 2022 (GLOBE NEWSWIRE) -- The "Worldwide Underwater Lighting Industry" report has been added to ResearchAndMarkets.com's offering.
The Global Underwater Lighting Market is estimated to be USD 302.2 Mn in 2021 and is expected to reach USD 394.96 Mn by 2026, growing at a CAGR of 5.5%.
Market Dynamics
The Global Underwater Lighting Market is driving due to increasing demand for underwater lighting treatment in the various swimming pool, fountains, aquariums, and other applications. The benefits offered by aquatic lighting systems to fish attractors for night fishing are driving the market's growth.
Moreover, the growing demand for Aesthetic water-featured landscaping helps fuel the market's growth. On the other hand, the high cost associated with installing energy-efficient LEDs is restricting the market and hampering the development of the global underwater lighting market.
Furthermore, replacing traditional lighting solutions with underwater lighting solutions, growing urbanization, and increasing government initiatives and support in adopting energy-efficient LEDs will create potential demand in the forecasted period. Moreover, high absorption of light underwater is the challenge that may negatively affect the market's growth.
The Global Underwater Lighting Market is segmented based on Application Type, Light Source Type, Mounting Type, Installation Type, and Geography.
Company Profiles
Some of the companies covered in this report are Acuity Brands, Inc, Aqualuma LED Lighting, Attwood Corporation, Eaton Corporation plc, Hayward Industries, Inc, Lumishore, OceanLED, Shadow-Caster, Inc, Signify Holding B.V, and T-H Marine Supplies, Inc., etc.
Countries Studied
- America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
- Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
- Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
- Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)
Competitive Quadrant
The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Why buy this report?
- The report offers a comprehensive evaluation of the Global Underwater Lighting Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
- The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The report also contains the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.
Key Topics Covered:
1 Report Description
2 Research Methodology
3 Executive Summary
4 Market Influencers
4.1 Drivers
4.1.1 Increasing Demand for Underwater Lighting in Various Applications
4.1.2 Growing Demand in Aesthetic Water-Featured Landscaping
4.1.3 Benefits for Fish Attractor for Night Fishing
4.2 Restraints
4.2.1 High Cost Associated with Energy-Efficient LEDs
4.3 Opportunities
4.3.1 Replacement of Traditional Lighting Solutions
4.3.2 Increasing Government Initiatives in Adoption of Energy-Efficient LEDs
4.4 Challenges
4.4.1 Increased Absorption of Light Underwater
5 Market Analysis
5.1 Porter's Five Forces Analysis
5.2 Impact of COVID-19
5.3 Ansoff Matrix Analysis
6 Global Underwater Lighting Market, By Application Type
6.1 Introduction
6.2 Boating/Yacht Lighting
6.3 Fountains
6.4 Swimming Pools
6.5 Others
6.5.1 Aquarium
6.5.2 Ponds
7 Global Underwater Lighting Market, By Light Source Type
7.1 Introduction
7.2 LED
7.3 Others
7.3.1 Halogen
7.3.2 Metal Halide Lamps
8 Global Underwater Lighting Market, By Mounting Type
8.1 Introduction
8.2 Surface Mounted
8.3 Flush Mounted
9 Global Underwater Lighting Market, By Installation Type
9.1 Introduction
9.2 New Installations
9.3 Retrofit Installations
10 Global Underwater Lighting Market, By Geography
11 Competitive Landscape
11.1 Competitive Quadrant
11.2 Market Share Analysis
11.3 Strategic Initiatives
11.3.1 M&A and Investments
11.3.2 Partnerships and Collaborations
11.3.3 Product Developments and Improvements
12 Company Profiles
12.1 Acuity Brands, Inc
12.2 Aqualuma LED Lighting
12.3 Arihant LED Lights Private Limited
12.4 Attwood Corporation
12.5 Batsystem i Goteborg AB
12.6 Bluefin LED
12.7 BIRNS, Inc
12.8 Dabmar Lighting, Inc
12.9 Deep Glow Underwater Lighting
12.10 Eaton Corporation plc
12.11 FIREWATER MARINE
12.12 G1 Energy Solutions Private Limited
12.13 Global Light & Power, LLC
12.14 Hayward Industries, Inc
12.15 Huaxia Lighting Co Ltd
12.16 Larson Electronics, LLC
12.17 Lights Camera Action, LLC
12.18 Light & Motion
12.19 Lumishore
12.20 Monroe Engineering Products
12.21 OceanLED
12.22 Perko, Inc
12.23 Shadow-Caster, Inc
12.24 Shenzhen Sanxinbao Semiconductor Lighting Co Ltd
12.25 Signify Holding B.V
12.26 Smart Systems Controls, Inc
12.27 Submertec
12.28 T-H Marine Supplies, Inc
12.29 Truck-Lite Co Ltd
12.30 Underwater Lights Limited
12.31 WIBRE
13 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/kd7kfk
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