Press release
Opportunities that Accelerates Underwater Lighting Market Growth by 2026
Today, the improved lifestyle of the consumers increases the demand for swimming pools which is the key factor that drives the growth of the underwater lighting market. Various sources for underwater lightning are LED, halogen, and metal halide lamps. Underwater lighting has a wide range of applications such as boat/yacht lighting and fountains. Increase in underwater sports activities such as scuba diving, deep sea fishing, and snorkeling is expected to fuel the growth of the underwater lighting market.
The major companies profiled in the global underwater lighting market include Hayward Industries Inc., Acuity Brands Inc., Shadow Caster Inc., Signify Holding, OceanLED Marine Ltd., Lumishore, Attwood Corporation, Aqualuma LED Lighting, T-H Marine Supplies Inc., Eaton Corporation Plc, and others.
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The market of underwater lightning is highly competitive and the strategies adopted by the key players are new product launch, product development, business expansion, merger, and acquisition. For instance, Shadow-Caster has announced its integration with Garmin OneHelm platform. This platform enables users with complete integrated control of all lighting on a vessel. Shadow-Caster's system provides the user an availability to set the brightness and color for multiple zones through the Garmin multi-function display.
The significant impacting factors for the growth of the underwater lighting market include increase in demand for underwater lighting in swimming pools, rise in underwater sports and amusement activities, and surge in number of government initiatives to support the adoption of energy-efficient LEDs. In addition, the restraining factor by which the market is influenced includes high installation costs of energy-efficient LEDs. Each of these factors is anticipated to have a definite impact on the underwater lighting market during the forecast period.
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The underwater lighting market is segmented based on light source, mounting type, installation type, application, and region.
Based on light source, the market is categorized into led, halogen, and metal halide lamps. On the basis of mounting type, it is bifurcated into flush mounted and surface mounted. By installation type, it is divided into new installations and retrofit installations. Based on application, it is categorized into boat/yacht lighting, swimming pools, fountains, and others. Based on region, the market is analyzed across Europe, Asia-Pacific, North America, and LAMEA.
KEY MARKET SEGMENTS
By Light Source
LED
Halogen
Metal Halide Lamps
By Mounting Type
Flush Mounted
Surface Mounted
By Installation Type
New Installations
Retrofit Installations
By Application
Boat/Yacht Lighting
Swimming Pools
Fountains
Others
BY REGION
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Spain
Russia
Rest of Europe
Asia-Pacific
Japan
China
India
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
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KEY MARKET PLAYERS PROFILED
Hayward Industries Inc.
Acuity Brands Inc.
Shadow Caster Inc.
Signify Holding
OceanLED Marine Ltd.
Lumishore
Attwood Corporation
Aqualuma LED Lighting
T-H Marine Supplies Inc.
Eaton Corporation plc
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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