Underwater Lighting Market by Light Source (LED, Halogen, Metal Halide Lamps), Mounting Type (Flush Mounted and Surface Mounted), Installation Type (New Installations and Retrofit Installations), Application, and Region - Global Forecast to 2024

Underwater Lighting Market by Light Source (LED, Halogen, Metal Halide Lamps), Mounting Type (Flush Mounted and Surface Mounted), Installation Type (New Installations and Retrofit Installations), Application, and Region - Global Forecast to 2024

“The underwater lighting market is projected to grow at a CAGR of 4.5% from 2019 to 2024.”
The underwater lighting market is projected to grow from USD 279 million in 2019 to USD 348 million by 2024, at a CAGR of 4.5% from 2019 to 2024. Major drivers for the growth of the market are increased demand for underwater lighting in swimming pools, use of underwater lights to attract fish during night fishing, and installation of underwater lights for aesthetic water-featured landscaping. Replacement of traditional lighting with LED underwater lighting acts as a major growth opportunity for the underwater lighting market. Major restraints for the market are high installation costs of energy-efficient LEDs, while high absorption of light underwater poses a major challenge for the growth of the market.

Based on light source, the LED segment is projected to lead the underwater lighting market during the forecast period.
The LED segment is projected to lead the underwater lighting market from 2019 to 2024. The growth of this segment can be attributed to the increased use of LEDs as a light source for underwater lighting. LEDs are semiconductors that convert electricity to light through the movement of electrons. They have evolved as a major lighting technology as they are environmentally more beneficial than High-intensity Discharge (HID)/halogen lights in terms of power consumption, reliability, durability, and longevity. Moreover, LED underwater lights are also safe as they do not get heated and can easily be switched on/off without waiting for them to cool down. LEDs ensure energy saving as well as require less maintenance. Companies such as Signify, OceanLED, and Shadow Caster offer only LEDs for underwater lighting.

Based on application, the swimming pools segment is projected to lead the underwater lighting market from 2019 to 2024.
Swimming pools are projected to be the largest application segment of the underwater lighting market during the forecast period. Ongoing urbanization and increasing disposable income of consumers and their requirement for improved lifestyle have resulted in the increased construction of swimming pools in residential as well as commercial areas. This, in turn, has fueled the demand for underwater lighting as it enhances the overall aesthetic value of architectural structures. According to the United Nations Department of Economic and Social Affairs (UN DESA) statistics, as of 2016, over 50% of the global population resided in urban areas and this number is expected to increase during the forecast period, thereby leading to an increased construction of swimming pools and hence, increased demand for underwater lighting.

The underwater lighting market in Asia Pacific is projected to grow at the highest CAGR during the forecast period.
Asia Pacific is projected to be the largest market for underwater lighting during the forecast period. Over the past two decades, economies of Asia Pacific such as China, Singapore, Malaysia, Indonesia, and Thailand have flourished resulting in a dynamic change in the standard of living of consumers in these countries. Rapid construction of residential as well as commercial spaces and growth of the tourism sector of these countries have led to an increased demand for underwater lighting in Asia Pacific. The scope for the growth of these economies and projected heavy infrastructure investments are expected to lead to the growth of the underwater lighting market in Asia Pacific during the forecast period.

Breakdown of profiles of primary participants:
By Company Type: Tier 1 = 50%, Tier 2 = 30%, and Tier 3 = 20%
By Designation: C-level Executives = 35%, Directors = 30%, and Others = 35%
By Region: Americas = 40%, Europe = 25%, Asia Pacific = 20%, and RoW = 15%

Hayward Industries, Inc. (Hayward Industries, US), Acuity Brands, Inc. (Acuity Brands, US), Shadow Caster, Inc. (Shadow Caster, US), Signify Holding (Signify, Netherlands), OceanLED Marine Ltd. (OceanLED, UK), Lumishore (Lumishore, UK), Attwood Corporation (Attwood, US), Aqualuma LED Lighting (Aqualuma, Australia), T-H Marine Supplies, Inc. (T-H Marine, US), and Eaton Corporation plc (Eaton, Ireland) are a few major players operating in the underwater lighting market.

Research Coverage:
The underwater lighting market has been segmented based on light source, mounting type, installation type, application, and region. The market has been studied for 4 main regions, namely, the Americas, Europe, Asia Pacific, and RoW.

Reasons to Buy the Report:
This report includes statistics pertaining to the underwater lighting market based on light source, mounting type, installation type, application, and region, along with their respective market sizes.
The report includes detailed information on the major drivers, restraints, opportunities, and challenges for the underwater lighting market.
The report includes illustrative segmentation, analysis, and forecast for the underwater lighting market based on its segments and subsegments.


  • INTRODUCTION
    • STUDY OBJECTIVES
    • DEFINITION
    • STUDY SCOPE
      • MARKETS COVERED
      • REGIONAL SCOPE
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
      • SECONDARY AND PRIMARY RESEARCH
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN AND DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHT
    • ATTRACTIVE GROWTH OPPORTUNITIES IN UNDERWATER LIGHTING MARKET
    • UNDERWATER LIGHTING MARKET, BY LIGHT SOURCE
    • UNDERWATER LIGHTING MARKET IN ASIA PACIFIC, BY APPLICATION AND COUNTRY
    • UNDERWATER LIGHTING MARKET, BY MOUNTING TYPE
    • UNDERWATER LIGHTING MARKET, BY COUNTRY, 2019
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • VALUE CHAIN ANALYSIS
  • UNDERWATER LIGHTING MARKET, BY LIGHT SOURCE
    • INTRODUCTION
      • Table UNDERWATER LIGHTING MARKET, BY LIGHT SOURCE, 2016–2024 (USD MILLION)
    • LIGHT EMITTING DIODE (LED)
      • BENEFITS SUCH AS ENERGY SAVING, LESS MAINTENANCE DRIVING THE ADOPTION OF LED IN UNDERWATER LIGHTING MARKET
        • Table UNDERWATER LIGHTING MARKET FOR LED, BY REGION, 2016–2024 (USD MILLION)
    • OTHERS
      • METAL HALIDES AND XENON LAMPS ARE THE OTHER LIGHT SOURCES WHICH DRIVING UNDERWATER LIGHTING MARKET
        • Table UNDERWATER LIGHTING FOR OTHERS, BY REGION, 2016–2024 (USD MILLION)
  • UNDERWATER LIGHTING MARKET, BY MOUNTING TYPE
    • INTRODUCTION
      • Table UNDERWATER LIGHTING MARKET, BY MOUNTING TYPE, 2016–2024 (USD MILLION)
    • FLUSH MOUNTED
      • SWIMMING POOL IS THE MAJOR APPLICATION AREA FOR FLUSH MOUNTED
        • Table UNDERWATER LIGHTING MARKET FOR FLUSH MOUNTED, BY REGION, 2016–2024 (USD MILLION)
    • SURFACE MOUNTED
      • SURFACE MOUNTED IS EXPECTED TO HOLD LARGER SHARE OF UNDERWATER LIGHTING MARKET
        • Table UNDERWATER LIGHTING MARKET FOR SURFACE MOUNTED, BY REGION, 2016–2024 (USD MILLION)
  • UNDERWATER LIGHTING MARKET, BY INSTALLATION TYPE
    • INTRODUCTION
      • Table UNDERWATER LIGHTING MARKET, BY INSTALLATION TYPE, 2016–2024 (USD MILLION)
    • NEW INSTALLATIONS
      • GROWTH IN CONSTRUCTION OF SWIMMING POOLS AND FOUNTAINS APPLICATION DRIVING NEW INSTALLATIONS MARKET
        • Table UNDERWATER LIGHTING FOR NEW INSTALLATIONS, BY REGION, 2016–2024 (USD MILLION)
    • RETROFIT INSTALLATIONS
      • LED RETROFITTING SPURS THE GROWTH OF RETROFIT INSTALLATIONS
        • Table UNDERWATER LIGHTING FOR RETROFIT INSTALLATIONS, BY REGION, 2016–2024 (USD MILLION)
  • UNDERWATER LIGHTING MARKET BY APPLICATION
    • INTRODUCTION
      • Table UNDERWATER LIGHTING MARKET, BY APPLICATION, 2016–2024 (USD MILLION)
    • BOAT/YACHT LIGHTING
      • TO CREATE BEAUTIFUL ENVIRONMENT AND TO ATTRACT FISHES CREATES NEED FOR UNDERWATER LIGHTS IN THE BOATS/YACHTS
        • Table UNDERWATER LIGHTING MARKET FOR BOAT/YACHT LIGHTING, BY REGION, 2016—2024 (USD MILLION)
    • SWIMMING POOLS
      • SWIMMING POOLS IS EXPECTED TO HOLD LARGEST SHARE OF UNDERWATER LIGHTING MARKET
        • Table UNDERWATER LIGHTING MARKET FOR SWIMMING POOLS, BY REGION, 2016—2024 (USD MILLION)
    • FOUNTAINS
      • GROWTH IN ENTERTAINMENT INDUSTRY AND INFRASTRUCTURE PROJECTS DRIVING THE GROWTH OF FOUNTAINS IN UNDERWATER LIGHTING MARKET
        • Table UNDERWATER LIGHTING MARKET FOR FOUNTAINS, BY REGION, 2016—2024 (USD MILLION)
    • OTHERS
      • AQUARIUMS AND PONDS ARE THE OTHERS APPLICATION DRIVING THE UNDERWATER LIGHTING MARKET
        • Table UNDERWATER LIGHTING MARKET FOR OTHER APPLICATIONS, BY REGION, 2016—2024 (USD MILLION)
  • REGIONAL ANALYSIS
    • INTRODUCTION
      • Table UNDERWATER LIGHTING MARKET, BY REGION, 2016–2024 (USD MILLION)
    • AMERICAS
      • Table AMERICAS UNDERWATER LIGHTING MARKET, BY REGION, 2016–2024 (USD MILLION)
      • Table AMERICAS UNDERWATER LIGHTING MARKET, BY LIGHT SOURCE, 2016–2024 (USD MILLION)
      • Table AMERICAS UNDERWATER LIGHTING MARKET, BY APPLICATION, 2016–2024 (USD MILLION)
      • Table AMERICAS UNDERWATER LIGHTING MARKET, BY MOUNTING TYPE, 2016–2024 (USD MILLION)
      • Table AMERICAS UNDERWATER LIGHTING MARKET, BY INSTALLATION TYPE, 2016–2024 (USD MILLION)
      • NORTH AMERICA
        • Table NORTH AMERICA UNDERWATER LIGHTING MARKET, BY COUNTRY, 2016–2024 (USD MILLION)
        • Table NORTH AMERICA UNDERWATER LIGHTING MARKET, BY LIGHT SOURCE, 2016–2024 (USD MILLION)
        • Table NORTH AMERICA UNDERWATER LIGHTING MARKET, BY APPLICATION, 2016–2024 (USD MILLION)
        • Table NORTH AMERICA UNDERWATER LIGHTING MARKET, BY MOUNTING TYPE, 2016–2024 (USD MILLION)
        • Table NORTH AMERICA UNDERWATER LIGHTING MARKET, BY INSTALLATION TYPE, 2016–2024 (USD MILLION)
        • Table US UNDERWATER LIGHTING MARKET, BY LIGHT SOURCE, 2016–2024 (USD MILLION)
        • Table CANADA UNDERWATER LIGHTING MARKET, BY LIGHT SOURCE, 2016–2024 (USD MILLION)
        • Table MEXICO UNDERWATER LIGHTING MARKET, BY LIGHT SOURCE, 2016–2024 (USD MILLION)
      • SOUTH AMERICA
        • Table SOUTH AMERICA UNDERWATER LIGHTING MARKET, BY COUNTRY, 2016–2024 (USD MILLION)
        • Table SOUTH AMERICA UNDERWATER LIGHTING MARKET, BY LIGHT SOURCE, 2016–2024 (USD MILLION)
        • Table SOUTH AMERICA UNDERWATER LIGHTING MARKET, BY APPLICATION, 2016–2024 (USD MILLION)
        • Table SOUTH AMERICA UNDERWATER LIGHTING MARKET, BY MOUNTING TYPE, 2016–2024 (USD MILLION)
        • Table SOUTH AMERICA UNDERWATER LIGHTING MARKET, BY INSTALLATION TYPE, 2016–2024 (USD MILLION)
        • Table BRAZIL UNDERWATER LIGHTING MARKET, BY LIGHT SOURCE, 2016–2024 (USD MILLION)
      • REST OF SOUTH AMERICA
        • Table REST OF SOUTH AMERICA UNDERWATER LIGHTING MARKET, BY LIGHT SOURCE, 2016–2024 (USD MILLION)
    • EUROPE
      • Table EUROPE UNDERWATER LIGHTING MARKET, BY COUNTRY, 2016–2024 (USD MILLION)
      • Table EUROPE UNDERWATER LIGHTING MARKET, BY LIGHT SOURCE, 2016–2024 (USD MILLION)
      • Table EUROPE UNDERWATER LIGHTING MARKET, BY APPLICATION, 2016–2024 (USD MILLION)
      • Table EUROPE UNDERWATER LIGHTING MARKET, BY MOUNTING TYPE, 2016–2024 (USD MILLION)
      • Table EUROPE UNDERWATER LIGHTING MARKET, BY INSTALLATION TYPE, 2016–2024 (USD MILLION)
      • GERMANY
        • Table GERMANY UNDERWATER LIGHTING MARKET, BY LIGHT SOURCE, 2016–2024 (USD MILLION)
      • UK
        • Table UK UNDERWATER LIGHTING MARKET, BY LIGHT SOURCE, 2016–2024 (USD MILLION)
      • FRANCE
        • Table FRANCE UNDERWATER LIGHTING MARKET, BY LIGHT SOURCE, 2016–2024 (USD MILLION)
      • REST OF EUROPE
        • Table REST OF EUROPE UNDERWATER LIGHTING MARKET, BY LIGHT SOURCE, 2016–2024 (USD MILLION)
    • ASIA PACIFIC
      • Table ASIA PACIFIC UNDERWATER LIGHTING MARKET, BY COUNTRY, 2016–2024 (USD MILLION)
      • Table ASIA PACIFIC UNDERWATER LIGHTING MARKET, BY LIGHT SOURCE, 2016–2024 (USD MILLION)
      • Table ASIA PACIFIC UNDERWATER LIGHTING MARKET, BY APPLICATION, 2016–2024 (USD MILLION)
      • Table ASIA PACIFIC UNDERWATER LIGHTING MARKET, BY MOUNTING TYPE, 2016–2024 (USD MILLION)
      • Table ASIA PACIFIC UNDERWATER LIGHTING MARKET, BY INSTALLATION TYPE, 2016–2024 (USD MILLION)
      • CHINA
        • Table CHINA UNDERWATER LIGHTING MARKET, BY LIGHT SOURCE, 2016–2024 (USD MILLION)
      • JAPAN
        • Table JAPAN UNDERWATER LIGHTING MARKET, BY LIGHT SOURCE, 2016–2024 (USD MILLION)
      • INDIA
        • Table INDIA UNDERWATER LIGHTING MARKET, BY LIGHT SOURCE, 2016–2024 (USD MILLION)
      • REST OF ASIA PACIFIC
        • Table REST OF ASIA PACIFIC UNDERWATER LIGHTING MARKET, BY LIGHT SOURCE, 2016–2024 (USD MILLION)
    • REST OF THE WORLD (ROW)
      • Table ROW UNDERWATER LIGHTING MARKET, BY REGION, 2016–2024 (USD MILLION)
      • Table ROW UNDERWATER LIGHTING MARKET, BY LIGHT SOURCE, 2016–2024 (USD MILLION)
      • Table ROW UNDERWATER LIGHTING MARKET, BY APPLICATION, 2016–2024 (USD MILLION)
      • Table ROW UNDERWATER LIGHTING MARKET, BY MOUNTING TYPE, 2016–2024 (USD MILLION)
      • Table ROW UNDERWATER LIGHTING MARKET, BY INSTALLATION TYPE, 2016–2024 (USD MILLION)
      • MIDDLE EAST
        • Table MIDDLE EAST UNDERWATER LIGHTING MARKET, BY LIGHT SOURCE, 2016–2024 (USD MILLION)
        • Table MIDDLE EAST UNDERWATER LIGHTING MARKET, BY APPLICATION, 2016–2024 (USD MILLION)
        • Table MIDDLE EAST UNDERWATER LIGHTING MARKET, BY MOUNTING TYPE, 2016–2024 (USD MILLION)
        • Table MIDDLE EAST UNDERWATER LIGHTING MARKET, BY INSTALLATION TYPE, 2016–2024 (USD MILLION)
      • AFRICA
        • Table AFRICA UNDERWATER LIGHTING MARKET, BY LIGHT SOURCE, 2016–2024 (USD MILLION)
        • Table AFRICA UNDERWATER LIGHTING MARKET, BY APPLICATION, 2016–2024 (USD MILLION)
        • Table AFRICA UNDERWATER LIGHTING MARKET, BY MOUNTING TYPE, 2016–2024 (USD MILLION)
        • Table AFRICA UNDERWATER LIGHTING MARKET, BY INSTALLATION TYPE, 2016–2024 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MARKET RANKING ANALYSIS, 2018
    • COMPETITIVE SITUATION AND TRENDS
      • PRODUCT DEVELOPMENTS, 2016-2018
        • Table PRODUCT DEVELOPMENTS, 2016–2018
      • PARTNERSHIPS/COLLABORATIONS/AGREEMENTS
        • Table PARTNERSHIPS/COLLABORATIONS/AGREEMENTS, 2016–2018
      • MERGERS & ACQUISITIONS
        • Table MERGERS & ACQUISITIONS, 2016–2018
      • EXPANSIONS
        • Table EXPANSIONS, 2016–2018
    • COMPETITIVE LEADERSHIP MAPPING
      • VISIONARY LEADERS
      • DYNAMIC DIFFERENTIATORS
      • INNOVATORS
      • EMERGING COMPANIES
  • COMPANY PROFILE
    • KEY PLAYERS
      • SIGNIFY (FORMERLY PHILIPS LIGHTING)
      • EATON
      • ACUITY BRANDS
      • HAYWARD INDUSTRIES, INC.
      • LUMISHORE
      • T-H MARINE
      • SHADOW CASTER, INC.
      • ATTWOOD
      • AQUALUMA
      • OCEANLED
    • OTHER KEY PLAYERS
      • DABMAR LIGHTING, INC.
      • LUMITEC LLC
      • PERKO INC.
      • WIBRE
      • SUBMERTEC
    • START-UP ECOSYSTEM
      • G1 ENERGY SOLUTIONS PRIVATE LIMITED
      • SHENZHEN SANXINBAO SEMICONDUCTOR LIGHTING CO., LTD.
      • ARIHANT LED LIGHTS
      • GLOBAL LIGHT & POWER LLC
      • FIRE WATER MARINE
  • APPENDIX
    • INSIGHTS FROM INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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