Market Insights - Industry Research Report

Underwater Lighting Market

Report on Underwater Lighting Market: Size, Share, and Growth – Covering 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) Segments, and Regional Analysis – Providing a Global and Regional Industry Overview, Market Intelligence, Premium Insights, Comprehensive Analysis, Historical Data, and Forecasts for the Period 2023-2030

The current valuation of the Underwater Lighting Market is USD 324.67 Million in 2023, with a projected growth to USD 491.41 Million by 2030, reflecting a CAGR of 6.1% from 2023 to 2030.

Underwater Lighting Market Overview

Light in water displays behaviors that are outside the acceptable range for many wonderful experiences. The interaction of phenomena at all scales, including the macroscopic life that permeates the oceans, leads to these behaviors. The inverse square law is no longer an accurate prediction of light intensity at a given distance from a source because light no longer travels in straight lines from source to subject. The installation of underwater lights for aesthetically pleasing water-featured landscaping also uses underwater lighting for decorative purposes in swimming pools and for night fishing.

For good reason, incandescent, fluorescent, HMI, and HID lighting are being replaced by solid-state lighting technologies in numerous applications. LEDs are demonstrated to be very versatile and highly effective solutions. Nearly all lighting applications, including subsea imaging, are ideally suited for them.

Underwater Lighting Market

Market Dynamics

Swimming pools in apartment buildings, condos, sports complexes, hotels, spas, and medical institutions all have underwater lighting. Swimming pools and the spaces around them are more appealing and secure to use when they are well-lit. The addition of underwater lights to swimming pools not only improves the environment but also allows for 24-hour pool use. For a large number of customers on international markets, the businesses are offering the most exquisite selection of burial beneath water and fountain lights. These lights are put in place in fountains and swimming pools to produce a particular light effect at night that enhances the beauty of the surroundings.

An underwater fishing light attractor is a fishing tool that employs lights strung below or attached to structures above water to draw fish and other creatures in their food chain to specified regions so that they can be harvested. Fish look for regions where their chances of getting prey are best, just as fishermen look for situations that maximize their chances of catching fish. The majority of fish seek out areas with abundant food sources, such as smaller fish, insects, or shrimp. These smaller fish, insects, and shrimp consequently gather in areas where their food is most plentiful. Therefore, during night fishing, these underwater lights are employed to draw fish.

Solid-state lighting is increasingly taking the place of incandescent, fluorescent, HMI, and HID lighting in numerous applications, and for good reason. LED lighting solutions are flexible and incredibly efficient. Almost all lighting applications, including subsea imaging, are suited for them. Light in water behaves in ways that are outside of the expected range for a variety of aesthetic pleasures. These acts are the outcome of interactions between atomic-scale processes and the abundant macroscopic life in the oceans. Because light no longer travels in straight lines from source to subject, the inverse square law is no longer a reliable predictor of luminous intensity at a given distance from a source. Night fishing and swimming pool decoration both make use of underwater illumination. Additionally, it is used to install underwater lighting for beautiful water features in landscaping.

Segmentation Analysis

The Underwater Lighting Market can be bifurcated on the basis of Light Source, Mounting Type, Installation Type, and Region.

  • In the realm of underwater lighting, the LED segment is anticipated to take the lead throughout the forecast period.

The dominance of the LED segment is expected to persist from 2023 to 2030, attributed to the escalating adoption of LEDs as the preferred light source for underwater lighting. LEDs, functioning as semiconductors, convert electricity into light through the movement of electrons. They have emerged as a significant lighting technology due to their environmental advantages over High-intensity Discharge (HID)/halogen lights in terms of power efficiency, reliability, durability, and longevity. Additionally, LED underwater lights boast safety features, remaining cool and enabling instant on/off functionality without the need for cooldown periods. This not only ensures energy conservation but also demands less maintenance. Key industry players such as Signify, OceanLED, and Shadow Caster exclusively offer LEDs for underwater lighting solutions.

  • Within the underwater lighting market, the swimming pools segment is anticipated to take the lead in the period spanning from 2023 to 2030.

The prevalence of swimming pools as the foremost application segment is expected to persist during the forecast period. Ongoing urbanization, coupled with the rising disposable income of consumers seeking enhanced lifestyles, has catalyzed an uptick in the construction of swimming pools, both in residential and commercial settings. This surge in construction has, in turn, fueled the demand for underwater lighting, contributing to an elevated aesthetic appeal of architectural structures. This urbanization trend is anticipated to further propel the construction of swimming pools, thereby increasing the demand for underwater lighting solutions.

Regional Analysis

North America is anticipated to dominate the worldwide underwater lighting market, followed by Asia-Pacific, Europe, and the rest of the world. It has been suggested that the use of underwater lights in this area is related to the existence of underwater caverns and government initiatives to promote underwater activity. Furthermore, the building of private swimming pools in the hotel industry has boosted the region’s requirement for underwater lighting. The development of premium residential complexes with contemporary amenities and an increase in swimming pool construction projects as a result of the region’s flourishing tourism industry is expected to propel the growth of the underwater lighting market in the Asia Pacific. Customers’ high levels of disposable money have raised demand for yachts and luxury cruises, which has aided in the growth of the underwater lighting system industry in the area. On the other hand, the Asia-Pacific region is anticipated to grow at the fastest rate due to the development of amusement parks and fountains in China, South Korea, and Japan.

Recent Developments

  • OceanLED introduced the Explore Underwater LED Light Series. The series includes a technologically advanced and incredibly effective flush-mount underwater LED light. The company offers two versions in its Explore series: the E3 and the E6.
  • A new underwater light from Light & Motion is called the Video Pro 3800. Both a power level indication and a battery condition indicator are present on the light. A dome port optic that houses the 3,800-lumen video light additionally improves lighting while minimizing light fall-off at the edges of the beam.
  • T-H Marine Supplies, Inc. acquired the assets of Blue Water LED Enterprises, LLC. As a result of this acquisition, Blue Water’s assets have been transferred to T-H Marine’s headquarters in Huntsville, Alabama, for continued product production and delivery.
  • SeaLife has unveiled a new handheld light for viewing fluorescing aquatic life. The Sea Dragon Mini Fluoro Light has a dichroic filter that produces the correct light wavelength and emits a strong blue light beam. The Sea Dragon Mini Fluoro Light has a 7-watt/M2 brightness rating when fully powered.

Key Players

The key players in the Underwater Lighting Market include Acuity Brands, Hayward Industries, Inc., Lumishore, T-H Marine, Shadow Caster, Inc., Attwood, SeaLife, Aqualuma, OceanLED, Underwater Lights Limited, Bat system, BIRNS, Inc., and. Light & Motion

Malt Extracts And Ingredients Market Report Scope
Report Attribute Details
Market Size Value in 2023 USD 22.18 billion
Revenue Forecast in 2030 USD 31.40 billion
Growth Rate CAGR of 5.09% from 2023 to 2030
Base Year for estimation 2022
Historical Data 2018 – 2021
Forecast Period 2023 – 2030
Report Updated Dec-23
Quantitative Units Revenue in USD million and CAGR from 2023 to 2030
Report Coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments Covered Light Source, Mounting Type, Application, Installation Type, Region
By Light Source LED
Halogen
Metal Halide LampsLED
By Mounting Type Flush Mounted
Surface Mounted
By Installation Type New Installations
Retrofit Installations
By Application Boat/Yacht Lighting
Swimming Pools
Fountains
Others
Regional Scope North America; Europe; Asia Pacific; Latin America; MEA
Country Scope U.S.; Canada; UK; Germany; France; Italy; Spain; Denmark; Sweden; Norway; Japan; China; India; Australia; South Korea; Thailand; Brazil; Mexico; Argentina; South Africa; Saudi Arabia; UAE; Kuwait
Key Companies Profiled Acuity Brands, Hayward Industries, Inc., Lumishore, T-H Marine, Shadow Caster, Inc., Attwood, SeaLife, Aqualuma, OceanLED, Underwater Lights Limited, Bat system, BIRNS, Inc., and. Light & Motion

Frequently Asked Questions

The underwater lighting Market size is valued at USD 324.67 Million in 2023 and is projected to reach USD 491.41 Million by 2030, growing at a CAGR of 6.1% from 2023 to 2030.
Major companies operating in the Underwater Lighting Market include Acuity Brands, Hayward Industries, Inc., Lumishore, T-H Marine, Shadow Caster, Inc., Attwood, SeaLife, Aqualuma, OceanLED, Underwater Lights Limited, Bat system, BIRNS, Inc., and. Light & Motion
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2023-2030).
In 2023, North America accounts for the largest market share in the Underwater Lighting Market.

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