February 22, 2022 07:58 ET | Source: Research and Markets Research and Markets

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

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?

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

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