Underwater Lighting Market Competitive Landscape, Emerging Trends, Technologies, Scope, Growth Opportunities 2027

0
0

Market Research Future published a research report on “Underwater Lighting Market Research Report- Forecast 2027” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027.

Underwater lighting is a system of lights compatible in water and functions properly in ponds, seas, and lakes. Light manufacturers are studying the phenomena of light and its principles for the development of products which can cause negligible damage to the environment while illuminating paths to end-users. The global underwater lighting market report by Market Research Future (MRFR) contains an overview of the industry, proper usage of lights, and elucidates readers on developments and trends of lights in subterranean regions for the period of 2019 to 2025 (forecast period). The sudden outbreak of the COVID-19 virus and its impact on the production and supply chain are analyzed deeply in the report.

Market Scope

The global underwater lighting market is expected to reach USD 359.7 million by the end of the forecast period with a compound annual growth rate (CAGR) of 4.26% over the forecast period. It was valued at USD 269.4 million in 2018. Installation of lights on vehicles navigating rough waters and swimming pools can drive the market demand. Construction of hotels and resorts which house swimming pools, large number of tourists, and water rides can fetch huge revenues for the market.

The COVID-19 pandemic has negatively affected the growth of the market. This can be due to the delay in construction of swimming pools and fountains and underwater entertainment venues. The ease of lockdown and resumption of normal activities can favor the market.

Segmentation

The global Underwater Lighting Market has been segmented on the basis of light source, mounting type, installation type, and application.

By light source, the global underwater lighting market has been segmented into halogen, light-emitting diode (LED), xenon, and others. The LED segment can capture a large part of the global underwater lighting market share owing to the use of these lights by oceanographers for studying marine life.

By mounting type, the global underwater lighting market has been bifurcated into flush mounted and surface mounted.

Based on installation type, the global underwater lighting market has been bifurcated into new installation and retrofit installation.

Based on application, the global underwater lighting market has been segmented into fountains, boat/yacht lighting, swimming pools, and others. The swimming pools segment is likely to fetch huge revenues for the market owing to rising urbanization and improvement in lifestyles of citizens. The migration to urban areas can drive the revenue of the segment during the forecast period.

Get Premium Free Sample PDF @ https://www.marketresearchfuture.com/sample_request/8389 

Regional Analysis

The geographic analysis of the underwater lighting market has been conducted for North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and Central & South America.

Presence of underwater caves and government initiatives to support underwater activities has attributed to the adoption of underwater lighting in North America. Moreover, construction of private swimming pools in hospitality sector has also increased the demand for underwater lights in the region. The use of underwater lights in night fishing and illumination of waters can bolster its demand among fishing companies.

On the other hand, the APAC region is expected to witness the fastest growth due to the increasing construction of amusement parks and fountains in China, South Korea, and Japan. Development of luxury residential complexes and rise of expendable income levels of denizens can drive the market demand exponentially.

Competitive Outlook

BIRNS, Inc., Acuity Brands, Hayward Industries, Inc., Lumishore, Shadow Caster, Inc., Eaton, Aqualuma, Båtsystem, Lumitec LLC, Underwater Lights Limited, OceanLED, Signify, Dabmar Lighting, Inc., T-H Marine, Attwood, and others are key players of the global underwater lighting market.

Have Any Query? Ask Our Expert @ https://www.marketresearchfuture.com/reports/underwater-lighting-market-8389  

About Us:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact Information:

Media Contact:

Market Research Future

Office No. 528, Amanora Chambers

Magarpatta Road, Hadapsar,

Pune - 411028

Maharashtra, India

+1 646 845 9312

Email: sales@marketresearchfuture.com

Search
Categories
Read More
Other
https://sites.google.com/view/moltenketogracinia/home
https://www.eliteglean.com/molten-keto/  ...
By Healthy Pro 2021-08-14 07:55:55 0 0
Health
Smart Medical Devices Market Research Trembling Revenue, World Legend Industry Overview, Analysis and Forecast 2021 To 2027
“Global Smart Medical Devices Market” report of Market Research Future explores Scope...
By Diksha Pote 2021-06-07 16:48:03 0 0
Health
Oral Thin Film Drugs Market Competitive Intelligence Analysis 2020-2027
Oral thin films (OTF) are an innovative method discovered by pharmaceutical scientists for...
By Depp Gaikwad 2021-07-08 03:15:23 0 0
Other
India By-Pass Lubrication Filter Market 2024 Global Key Vendors Analysis, Revenue, Trends & Forecast to 2032
In the intricate world of machinery, the efficient functioning of engines and mechanical systems...
By Shubham Gurav 2024-08-01 06:30:49 0 0
Health
UNBS Tropical Gummies @>>> https://www.24x7hls.com/unbs-tropical-gummies/
  https://www.24x7hls.com/unbs-tropical-gummies/ UNBS Tropical CBD Gummies By and by,...
By Juuwjoos Pol 2021-08-31 14:27:56 0 0