Market Size of Underwater Lighting Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.70 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Underwater Lighting Market Analysis
The Underwater Lighting market is expected to record a CAGR of 3.7% over the forecast period (2021 - 2026). The underwater lighting is used for the decoration purpose in the pools or recreational ponds. The underwater lights are also installed for aesthetic water-featured landscaping.
- Underwater lights are installed in swimming pools of residential apartments, sports facilities, hotels, and spas. Keeping the pools illuminated makes them attractive and safe for use. The lights are also installed in pools to create a pleasant atmosphere, thus, making it suitable to use pools round-the-clock. These lights create a specific light effect during the night that makes the surrounding more beautiful.
- LEDs are increasingly gaining traction for underwater lighting, and they are taking over as the industry standard. As compared to other lighting source, LEDs are inherently efficient with a long expected lifetime. For instance, Edmonds Pool and Community Centre in Canada is taking advantage of LED technology like other facilities. LED fixtures are used in the aquatic area in overhead lane lighting to guide swimmers and color-changing installations inside the pool tanks.
- In line with the growing adoption of LED lights in the underwater lighting market, companies such as Jandy, in 2018, launched Jandy Pro Series WaterColors Nicheless LED lights. These LEDs to allow pool owners to set the mood with nine vibrant colors and five color-changing light shows.
Underwater Lighting Industry Segmentation
Underwater lighting refers to submersible lights to illuminate areas with poor visibility under the water. These lights can be used for decorative purposes such as illuminating water features that include ponds and swimming pools. Bumps on the walls of pool or accidental collisions with other swimmers can be avoided with this lighting.
| By Lighting Source | |
| LED | |
| Other Lighting Sources (Halogen, Incandescent Lights) |
| By Application | |
| Swimming Pools | |
| Fountains | |
| Other Applications |
| Geography | ||||||
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| Middle-East & Africa |
Underwater Lighting Market Size Summary
The underwater lighting market is experiencing steady growth, driven by its application in enhancing the aesthetic appeal and safety of swimming pools and recreational water features. This market is characterized by the increasing adoption of LED technology, which has become the industry standard due to its energy efficiency, longevity, and environmental benefits compared to traditional halogen lights. LEDs are particularly favored for their ability to provide vibrant lighting effects while consuming significantly less power, aligning with the broader trend towards sustainable and green technology solutions. The market is further bolstered by the rising construction of swimming pools in residential complexes, hotels, and spas, particularly in regions with thriving tourism industries, where luxurious amenities are in high demand.
The competitive landscape of the underwater lighting market is marked by the presence of several key players who are actively investing in LED technology to enhance their product offerings and market presence. Companies are expanding their operations and engaging in strategic mergers and acquisitions to capitalize on the growing demand. Innovations such as S.R. Smith's Mod-Lite system, which integrates modular design with wireless power technology, exemplify the industry's focus on improving convenience, safety, and cost-effectiveness. As the tourism sector continues to drive the construction of new hotels and upscale residential properties, the underwater lighting market is poised for further expansion, offering ample opportunities for growth and development.
Underwater Lighting Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Rising Demand for Underwater Lights in Pools and for Aesthetic Water-Featured Landscaping
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1.2.2 Government Initiatives to Support Adoption of LEDs
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1.3 Market Restraints
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1.3.1 High Initial Costs
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1.4 Industry Value Chain Analysis
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1.5 Industry Attractiveness - Porter's Five Force Analysis
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1.5.1 Threat of New Entrants
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1.5.2 Bargaining Power of Buyers/Consumers
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1.5.3 Bargaining Power of Suppliers
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1.5.4 Threat of Substitute Products
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1.5.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Lighting Source
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2.1.1 LED
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2.1.2 Other Lighting Sources (Halogen, Incandescent Lights)
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2.2 By Application
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2.2.1 Swimming Pools
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2.2.2 Fountains
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2.2.3 Other Applications
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.2 Europe
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2.3.2.1 United Kingdom
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2.3.2.2 Germany
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2.3.2.3 France
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2.3.2.4 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Rest of Asia-Pacific
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2.3.4 Latin America
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2.3.4.1 Mexico
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2.3.4.2 Brazil
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2.3.5 Middle-East & Africa
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Underwater Lighting Market Size FAQs
What is the current Underwater Lighting Market size?
The Underwater Lighting Market is projected to register a CAGR of 3.70% during the forecast period (2024-2029)
Who are the key players in Underwater Lighting Market?
Eaton Corporation, Signify Holding (Koninklijke Philips N.V.), Acuity Brands Inc., Hayward Industries Inc. and Lumitec LLC are the major companies operating in the Underwater Lighting Market.
