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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

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Date: 27-May-2019
No. of pages: 119
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“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, Ocean LED, 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, over50% 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 sub segments.

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

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Regional Scope
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 List of Major Secondary Sources
2.1.1.2 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Breakdown of Primaries
2.1.2.2 Key Data From Primary Sources
2.1.3 Secondary and Primary Research
2.1.3.1 Key Industry Insights
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach Used to Arrive at the Market Size By Bottom-Up Analysis
2.2.1.2 Approach for Capturing Company-Specific Information in the Value Chain of the Underwater Lighting Market
2.2.2 Top-Down Approach
2.2.2.1 Approach Used to Arrive at the Market Size By Top-Down Analysis
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insight
4.1 Attractive Growth Opportunities in Underwater Lighting Market
4.2 Market, By Light Source
4.3 Underwater Lighting Market in Asia Pacific, By Application and Country
4.4 Market, By Mounting Type
4.5 Underwater Lighting Market, By Country, 2019

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increased Demand for Underwater Lighting in Swimming Pools
5.2.1.2 Use of Underwater Lights as A Fish Attractor for Night Fishing
5.2.1.3 Increased Demand for Underwater Lights in Aesthetic Water-Featured Landscaping
5.2.1.4 Increased Number of Government Initiatives to Support the Adoption of Energy-Efficient LEDs
5.2.2 Restraints
5.2.2.1 High Installation Costs of Energy-Efficient LEDs
5.2.3 Opportunities
5.2.3.1 Replacement of Traditional Lighting With LED Underwater Lighting
5.2.4 Challenges
5.2.4.1 High Absorption of Light Underwater
5.3 Value Chain Analysis

6 Underwater Lighting Market, By Light Source
6.1 Introduction
6.2 Light Emitting Diode (LED)
6.2.1 Benefits Such as Energy Saving, Less Maintenance Driving the Adoption of LED in Market
6.3 Others
6.3.1 Metal Halides and Xenon Lamps are the Other Light Sources Which Driving Market

7 Underwater Lighting Market, By Mounting Type
7.1 Introduction
7.2 Flush Mounted
7.2.1 Swimming Pool is the Major Application Area for Flush Mounted
7.3 Surface Mounted
7.3.1 Surface Mounted is Expected to Hold Larger Share of Market

8 Underwater Lighting Market, By Installation Type
8.1 Introduction
8.2 New Installations
8.2.1 Growth in Construction of Swimming Pools and Fountains Application Driving New Installations Market
8.3 Retrofit Installations
8.3.1 LED Retrofitting Spurs the Growth of Retrofit Installations

9 Underwater Lighting Market By Application
9.1 Introduction
9.2 Boat/Yacht Lighting
9.2.1 to Create Beautiful Environment and to Attract Fishes Creates Need for Underwater Lights in the Boats/Yachts
9.3 Swimming Pools
9.3.1 Swimming Pools is Expected to Hold Largest Share of Market
9.4 Fountains
9.4.1 Growth in Entertainment Industry and Infrastructure Projects Driving the Growth of Fountains in Underwater Lighting Market
9.5 Others
9.5.1 Aquariums and Ponds are the Others Application Driving the Market

10 Regional Analysis
10.1 Introduction
10.2 Americas
10.2.1 North America
10.2.1.1 US
10.2.1.1.1 US is Expected to Hold Largest Share of Underwater Lighting Market in North America
10.2.1.2 Canada
10.2.1.2.1 Canada is Expected to Grow at Highest Rate
10.2.1.3 Mexico
10.2.1.3.1 Longest Underwater Cave and Aquariums Driving the Market in Mexico
10.2.2 South America
10.2.2.1 Brazil
10.2.2.1.1 Infrastructure Development Projects Driving Market in Brazil
10.2.3 Rest of South America
10.3 Europe
10.3.1 Germany
10.3.1.1 Growth in Amusement Parks and Fountains Driving the Underwater Lighting Market in Germany
10.3.2 UK
10.3.2.1 Booming Swimming Pool Industry Spurs the Growth of Market in UK
10.3.3 France
10.3.3.1 France is Expected to Grow at Highest Rate in Europe
10.3.4 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.1.1 China is Expected to Hold Largest Share of Underwater Lighting Market in APAC
10.4.2 Japan
10.4.2.1 Fountains Application is Expected to Drive the Market in Japan
10.4.3 India
10.4.3.1 India is Expected to Grow at Highest Rate in APAC
10.4.4 Rest of Asia Pacific
10.5 Rest of the World (RoW)
10.5.1 Middle East
10.5.1.1 Middle East is Expected to Hold Larger Share of Market in RoW
10.5.2 Africa
10.5.2.1 Increase in Construction of Swimming Pools Driving the Growth of Africa in RoW

11 Competitive Landscape
11.1 Overview
11.2 Market Ranking Analysis 2018: Underwater Lighting Market
11.3 Competitive Situation and Trends
11.3.1 Product Developments, 2016-2018
11.3.2 Partnerships/Collaborations/Agreements
11.3.3 Mergers & Acquisitions
11.3.4 Expansions
11.4 Competitive Leadership Mapping
11.4.1 Visionary Leaders
11.4.2 Dynamic Differentiators
11.4.3 Innovators
11.4.4 Emerging Companies

12 Company Profile
12.1 Key Players
12.1.1 Signify (Formerly Philips Lighting)
12.1.1.1 Business Overview
12.1.1.2 Products Offered
12.1.1.3 SWOT Analysis
12.1.1.4 MnM View
12.1.2 Eaton
12.1.2.1 Business Overview
12.1.2.2 Products Offered
12.1.2.3 SWOT Analysis
12.1.2.4 MnM View
12.1.3 Acuity Brands
12.1.3.1 Business Overview
12.1.3.2 Products Offered
12.1.3.3 SWOT Analysis
12.1.3.4 MnM View
12.1.4 Hayward Industries, Inc.
12.1.4.1 Business Overview
12.1.4.2 Products Offered
12.1.4.3 SWOT Analysis
12.1.4.4 MnM View
12.1.5 Lumishore
12.1.5.1 Business Overview
12.1.5.2 Products Offered
12.1.5.3 Recent Developments
12.1.5.4 SWOT Analysis
12.1.5.5 MnM View
12.1.6 T-H Marine
12.1.6.1 Business Overview
12.1.6.2 Products Offered
12.1.6.3 Recent Developments
12.1.6.4 MnM View
12.1.7 Shadow Caster, Inc.
12.1.7.1 Business Overview
12.1.7.2 Products Offered
12.1.7.3 Recent Developments
12.1.7.4 MnM View
12.1.8 Attwood
12.1.8.1 Business Overview
12.1.8.2 Products Offered
12.1.8.3 MnM View
12.1.9 Aqualuma
12.1.9.1 Business Overview
12.1.9.2 Products Offered
12.1.9.3 Recent Developments
12.1.9.4 MnM View
12.1.10 Oceanled
12.1.10.1 Business Overview
12.1.10.2 Products Offered
12.1.10.3 Recent Developments
12.1.10.4 MnM View
12.2 Other Key Players
12.2.1 Dabmar Lighting, Inc.
12.2.2 Lumitec LLC
12.2.3 Perko Inc.
12.2.4 Wibre
12.2.5 Submertec
12.3 Start-Up Ecosystem
12.3.1 G1 Energy Solutions Private Limited
12.3.2 Shenzhen Sanxinbao Semiconductor Lighting Co., Ltd.
12.3.3 Arihant LED Lights
12.3.4 Global Light & Power LLC
12.3.5 Fire Water Marine

13 Appendix
13.1 Insights From Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
13.4 Available Customizations
13.5 Related Reports
13.6 Author Details

List of Tables

Table 1 Underwater Lighting Market, By Light Source, 2016–2024 (USD Million)
Table 2 Market for LED, By Region, 2016–2024 (USD Million)
Table 3 Underwater Lighting for Others, By Region, 2016–2024 (USD Million)
Table 4 Market, By Mounting Type, 2016–2024 (USD Million)
Table 5 Market for Flush Mounted, By Region, 2016–2024 (USD Million)
Table 6 Market for Surface Mounted, By Region, 2016–2024 (USD Million)
Table 7 Market, By Installation Type, 2016–2024 (USD Million)
Table 8 Underwater Lighting for New Installations, By Region, 2016–2024 (USD Million)
Table 9 Underwater Lighting for Retrofit Installations, By Region, 2016–2024 (USD Million)
Table 10 Market, By Application, 2016–2024 (USD Million)
Table 11  Market for Boat/Yacht Lighting, By Region, 2016—2024 (USD Million)
Table 12 Market for Swimming Pools, By Region, 2016—2024 (USD Million)
Table 13 Market for Fountains, By Region, 2016—2024 (USD Million)
Table 14 Market for Other Applications, By Region, 2016—2024 (USD Million)
Table 15 Market, By Region, 2016–2024 (USD Million)
Table 16 Americas Market, By Region, 2016–2024 (USD Million)
Table 17 Americas Market, By Light Source, 2016–2024 (USD Million)
Table 18 Americas Market, By Application, 2016–2024 (USD Million)
Table 19 Americas Market, By Mounting Type, 2016–2024 (USD Million)
Table 20 Americas Underwater Lighting Market, By Installation Type, 2016–2024 (USD Million)
Table 21 North America Market, By Country, 2016–2024 (USD Million)
Table 22 North America Market, By Light Source, 2016–2024 (USD Million)
Table 23 North America Market, By Application, 2016–2024 (USD Million)
Table 24 North America Market, By Mounting Type, 2016–2024 (USD Million)
Table 25 North America Market, By Installation Type, 2016–2024 (USD Million)
Table 26 US Market, By Light Source, 2016–2024 (USD Million)
Table 27 Canada Market, By Light Source, 2016–2024 (USD Million)
Table 28 Mexico Market, By Light Source, 2016–2024 (USD Million)
Table 29 South America Market, By Country, 2016–2024 (USD Million)
Table 30 South America Market, By Light Source, 2016–2024 (USD Million)
Table 31 South America Market, By Application, 2016–2024 (USD Million)
Table 32 South America Market, By Mounting Type, 2016–2024 (USD Million)
Table 33 South America Market, By Installation Type, 2016–2024 (USD Million)
Table 34 Brazil Underwater Lighting Market, By Light Source, 2016–2024 (USD Million)
Table 35 Rest of South America Market, By Light Source, 2016–2024 (USD Million)
Table 36 Europe Market, By Country, 2016–2024 (USD Million)
Table 37 Europe Market, By Light Source, 2016–2024 (USD Million)
Table 38 Europe Market, By Application, 2016–2024 (USD Million)
Table 39 Europe Market, By Mounting Type, 2016–2024 (USD Million)
Table 40 Europe Market, By Installation Type, 2016–2024 (USD Million)
Table 41 Germany Market, By Light Source, 2016–2024 (USD Million)
Table 42 UK  Market, By Light Source, 2016–2024 (USD Million)
Table 43 France  Market, By Light Source, 2016–2024 (USD Million)
Table 44 Rest of Europe Market, By Light Source, 2016–2024 (USD Million)
Table 45 Asia Pacific Market, By Country, 2016–2024 (USD Million)
Table 46 Asia Pacific Market, By Light Source, 2016–2024 (USD Million)
Table 47 Asia Pacific Market, By Application, 2016–2024 (USD Million)
Table 48 Asia Pacific Market, By Mounting Type, 2016–2024 (USD Million)
Table 49 Asia Pacific Market, By Installation Type, 2016–2024 (USD Million)
Table 50 China Market, By Light Source, 2016–2024 (USD Million)
Table 51 Japan  Market, By Light Source, 2016–2024 (USD Million)
Table 52 India Market, By Light Source, 2016–2024 (USD Million)
Table 53 Rest of Asia Pacific Market, By Light Source, 2016–2024 (USD Million)
Table 54 RoW Market, By Region, 2016–2024 (USD Million)
Table 55 RoW Market, By Light Source, 2016–2024 (USD Million)
Table 56 RoW Underwater Lighting Market, By Application, 2016–2024 (USD Million)
Table 57 RoW Market, By Mounting Type, 2016–2024 (USD Million)
Table 58 RoW Market, By Installation Type, 2016–2024 (USD Million)
Table 59 Middle East Market, By Light Source, 2016–2024 (USD Million)
Table 60 Middle East Market, By Application, 2016–2024 (USD Million)
Table 61 Middle East Market, By Mounting Type, 2016–2024 (USD Million)
Table 62 Middle East Market, By Installation Type, 2016–2024 (USD Million)
Table 63 Africa Market, By Light Source, 2016–2024 (USD Million)
Table 64 Africa Market, By Application, 2016–2024 (USD Million)
Table 65 Africa Market, By Mounting Type, 2016–2024 (USD Million)
Table 66 Africa Market, By Installation Type, 2016–2024 (USD Million)
Table 67 Product Developments, 2016–2018
Table 68 Partnerships/Collaborations/Agreements, 2016–2018
Table 69 Mergers & Acquisitions, 2016–2018
Table 70 Expansions, 2016–2018

List of Figures

Figure 1 Market Segmentation
Figure 2 Underwater Lighting Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation Methodology
Figure 6 Surface Mounted Segment to Lead Market From 2019 to 2024
Figure 7 LED Segment to Lead  Market From 2019 to 2024
Figure 8 New Installations Segment of Market to Grow at A Higher CAGR Than Retrofit Installations Segment From 2019 to 2024
Figure 9 Swimming Pools Segment of Market Projected to Grow at Highest CAGR From 2019 to 2024
Figure 10 Asia Pacific Accounted for the Largest Share of Market in 2018
Figure 11 Increasing Demand for Installation of Lights in Swimming Pools is Driving Growth of Market
Figure 12 LED Segment Projected to Lead Market From 2019 to 2024
Figure 13 Swimming Pools Segment and China to Account for the Largest Share of Market in Asia Pacific By 2024
Figure 14 Surface Mounted Segment to Lead Market From 2019 to 2024
Figure 15 China to Lead  Market in 2019
Figure 16 Increased Demand for Underwater Lighting in Swimming Pools is Driving the Growth of  Market
Figure 17 Major Value Added By Original Equipment Manufacturers and Software Providers
Figure 18 Underwater Lighting Market, By Light Source
Figure 19 Underwater Lighting Market: Geographic Snapshot
Figure 20 Americas Market Snapshot
Figure 21 Europe Underwater Lighting Market Snapshot
Figure 22 Asia Pacific Market Snapshot
Figure 23 Companies Adopted Partnerships and Product Developments as Key Growth Strategies Between 2016 and 2018
Figure 24 Ranking of Key Players in Market, 2018
Figure 25 Competitive Leadership Mapping of Market, 2018
Figure 26 Signify: Company Snapshot
Figure 27 Acuity Brands: Company Snapshot

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