USD 330.2 million
Underwater Lighting Market Size, Share, and Growth Analysis
Underwater Lighting Market By Light Source (Light Emitting Diode (LED), Others), By Mounting Type (Flush Mounted, Surface Mounted), By Installation Type (New Installations, Retrofit Installations), By Application, By Region - Industry Forecast 2025-2032
Report ID:
SQMIG20D2235 |
Region:
Global |
Published Date: January, 2025
Pages:
173
|Tables:
115
|Figures:
72
Format -
Underwater Lighting Market Insights
Global Underwater Lighting Market size was valued at USD 330.2 million in 2023 and is poised to grow from USD 345.72 million in 2024 to USD 499.23 million by 2032, growing at a CAGR of 4.7% during the forecast period (2025-2032).
The growing adoption of underwater lightning solutions for various purposes such as aesthetic enhancement, safety, and visibility of the underwater environment boosts overall market growth. Underwater lighting solutions are gaining wide applications from marine and offshore industries to recreational activities. Furthermore, the growing underwater tourism is boosting the demand for advanced and vibrant underwater lighting solutions. Resorts underwater hotels and tourist attractions across the globe are incorporating smart lighting designs such as underwater lightning. Key market players are focusing on the development of innovative underwater lighting solutions with smart connected systems and advanced control systems. North America is a large market for underwater lighting solutions. Manufacturers are also focused on developing eco-friendly underwater lighting solutions. This is due to the need to reduce pollution and any hazards that may create disturbance to the marine ecosystem.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Light-Emitting Diode (LED)
Fastest Growth
Xenon
Growth Rate
4.7% CAGR
Global Underwater Lighting Market ($ Bn)
Country Share for North America Region (%)
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Underwater Lighting Market Segments Analysis
Global Underwater Lighting Market is segmented by Light Source, Mounting Type, Installation Type, Application and region. Based on Light Source, the market is segmented into Light Emitting Diode (LED) and Others. Based on Mounting Type, the market is segmented into Flush Mounted and Surface Mounted. Based on Installation Type, the market is segmented into New Installations and Retrofit Installations. Based on Application, the market is segmented into Boat/Yacht Lighting, Swimming Pools, Fountains and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Light Source
Light-emitting diode (LED) underwater lighting solutions are estimated to hold a dominant share of the global market in 2024. LED lighting technologies are gaining momentum across various sectors including the underwater lighting market. LED lighting offers advanced features compared to traditional counterparts. The advanced features of LEDs make them well-suited for underwater applications, increasing their widespread adoption. LED lighting solutions have a long-life span compared to traditional ones due to their effective technology. Long life characteristics of LED lead to cost savings in the long run. LEDs are durable in nature which makes them more resistant to shock and effective in working in harsh environmental conditions making them ideal for challenging underwater environments.
Xenon underwater lighting solution sales are increasing at a healthy CAGR. Xenon underwater lighting solutions are widely used due to their brightness. These solutions emit vibrant illumination which makes them suitable for certain scenarios expressly in specialized underwater activities. Xenon underwater lighting solutions can penetrate through muddy or turbid water more effectively than other technologies. These technologies can be easily configured with other flash functionalities. Xenon underwater lighting solutions are gaining high importance in emerging economies. The growing investments by governments in the high potential economics are generating profitable opportunities for underwater lightning technology providers.
Analysis by Mounting Type
The flush-mounted underwater lighting solution segment holds a high global market share. Flush-mounted underwater lighting solutions are gaining traction due to the way they are installed with surface illumination. Flush-mounted underwater lighting solutions are aesthetically appealing which makes them popular in applications such as pools, fountains, and water features. In marine applications flush-mounted underwater lights are used on boat hulls to improve visibility in the water. The rising recreational activities are further boosting the demand for flush-mounted underwater lighting solutions. Many swimming pool owners are installing flush-mounted underwater lights, which are expected to reduce the risk of injury to swimmers as they provide high illumination.
Surface-mounted underwater lighting solution sales are expected to witness high growth during the study period. Surface-mounted underwater lights are easy to install compared to other counterparts they come with effective structures that can be easily mounted on underwater platforms. Surface-mounted underwater lights are expected to be more cost-effective both in terms of investment and maintenance, the simplicity of installation further reduces their labor cost leading them to be the most sought-after product.
Global Underwater Lighting Market By Light Source
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Underwater Lighting Market Regional Insights
The sales of underwater lighting solutions in North America hold a dominant share. The flourishing marine and offshore industries in North America particularly in the United States and Canada are boosting the underwater lighting market growth. Respective governments in the region are investing in underwater research and exploration activities. Furthermore, more strict safety and environmental regulations are boosting the demand for advanced lighting solutions in North America. The increasing popularity of underwater tourism in various areas of North America is further fueling the market growth.
The demand for underwater lighting solutions is expected to increase in Asia Pacific. Asia Pacific countries such as China and Japan are investing heavily in underwater research, marine conservation, and offshore energy projects. These activities are boosting the demand for advanced underwater lighting solutions. High-performance underwater lighting solutions are gaining popularity in Asia Pacific due to their increasing application in underwater infrastructure development activities. The rise in underwater cultural heritage preservation and other initiatives focused on the development of underwater attractions are also forecasted to boost sales of underwater lighting solutions.
Global Underwater Lighting Market By Region
- Largest
- Fastest
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Underwater Lighting Market Dynamics
Underwater Lighting Market Drivers
Growing Marine Tourism
- The increasing disposable income of people around the world has led to rising interest of people in opting for travel and tourism activities. Underwater lighting plays a crucial role in marine tourism activity and this is why its demand is projected to increase over the coming years.
Expansion of Underwater Infrastructure
- The number of underwater infrastructure projects are increasing rapidly around the world, which is slated to benefit sales of underwater lighting. Rise in number of aquaculture facilities to increase the supply of sea food around the world is also slated to bolster market growth in the future.
Underwater Lighting Market Restraints
Technical Challenges
- Installing underwater lights can be a challenging task and comes with its own technical issues as well. Specialized underwater expertise is required to develop and install underwater lighting, and this could slow down underwater lighting market growth across the forecast period.
Regulatory Constraints
- Installation of underwater lighting is subject to some serious regulations as improper practices could lead to degradation of the marine ecosystem and hasten the process of overall environmental degradation. Compliance with these stringent regulatory norms could impede underwater lighting market development in the long run.
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Underwater Lighting Market Competitive Landscape
Underwater lighting providers experiment with the development of new technologies and styles of light to maximize their sales and revenue generation potential going forward. Companies focus on the integration of advanced LED technologies to maximize their sales potential and create innovative designs to attract more customers and maximize their revenue generation potential during the forecast period. Underwater lighting market players also focus on expanding their distribution networks in developing regions where marine tourism activities are flourishing.
Top Players in Underwater Lighting Market
- Underwater Lights Limited (UK)
- Signify Holding (Netherlands)
- Shadow Caster Inc. (US)
- Attwood (US)
- Eaton Corporation (US)
- Ocean LED (UK)
- Acuity Brands (US)
- Spa Electrics (Australia)
- Perko Inc. (US)
- WIBRE GMBH & CO. (Germany)
- Aqualuma LED Lighting (Australia)
- Griven (Italy)
- Lumitec LLC (US)
Recent Developments
- In November 2021, OceanLED, a renowned supplier of underwater lighting announced the launch of its new E2 underwater LED light, which is an addition to its existing Explore range. The new product has wide and narrow beam options for extensive use and is suitable for use in different underwater applications.
- In April 2021, Signify, a leading name in the lighting business, announced the launch of its new solar-power pond lights. The light was claimed to improve the feed conversion ratio for different fish species.
Underwater Lighting Key Market Trends
- Smart Lighting and Automation: Underwater lighting market players should focus on integrating smart technologies such as automation to enhance the efficiency and attractiveness of underwater lighting products. A wide range of colors and advanced brightness adjustments are some key benefits that integration of these technologies will bring to the underwater lighting marketplace.
Underwater Lighting Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per our analysis, rapidly increasing travel and tourism activities around the world are projected to create new opportunities for underwater lighting suppliers across the forecast period. Advancements in lighting technology will also bolster the underwater lighting market growth in the long run. Increasing marine trade activity and growing offshore activities are also expected to uplift the demand for underwater lighting products in the future. However, difficulties in installation and technical challenges are predicted to impede market growth going forward. The Asia-Pacific region is forecasted to emerge as the world's fastest-growing regional market due to rapidly increasing marine tourism activities. Adoption of smart lighting technologies and automation of underwater lighting could create new opportunities for underwater lighting manufacturers over the coming years.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 330.2 million |
| Market size value in 2032 | USD 499.23 million |
| Growth Rate | 4.7% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Underwater Lighting Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Underwater Lighting Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Underwater Lighting Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Underwater Lighting Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Underwater Lighting Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Underwater Lighting Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Underwater Lighting Market Report Snapshots
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