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) Read More

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. Read More

Which is the fastest growing region in Underwater Lighting Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Underwater Lighting Market?

In 2024, the North America accounts for the largest market share in Underwater Lighting Market. Read More

What years does this Underwater Lighting Market cover?

The report covers the Underwater Lighting Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Underwater Lighting Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Underwater Lighting Market Trends

Statistics for the 2023 & 2024 Underwater Lighting market trends, created by Mordor Intelligence™ Industry Reports. Underwater Lighting trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of Underwater Lighting Industry

This section covers the major market trends shaping the Underwater Lighting Market according to our research experts:

LED is Expected to Hold a Significant Share

LEDs have evolved as a major lighting technology as they are environmentally more beneficial as compared to halogen lights in terms of power consumption, durability, and longevity. LEDs are also safe as they do not get heated and can easily be switched on/off without waiting for them to cool down. They ensure energy-saving and require less maintenance.
When compared to the electricity required to run a pool's pumps, lighting consumes a very small amount of energy, but, it cannot be neglected. With the push toward LEED and the growing trend towards green technology, people are turning towards LED-style lighting. The LED has revolutionized swimming pool lighting. The LED can produce the same amount of light as a 100-watt halogen bulb while using only six watts of power. This is because LEDs convert all the energy it uses into light rather than some of it being converted into heat.

Understand The Key Trends Shaping This Market

Download PDF

Asia-Pacific is Expected to Experience a Rapid Growth

The growing number of swimming pool construction projects in the region due to its thriving tourism industry and the development of luxurious residential complexes endowed with modern amenities, most often with large pools is expected to propel the demand for the underwater lighting market.
The tourism sector is also impacting the growth of the construction sector in the region. The region is also aware of the fact that the priority for tourists is comfort with better amenities such as pools and spas. For instance, Bali accounts for more than 2,500 hotels with a pool.
Singapore attracted 18.5 million visitors in 2018, a 6.2% increase from the previous year, according to the Singapore Tourism Board. This increasing number can result in the construction of new hotels, more elegant and luxurious than before. This, in turn, will provide ample opportunities to the underwater lighting market.