Underwater Lighting Market - Introduction
Light in water exhibits behaviors outside of the range for various beautiful experiences. These behaviors are the result of the interplay of phenomena from the atomic scale to the macroscopic life that infuses the oceans. Light no longer follows straight lines from source to subject, and the inverse square law becomes a poor predictor of luminous intensity at a given distance from a source. The underwater lighting are used for the decoration purpose in swimming pool and for night fishing these are also used for the installation of underwater lights for aesthetic water-featured landscaping.
Solid state lighting technologies are supplanting incandescent, fluorescent, HMI, and HID lighting in many applications and for good reason. LEDs prove to be highly efficient and extremely flexible solutions. They are well suited to nearly every lighting application, including subsea imaging.
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Underwater Lighting Market – Competitive Landscape
Hayward Industries, Inc.
Hayward Industries Inc., manufactures fluid-control equipment and pool equipment. The Company's product portfolio consists of pool pumps, filters, heaters, and cleaning systems and distributes fiber-optic lighting designed to illuminate pools and backyards. The company also make plastic valves for water treatment plants and aquariums and filters. Hayward Industries Inc. was incorporated in 1963.
Acuity Brands, Inc
Acuity Brands, Inc. is a lighting and building management solutions provider with processes throughout North America and in Europe and Asia. The company has about 13,000 employees and headquartered in Atlanta, Ga. Products produced and designed by Acuity Brands include controls, drivers, power supplies building system controllers, luminaires, lighting, prismatic skylights, and integrated systems for indoor and outdoor applications in commercial, industrial, institutional, infrastructure and residential spaces.
Aqualuma LED Lighting
Established in 2004 Aqualuma is a privately owned company based on the Gold Coast, Queensland, Australia. Situated in the heart of the Australian marine industry, Aqualuma is widely regarded as the world’s leading LED marine lighting manufacturer. Aqualuma has redefined the underwater light industry with superior technology and high-quality products, lighting the water and exteriors of vessels around the world.
Signify N.V., long with its subsidiaries manufactures, sells and develops and lighting products worldwide. It operates through four segments: Lamps, LED, Professional, and Home. The company offers various light-emitting diode (LED) lamps, including bulbs, spots, and tubes for the professional and consumer channels, and original equipment manufacturers (OEMs); and LED electronic components, such as LED modules and LED drivers for luminaire OEMs, and for expert luminaire applications in the office, retail, and outdoor segments..
T-H Marine Supplies, Inc.
T - H Marine Supplies Inc. manufactures boat parts and accessories. The Company offers outboard motor mounts, access hatches, lid locks, deck plates and hardware, fishing rod holders, plumbing fittings, battery trays, and rigging accessories, as well as bass, pontoon, flats, and center console boats. T - H Marine Supplies serves customers internationally in these segments.
Some of the key players operating in the global Underwater Lighting Market with significant developments include Hayward Industries, Inc., Acuity Brands, Inc, Shadow Caster, Inc, Signify Holding, OceanLED Marine Ltd., Lumishore , Attwood Corporation, Aqualuma LED Lighting , T-H Marine Supplies, Inc., and Eaton Corporation plc.
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Underwater Lighting Market – Dynamics
Demand For Underwater Lighting in Swimming Pools
Underwater lights are used in swimming pools of residential complexes, apartments, sports facilities, hotels, spas, and health facilities. Keeping swimming pools and their surrounding areas well-lit makes them attractive and safe for use. The installation of underwater lighting in pools not only creates a pleasant atmosphere but also makes it possible to use pools round-the-clock. The companies are presenting the most exquisite range of burial under water and fountain lights for a large number of clients across global markets. These lights are installed in fountains and swimming pools to create a certain light effect during night that makes the surrounding more beautiful.
Underwater lights to attract fish during night fishing
An underwater fishing light attractor is a fishing aid that uses lights attached to structure above water or suspended underwater to attract both fish and members of their food chain to specific areas in order to harvest them. Just as fisherman seek conditions where the chance of catching fish is optimized, fish seek areas where the chance of catching their food is optimal. Most fishes seek waters that are rich in food such as smaller fish, insects or shrimp. And, it follows, that these smaller fish, insects and shrimp congregate where their food is most concentrated. Therefore these underwater lights are used to attract fish during night fishing.
Underwater Lighting Market – Segmentation
The Underwater Lighting Market can be bifurcated on the basis of:
- Light Source
- Mounting Type
- Installation Type
Underwater Lighting Market Segmentation – By Light Source
Depending on the Light Source, the Underwater Lighting Market can be divided into:
- Metal Halide Lamps
Underwater Lighting Market Segmentation – By Mounting Type
On the basis of the Mounting Type, the Underwater Lighting Market can be fragmented into:
- Flush Mounted
- Surface Mounted
Underwater Lighting Market Segmentation – By Installation Type
On the basis of the Installation Type, the Underwater Lighting Market can be fragmented into:
- New Installations
- Retrofit Installations
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.