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Global Underwater Lighting Market Report 2019-2024 - ResearchAndMarkets.com

November 14, 2019 GMT

DUBLIN--(BUSINESS WIRE)--Nov 14, 2019--

The “Underwater Lighting Market - Growth, Trends, and Forecast (2019 - 2024)” report has been added to ResearchAndMarkets.com’s offering.

The Underwater Lighting market is expected to record a CAGR of 3.7% over the forecast period 2019-2024

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 surroundings more beautiful.

LEDs are increasingly gaining traction for underwater lighting, and they are taking over as the industry standard. As compared to other lighting sources, 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.

Scope of the Report

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 the pool or accidental collisions with other swimmers can be avoided with this lighting.

Key Market Trends

LED is Expected to Hold a Significant Share

Asia-Pacific is Expected to Experience a Rapid Growth

Competitive Landscape

The underwater lighting market is competitive and consists of several players. With the LED lighting gaining popularity as a lighting source for underwater lighting, companies are continuously investing in this technology. Companies are also increasing their market presence by expanding their operations, or by entering into strategic mergers and acquisitions.

MARKET DYNAMICS

Market Drivers

Market Restraints

Companies Mentioned

For more information about this report visit https://www.researchandmarkets.com/r/yztns9

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SOURCE: Research and Markets

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PUB: 11/14/2019 07:33 AM/DISC: 11/14/2019 07:33 AM

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