The global market and trend about underwater led lights in the year 2024

The global underwater LED lights market, was estimated at USD 279 million in 2019 and is estimated to reach USD 348 million by 2024, indicating a CAGR of 4.5%.

The market for LED lights for underwater installations in the marine industry has been keeping steady growth because of the following factors:

1) Energy saving: LED lights are significantly more energy-efficient than traditional halogen or metal halide lamps. This resutls cost savings on energy bills for boat operators and owners of underwater facilities or ships.

2) Durability: LED lights are known for their long lifetime, which is so important in underwater environments where frequent maintenance can be difficult and expensive.

3) Environmental Protection: LED lights do not have mercury or other harmful toxins, making them a more environmentally friendly choice for underwater lighting.

4) Versatility: LED lights can be designed to acheive a variety of colors and light patterns, making them suitable for various applications in the marine industry.

After the convid-19 pandemics, there is increasing demand for underwater sports activities (scuba diving, snorkeling), government initiatives promoting energy-efficient LEDs, and rising disposable income for recreational boating.

By Mounting Type Source, it is basically classified into thru-hull mounted and surface-mounted.  As for applications scenario, the underwater led lights are mainly used for 

Boat navigation and underwater visibility for safety
Attracting fish for recreational and commercial fishing
Underwater aquaculture (fish farms)
Aesthetic purposes for yachts and luxury boats
Underwater security and inspection lighting

Currently,  there are some trends about underwater led lights in the following, suchas 

Increasing adoption of color-changing LED lights for aesthetics and attracting fish.
Development of LED lights with improved corrosion resistance for harsh underwater environments.
Growing popularity of solar-powered LED lights for eco-friendly operations.

Geographically, the global underwater lighting market is expected to be dominated by North America, followed by Asia-Pacific, Europe, and the Rest of the World. The use of underwater LED lights in these areas arise from the presence of underwater caverns and government attempts to assist underwater activity. Also, the need for underwater LED lights has increased as a result of the installation of private swimming pools in the hospitality sector. The expansion of the underwater lighting market in the Asia Pacific is estimated to be driven by an increase in the number of swimming pool construction projects due to the regions thriving tourism industry and the development of upscale residential complexes . Because of the high disposable income of customers, the demand for luxury cruises has increased, as has the demand for yachts, which has brought about expansion of the underwater lighting system market. The Asia-Pacific area, on the other hand, is predicted to rise quickly due to the construction of amusement parks and fountains in China, South Korea, and Japan. 

Major players in the global underwater lighting market are largely focused on incorporating cutting-edge technology into their underwater LED lights. They adpot inorganic growth tactics such as acquisitions, partnerships, joint ventures, and collaborations as part of their market development strategy. 

The famous players in the global market are as follows:

Signify (Formerly Philips Lighting)
Eaton
Acuity Brands
Hayward Industries, Inc.
Lumishore
T-H Marine
Shadow Caster, Inc.
Attwood
SeaLife
Aqualuma
OceanLED
Dabmar Lighting, Inc.
Lumitec LLC
Underwater Lights Limited
Bat system
BIRNS, Inc.
Light & Motion
Perko Inc.
Wibre
Submertec
Hella Marine
Global Light & Power LLC
Fire-Water Marine 
Shadow Caster Marine LED