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Underwater Lighting Market Share

Report ID: GMI10925
Published Date: Aug 2024
Report Format: PDF

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Underwater Lighting Market Share

Signify N.V. and Eaton Corporation plc hold a significant share of the underwater lighting industry. Signify N.V., formerly known as Philips Lighting, holds a significant share of the underwater lighting industry due to its extensive experience and innovation in the lighting industry. As a global leader in LED technology, Signify offers a range of high-performance underwater lighting solutions that cater to various applications, including marine research, recreational diving, and coastal infrastructure.

Its products are known for their energy efficiency, durability, and advanced features such as smart control and color customization. Signify's strong emphasis on R&D, along with its commitment to sustainability, positions it as a major player in the market. Additionally, the company’s global presence and established distribution network enable it to effectively reach diverse markets and meet the growing demand for high-quality underwater lighting solutions.

Eaton Corporation plc is a key player in the underwater lighting market due to its extensive portfolio of robust and reliable lighting solutions designed for harsh underwater environments. Eaton’s expertise in engineering and its focus on innovations allow it to provide advanced underwater lighting systems that offer superior performance, safety, and energy efficiency. The company’s products are widely used in various sectors, including marine infrastructure, recreational boating, and underwater research.

Eaton’s reputation for quality and its ability to deliver customized solutions to meet specific customer needs further contribute to its significant market share. The company’s global reach and strong industry partnerships also support its position in the competitive market.

Underwater Lighting Market Companies

Major players operating in the underwater lighting industry are:

Signify N.V.
Eaton Corporation plc
Acuity Brands, Inc.
Hayward Industries, Inc.
Lumishore Ltd.
T-H Marine Supplies, Inc.
Aqualuma LED Lighting

Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The market size of underwater lighting reached USD 341.6 million in 2023 and is set to grow at over 5% CAGR between 2024 and 2032, due to growing interest in recreational underwater activities, such as scuba diving, snorkeling, and underwater photography

The new installation segment is projected to record over USD 200 million by 2032, as it involves the deployment of lighting systems in the newly constructed underwater projects or facilities

North America market recorded over 30% share in 2023, driven by its diverse recreational activities, significant marine research initiatives, and extensive coastal infrastructure.

Signify N.V., Eaton Corporation plc, Acuity Brands, Inc., Hayward Industries, Inc., Lumishore Ltd., T-H Marine Supplies, Inc., and Aqualuma LED Lighting.