Global LED Underwater Flashlight Market Sluggish Growth Rate Foreseen by 2022-2028

The global led underwater flashlight market is anticipated to grow at a CAGR of 4.1% during the forecast period. The underwater lighting is used for the decoration purpose in the pools or recreational ponds and also installed for aesthetic water-featured landscaping. From large swimming pools to small aquariums, underwater lighting is used. The continued urbanization, improved lifestyle of consumers and rise in disposable income have resulted in an increase in the number of swimming pools coupled with it as swimming pools increase the demand for the lights increases to and that in turn market is witnessing positive growth is the primary factor driving the growth of the LED underwater flashlight market. Underwater lighting has numerous applications, including boat/yacht lighting and fountains. Increased participation in underwater sports such as scuba diving, deep sea fishing, and snorkelling is anticipated to fuel the growth of the underwater flashlight market.

An increase in the number of government initiatives to encourage the use of energy-efficient LEDs lights boosts market growth. The high installation costs of energy-efficient LEDs flashlights, on the other hand, limit the growth of the LED underwater flashlight market. In addition, the increasing substitution of traditional lights with LEDs is also predicted to open growth opportunities for the LED underwater flashlight market during the forecast period. LEDs are increasingly gaining traction for underwater lighting, and they are taking over as the industry standard. As compared to other lighting source, LEDs are inherently efficient with a long expected lifetime. Moreover, with the increasing push toward LED and the rising trend towards green technology, population across the globe are turning towards LED-style lighting. The LED has revolutionized swimming pool lighting and produces the same amount of light as a 100-watt halogen bulb while using only six watts of power. Owing to such beneficial features offered by LED in underwater the demand for the LED underwater flashlight is increasing and market is witnessing growth.

Moreover, various companies are launching and innovating new product to cater and fulfil the increased demand for such products by the end users. For instance,

• In November 2021, OceanLED, launch the new Explore E2 underwater LED Light. XFM light to have 2 beam options, wide or narrow. The E2 comes with IP69k protection as well as in-hull temporary submersion protection. The E2 is very compact in size, for tight installations and has an exchangeable light cartridge for upgrades and maintenance.
• In October 2019, Lumishore, has launched first and only marine-grade, fully color-tunable, DC smart lighting, developed specifically for the marine environment. These LEDs directly into the fixture, Lumishore lights are able to produce an almost infinite combination of hues, saturation and temperature

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Type
  • By Application
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- Bigblue Dive Lights, Light & Motion, Lumishore, Princeton Tec, OceanLED, R.N.T. Energy & Solutions, and Underwater Kinetics, among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global LED Underwater Flashlight Market Report by Segment

By Type

• Stationary Type
• Portable Type

By Application

• Recreational/Back Up Lights
• Hand or Camera Mounted Primary/Videography Light
• Technical Diving Canister Light