Global Underwater Lighting Market is estimated to be USD 302.2 Mn in 2021
The Global Underwater Lighting Market is driving due to increasing demand for underwater lighting treatment in the various swimming pool, fountains, aquariums, and other applications. The benefits offered by aquatic lighting systems to fish attractors for night fishing are driving the market's growth.
Moreover, the growing demand for Aesthetic water-featured landscaping helps fuel the market's growth. On the other hand, the high cost associated with installing energy-efficient LEDs is restricting the market and hampering the development of the global underwater lighting market.
Furthermore, replacing traditional lighting solutions with underwater lighting solutions, growing urbanization, and increasing government initiatives and support in adopting energy-efficient LEDs will create potential demand in the forecasted period. Moreover, high absorption of light underwater is the challenge that may negatively affect the market's growth.
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