Underwater Lighting Market Size, Share, Growth Analysis, By Light Source(Light-Emitting Diode (LED), Xenon, Halogen, and Others), By Mounting Type(Flush-Mounted and Surface-Mounted), By Installation Type(New Installation and Retrofit Installation), By Application(Boat/Yacht Lighting, Swimming Pools, Fountains, and Others), By Region - Industry Forecast 2024-2031

The sales of underwater lighting solutions in North America hold a dominant share. The flourishing marine and offshore industries in North America particularly in the United States and Canada are boosting the underwater lighting market growth. Respective governments in the region are investing in underwater research and exploration activities. Furthermore, more strict safety and environmental regulations are boosting the demand for advanced lighting solutions in North America. The increasing popularity of underwater tourism in various areas of North America is further fueling the market growth.

The demand for underwater lighting solutions is expected to increase in Asia Pacific. Asia Pacific countries such as China and Japan are investing heavily in underwater research, marine conservation, and offshore energy projects. These activities are boosting the demand for advanced underwater lighting solutions. High-performance underwater lighting solutions are gaining popularity in Asia Pacific due to their increasing application in underwater infrastructure development activities. The rise in underwater cultural heritage preservation and other initiatives focused on the development of underwater attractions are also forecasted to boost sales of underwater lighting solutions.