January 7, 2021

Aquarium Lighting Market

Aquarium Lighting Market By Product (Traditional Aquarium Lighting, LED Aquarium Lighting, Others), Application (Commercial Use, Home Use), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026 aquarium lighting market is expected to register a steady CAGR of 4.6% in the forecast period of 2019-2026. The high growth of this market is due to the increasing demand for aquarium lighting equipment. Aquarium light has been emerged as a lighting tool instead of sunshine in the past 5 years. As per the law of water plant growth, the light can meet the requirement of many water plants. This tool can provide the best lighting solution for aquarium fish view. Freshwater aquarium lighting can be provided by screw-in incandescent bulbs, fluorescent tubes and LED lamps.

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Market Drivers:

·        Increasing adoption of LED aquarium lighting equipment is expected to drive the market growth

·        Increasing of LED industry expenditures drives the market growth

·        Growing demand of Aquarium globally is propelling the demand for aquarium lighting

·        Growth of persons keeping fish is driving the market

Market Restraints:

·        Less availability of raw materials is hindering the market growth

·        High cost as compared to other LED lights is hampering the market growth

·        Not used in the area of planted aquariums restrain the market growth

Segmentation

By Product

o   Traditional Aquarium Lighting

o   LED Aquarium Lighting

o   Others

By Application

o   Commercial Use

o   Home Use

By Geography

·        North America

o   US

o   Canada

o   Mexico

·        South America

o   Brazil

o   Argentina

o   Rest of South America

·        Europe

o   Germany

o   Sweden

o   Poland

o   Denmark

o   Italy

o   U.K.

o   France

o   Spain

o   Netherlands

o   Belgium

o   Switzerland

o   Turkey

o   Russia

o   Rest of Europe

·        Asia-Pacific

o   Japan

o   China

o   India

o   South Korea

o   New Zealand

o   Vietnam

o   Australia

o   Singapore

o   Malaysia

o   Thailand

o   Indonesia

o   Philippines

o   Rest of Asia-Pacific

·        Middle East and Africa

o   UAE

o   Saudi Arabia

o   Oman

o   Qatar

o   Kuwait

o   South Africa

o   Rest of Middle East and Africa

Key Developments in the Market:

·        In September 2018, ORPHEK AQUARIUM LED LIGHTING launched a new Orphek Atlantik V4 Compact Reef LED Lighting for Optimal Coral Growth and Color. It will help the company to increase its customer base

·        In August 2018, Marineland introduced Marineland Adjustable Lights that put lighting design directly in the hands of fishkeepers. It will help the company to meet the increasing demand for aquarium customization options

Competitive Analysis:

Global aquarium lighting market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of aquarium lighting market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Market Competitors:

Few of the major competitors currently working in the global aquarium lighting market are Koninklijke Philips N.V., Central Garden and Pet, EcoTech Marine, Zoo Med Laboratories, Inc., CHUANGXING Electrical appliances Co.,Ltd., Mars Hydro Store, EHEIM GmbH & Co. KG, Tropical Marine Centre, Aqua Design Amano Co.,Ltd., Spectrum Brands, Inc. Fluval, Giesemann Aquaristik GmbH, Shenzhen Herifi Technology Co.Ltd., Finnex Store, Aqua Medic GmbHand Zetlight among others.

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Reasons for Buying this Report

This report provides pin-point analysis for changing competitive dynamics

It provides a forward looking perspective on different factors driving or restraining market growth

It provides a six-year forecast assessed on the basis of how the market is predicted to grow

It helps in understanding the key product segments and their future

It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors

It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

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