Global 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
Market Analysis: Global Aquarium Lighting Market
Global 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.
Market Definition: Global Aquarium Lighting Market
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.
- 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
- 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: Global Aquarium Lighting Market
- Traditional Aquarium Lighting
- LED Aquarium Lighting
- Commercial Use
- Home Use
- North America
- South America
- Rest of South America
- Rest of Europe
- South Korea
- New Zealand
- Rest of Asia-Pacific
- Middle East and Africa
- Saudi Arabia
- South Africa
- 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
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.
Research Methodology: Global Aquarium Lighting Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved