Market Overview:
The global aquaculture lighting market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for seafood and rising awareness about the benefits of LED lights over traditional halogen lights. The LED lighting segment is expected to grow at a higher CAGR than the halogen lighting segment during the forecast period. This can be attributed to factors such as energy efficiency, longer life span, and low maintenance costs associated with LED lights. In terms of application, the football field lights segment is expected to hold the largest share of the global aquaculture lighting market during 2018-2030.
Product Definition:
Aquaculture Lighting is the use of artificial light to stimulate and control the growth of aquatic plants and animals. Aquaculture Lighting is important because it can optimize growth, increase yield, and improve overall quality of farmed aquatic species.
Halogen Lighting:
Halogen lighting is a type of incandescent lamp that produces light by the excitation of halogens. The most commonly used halogens are sodium, magnesium, and aluminum. These lights are relatively inexpensive and produce a large amount of light for applications such as aquaculture.
LED Lighting:
LED lighting is a type of light source that produces light through the electric current generated by an LED. The most commonly used LEDs are those with a color temperature between 3,000K-6,700K. The color temperature of an LED represents the warm/coolness level of the light; i.e., how close it is to incandescent lighting or natural daylighting (daylight).
Application Insights:
Application of aquaculture lighting includes football field lights, hockey lights, tennis court lights, rugby field lights and others. Hockey light is the most widely used type of aquaculture lighting as it provides sufficient brightness to see the puck clearly during night games. Other applications include grow room and pond/lake area illumination. Football field light is one of the common types used for indoor application owing to its ability to provide uniformity in water circulation & plant growth across all seasons. These lamps consume less energy & produce low heat output which makes them ideal for indoor application areas such as ponds or tanks where space is limited.
The Asia Pacific region has been witnessing significant expansion in fish farming activities over past few years due to rising disposable income levels coupled with improved standard of living among people in countries like China.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a growth rate of over 6% from 2018 to 2030 owing to increasing aquaculture activities in countries, such as the U.S., and Canada. Furthermore, rising awareness regarding environmental impacts associated with other lighting alternatives is anticipated to drive demand for aquaculture lighting products in North America during the forecast period.
Asia Pacific is projected to be one of the fastest-growing regional markets over the forecast period owing to rapid expansion of fish farming facilities across several Asian countries, such as China and India.
The Middle East & Africa region accounted for a small share within Asia Pacific due its lack of freshwater fish species that require intensive care.
Growth Factors:
- Increasing demand for seafood due to changing dietary preferences of consumers towards healthy and nutritious food.
- Aquaculture Lighting market is witnessing a surge in adoption owing to the technological advancements in LED lighting technology that has resulted in reduction of operational costs and improved efficiency.
- Proliferation of aquaculture farms across the globe as a result of growing awareness about the benefits of consuming seafood is propelling the growth of Aquaculture Lighting market.
- Stringent regulations by government agencies pertaining to environmental conservation are prompting farmers to adopt energy efficient Aquaculture Lighting solutions, thereby driving the growth prospects for this market segment .
Scope Of The Report
Report Attributes
Report Details
Report Title
Aquaculture Lighting Market Research Report
By Type
Halogen Lighting, LED Lighting
By Application
Football Field Lights, Hockey Lights, Tennis Court Lights, Rugby Field Lights, Others
By Companies
GE Lighting, Philips, LEDVANCE, NVC, OPPLE, Kingsun, Panasonic, FSL, Pak, Cree, GE Lighting
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
190
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global Aquaculture Lighting Market Report Segments:
The global Aquaculture Lighting market is segmented on the basis of:
Types
Halogen Lighting, LED Lighting
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Football Field Lights, Hockey Lights, Tennis Court Lights, Rugby Field Lights, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- GE Lighting
- Philips
- LEDVANCE
- NVC
- OPPLE
- Kingsun
- Panasonic
- FSL
- Pak
- Cree
- GE Lighting
Highlights of The Aquaculture Lighting Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Halogen Lighting
- LED Lighting
- By Application:
- Football Field Lights
- Hockey Lights
- Tennis Court Lights
- Rugby Field Lights
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Aquaculture Lighting Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Aquaculture lighting is used to provide illumination for fish and other aquatic animals in aquaculture facilities. Aquaculture lighting typically consists of high-intensity discharge (HID) lamps, fluorescent lamps, or LED lights.
Some of the major companies in the aquaculture lighting market are GE Lighting, Philips, LEDVANCE, NVC, OPPLE, Kingsun, Panasonic, FSL, Pak, Cree, GE Lighting.
The aquaculture lighting market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Aquaculture Lighting Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Aquaculture Lighting Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Aquaculture Lighting Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Aquaculture Lighting Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Aquaculture Lighting Market Size & Forecast, 2018-2028
4.5.1 Aquaculture Lighting Market Size and Y-o-Y Growth
4.5.2 Aquaculture Lighting Market Absolute $ Opportunity
Chapter 5 Global Aquaculture Lighting Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Aquaculture Lighting Market Size Forecast by Type
5.2.1 Halogen Lighting
5.2.2 LED Lighting
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Aquaculture Lighting Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Aquaculture Lighting Market Size Forecast by Applications
6.2.1 Football Field Lights
6.2.2 Hockey Lights
6.2.3 Tennis Court Lights
6.2.4 Rugby Field Lights
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Aquaculture Lighting Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Aquaculture Lighting Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Aquaculture Lighting Analysis and Forecast
9.1 Introduction
9.2 North America Aquaculture Lighting Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Aquaculture Lighting Market Size Forecast by Type
9.6.1 Halogen Lighting
9.6.2 LED Lighting
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Aquaculture Lighting Market Size Forecast by Applications
9.10.1 Football Field Lights
9.10.2 Hockey Lights
9.10.3 Tennis Court Lights
9.10.4 Rugby Field Lights
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Aquaculture Lighting Analysis and Forecast
10.1 Introduction
10.2 Europe Aquaculture Lighting Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Aquaculture Lighting Market Size Forecast by Type
10.6.1 Halogen Lighting
10.6.2 LED Lighting
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Aquaculture Lighting Market Size Forecast by Applications
10.10.1 Football Field Lights
10.10.2 Hockey Lights
10.10.3 Tennis Court Lights
10.10.4 Rugby Field Lights
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Aquaculture Lighting Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Aquaculture Lighting Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Aquaculture Lighting Market Size Forecast by Type
11.6.1 Halogen Lighting
11.6.2 LED Lighting
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Aquaculture Lighting Market Size Forecast by Applications
11.10.1 Football Field Lights
11.10.2 Hockey Lights
11.10.3 Tennis Court Lights
11.10.4 Rugby Field Lights
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Aquaculture Lighting Analysis and Forecast
12.1 Introduction
12.2 Latin America Aquaculture Lighting Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Aquaculture Lighting Market Size Forecast by Type
12.6.1 Halogen Lighting
12.6.2 LED Lighting
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Aquaculture Lighting Market Size Forecast by Applications
12.10.1 Football Field Lights
12.10.2 Hockey Lights
12.10.3 Tennis Court Lights
12.10.4 Rugby Field Lights
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Aquaculture Lighting Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Aquaculture Lighting Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Aquaculture Lighting Market Size Forecast by Type
13.6.1 Halogen Lighting
13.6.2 LED Lighting
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Aquaculture Lighting Market Size Forecast by Applications
13.10.1 Football Field Lights
13.10.2 Hockey Lights
13.10.3 Tennis Court Lights
13.10.4 Rugby Field Lights
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Aquaculture Lighting Market: Competitive Dashboard
14.2 Global Aquaculture Lighting Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GE Lighting
14.3.2 Philips
14.3.3 LEDVANCE
14.3.4 NVC
14.3.5 OPPLE
14.3.6 Kingsun
14.3.7 Panasonic
14.3.8 FSL
14.3.9 Pak
14.3.10 Cree
14.3.11 GE Lighting
