What is Aquarium Lighting Market?
The main benefit of Good aquarium lighting is to provide light adjusted to maximum effect. Major factors such as colour coordination, luminous efficacy as well as efficiency should be considered in aquarium lighting. For healthy growth, plants need a balance of blue and red spectrum in freshwater aquarium. Whereas, the blue element would predominate in a marine aquarium. Some of the features and benefits of using fluorescent lighting are lower heat emission, low operating cost, a wide selection of bulbs with different temperatures, among others. Growth in the aquaculture industry, as well as rising adoption of led aquarium lighting equipment and rising disposable income and increasing usage of the aquarium in the house for decorative purposes, will act as a driver for market growth.
The market study is being classified by Type (Power Compact Lights, LED aquarium lighting, Metal Halide, Normal Florescent Bulbs, High Output Bulbs and Very High Output Bulbs), by Application (Freshwater Tropical Aquarium, Coldwater Aquariums, Marine Aquariums and Brackish Aquariums) and major geographies with country level break-up.
Koninklijke Philips N.V. (Netherland), Central Garden and Pet (United States), Marineland (United States), Current-USA (United States), Ecotech Marine LLC (United States), Zoo Med (United States) and Chuangxing (China) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Mars-hydro (United States), EHEIM GmbH & Co. KG (Germany), Aqua Design Amano Co., Ltd. (Japan), Tetra (United States), Fluval (United States), Giesemann (Germany), Shenzhen Herifi (China), Finnex (India), AB Aqua Medic GmbH (Germany) and Zetlight (China).
Many domestic and global players provide Aquarium Lighting products to improve fish health. Major manufacturers have their presence in the North American, Asia Pacific and European countries. The key companies in the Aquarium Lighting market are Koninklijke Philips N.V. (Netherland), Central Garden and Pet (United States), Marineland (United States), Current-USA (United States), Ecotech Marine LLC (United States), among others. Various strategies, such as expansions & investments, partnerships, collaborations, and agreements, were adopted by the key companies to remain competitive in the aquarium lighting market. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Aquarium Lighting market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Aquarium Lighting market by Type, Application and Region.
On the basis of geography, the market of Aquarium Lighting has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- The demand for aquarium heater has increased, due to the increasing demand for aquarium in the household. For instance, as per an article published by National Pet Owners Survey, in 2018, more than 68% of American households own a pet and more than 12.5 million United States households keep freshwater fish and more than 2.5 million keep saltwater fish. Hence, it will affect the growth of the market in the future.
Market Trend
- Rising Demand of Online Sale of Aquarium Accessories
- Technology advancement regarding Aquarium Lighting
Restraints
- Stringent Government Rules as well as Regulations
Opportunities
- Growing Adoption Rate of Underwater Species in Emerging Countries
Challenges
- Fluctuations in Raw Material Prices as well as Product Unavailability in Several Regions
Key Target Audience
Manufacturers of Aquarium Lighting, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others