Ever wondered how gloomy your aquarium would look without those bright lights. A sad aquarium is enough to turn the entire room into a sad atmosphere.
But more than just brightening the aquarium and the room with their wide spectrum of brightness and color through LED or fluorescent, halogen and incandescent bulbs, the aquarium lighting equipment have other benefits as well. These promote a stress-free environment for the fish in the tank. Well, studies have also concluded that these lighting equipment also play a key role in maintaining the good water quality in the tank.
Overview of the Aquarium Lighting Equipment Market
Market researches by various analysts have predicted a dynamic growth in the aquarium lighting equipment industry, the prime factor here is the increasing interest among the masses to take up fish keeping as a hobby. The constant growth among the hobbyists for keeping the ornamental fishes in their homes and offices have been the driving force contributing to the upward movement of the sales of the aquarium accessories. The accessories market is expected to have a growth at a CAGR of almost 5% over the forecast period till 2020. The Aquarium Lighting Equipment industry is as well expected to see its growth in the sales charts.
Scientific estimations for the said industry have been carried out emphasizing the Aquarium Lighting Equipment market size and forecast, value chain features and even the price analysis of the market. The ultimate results of the research and estimations have boosted the morale of the manufacturers by giving out gigantic growth possibilities.
End Users of the Aquarium Lighting Equipment
The lighting equipment of both types, LED Aquarium Lighting Equipment and the Traditional Aquarium Lighting Equipment are in use today and will remain so in near future at least over the forecast period. These are used for commercial use as well as for the home or the domestic use by the hobbyists.
The manufacturers must cater to the requirements of aquariums in the places of usage.
Homes: The aquarium here is mostly a showpiece. And the good lighting equipment must make it so. It should also not be too much for the pockets of the hobbyist.
Offices: The aquarium here acts as a stress reliever to the employees besides giving a good impression to the clients and the visitors. The lighting equipment should be such as to give a good view of the fishes to the people watching them. It should also consider the office etiquettes and should not be too loud.
Zoos and Oceanariums: The zoos often have a separate section for the sea animals. The Oceanariums are the specialized sections for the ocean creatures. The area is mostly dark to give a deep sea sensation. So there is more work for the aquarium lighting equipment and systems.
Pet markets: The pet markets definitely need to have proper and permanent lighting equipment installed in the aquariums so as to attract the customers.
The competitive market landscape
The industry has a global competition that covers regions such as South East Asia, Europe, China, USA, India, and Japan. The market is thus extremely competitive with many players providing quality equipment and good services to their clients and customers. Competition among the players is also on product differentiation, portfolios and pricing strategies. The leading vendors with vast global presence compete with the few regional vendors for capturing the local markets posing a threat to them.
The number of hobbyists and end users of the decorative fish aquariums are expected to grow many folds in the coming years. The future market is thus full of scopes and opportunities for the existing and new players. However, customer satisfaction and relations remain the ultimate ways to be the leading player in the market.