Data talk: How big is the market space for LED underwater fish lights?

Since surface fish gathering lights need to be installed on fishing boats, and deep sea fish gathering lights need to be installed on trawl nets, the current market status of fish gathering lights and general lighting market trends have similar models, namely alternative markets and new markets.

The alternative market refers to the trawl of fish boats that have been installed with metal halide lamps and underwater fish lamps with metal halide lamps. Due to the needs of service life, life and energy consumption, they tend to adopt new LED underwater fish lights. For replacement and update.

The new market refers to the newly built fishing vessels and trawls using new technologies, such as water-change trawling and the provision of surface LED catchment lights and deep-sea LED underwater fish lights as essential fishing facilities to improve their efficiency and catch.

The demand for catch-up lamps in alternative markets is directly related to current fishing vessel holdings (tonnage) and penetration (50 per cent of catch-up lamp installation rates).

The demand for fishing lights in the new market is directly related to the number (tonnage) and assembly rate (>90%) of newly built fishing vessels.

Take Asia as an example: there are 3.45 million fishing vessels, of which 80% is the share of motor fishing vessels, or 2.77 million, and small fishing vessels (0-11. 9M) has a market share of 87%, a total of 2.41 million, the lowest/highest LED catchfish lamp per fishing vessel is 36/72, the need for 173 million fish set lamps, if only to obtain 10% of the market share, we need to produce 17.3 million fish lanterns a year, the market development space is huge.

In China, the market share of nearly 200,000 medium-sized fishing vessels (over 100 tons) is 10%. 72 fishing lights/vessels are installed. The number of fishing lights required is still staggering, about 1.5 million 150W LED underwater fish lights.

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