Crystal Lamp Market Scope
High Growth of Automation in Home Based Lighting Systems is a key driver of the global crystal lamp market. There are two types of crystal lamps such as a ceiling lamp and table lamp. There is the availability of different shape, size, and color depending upon the power consumption which enhanced the room decoration. Rising use of the E-Commerce industry and availability of crystal lamps online will also help to boost the global crystal lamp market in the forecast period.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Waterford (Ireland), Wayfair (United States), Dimond Lighting (United States), Robert Abbey Lighting (United States), Elegant Lighting (United States), Dale Tiffany Lamps (United States), Trans Globe Lighting (United States), Uttermost (United States), Guangdong Kamtat Lighting (China) and Zhongshan Kaiyan Lighting (China) |
CAGR | % |
Global crystal lamp market is fragmented due presence of many players, to gain market share manufactures need to recreate their policies as the lighting revolution has dismantled the existing strategy landscape. New Product launches, as well as technological intention, are the key strategies adopted by major players. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Crystal Lamp market throughout the predicted period.
Waterford (Ireland), Wayfair (United States), Dimond Lighting (United States), Robert Abbey Lighting (United States), Elegant Lighting (United States), Dale Tiffany Lamps (United States), Trans Globe Lighting (United States), Uttermost (United States), Guangdong Kamtat Lighting (China) and Zhongshan Kaiyan Lighting (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Dongguan Versailles Lighting (China), Fujian Wenton Lights (China) and OPPLE (China).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Crystal Lamp market by Type , by Application (Household, Commercial use and Other) and Region with country level break-up.
On the basis of geography, the market of Crystal Lamp 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).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In April 2021, AC Lighting acquired the Schonbek brand from Swarovski Lighting Ltd. in an agreement that includes all of the operating assets related to the Schonbek brand, including a manufacturing plant in Plattsburgh, N.Y. The terms of the deal were not disclosed.
In September 2022, Rosha launched their new portable collection of festive table lamps. A new alteration to your table settings versus the candle. Ideal for a card table setting, a grand Ganpati or Diwali dinner or a hi-tea party.
According to The United states Lighting Energy Policies “Better Use of Light Bulbs Act - Repeals provisions of the Energy Independence and Security Act of 2007 concerning lighting energy efficiency, including provisions that: (1) prescribe energy efficiency standards for general service incandescent lamps, rough service lamps, and other designated lamps; (2) direct the Secretary of Energy (DOE) to conduct and report to the Federal Trade Commission (FTC) on an annual assessment of the market for general service lamps and compact fluorescent lamps; (3) set forth minimum energy efficiency standards for incandescent reflector lamps; (4) require metal halide lamp fixtures and energy efficiency labeling for designated consumer electronic products to be included within the Energy Policy and Conservation Act's (EPCA) regulatory oversight.”
Influencing Trend:
Rapid Technological Advances boosting Market Growth and Availability of Crystal Lamps for Specific Application in Accordance to End-users
Market Growth Drivers:
Rising Adoption Due to Innovation in Designing as well as Low Power Consumption and High Adoption of the Demand for a Lightweight, Cost Effective, Durable Lighting Solutions
Challenges:
High Level of entry barriers for Emerging Players
Restraints:
Threat of Substitutes and High Cost Compared to Conventional Alternatives
Opportunities:
High Growth of Automation in Home Based Lighting Systems
Key Target Audience
Crystal Lamp Makers, Crystal Lamp Distributor/ Supplier, Government Regulatory Bodies, Private Research Organizations, Government Research Organization and Others