Singapore Crystal Lighting Market (2024-2030) | Value, Growth, COVID-19 IMPACT, Outlook, Companies, Trends, Size, Forecast, Revenue, Analysis, Share & Industry

Market Forecast By Product Type (Ceiling Crystal Lights, Crystal Chandeliers, Others), By Applications (Commercial, Designer, Superior Residential) And Competitive Landscape
Product Code: ETC006287 Publication Date: Jul 2023 Updated Date: Jan 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5
Singapore Crystal Lighting market shipment grew 19.95% in value terms in financial year 2021 in comparison with a decrese of -24.84% in the previous financial year.
Singapore Crystal Lighting Shipment Value (Percentage Growth Over Previous Year)

Singapore Crystal Lighting Market Synopsis

The Singapore crystal lighting market is estimated to reach a value of US$ 6.3 billion by 2026, growing at a CAGR of 4.7% during the forecast period from 2020 to 2026. The booming local construction industry and increasing demand for energy efficient solutions are major driving forces behind the growth of this market in Singapore.

Market Drivers

Growing Demand for Energy-Efficient Solutions: Increasing environmental concerns have led consumers to prefer more energy efficient products over conventional ones, which has been supporting the demand for LED and other advanced crystal lighting solutions across Singapore. This is further expected to drive the growth of this market over the forecast period from 2020-2026. Booming Construction Industry: The construction industry in Singapore is witnessing healthy expansion owing to rising investments and presence of several public infrastructure projects like Changi Airport Terminal 5, Jewel Changi Airport and National Art Gallery among others, which require large amounts of crystal lighting fixtures as part of its interior decoration requirements leading to increased adoption rate among residential as well as commercial users thereby driving up revenue generation opportunities within this market space during the assessment period from 2020-2026.

Market challenges

High Initial Costs associated with Crystal Lighting Fixtures : Although crystal lighting solutions offer higher efficiency & longer life compared to traditional incandescent & fluorescent bulbs they come at relatively high initial cost due primarily due lack availability since majority suppliers are based out China making them unaffordable luxury product in most parts Asia pacific excluding few countries such Japan & South Korea thereby hindering their penetration into mid end markets.

Key players

Some key players operating within Singapore Crystal Lighting Market include Osram Licht AG, Philips Lighting Holding BV, Havells India Ltd., GE Appliances (Haier Group), Syska LED Lights Pvt ltd., Crompton Greaves Ltd., Havells Sylvania International Ltd., Eaton Corporation Plc.

Covid-19 Impact

The Covid-19 pandemic played havoc on economy world wide disrupting supply chain operations affecting production/supply capacity leading shortage certain raw materials required manufacture these lights resulting delayed shipments supply points.Furthermore social distancing norms coupled lockdown restrictions impacted manufacturing activities adversely hampering overall business prospects within this sector during year 2020.However situation likely improve gradually once situation normalizes post covid19 pandemic resulting gradual rise demand these products especially when pent up demands kick back 2021 onwards.

Key Highlights of the Report:

  • Singapore Crystal Lighting Market Outlook
  • Market Size of Singapore Crystal Lighting Market, 2023
  • Forecast of Singapore Crystal Lighting Market, 2030
  • Historical Data and Forecast of Singapore Crystal Lighting Revenues & Volume for the Period 2020-2030
  • Singapore Crystal Lighting Market Trend Evolution
  • Singapore Crystal Lighting Market Drivers and Challenges
  • Singapore Crystal Lighting Price Trends
  • Singapore Crystal Lighting Porter's Five Forces
  • Singapore Crystal Lighting Industry Life Cycle
  • Historical Data and Forecast of Singapore Crystal Lighting Market Revenues & Volume By Product Type for the Period 2020-2030
  • Historical Data and Forecast of Singapore Crystal Lighting Market Revenues & Volume By Ceiling Crystal Lights for the Period 2020-2030
  • Historical Data and Forecast of Singapore Crystal Lighting Market Revenues & Volume By Crystal Chandeliers for the Period 2020-2030
  • Historical Data and Forecast of Singapore Crystal Lighting Market Revenues & Volume By Others for the Period 2020-2030
  • Historical Data and Forecast of Singapore Crystal Lighting Market Revenues & Volume By Applications for the Period 2020-2030
  • Historical Data and Forecast of Singapore Crystal Lighting Market Revenues & Volume By Commercial for the Period 2020-2030
  • Historical Data and Forecast of Singapore Crystal Lighting Market Revenues & Volume By Designer for the Period 2020-2030
  • Historical Data and Forecast of Singapore Crystal Lighting Market Revenues & Volume By Superior Residential for the Period 2020-2030
  • Singapore Crystal Lighting Import Export Trade Statistics
  • Market Opportunity Assessment By Product Type
  • Market Opportunity Assessment By Applications
  • Singapore Crystal Lighting Top Companies Market Share
  • Singapore Crystal Lighting Competitive Benchmarking By Technical and Operational Parameters
  • Singapore Crystal Lighting Company Profiles
  • Singapore Crystal Lighting Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
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1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 Singapore Crystal Lighting Market Overview

3.1 Singapore Country Macro Economic Indicators

3.2 Singapore Crystal Lighting Market Revenues & Volume, 2020 & 2030F

3.3 Singapore Crystal Lighting Market - Industry Life Cycle

3.4 Singapore Crystal Lighting Market - Porter's Five Forces

3.5 Singapore Crystal Lighting Market Revenues & Volume Share, By Product Type, 2020 & 2030F

3.6 Singapore Crystal Lighting Market Revenues & Volume Share, By Applications, 2020 & 2030F

4 Singapore Crystal Lighting Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 Singapore Crystal Lighting Market Trends

6 Singapore Crystal Lighting Market, By Types

6.1 Singapore Crystal Lighting Market, By Product Type

6.1.1 Overview and Analysis

6.1.2 Singapore Crystal Lighting Market Revenues & Volume, By Product Type, 2020-2030F

6.1.3 Singapore Crystal Lighting Market Revenues & Volume, By Ceiling Crystal Lights, 2020-2030F

6.1.4 Singapore Crystal Lighting Market Revenues & Volume, By Crystal Chandeliers, 2020-2030F

6.1.5 Singapore Crystal Lighting Market Revenues & Volume, By Others, 2020-2030F

6.2 Singapore Crystal Lighting Market, By Applications

6.2.1 Overview and Analysis

6.2.2 Singapore Crystal Lighting Market Revenues & Volume, By Commercial, 2020-2030F

6.2.3 Singapore Crystal Lighting Market Revenues & Volume, By Designer, 2020-2030F

6.2.4 Singapore Crystal Lighting Market Revenues & Volume, By Superior Residential, 2020-2030F

7 Singapore Crystal Lighting Market Import-Export Trade Statistics

7.1 Singapore Crystal Lighting Market Export to Major Countries

7.2 Singapore Crystal Lighting Market Imports from Major Countries

8 Singapore Crystal Lighting Market Key Performance Indicators

9 Singapore Crystal Lighting Market - Opportunity Assessment

9.1 Singapore Crystal Lighting Market Opportunity Assessment, By Product Type, 2020 & 2030F

9.2 Singapore Crystal Lighting Market Opportunity Assessment, By Applications, 2020 & 2030F

10 Singapore Crystal Lighting Market - Competitive Landscape

10.1 Singapore Crystal Lighting Market Revenue Share, By Companies, 2023

10.2 Singapore Crystal Lighting Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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