Asia Pacific crystal lighting market demand would continue to accelerate on account of factors

such as government intiatives towards energy efficient lighting,increasing smart cities,increasing

population,increasing investment in hotels and restaurants.growing urbanization and growing
access of electricity in rural areas.Further, factors such as rapid economic growth, technological
advancement,increasing purchasing power and increasing manufacturing facility. Additionally,
the high competiton in market with small variation in the product and disparity in prices thus
make difficulty in sourcing can restrain the growth of Asia Pacific crystal lighting market. In
addition, due to the outbreak of coronavirus, it has caused supply chain disruptions and also
consumers are not preferring costly lightings.

According to 6Wresearch, Asia Pacific crystal lighting market size is projected to

witness considerable growth during 2020-26. Currently, China and India have the fastest
CAGR and increasing exports over the forecasted period. Additionally country like Japan is
projected to grow with a significant CAGR in the forecasted period as there is a high demand of
products especially energy efficient crystal lightings. In additon countries like china ,Thailand
,India,Srilanka and Maldives they are becoming tourist destinations and gaining pupularity to
drive the demand.Further,South korea is the fastest growing country in the lighting market and
there is increase in demand for energy saving and enivorment friendly lighting solution in South
korea also.

The commercial segment witnessed the maximum deployment of crystal lighting market,

followed by the residential sector. This could be attributed by increasing no of hotels, shopping
malls, hospitals, commercial buildings and restaurants which drive the demand of crystal lighting
in the region.Residential segment is also growing at a high CAGR .Additonally,the residential
sector is also dominating segment because of rise in urbanization,increase in luxury homes,rising
consumer spending on home décor interiors and increase in smart cities project will drive the
growth in segment.

Some of the key players in the crystal lighting market are Baccarat,OSRAM lighting, Osgona,
Diamond Life Group,Australian Lamp Decoration, Kingdery, Asfour Crystal, Wranovsky

The Asia Pacific crystal lighting the market report thoroughly covers the market by product type,
end-user/application, and countries including India, China, Japan, Thailand,Singapore and
Australia. The Asia Pacific crystal lighting market outlook provides various trends in market
development. The detailed analysis of the ongoing Asia Pacific crystal lighting market drivers
and challenges will help the companies to make strategy for the long term basis.