The European Electric Lighting Equipment turnover showed variance across different countries in 2023. Germany led with a turnover of €5.21 billion but experienced a decline of 8.95%. In contrast, other countries like the Netherlands, the Czech Republic, and Serbia saw positive growth rates at 3.47%, 4.95%, and 49.47% respectively. Notably, while Italy and Poland posted modest gains, France faced a notable decrease of 7.55%. Emerging markets such as Romania and Malta showed impressive year-on-year growth of 9.77% and 26.86% respectively, indicating a burgeoning potential in Eastern European markets.
Future trends to watch in European Electric Lighting Equipment turnover include potential continued growth in Eastern European countries, driven by increasing demand for energy-efficient lighting solutions. The decline in traditional markets like Germany and France suggests a need for innovation to regain competitiveness. Additionally, the industry's move towards smart lighting technology and sustainable solutions may shift market dynamics, thereby influencing turnover trends across the continent.
Top countries in Electric Lighting Equipment Turnover by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 5,210 | 2023 | -10.26% | -8.95% | View data |
| 2 | 2 Netherlands | 3,900 | 2023 | +3.64% | +3.47% | View data |
| 3 | 3 Italy | 3,700 | 2023 | +7.14% | +1.89% | View data |
| 4 | 4 Czech Republic | 3,170 | 2023 | +8.77% | +4.95% | View data |
| 5 | 5 Poland | 2,930 | 2023 | +2.55% | +1.82% | View data |
| 6 | 6 Spain | 2,870 | 2023 | +7.92% | +0.24% | View data |
| 7 | 7 United Kingdom | 2,570 | 2023 | +0.71% | +2.23% | View data |
| 8 | 8 Austria | 2,000 | 2023 | +4.35% | +3.6% | View data |
| 9 | 9 France | 1,500 | 2023 | -10.36% | -7.55% | View data |
| 10 | 10 Slovakia | 1,320 | 2023 | +9.44% | +3.25% | View data |
