The forecast for Electric Lighting Equipment Hours Worked in Norway shows a consistent downward trend from 2024 to 2028. In 2023, the actual value stood at 720.65 thousand hours. From 2024 to 2025, the hours are anticipated to drop by 5.15%. Continuing this trend, a year-on-year decrease of 5.36% is forecasted for 2026 compared to 2025, a 5.61% reduction in 2027 compared to 2026, and a 5.89% decline from 2027 to 2028. Over these five years, the Compound Annual Growth Rate (CAGR) shows an average annual decrease of 5.5%.
Future trends to watch for include the impact of further automation and technological advancements in manufacturing processes, potentially leading to reduced labor hours. Changes in regulatory standards, energy efficiency drives, and market demand for innovative lighting solutions will also significantly influence labor requirements.
