The Electric Lighting Equipment Market in Belgium saw fluctuating trends between 2012 and 2022. From a high in 2014 with a volume of 5.708 million kilograms, the market experienced notable drops in the following years, reaching a low in 2020 at 3.9875 million kilograms, influenced by a 19.65% year-on-year decline. A subsequent recovery in 2021 followed by a slight decline in 2022 marked the market’s resilience amid volatility. Over the past five years, the CAGR stands at -0.85%, indicating a general downtrend.
Looking into the future, key trends to watch for include the integration of energy-efficient technologies, increased adoption of smart lighting solutions, and the impact of regulatory shifts towards sustainable practices. Additionally, innovations in LED technology and potential shifts in consumer preferences towards eco-friendly products could influence market dynamics significantly.
| # | 7 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 80,634,000 | 2023 | -1% | -1.81% | View data |
| 2 | 2 Netherlands | 10,245,000 | 2023 | +3.77% | +3.02% | View data |
| 3 | 3 Sweden | 8,404,000 | 2023 | +4.59% | +2.73% | View data |
| 4 | 4 Belgium | 4,704,900 | 2023 | -0.68% | +0.89% | |
| 5 | 5 Denmark | 648,080 | 2023 | -3.25% | -2.91% | View data |
| 6 | 6 Croatia | 548,480 | 2023 | +2.24% | +2.55% | View data |
