The turnover for electric lighting equipment in Sweden exhibited fluctuations between 2013 and 2023, with notable peaks in 2014 and a significant surge in 2020. In 2023, it stood at 576.8 million Euros. Over the last five years, the turnover saw an average annual increase of 1.65%. Despite some declines in individual years, the recent past shows modest recovery trends with consecutive year-on-year growths of 0.77% in both 2022 and 2023.
Looking forward, the forecasted data predicts steady, albeit slow, growth until 2028 with an average annual growth rate of 0.59%, and an overall growth rate of 2.99% over the five-year period.
Future trends to watch for:
- Technological advancements in lighting solutions.
- Shift towards energy-efficient and sustainable lighting options.
- Market impacts due to regulatory changes related to energy consumption.
- Potential market disruptions from emerging innovative lighting technologies.
