In 2023, the sold production of electric lighting equipment in Spain stood at 25.957 million items. The forecast for 2024 predicts a value of 26.263 million items, indicating a year-on-year increase of approximately 1.18%. The growth continues steadily in the subsequent years with forecasts of 26.564 million in 2025 (an increase of around 1.15% from 2024), 26.862 million in 2026 (up by 1.12% from 2025), 27.158 million in 2027 (a rise of around 1.10% from 2026), and finally reaching 27.45 million in 2028, marking a 1.08% increase from 2027.
Over the period from 2023 to 2028, the Compound Annual Growth Rate (CAGR) is approximately 1.14%, reflecting a stable, albeit moderate, growth in the sector.
Future trends to watch for in the electric lighting equipment market in Spain include the adoption of energy-efficient technologies, smart lighting solutions, and increased sustainability measures. Innovations in LED technology and rising awareness about energy conservation are likely to drive further growth.
