The sold production of semiconductor Light Emitting Diodes (LEDs) in Spain has demonstrated significant growth, with substantial year-on-year variations. From 2014 to 2023, the value increased from €3.765 million to €19.474 million. Notable fluctuations include a 64.08% rise in 2015 and a 77.4% increase in 2016, before a decline of 17.36% in 2017. Subsequent years saw more stability, with a major spike in 2021 at 72.98% and more moderate growth of 9.44% in 2023. The CAGR over the past five years stands at 11.65%. Future projections indicate continued strong growth, with a forecast CAGR of 5.5% and overall growth of 30.69% by 2028.
Future trends to watch for:
• Increasing demand for energy-efficient lighting solutions
• Technological advancements driving LED innovation
• Market expansion into new applications beyond traditional lighting
• Growing government and regulatory support for sustainable solutions
