Forecast: Turnover in Manufacture of Electric Lighting Equipment Sector in Germany

The turnover in Germany's electric lighting equipment manufacturing sector has experienced significant fluctuations over the past decade. Between 2013 and 2016, the sector saw notable year-on-year increases, with intermittent declines. The peak was recorded in 2016. However, from 2017 onwards, a downward trend began, accelerating in 2019 and reaching a low in 2020. A brief upturn occurred in 2021, but the decline resumed through 2023, where the turnover stood at €4.42 billion.

From 2023 to 2028, the forecast indicates a continued sharp decline, with a predicted fall to €0.9546 billion by 2028. This translates to a forecasted 5-year Compound Annual Growth Rate (CAGR) of -23.77% and an overall reduction of 74.27% over these five years.

Future trends to watch for in the sector include:

  • Advancements in energy-efficient lighting systems.
  • Impact of regulatory changes promoting sustainable lighting solutions.
  • Technological disruptions such as smart lighting and IoT integration.
  • Market dynamics driven by evolving consumer preferences and global competition.
  • Potential effects of economic conditions and energy prices on production and demand.

Top Countries about LED