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.