The European electric lighting equipment production landscape in 2024 showcases Italy, Czech Republic, and Germany as the leaders, with Italy valued at €3.71 billion. The Czech Republic follows closely at €3.46 billion, showing a robust 4.42% year-on-year growth in 2023. Germany, despite being a major player, observed a notable decline of -9.64%. Other significant contributors include Spain, the United Kingdom, and the Netherlands, with moderate growth. Interestingly, countries like Malta and Serbia exhibited remarkable growth rates of 71.55% and 51.39%, respectively, indicating a surge in production activities despite their smaller market sizes. Conversely, Hungary and Ireland faced substantial declines.
For future trends, watch for the advancement in energy-efficient technologies and IoT integration in lighting systems, which may boost production in technologically adaptive countries like Germany and the Netherlands. Additionally, Eastern European countries might continue their upward trajectory as they increasingly attract manufacturing investments.
Top countries in Electric Lighting Equipment Production Value by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 3,710 | 2023 | +6.92% | +1.18% | View data |
| 2 | 2 Czech Republic | 3,460 | 2023 | +8.62% | +4.42% | View data |
| 3 | 3 Germany | 3,380 | 2023 | -13.63% | -9.64% | View data |
| 4 | 4 Spain | 2,930 | 2023 | +8.22% | +0.55% | View data |
| 5 | 5 United Kingdom | 2,280 | 2023 | +0.46% | +1.8% | View data |
| 6 | 6 Netherlands | 2,200 | 2023 | +2.89% | +2.78% | View data |
| 7 | 7 France | 1,940 | 2023 | +0.68% | +0.16% | View data |
| 8 | 8 Poland | 1,900 | 2023 | +1.81% | +0.33% | View data |
| 9 | 9 Austria | 1,520 | 2023 | +3.89% | +0.65% | View data |
| 10 | 10 Slovakia | 1,330 | 2023 | +9.58% | +3.3% | View data |
