Italy leads the European electric lighting equipment market with 29.16% of enterprises, significantly outpacing Germany and France, which hold the next largest shares at around 10.09% and 9.33%, respectively. Belgium saw the highest growth rate in 2023, increasing by 22.55%, while Italy also experienced a considerable increase of 17.32%. Countries like Spain and Greece faced declines, with Spain dropping by 1.97%. Eastern European countries like Latvia and Estonia showed positive growth, indicating potential expansion in those regions.
Looking forward, expect continued growth in Italy and Belgium, driven by demand for efficient lighting solutions. Eastern Europe, particularly Latvia and Estonia, may become emerging markets in the industry. Challenges remain, such as fluctuating economic conditions and technological advancements rapidly changing the landscape. Monitoring sustainability trends and manufacturing innovations will be critical to staying competitive. Watch for potential policy changes within the EU that could impact enterprise dynamics across countries.
Top countries in Electric Lighting Equipment Number of Enterprises Share by Country (Units (Enterprises))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 29.16 | 2023 | +17.43% | +17.32% | View data |
| 2 | 2 Germany | 10.09 | 2023 | +1.28% | +1.36% | View data |
| 3 | 3 France | 9.33 | 2023 | +0.63% | +1.19% | View data |
| 4 | 4 Poland | 7.57 | 2023 | +0.65% | +0.13% | View data |
| 5 | 5 United Kingdom | 7.52 | 2023 | +0.66% | +0.69% | View data |
| 6 | 6 Spain | 4.5 | 2023 | -0.65% | -1.97% | View data |
| 7 | 7 Netherlands | 4.39 | 2023 | +3% | +3.19% | View data |
| 8 | 8 Belgium | 3.8 | 2023 | +11.21% | +22.55% | View data |
| 9 | 9 Greece | 2.98 | 2023 | -1.3% | -1.93% | View data |
| 10 | 10 Czech Republic | 1.82 | 2023 | -7.5% | -6.36% | View data |
