The production in the Manufacture of Electric Lighting Equipment sector in the Netherlands showed fluctuating trends between 2013 and 2023, with a value nearing 2.2 billion Euros in 2023. Initial years exhibited significant variations, and the trend stabilizing after 2018 with moderate positive growth. The sector grew on average by 2.78% per year over the last five years, showing resilience and gradual recovery.
In 2023, the year-on-year growth was 2.89%, indicating steady expansion in the sector. The forecast for the upcoming years remains positive with continuous growth expected at an average annual rate (CAGR) of 2.01% by 2028, projecting a cumulative growth rate of 10.46% over this period.
Future trends to watch for include advancements in LED technology, increasing demand for energy-efficient lighting solutions, and potential impacts of greener government policies stimulating industry innovations and production capacity enhancements.
