The electric lighting equipment market in Finland was recorded at €124.22 per capita in 2023. From 2024 onwards, the market is forecasted to show steady growth, reaching €127.43 in 2024 and €141.49 by 2028. The year-on-year growth rates indicate a consistent increase, with 2.78% growth from 2024 to 2025, 2.69% from 2025 to 2026, 2.61% from 2026 to 2027, and 2.52% from 2027 to 2028. The compound annual growth rate (CAGR) over the forecast period from 2024 to 2028 is estimated to be 2.65%.
- 2023: €124.22 per capita
- 2024: €127.43 per capita (+2.58%)
- 2025: €130.98 per capita (+2.78%)
- 2026: €134.5 per capita (+2.69%)
- 2027: €138.01 per capita (+2.61%)
- 2028: €141.49 per capita (+2.52%)
Future trends to watch for include advancements in smart lighting technology, increased adoption of energy-efficient LEDs, and government policies promoting sustainable lighting solutions. The market is expected to continue its upward trend driven by technological innovations and environmental regulations.
