The market for discharge lamps, arc lamps, ultra-violet, or infra-red lamps in Sweden experienced fluctuations over the past decade, gradually declining in size. By 2023, the market volume dropped to 8.63 million. There was a notable decrease with year-on-year variations, such as a -16% decline in 2022 followed by a -14.42% decline in 2023. Over the last five years, the average compound annual growth rate (CAGR) was -9.37%, confirming the downtrend in this market segment.
Future trends to watch for:
- Increased adoption of energy-efficient lighting technologies.
- Potential impact of regulatory changes and environmental concerns.
- Emergence of alternative lighting technologies that could further disrupt traditional lamp markets.
