Based on 2024 forecast data, Germany leads the European electric lighting equipment turnover market with €15.45 million, followed by the Netherlands (€11.57 million) and Italy (€10.95 million). Among the top performers, Germany saw a significant decline of -8.95% year-over-year in 2023, while the Netherlands and Czech Republic experienced growth rates of 3.47% and 4.95%, respectively. Romania and Serbia were notable for their high positive variations at 9.77% and 49.47%, respectively, indicating strong emerging markets. Conversely, France and Ireland have shown notable declines of -7.55% and -11.4%, respectively.
Key future trends to watch include:
- Market consolidation in Germany as it navigates persistent declines
- Growth potential in Eastern European markets like Romania and Serbia
- Impact of sustainable and energy-efficient solutions driving innovation in established markets
- Competitive dynamics with fluctuating trends in Western European countries like France and the UK
Top countries in Electric Lighting Equipment Turnover Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 15.45 | 2023 | -10.26% | -8.95% | View data |
| 2 | 2 Netherlands | 11.57 | 2023 | +3.64% | +3.47% | View data |
| 3 | 3 Italy | 10.95 | 2023 | +7.14% | +1.89% | View data |
| 4 | 4 Czech Republic | 9.4 | 2023 | +8.77% | +4.95% | View data |
| 5 | 5 Poland | 8.68 | 2023 | +2.55% | +1.82% | View data |
| 6 | 6 Spain | 8.51 | 2023 | +7.92% | +0.24% | View data |
| 7 | 7 United Kingdom | 7.61 | 2023 | +0.71% | +2.23% | View data |
| 8 | 8 Austria | 5.93 | 2023 | +4.35% | +3.6% | View data |
| 9 | 9 France | 4.44 | 2023 | -10.36% | -7.55% | View data |
| 10 | 10 Slovakia | 3.9 | 2023 | +9.44% | +3.25% | View data |
