The European electric lighting equipment market in 2023 saw Italy leading with a production value share of 12.85 million euros, followed closely by the Czech Republic and Germany. While Germany experienced a notable decline of 9.64% year-on-year, the Czech Republic showed significant growth of 4.42%. The United Kingdom and the Netherlands experienced moderate increases, whereas Belgium and Switzerland faced declines. Notably, Serbia and Malta registered remarkable growth rates of 51.39% and 71.55% respectively, indicating an emerging market presence.
Looking forward, future trends in the European electric lighting equipment market may focus on sustainability and energy efficiency, driving demand for LED innovations and smart lighting solutions. Growing environmental regulations and technological advancements could significantly influence production value shares among countries across Europe.
Top countries in Electric Lighting Equipment Production Value Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 12.85 | 2023 | +6.92% | +1.18% | View data |
| 2 | 2 Czech Republic | 12 | 2023 | +8.62% | +4.42% | View data |
| 3 | 3 Germany | 11.74 | 2023 | -13.63% | -9.64% | View data |
| 4 | 4 Spain | 10.15 | 2023 | +8.22% | +0.55% | View data |
| 5 | 5 United Kingdom | 7.92 | 2023 | +0.46% | +1.8% | View data |
| 6 | 6 Netherlands | 7.64 | 2023 | +2.89% | +2.78% | View data |
| 7 | 7 France | 6.72 | 2023 | +0.68% | +0.16% | View data |
| 8 | 8 Poland | 6.6 | 2023 | +1.81% | +0.33% | View data |
| 9 | 9 Austria | 5.27 | 2023 | +3.89% | +0.65% | View data |
| 10 | 10 Slovakia | 4.6 | 2023 | +9.58% | +3.3% | View data |
