The turnover in the Manufacture of Electric Lighting Equipment sector in the Netherlands exhibited fluctuating growth from 2013 to 2023, with values rising from 2.34 billion euros in 2013 to 3.9 billion euros in 2023. The year-on-year variation showed significant fluctuations, with a steep increase of 25.85% in 2016 followed by a modest growth of 3.64% in 2023. Over the last five years, the compound annual growth rate (CAGR) stood at 3.47%, indicating a consistent upward trend in recent years.
Forecasts from 2024 to 2028 predict a steady increase in turnover, peaking at 4.57 billion euros by 2028, with a forecasted 5-year CAGR of 2.49%. This marks an overall positive growth expectation, albeit at a slightly moderated pace compared to previous years.
Future trends to watch for include:
- Technological advancements in energy-efficient lighting.
- Increasing demand for smart lighting solutions.
- Growing environmental regulations affecting manufacturing processes.
- Potential market impacts from economic fluctuations and global trade dynamics.
