The import of electric filament or discharge lamps to Canada is projected to decline significantly from $94.68 million in 2024 to $31.671 million in 2028. This represents a downward trend with noticeable annual decreases: -17% from 2024 to 2025, -20% from 2025 to 2026, -25% from 2026 to 2027, and -33% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is expected to be approximately -22%, indicating substantial contraction in the market during this period.
Future trends to watch for include technological advancements leading to the reduced necessity for traditional filament or discharge lamps, increased adoption of energy-efficient alternatives like LEDs, and evolving regulatory standards promoting sustainable lighting solutions. These factors will likely continue influencing the decline in imports.
