In 2023, the sold production of electric lighting equipment in Belgium stood at 123.86 million Euros. Forecasts for 2024 to 2028 suggest a consistent upward trend, with values rising from 126.58 million Euros in 2024 to 137.58 million Euros in 2028. The year-on-year percentage growth from 2023 to 2024 is approximately 2.2%. For the years 2025 and 2026, we see an increase of 2.2% and 2.1% respectively. The compound annual growth rate (CAGR) over this five-year period is about 2.1%. This indicates a steady growth trajectory in the electric lighting equipment market.

Future trends to watch for:

Advancements in energy-efficient lighting technologies.
Increasing use of smart lighting systems in both residential and commercial spaces.
Regulatory changes promoting sustainable and eco-friendly lighting solutions.
Impact of emerging markets and export demands on production volumes.