The electric lighting equipment wages and salaries in France have seen significant fluctuations from 2013 to 2023. In 2013, the wages and salaries stood at 633.7 million Euros, declining sharply by 41.52% in 2014 to 370.6 million Euros. A recovery trend was noticed in 2017 with a 14.12% increase to 445.3 million Euros. However, from 2019 onwards, the trend shows a consistent decline with minor fluctuations, culminating at 296.6 million Euros in 2023, reflecting a 4.78% decrease from the previous year. The CAGR over the last five years stands at -5.35%, underscoring a continuing downward trend.
Looking ahead, the forecast indicates a continued decline in wages and salaries with a 5-year CAGR of -3.47% reaching 237.0 million Euros by 2028. This suggests a sustained reduction in expenditure on electric lighting equipment wages and salaries.
Future trends to watch for:
- Technological advancements impacting labor productivity.
- Changes in energy regulations influencing the market.
- Market consolidation and potential job reductions.
- Fluctuations in demand for energy-efficient lighting solutions.
- Broader economic conditions and their impact on industrial expenditure.
