Forecast: Electric Lighting Equipment Turnover in Poland

From 2013 to 2023, the Electric Lighting Equipment turnover in Poland demonstrated a growth trajectory, increasing from €1.67 billion to €2.93 billion. The rate of growth fluctuated significantly, peaking in 2016 with a year-on-year increase of 20.87%. Post-2017, the growth rate saw a general decline, stabilizing around 2.55% in 2023. The compound annual growth rate (CAGR) over the last five years was 1.82%, indicating a slowing but steady upward trend.

For the forecast period from 2024 to 2028, the turnover is expected to continue increasing, reaching €3.27 billion by 2028. The anticipated CAGR for this period is 1.75%, translating to a forecasted growth rate of 9.05% over five years.

Future trends to watch for:

  • Technological advancements in lighting equipment.
  • Government policies promoting energy-efficient solutions.
  • Potential market disruptions from new entrants and innovations.
  • Economic factors affecting consumer and business spending.
  • Environmental sustainability driving changes in product offerings and market demand.

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