The sold production of electric lighting equipment in the Netherlands has seen significant fluctuations from 2013 to 2023. The highest annual value recorded was in 2013 with 236.89M Euros, while the lowest point was in 2021 with 93.876M Euros. Recently, in 2023, the value stood at 164.54M Euros, showing a year-on-year increase of 7.09% and a five-year CAGR of 3.6%. Over the years, the market has experienced considerable volatility with drastic declines in 2014, 2018, and 2020, followed by recovery periods in other years, notably in 2022.
Future trends to watch for include:
- The forecast indicates a slight declining trend with a five-year CAGR of -0.35%, projecting a steady decrease each year up to 2028.- Technological advancements and potential regulatory changes could play a significant role in market dynamics.- Increasing focus on sustainable and energy-efficient lighting solutions.
