The gross investment in the manufacture of electric lighting equipment sector in Norway stood at 27 million Norwegian Krones in 2023. The forecasted data indicates a steady increase in investment over the years, with values rising from 28.1 million in 2024 to 32.1 million by 2028. The year-on-year variation shows an approximate annual increase of around 3.6% to 3.4% from 2024 to 2028. The Compound Annual Growth Rate (CAGR) over the next five years is projected to be around 3.5%.
Future trends to watch for in this sector include:
• Integration of smart lighting systems driven by advancements in IoT technologies.
• Increasing demand for energy-efficient and sustainable lighting solutions.
• Growth in urban infrastructure and development projects fueling the sector’s investment.
• Regulatory changes and incentives promoting green technologies.
