The production value of electric lighting equipment in the Netherlands has shown a fluctuating trend over the past decade. From 2013's actual value of 1.57 billion euros, the value dipped to 1.37 billion in 2014, followed by periods of growth and decline, and eventually reaching 2.20 billion in 2023. The years 2016 and 2020 saw significant upticks in value, while 2014 and 2018 marked notable declines. In recent years, the growth has stabilized, with 2022 seeing a 3.01% increase and 2023 observing a 2.89% rise in production value. The 5-year CAGR leading up to 2023 was an annual average of 2.78%.
Future trends to watch for include the forecasted annual growth average of 2.01% over the next five years, culminating in an expected production value of 2.50 billion euros by 2028. Key factors likely to influence this trend include technological advancements, regulatory changes, and shifts in consumer preferences towards energy-efficient and smart lighting solutions.
