The tungsten halogen filament lamps market for voltages less than 100 V in Spain experienced a decline in market size from 2013 to 2023, with the value dropping to approximately 4.2851 million Euros in 2023. The market saw significant fluctuations, with double-digit year-on-year declines between 2014 and 2018, followed by modest recovery in 2019 and 2020. However, recent years (2021-2023) have shown more volatility, marked by a sharp increase and subsequent declines. The five-year compound annual growth rate (CAGR) from 2019 to 2023 indicates a slight positive average annual growth of 0.22%.
Future trends to watch involve continued technological advancements and energy efficiency regulations prompting a shift towards LED lighting solutions, likely impacting the demand for traditional tungsten halogen filament lamps. Increased consumer awareness and sustainability concerns might accelerate the transition, with a potential decrease in the market for such lamps.
