The Electric Lighting Equipment Market in Latvia has witnessed varied growth trends per capita from 2013 to 2023. In 2023, the market stood at 28.89 Euros per capita, marking a noticeable increase compared to 2022, with a year-on-year rise of 4.03%. Analyzing the five-year period from 2018 to 2023, the compound annual growth rate (CAGR) was approximately 0.83%, indicating modest average growth despite fluctuations.
Future trends to watch for in Latvia include advancements in smart lighting technology and increased efficiency of LED systems, potentially driving market demand and value per capita. The adoption of energy-efficient solutions driven by environmental policies might further influence future market dynamics.
How does Latvia rank in Electric Lighting Equipment Market Size Value Per Capita?
| # | 10 Countries | Euros Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Finland | 123.87 | 2023 | View data | ||
| 2 | 2 Sweden | 101.77 | 2023 | View data | ||
| 3 | 3 Denmark | 99.61 | 2023 | View data | ||
| 4 | 4 France | 75.41 | 2023 | View data | ||
| 5 | 5 Ireland | 72.44 | 2023 | View data | ||
| 8 | 8 Spain | 46.77 | 2023 | View data | ||
| 9 | 9 Portugal | 45.21 | 2023 | View data | ||
| 10 | 10 Latvia | 28.89 | 2023 | |||
