The electric lighting equipment turnover in Germany stood at approximately €4.42 billion in 2023. The market has experienced significant fluctuations over the past decade. From 2013 to 2023, the turnover peaked in 2014 and 2016, but encountered a steady decline from 2017 onwards. This downturn was particularly sharp from 2019 to 2023, with year-on-year declines evident. The CAGR over the past five years leading to 2023 recorded an average annual decreasing rate of approximately 8.95%.
Projected data from 2024 onward shows an accelerating decline, with the market forecasted to drop to around €0.9546 billion by 2028, reflecting a forecasted 5-year CAGR of -23.77%. This points to a considerable contraction in market size, indicating a substantial downturn in the sector’s economic activity.
Future trends to watch for include advancements in energy-efficient lighting technologies, regulatory changes surrounding energy consumption, and the potential impact of emerging smart lighting systems. Furthermore, market players must adapt to shifts in consumer preferences towards more sustainable lighting solutions.
