The import of indicator panels incorporating LEDs to Germany stood at 920.5 thousand kilograms in 2023. Forecasted volumes from 2024 to 2028 show steady growth: 968.96 (2024), 1017.2 (2025), 1065.0 (2026), 1112.3 (2027), and 1159.1 (2028). This indicates that the market is expected to experience consistent year-on-year growth.
From 2023 to 2024, the volume is forecasted to increase by approximately 5.3%. For 2024 to 2025, the growth is expected to be around 5.0%, and from 2025 to 2026, it is estimated at 4.7%. The following year-on-year growth is projected at 4.4% for 2026 to 2027 and 4.2% for 2027 to 2028.
The Compound Annual Growth Rate (CAGR) over the five-year period (2024-2028) stands at 4.7%.
Future trends to watch for include advancements in LED technology, increasing demand for energy-efficient lighting solutions, and the potential impact of governmental regulations promoting sustainable and eco-friendly products.
