The number of persons employed in the electric lighting equipment sector in Austria has shown a general upward trend from 2013 to 2023, reflecting an overall health in the sector. In 2023, the employment stood at 7.16 thousand employees. The variations over the last two years reveal a 2.99% growth in 2023 and 3.14% in 2022. Over the past five years, the sector experienced a CAGR of 1.71%, indicating moderate but consistent growth.
Going forward, the forecast indicates continued growth in employment, with a forecasted 5-year CAGR of 2.07% and an overall 10.8% growth by 2028. Trends to watch for in the future include advancements in LED technology, increasing energy efficiency standards, and the potential impacts of automation on job numbers.
