In 2023, the sold production of electric lighting equipment in Finland stood at 199.69 million euros. Over the past decade, the industry has experienced fluctuating growth rates, with notable highs in 2017 and lows in 2015. Despite these fluctuations, the overall compound annual growth rate (CAGR) from 2013 to 2023 was relatively modest at 0.27%. Recent data indicates a minor positive trend with year-on-year variations of 1.78% in 2022 and 1.72% in 2023. Looking forward, the forecasted CAGR for the next five years is 1.25%, with an anticipated total growth rate of 6.43% by 2028.

Future trends to watch for:

Technological advancements in energy-efficient lighting solutions.
Increased demand for smart lighting systems integrating IoT.
Potential market disruptions due to regulatory changes and environmental policies.