The electric lighting equipment market in France has shown varied trends over the past decade. After a slight dip in 2013 and 2014, the market experienced steady growth from 2015 to 2019, with notable year-on-year variations peaking in 2017 at 10.92%. However, 2020 marked a significant downturn due to the pandemic's impact, with a 15.98% decline in market value. This was followed by a strong recovery in 2021 with a 25.03% increase. The latest year-on-year growth for 2023 is 1.62%, positioning the market at 5.0991 Billion Euros for that year. The compound annual growth rate (CAGR) over the last five years stands at 1.89%.
Looking ahead, the forecasted data suggest a sustained but moderate growth trend, with a forecasted CAGR of 1.25% leading to a projected market size of 5.5285 Billion Euros by 2028, representing a growth rate of 6.42% over this period.
Future trends to watch for include advancements in energy-efficient lighting technologies, the impact of smart city initiatives, and regulatory changes regarding sustainability and energy consumption. The integration of IoT technology into lighting systems and emerging smart home trends are expected to drive further market growth.
