The production of electric lighting equipment in Sweden has shown considerable fluctuation between 2013 and 2023. In 2023, the sold production stood at 1,658.6 thousand items. Over the last two years, the production value has showcased a slight increase from 1,628.3 thousand items in 2022 to 1,658.6 thousand items in 2023, marking a year-on-year increase of 1.86% in 2023. On a broader five-year horizon, the compound annual growth rate (CAGR) reveals an average yearly increase of 8.6%, highlighting notable growth since 2018. The forecast from 2024 to 2028 indicates a more moderate growth trend, with a projected CAGR of 1.35% and an overall growth rate of 6.92% over five years.
Looking ahead, the electric lighting equipment market in Sweden should be monitored for shifts towards energy-efficient lighting solutions, advancements in smart lighting technology, and potential impacts of regulatory changes aimed at sustainability. Market participants should also pay attention to emerging consumer preferences and global supply chain dynamics affecting production costs and availability.
