The Electric Lighting Equipment Market Size Volume per Capita in Greece has shown a consistent decline from 3.6 in 2013 to 0.94 in 2023. From 2019 onwards, the market witnessed a significant downward trend, with the value falling notably each year. In 2022 to 2023, the decrease was around 19%, while over the past five years the Compound Annual Growth Rate (CAGR) stands at approximately -7.3% indicating a challenging market environment.
Future trends to watch for include:
- Technological advancements in lighting efficiency, potentially reviving demand.
- Government policies promoting energy-saving solutions.
- Shifts in consumer preferences towards smart and sustainable lighting options.
