Forecast: Electric Lighting Equipment Number of Persons Employed in Belgium

From 2013 to 2023, the number of persons employed in Belgium's electric lighting equipment sector displayed a general downward trend. The workforce shrank from 3.37 thousand employees in 2013 to 2.31 thousand employees in 2023, marking a consistent decline over the years. Year-on-year variation highlighted occasional anomalies, with particularly significant reductions in 2014 and 2016, while there was notable growth only in 2015. The last CAGR indicates an average annual reduction of 4.12% over the past five years. Forecasts from 2024 to 2028 project a continued decrease, with a forecasted 5-year CAGR of -5.17% and an overall decline of 23.3% by 2028.

Future trends to watch for:

  • Impact of technological advancements on employment dynamics.
  • Potential shifts in EU regulatory policies affecting the lighting industry.
  • Adaptation of the workforce to sustainable and energy-efficient lighting solutions.
  • Economic factors influencing investment in the sector.
  • Global supply chain fluctuations and their impact on local employment.

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