Forecast: Number of Persons Employed in Manufacture of Electric Lighting Equipment Sector in Germany

The number of persons employed in the manufacture of electric lighting equipment sector in Germany is forecasted to decline significantly from 19.23 thousand employees in 2024 to 10.53 thousand by 2028. As of 2023, the actual number stood potentially higher, indicating a sharp downward trend. The year-on-year variation shows a persistent decrease in employment, translating to an average Compound Annual Growth Rate (CAGR) decline over these five years.

Trends to watch for include:

  • Automation and technological advancements potentially impacting labor demand.
  • Shifts in energy policy and regulations favoring more eco-friendly technologies.
  • Possible strategic industry shifts or mergers impacting employment levels.

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