The Electric Lighting Equipment market in Germany has seen varying trends over the past decade, with a peak in 2017 at 91.078 Million Kilograms and subsequent fluctuations leading to a decrease to 77.083 Million Kilograms in 2022. From 2013 to 2017, the market exhibited positive year-on-year variations, reflecting a period of growth. Since 2018, the industry has shown a general downward trend, with notable declines in 2019 (-11.48%) and slight year-on-year decreases continuing through 2022. The recent five-year CAGR of -3.28% underscores this declining trend.
Future trends to watch for include the potential impact of technological advancements such as smart lighting systems and increased adoption of energy-efficient LED lighting, which could drive market demand. Moreover, regulatory changes and sustainability initiatives may influence market dynamics, making it essential to monitor industry developments closely. The market in 2023 stood in line with the observed trends and projected forecasts.
| # | 7 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 80,634,000 | 2023 | -1% | -1.81% | |
| 2 | 2 Netherlands | 10,245,000 | 2023 | +3.77% | +3.02% | View data |
| 3 | 3 Sweden | 8,404,000 | 2023 | +4.59% | +2.73% | View data |
| 4 | 4 Belgium | 4,704,900 | 2023 | -0.68% | +0.89% | View data |
| 5 | 5 Denmark | 648,080 | 2023 | -3.25% | -2.91% | View data |
