The electric lighting equipment turnover in the UK for 2023 was 2.58 billion euros. Starting from 2024, the forecasted turnover values are sequential: 2.59 billion euros (2024), 2.6 billion euros (2025), 2.62 billion euros (2026), 2.64 billion euros (2027), and 2.65 billion euros (2028). The year-on-year variation for each forecasted year is as follows: 0.39% increase (2024), 0.38% increase (2025), 0.77% increase (2026), 0.76% increase (2027), and 0.38% increase (2028). This reflects a compound annual growth rate (CAGR) of approximately 0.45% over the five-year period starting from 2023.
Future trends to watch for include advancements in energy-efficient lighting technologies, regulatory changes favoring sustainable products, and the growing adoption of smart lighting systems. These factors may drive further growth in the electric lighting equipment market.
