The sold production of electric lighting equipment in France has experienced notable fluctuations from 2013 to 2023. Notably, production peaked at €1.95 billion in 2017 but then saw significant declines, especially during 2020 and 2021 due to economic disruptions. By 2023, values rebounded to €1.977 billion, marking a 5.58% year-on-year growth from 2022. The average yearly variation over the last five years, or the CAGR, stands at 0.98%, indicating modest growth.
Looking ahead, forecasted data suggest a consistent upward trend, with production expected to rise steadily each year, reaching €2.1223 billion by 2028. The forecasted average annual growth rate over the next five years is estimated at 1.13%.
Future trends to watch for in this sector include advancements in LED technology, increasing adoption of smart lighting solutions, and the potential impact of sustainability regulations. These factors could drive both innovation and market expansion, influencing the production volumes and value within the industry.
