From 2013 to 2023, Croatia's electric lighting equipment market reported a general upward trend. The market volume stood at 548.48 thousand kilograms in 2023. Notably, the market showed significant growth in 2017, marked by a year-on-year increase of 24.44%. The average annual growth rate over the last five years (2019-2023) was 2.55%. The past two years, 2022 and 2023, experienced modest year-on-year growths of 2.28% and 2.24% respectively, indicating a slowdown in the market expansion.
Going forward, key trends to watch include advancements in energy-efficient lighting technologies, such as LED, and their adoption. The increasing emphasis on smart lighting solutions and government's sustainable energy initiatives will likely stimulate future market growth.
How does Croatia rank in Electric Lighting Equipment Market Size Volume?
| # | 7 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 80,634,000 | 2023 | -1% | -1.81% | View data |
| 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 |
| 6 | 6 Croatia | 548,480 | 2023 | +2.24% | +2.55% | |
| 7 | 7 Estonia | 220,870 | 2023 | +2.85% | +3.02% | View data |
