Based on the provided data, the gross investment in the manufacture of electric lighting equipment in Spain showed significant fluctuations over the past decade. Starting at 49.2 million Euros in 2013, it reached a peak of 114.9 million Euros in 2017, followed by a notable decrease to 59.1 million Euros in 2020. However, there has been a recovery, with the investment standing at 103.5 million Euros in 2023.
Year-on-year analysis highlights periods of both substantial growth, such as the 83.37% increase in 2016, and declines like the 27.07% reduction in 2019. Over the last two years, 2023 saw an 8.72% rise following an 11.21% increase in 2022. The Compound Annual Growth Rate (CAGR) over the last five years was minimal at 0.89%.
The forecast predicts continued moderate growth, with investment expected to reach 126.3 million Euros by 2028, reflecting a five-year CAGR of 3.16%. This growth is projected at a cumulative 16.84% over the forecasted period from 2024 to 2028.
Future trends to watch for:
- Potential technological advancements in lighting equipment.
- Government policies and subsidies supporting green energy investments.
- Global supply chain dynamics affecting raw material costs and availability.
- Consumer demand shifts towards energy-efficient and smart lighting solutions.
