The employment in the UK's manufacture of electric lighting equipment sector showed a fluctuating trend from 2013 to 2023. Starting at 13.77 thousand FTEs in 2013, it decreased to 12.55 thousand in 2016, followed by a significant rise to 15.83 thousand in 2017. From 2017 to 2023, the employment figure maintained a steady year-on-year increase, reaching 15.22 thousand FTEs in 2023. Notable variations include a peak year-on-year increase of 26.15% in 2017, and a more moderate but consistent rise of about 0.67% in 2023. The 5-year CAGR from 2018 to 2023 averages at 0.87%.
Looking ahead, the forecast indicates a continuous but modest increase in employment, with a 5-year CAGR projected at 0.48% and an overall growth rate of 2.45% by 2028.
Future trends to watch for include:
- Advancements in energy-efficient lighting technologies
- Government policies supporting green energy solutions
- Potential impacts of automation and AI on manufacturing jobs
- Market shifts towards smart lighting systems
