The electric lighting equipment market in Spain has shown a steady decline from 2012 to 2022, witnessing a sharp decline by the end of the decade. Specifically, the market size volume per capita decreased from 5.54 in 2012 to 1.6 in 2022. Year-on-year, the period between 2021 and 2022 saw a decline of about 20.4%, while the average annual drop (CAGR) over the last five years was approximately 4.4%.
Future trends to watch for include the impact of new energy efficiency regulations, advances in smart lighting technology, and potential increases in demand driven by a rise in construction activities and retrofitting projects, which may influence market patterns post-2024.
