The employment in the manufacture of electric lighting equipment sector in Spain has shown significant fluctuations over the past decade. From 2013 to 2018, the sector experienced a robust growth with a peak employment in 2018. However, since 2019, the sector has seen a consistent decline. As of 2023, the employment stood at 9.19 thousand FTEs, representing a year-on-year decrease of 1.17%. Over the past 5 years, the average annual growth rate (CAGR) was -3.64%.

Future projections indicate a continuing downward trend with employment expected to reach 8.66 thousand FTEs by 2028. The forecasted 5-year CAGR is -0.95% with an overall growth rate of -4.66% from 2024 to 2028.

Future trends to watch for:

Advancements in energy-efficient lighting technologies and their impact on the industry.
Government policies and incentives promoting renewable energy and sustainable manufacturing.
Shifts in global supply chains and potential impacts of economic factors on the sector.