In 2024, Italy leads Europe in high growth electric lighting enterprises with 53, followed by Portugal, the Czech Republic, Hungary, and Lithuania. The 2023 variations indicate Lithuania experienced significant growth at 15.83%, while Slovakia and Romania faced declines at -2.64% and -7.79%, respectively. Other countries showed modest increases, with Portugal growing by 4.36% and Italy by 2.87%.
Throughout the past five years, Lithuania shows remarkable overall growth, whereas Romania appears to struggle. Hungary and Czech Republic demonstrate steady progress, while Slovakia needs to address declining trends. Future trends to watch in Europe:
- The potential resurgence of struggling markets like Romania and Slovakia.
- Italy's evolving leadership and sustainable initiatives in lighting technology.
- Continued innovation trends in Mediterranean countries like Portugal.
- Investment opportunities in emerging markets with significant potential, such as the Baltic states.
Top countries in Number of High Growth Enterprises in Electric Lighting Equipment by Country
| # | 8 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 53 | 2023 | +15.22% | +2.87% | View data |
| 2 | 2 Portugal | 13 | 2023 | +18.18% | +4.36% | View data |
| 3 | 3 Czech Republic | 12 | 2023 | +9.09% | +3.71% | View data |
| 4 | 4 Hungary | 9 | 2023 | 0% | +2.38% | View data |
| 5 | 5 Lithuania | 9 | 2023 | +12.5% | +15.83% | View data |
| 6 | 6 Slovakia | 7 | 2023 | +16.67% | -2.64% | View data |
| 7 | 7 Latvia | 4 | 2023 | +33.33% | View data | |
| 8 | 8 Romania | 2 | 2023 | 0% | -7.79% | View data |
