In 2023, the European Electric Lighting Equipment industry exhibited diverse trends in wages and salaries across countries. Germany leads with 802.7 million Euros despite a significant decline of 10.54%. Conversely, Hungary experienced the most considerable growth at 12.04%, reaching 162.8 million Euros. Serbia saw a remarkable 40% increase, although it stands at a modest 23.6 million Euros. Countries like Italy, Czech Republic, and Poland noted positive trends with modest increases. However, countries such as France and Belgium faced declines, with reductions of 5.35% and 6.06% respectively. Switzerland and Sweden displayed minor variations, while countries like Greece, Iceland, and Macedonia experienced substantial drops.
Future trends to monitor include the potential steady rise in countries like Slovakia and Latvia, indicating emergent markets within the region. The industry's overall growth could be influenced by technological advancements, economic conditions, and labor market dynamics in different countries. Attention should also be given to economic policies and investments in green technologies, driving country-specific wage trends in the electric lighting equipment sector.
Top countries in Electric Lighting Equipment Wages and Salaries by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 802.7 | 2023 | -12.66% | -10.54% | View data |
| 2 | 2 Italy | 511.3 | 2023 | +7.85% | +2.61% | View data |
| 3 | 3 United Kingdom | 445.9 | 2023 | -0.16% | +0.83% | View data |
| 4 | 4 Netherlands | 395.3 | 2023 | +0.77% | +2.15% | View data |
| 5 | 5 Austria | 337.2 | 2023 | +3.85% | +2.01% | View data |
| 6 | 6 Spain | 330.4 | 2023 | +3.28% | -1.43% | View data |
| 7 | 7 Czech Republic | 303.8 | 2023 | +4.54% | +2.81% | View data |
| 8 | 8 France | 294.3 | 2023 | -4.78% | -5.35% | View data |
| 9 | 9 Poland | 268 | 2023 | +2.72% | +2.62% | View data |
| 10 | 10 Slovakia | 186.7 | 2023 | +9.44% | +6.15% | View data |
