Employment in the manufacture of electric lighting equipment sector in Sweden decreased from 2013 to 2017, hitting a low in 2017 with a CAGR of -2.25%. However, from 2018, a recovery began, showing positive year-on-year growth with an average 1.49% CAGR over the last five years, standing at 2.45 thousand full-time equivalents in 2023. Forecasts from 2024 to 2028 anticipate slight increases, resulting in a modest 0.18% CAGR over the next five years.
Future trends to watch for:
- Adoption of LED and smart lighting technologies driving employment demand.
- Impact of energy efficiency regulations and sustainability initiatives.
- Potential market expansion in response to the growing popularity of eco-friendly products.