The Electric Lighting Equipment Market in Croatia experienced growth from 2013 to 2023, with market value reaching 195.88 million Euros. Over the past decade, the market saw significant fluctuations, notably in 2020 with a decline of 9.68% due to global disruptions. The subsequent recovery trend led to moderate year-on-year growth of 3.71% in 2023. The compound annual growth rate (CAGR) over the past five years was 2.15%, indicating stable but modest growth.
Future trends to watch for:
- Adoption of energy-efficient LED lighting solutions.
- Increase in smart lighting systems influenced by smart home technology.
- Potential government initiatives for sustainable energy usage may drive market growth.
How does Croatia rank in Electric Lighting Equipment Market Size Value?
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 5,099,100,000 | 2023 | +1.62% | +1.89% | View data |
| 2 | 2 United Kingdom | 4,683,300,000 | 2023 | +0.16% | -0.76% | View data |
| 3 | 3 Spain | 2,204,400,000 | 2023 | +1.55% | +1.94% | View data |
| 4 | 4 Sweden | 1,203,800,000 | 2023 | +5.61% | -0.11% | View data |
| 5 | 5 Finland | 670,150,000 | 2023 | +2.93% | +1.31% | View data |
| 7 | 7 Portugal | 440,930,000 | 2023 | -0.24% | +0.32% | View data |
| 8 | 8 Ireland | 359,010,000 | 2023 | +3.62% | +3.96% | View data |
| 9 | 9 Croatia | 195,880,000 | 2023 | +3.71% | +2.15% | |
| 10 | 10 Latvia | 62,597,000 | 2023 | +6.8% | +1.82% | View data |
