The gross investment in the manufacture of electric lighting equipment sector in Finland showed significant variability between 2013 and 2023. The value stood at 14.5 million Euros in 2023. Year-on-year variations fluctuated widely, with notable peaks such as the 194.55% increase in 2014 and significant drops like the -65.71% in 2020. The compound annual growth rate (CAGR) also reflected this volatility, ranging from -16.32% in 2020 to growth figures like 18.41% in 2016.
However, the last two years have shown a stable positive trend with a 34.44% increase in 2022 and 19.83% in 2023. The five-year CAGR leading up to 2023 was approximately 10.25%, indicating an overall positive trend despite the fluctuations.
Going forward, the forecast for the sector from 2024 to 2028 suggests a more steady growth with a 5-year CAGR of 2.66% and an overall growth rate of 14%, reaching an investment value of 17.1 million Euros by 2028.
Future Trends to Watch For:
- Technological advancements driving efficiency in manufacturing processes.
- Growing emphasis on sustainable and energy-efficient lighting solutions.
- Potential impact of regulatory changes and government incentives on sector investments.
- Global supply chain dynamics affecting production costs and investment decisions.
