The forecasted turnover in the Manufacture of Electric Lighting Equipment sector in Norway indicates a steady increase, rising from 2.05 billion Norwegian Krones in 2024 to 2.20 billion Norwegian Krones in 2028. This upward trend demonstrates a consistent growth pattern over the next five years. In terms of year-on-year variation, the growth rates are as follows: 2024 to 2025 shows an increase of approximately 1.95%, 2025 to 2026 an increase of 1.44%, 2026 to 2027 an increase of 1.89%, and 2027 to 2028 an increase of 1.85%. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is around 1.78%.

For context, the sector's turnover in 2023 was 2.00 billion Norwegian Krones. The consistent growth in turnover indicates a positive outlook for the sector.

Future trends to watch for include:

Technological advancements in energy-efficient lighting solutions and smart lighting systems.
Increasing demand for sustainable and environmentally friendly lighting products.
Potential regulatory changes promoting the use of energy-efficient lighting systems.