From 2013 to 2023, the electric lighting equipment production value in France exhibited significant fluctuations. In 2013, the value stood at €2.69 billion, dropping to €1.93 billion in 2014, then experienced minor changes until peaking again in 2017 at €2.16 billion. The trend turned negative with a slight rebound in 2019 at €2.1 billion, before falling to €1.84 billion in 2020. By 2023, the production value was €1.94 billion. Year-on-year variations averaged around 0.68% from 2022 to 2023, while the CAGR for the last 5 years showed negligible growth at 0.16%.
Looking ahead, 2024-2028 projections anticipate a 1.56% average annual decline, with a total forecasted reduction of 7.54%. This suggests a contraction trend in the near future, declining to €1.76 billion by 2028.
Future trends to watch for:
- Technological advancements and innovation in LED and smart lighting solutions- Sustainability and eco-friendly lighting products driving market shifts- The impact of regulatory changes and policies on production and market dynamics- Expanding markets and export opportunities outside of Europe
