Employment in the Manufacture of Electric Lighting Equipment sector in the Netherlands has shown a mixed trend over the past decade. Following a decline from 2013 to 2015, there was a significant increase in 2016 by 22.19%. However, this was followed by fluctuating values with notable declines in 2018 and 2020. Recent years have seen a more stable trend, with incremental year-on-year increases, such as 0.66% in both 2022 and 2023. As of 2023, the employment figure stands at 4.88 Thousand FTEs. The compound annual growth rate (CAGR) for the last five years up to 2023 is 1.63%.
Looking ahead, the forecasted employment figures suggest a steady growth pattern with the CAGR for the next five years projected at 0.5%. By 2028, the employment in this sector is expected to reach 5.04 Thousand FTEs, representing an overall growth rate of 2.5% from 2023.
Future trends to watch for:
- Technological advancements in electric lighting equipment that could impact employment needs.
- Policy changes related to renewable energy and energy efficiency which may influence this sector's growth.
- Market demand shifts towards smart lighting solutions and their impact on workforce dynamics.
