From 2012 to 2022, the Electric Lighting Equipment Market Size Volume Per Capita in Spain showed a steady decline, starting from 5.54% in 2012 and falling to 1.6% in 2022. The largest year-on-year decreases occurred between 2015 and 2016 (-13.44%), and 2019 to 2020 (-14.42%). Interestingly, 2021 saw a minor recovery with a year-on-year increase of 9.24% compared to 2020. However, this was not sustained, as the value again decreased by 20.4% in 2022. The compound annual growth rate (CAGR) from 2018 to 2022 was approximately -9.65%, indicating a consistent downward trend.
Future trends to watch for in this market involve increasing adoption of energy-efficient LED lighting, broader implementation of smart lighting systems, and potential regulatory changes promoting sustainable lighting solutions. Additionally, market recovery could be stimulated by advancements in technology and economic stabilization.
