The electric lighting equipment turnover in the Netherlands has shown a general upward trend from 2013 to 2023, despite some fluctuations. Turnover increased significantly from 2.34 billion Euros in 2013 to 3.9 billion Euros in 2023. The market experienced a significant growth spike in 2016, and a slight decline in 2018. The most recent figures indicate stable growth into 2023 with year-on-year increases of 3.81% in 2022 and 3.64% in 2023. The 5-year CAGR stands at 3.47% indicating steady growth.
Future trends to watch for include:
- Continued growth in the sector with an expected CAGR of 2.49% from 2024 to 2028.
- Increasing adoption of energy-efficient and smart lighting solutions as technology advances.
- Possible market disruptions due to regulatory changes or innovations in lighting technologies.
- Integration of lighting with IoT and smart home ecosystems driving market expansion.
