Germany leads European sold production of electric lighting equipment with a value of €3.2343 billion in 2024, despite a slight year-on-year decline of 0.36%. Italy and Czechia follow, showing robust increases of 4.48% and consistent production figures, respectively. Slovakia also exhibits a strong growth rate of 4.45%, while France delivers moderate growth at 0.98%. Poland and Hungary are emerging markets with consistent upward trends. Conversely, the United Kingdom experienced a significant drop of 4.47%, highlighting variability in the sector. Smaller markets like Estonia, Lithuania, and Latvia are showing remarkable growth percentages, indicating potential for future expansion. Overall, a mixed trend with both leading markets stabilizing and smaller markets expanding significantly.
Future trends to watch include the continuous growth in smaller markets such as Serbia, Estonia, and Norway due to double-digit growth rates. Additionally, technological advancements and increased demand for energy-efficient lighting solutions are expected to drive further development and market expansion across European countries. Climate policies and sustainability initiatives will also influence future production dynamics.
Top countries in Sold Production of Electric Lighting Equipment by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 3,234,300,000 | 2023 | +3.71% | -0.36% | View data |
| 2 | 2 Italy | 2,834,800,000 | 2023 | +1.71% | +4.48% | View data |
| 3 | 3 Czechia | 2,679,800,000 | 2023 | |||
| 4 | 4 France | 1,977,000,000 | 2023 | +5.58% | +0.98% | View data |
| 5 | 5 Slovakia | 1,364,600,000 | 2023 | +4.55% | +4.45% | View data |
| 6 | 6 Spain | 1,363,300,000 | 2023 | +6.92% | +1.37% | View data |
| 7 | 7 United Kingdom | 1,129,800,000 | 2023 | -2.7% | -4.47% | View data |
| 8 | 8 Austria | 676,540,000 | 2023 | +10.61% | +6.52% | View data |
| 9 | 9 Hungary | 676,420,000 | 2023 | +4.06% | +3.3% | View data |
| 10 | 10 Poland | 661,970,000 | 2023 | +1.61% | +1.52% | View data |
