From 2013 to 2023, the gross investment in the manufacture of electric lighting equipment sector in Belgium showed significant fluctuations. After a marked rise between 2013 and 2015, a steep decline occurred in 2016, followed by moderate ups and downs, with a major dip in 2020 due to the pandemic. However, a noteworthy recovery was observed in 2021, stabilizing at a value of 25.6 million Euros by 2023. The sector caught its momentum in recent years with an average growth of 0% forecasted for the next five years up to 2028, showing a stabilization phase.
From 2024 forward, the investment level is expected to maintain a steady state until 2028, indicating a plateau in growth. Future trends to watch include technological advancements in smart lighting, increasing demand for energy-efficient solutions, and regulatory changes aimed at promoting green investments.
