The production in the manufacture of electric lighting equipment sector in Portugal has shown fluctuations over the past years. In 2023, the production value stood at 147.5 million euros. From 2015 to 2023, the sector experienced both significant increases and decreases, peaking at 154.0 million euros in 2019 and reaching a low of 140.2 million euros in 2018. The most notable year-on-year variations occurred in 2019 with a growth of 9.84% and in 2020 with a decline of 6.95%. Over the last two years, production has stabilized with minor fluctuations, and the average annual growth rate (CAGR) over the last five years was 1.02%.

Future trends to watch for:

Stability in production values is expected as forecasted figures remain constant at 147.5 million euros from 2024 to 2028.
Technological advancements in energy-efficient lighting and smart lighting solutions could drive future market dynamics.
Potential regulatory changes or economic shifts could impact production trends in this sector.