The gross investment in the manufacture of electric lighting equipment sector in Italy showcased variability from 2013 to 2023. Despite significant fluctuations, the sector noted a positive growth trend over recent years. Starting from a low of €67.3 million in 2014, the investment figures reached €113.8 million in 2023, marking a 6.26% increase from 2022. The compound annual growth rate (CAGR) over the last five years stands at a modest 0.63%, indicating gradual progress.
From 2019 to 2020, the sector experienced a notable decline of 22.51%, largely attributed to the global economic disruptions. However, the recovery in the following years was demonstrated by a 9.29% increase in 2022 and a consistent rise until 2023.
Future trends to watch for:
- The forecasted steady increase in gross investment through to 2028 suggests sustained growth, with a projected 5.63% growth rate over the next five years and a forecasted five-year CAGR at 1.1%.
- Continued advancements in energy-efficient lighting technologies and increasing demand for sustainable solutions are expected to drive further investments in this sector.
- Government policies promoting green energy and sustainable manufacturing practices could significantly boost investment figures in the coming years.
