The electric lighting equipment turnover in Italy experienced several fluctuations over the past decade. The turnover stood at €3.7 billion in 2023. It saw significant growth in 2015 (18.64%) and again in 2019 (18.09%), but also faced substantial declines in 2017 (-12.8%) and especially in 2020 (-28.47%) likely due to the COVID-19 pandemic. Positive growth returned in the following years, with a notable recovery in 2021 (9.18%) and 2022 (11.12%). In 2023, the growth rate stabilized with a year-on-year increase of 7.14%. The Compound Annual Growth Rate (CAGR) from 2018 to 2023 was 1.89%.

Looking forward, the forecast indicates a steady expansion, with the turnover expected to reach €3.88 billion by 2028. The forecasted 5-year CAGR from 2024 to 2028 is projected at 0.77%, signifying modest growth.

Future trends to watch include: