From 2013 to 2023, the market for ultraviolet or infrared lamps and arc lamps in Belgium exhibited significant fluctuations. The market reached its peak in 2014 at 9.2497 million euros, followed by a notable decline in subsequent years. By 2023, the market size was 6.7705 million euros. Year-on-year variations showed volatility, with the most substantial drop occurring in 2015 (-26.51%). The latest CAGR over the past five years suggests a mild average annual decline of -1.15%.
Future trends to watch for:
- Technological advancements driving efficiencies in ultraviolet and infrared lamp capabilities.
- Adoption of energy-efficient and environmentally friendly lighting solutions.
- Increased demand from sectors like healthcare and manufacturing for specialized lighting applications.
