The electric lighting equipment employment in the Netherlands showed significant fluctuations over the past decade. Starting from 2013, there has been a mix of declines and recoveries. The employment number dipped through 2015, saw a rebound in 2016, fluctuated mildly until 2020, and then increased consistently until 2023, where it stood at 5.36 thousand. Over the last two years (2022-2023), there was a minor but positive year-on-year growth of 0.49% and 0.47%. The compound annual growth rate (CAGR) for the past five years (2018-2023) averaged at a moderate 1.19%. Looking into the forecast from 2024 onwards, the employment is expected to grow steadily, with a forecasted 5-year CAGR of 0.36% and an overall growth rate of 1.82% projected by 2028.
Future trends to watch for in the electric lighting equipment sector include:
- Technological advancements and smart lighting systems influencing workforce needs.
- Sustainability and energy-efficiency initiatives impacting production and labor requirements.
- The potential economic and policy changes affecting industry growth and employment.
