In 2023, Italy held the largest share of high growth enterprises in the electric lighting equipment sector in Europe, with 47.48 units. Portugal and the Czech Republic followed with 11.65 and 10.75 units, respectively. Hungary and Lithuania shared a similar value of 8.06 units, while Slovakia had 6.27 units. Latvia and Romania held smaller shares, at 3.58 and 1.79 units respectively. Over the past year, Lithuania experienced the highest growth at 15.83%, while Romania saw a decline of 7.79%. Notably, Slovakia also faced a reduction of 2.64% despite previously leading mid-European markets.
Future trends to watch include:
- Potential market gains in Eastern European countries driven by increased investments and technological advancements.
- The influence of EU regulations encouraging sustainable lighting solutions on the growth rate of enterprises.
- The impact of economic shifts and industrial policies on the distribution and dynamics of market shares across Europe.
Top countries in Number of High Growth Enterprises in Electric Lighting Equipment Share by Country (Units (Enterprises))
| # | 8 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 47.48 | 2023 | +15.22% | +2.87% | View data |
| 2 | 2 Portugal | 11.65 | 2023 | +18.18% | +4.36% | View data |
| 3 | 3 Czech Republic | 10.75 | 2023 | +9.09% | +3.71% | View data |
| 4 | 4 Hungary | 8.06 | 2023 | 0% | +2.38% | View data |
| 5 | 5 Lithuania | 8.06 | 2023 | +12.5% | +15.83% | View data |
| 6 | 6 Slovakia | 6.27 | 2023 | +16.67% | -2.64% | View data |
| 7 | 7 Latvia | 3.58 | 2023 | +33.33% | View data | |
| 8 | 8 Romania | 1.79 | 2023 | 0% | -7.79% | View data |
