In 2023, the value added in the manufacture of electric lighting equipment sector in Brazil stood at 775.6 million Brazilian Reals. Starting in 2024, the sector is forecast to grow steadily year-on-year, with an increase reaching 785.6 million BRL. This trend is expected to continue, with values projected to reach 824.4 million BRL by 2028. The year-on-year growth percentages are approximately 1.3% annually, reflecting a consistent upward trend fueled by market expansion and technological advancements.
Future trends to watch for include:
- Increased investment in energy-efficient lighting solutions.
- Government policies supporting the use of LED and smart lighting technologies.
- Continued growth in domestic and international demand, particularly in infrastructure and urban development projects.