The market for electric lighting equipment in the UK shows a steady decrease in hours worked, projected from 2024 to 2028. In 2023, hours worked stood at around 27.658 million. From 2024, a gradual decline is noted with a year-on-year decrease of approximately 0.4% annually. The compound annual growth rate over this period implies a consistent reduction of approximately 0.4% per year over five years.

Future trends to watch for:

Technological advancements may further reduce labor requirements.
Increased automation and energy-efficient technologies could drive further declines.
Market demand fluctuations due to shifts toward sustainable solutions may influence industry dynamics.