| Product Code: ETC5408868 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The import shipments of electroluminescent (EL) panels in Cyprus saw a significant increase in concentration levels in 2024, with top exporting countries being China, UK, USA, Germany, and Netherlands. The high Herfindahl-Hirschman Index (HHI) in 2023 escalated to very high levels in 2024, indicating a more concentrated market. The compound annual growth rate (CAGR) for the period 2020-2024 stood at an impressive 13.35%, with a growth rate of 2.47% from 2023 to 2024, reflecting a steady expansion in demand for EL panels in Cyprus.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Cyprus Electroluminescent (EL) Panels Market Overview |
3.1 Cyprus Country Macro Economic Indicators |
3.2 Cyprus Electroluminescent (EL) Panels Market Revenues & Volume, 2021 & 2031F |
3.3 Cyprus Electroluminescent (EL) Panels Market - Industry Life Cycle |
3.4 Cyprus Electroluminescent (EL) Panels Market - Porter's Five Forces |
3.5 Cyprus Electroluminescent (EL) Panels Market Revenues & Volume Share, By Shape, 2021 & 2031F |
3.6 Cyprus Electroluminescent (EL) Panels Market Revenues & Volume Share, By Colour, 2021 & 2031F |
4 Cyprus Electroluminescent (EL) Panels Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient lighting solutions |
4.2.2 Growing adoption of smart and connected devices |
4.2.3 Technological advancements in electroluminescent panel manufacturing |
4.3 Market Restraints |
4.3.1 High initial investment costs for electroluminescent panels |
4.3.2 Limited awareness and understanding of electroluminescent panel technology |
4.3.3 Intense competition from other lighting technologies such as LED |
5 Cyprus Electroluminescent (EL) Panels Market Trends |
6 Cyprus Electroluminescent (EL) Panels Market Segmentations |
6.1 Cyprus Electroluminescent (EL) Panels Market, By Shape |
6.1.1 Overview and Analysis |
6.1.2 Cyprus Electroluminescent (EL) Panels Market Revenues & Volume, By Rectangle, 2021-2031F |
6.1.3 Cyprus Electroluminescent (EL) Panels Market Revenues & Volume, By Square, 2021-2031F |
6.1.4 Cyprus Electroluminescent (EL) Panels Market Revenues & Volume, By Strip, 2021-2031F |
6.1.5 Cyprus Electroluminescent (EL) Panels Market Revenues & Volume, By Round, 2021-2031F |
6.1.6 Cyprus Electroluminescent (EL) Panels Market Revenues & Volume, By Others, 2021-2031F |
6.2 Cyprus Electroluminescent (EL) Panels Market, By Colour |
6.2.1 Overview and Analysis |
6.2.2 Cyprus Electroluminescent (EL) Panels Market Revenues & Volume, By White, 2021-2031F |
6.2.3 Cyprus Electroluminescent (EL) Panels Market Revenues & Volume, By Blue, 2021-2031F |
6.2.4 Cyprus Electroluminescent (EL) Panels Market Revenues & Volume, By Green, 2021-2031F |
6.2.5 Cyprus Electroluminescent (EL) Panels Market Revenues & Volume, By Red, 2021-2031F |
6.2.6 Cyprus Electroluminescent (EL) Panels Market Revenues & Volume, By Others, 2021-2031F |
7 Cyprus Electroluminescent (EL) Panels Market Import-Export Trade Statistics |
7.1 Cyprus Electroluminescent (EL) Panels Market Export to Major Countries |
7.2 Cyprus Electroluminescent (EL) Panels Market Imports from Major Countries |
8 Cyprus Electroluminescent (EL) Panels Market Key Performance Indicators |
8.1 Percentage growth in the adoption of energy-efficient lighting solutions in Cyprus |
8.2 Number of new product launches and innovations in electroluminescent panel technology |
8.3 Percentage increase in investments in research and development for electroluminescent panels |
8.4 Average time taken for consumers to understand and adopt electroluminescent panel technology |
8.5 Number of partnerships and collaborations between electroluminescent panel manufacturers and technology companies |
9 Cyprus Electroluminescent (EL) Panels Market - Opportunity Assessment |
9.1 Cyprus Electroluminescent (EL) Panels Market Opportunity Assessment, By Shape, 2021 & 2031F |
9.2 Cyprus Electroluminescent (EL) Panels Market Opportunity Assessment, By Colour, 2021 & 2031F |
10 Cyprus Electroluminescent (EL) Panels Market - Competitive Landscape |
10.1 Cyprus Electroluminescent (EL) Panels Market Revenue Share, By Companies, 2024 |
10.2 Cyprus Electroluminescent (EL) Panels Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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