| Product Code: ETC5598655 | 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 |
In 2024, Grenada`s import shipments of ambient lighting saw a shift in concentration levels, moving from very high concentration in 2023 to moderate concentration. The top exporting countries to Grenada in 2024 were the USA, Netherlands, UK, Germany, and China. Despite a significant decline in growth rate from 2023 to 2024 (-65.24%), the compound annual growth rate (CAGR) for the period 2020-24 remained strong at 14.81%. This indicates a dynamic market for ambient lighting imports in Grenada, with a diverse range of countries contributing to its supply chain.
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 Grenada Ambient Lighting Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Ambient Lighting Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Ambient Lighting Market - Industry Life Cycle |
3.4 Grenada Ambient Lighting Market - Porter's Five Forces |
3.5 Grenada Ambient Lighting Market Revenues & Volume Share, By Offering , 2021 & 2031F |
3.6 Grenada Ambient Lighting Market Revenues & Volume Share, By Type , 2021 & 2031F |
3.7 Grenada Ambient Lighting Market Revenues & Volume Share, By End Users , 2021 & 2031F |
4 Grenada Ambient Lighting Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for energy-efficient lighting solutions in Grenada |
4.2.2 Increasing focus on enhancing aesthetic appeal in residential and commercial spaces |
4.2.3 Technological advancements leading to the development of innovative ambient lighting products |
4.3 Market Restraints |
4.3.1 High initial cost of installation and maintenance of ambient lighting systems |
4.3.2 Limited awareness and adoption of ambient lighting solutions in Grenada |
4.3.3 Availability of cheaper alternatives impacting the market growth |
5 Grenada Ambient Lighting Market Trends |
6 Grenada Ambient Lighting Market Segmentations |
6.1 Grenada Ambient Lighting Market, By Offering |
6.1.1 Overview and Analysis |
6.1.2 Grenada Ambient Lighting Market Revenues & Volume, By Hardware, 2021-2031F |
6.1.3 Grenada Ambient Lighting Market Revenues & Volume, By Software & Services, 2021-2031F |
6.2 Grenada Ambient Lighting Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Grenada Ambient Lighting Market Revenues & Volume, By Recessed Lights, 2021-2031F |
6.2.3 Grenada Ambient Lighting Market Revenues & Volume, By Surface-Mounted Lights, 2021-2031F |
6.2.4 Grenada Ambient Lighting Market Revenues & Volume, By Suspended Lights, 2021-2031F |
6.2.5 Grenada Ambient Lighting Market Revenues & Volume, By Track Lights, 2021-2031F |
6.2.6 Grenada Ambient Lighting Market Revenues & Volume, By Strip Lights, 2021-2031F |
6.3 Grenada Ambient Lighting Market, By End Users |
6.3.1 Overview and Analysis |
6.3.2 Grenada Ambient Lighting Market Revenues & Volume, By Residential, 2021-2031F |
6.3.3 Grenada Ambient Lighting Market Revenues & Volume, By Hospitality & Retail, 2021-2031F |
6.3.4 Grenada Ambient Lighting Market Revenues & Volume, By Healthcare, 2021-2031F |
6.3.5 Grenada Ambient Lighting Market Revenues & Volume, By Office Buildings, 2021-2031F |
6.3.6 Grenada Ambient Lighting Market Revenues & Volume, By Industrial, 2021-2031F |
6.3.7 Grenada Ambient Lighting Market Revenues & Volume, By Automotive, 2021-2031F |
7 Grenada Ambient Lighting Market Import-Export Trade Statistics |
7.1 Grenada Ambient Lighting Market Export to Major Countries |
7.2 Grenada Ambient Lighting Market Imports from Major Countries |
8 Grenada Ambient Lighting Market Key Performance Indicators |
8.1 Energy savings achieved through the use of ambient lighting solutions |
8.2 Number of new residential and commercial projects incorporating ambient lighting |
8.3 Rate of adoption of smart ambient lighting systems in Grenada |
8.4 Customer satisfaction and feedback on the quality of ambient lighting products and services |
8.5 Investment and funding trends in the Grenada ambient lighting market |
9 Grenada Ambient Lighting Market - Opportunity Assessment |
9.1 Grenada Ambient Lighting Market Opportunity Assessment, By Offering , 2021 & 2031F |
9.2 Grenada Ambient Lighting Market Opportunity Assessment, By Type , 2021 & 2031F |
9.3 Grenada Ambient Lighting Market Opportunity Assessment, By End Users , 2021 & 2031F |
10 Grenada Ambient Lighting Market - Competitive Landscape |
10.1 Grenada Ambient Lighting Market Revenue Share, By Companies, 2024 |
10.2 Grenada Ambient Lighting 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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