| Product Code: ETC5110830 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Grenada`s bulb import market in 2024 continued to be dominated by key players from the USA, UK, Hong Kong, Germany, and China. Despite a slight decrease in growth rate from the previous year, the market maintained a high level of concentration, indicating strong competition among these top exporting countries. With a notable 10.79% compound annual growth rate from 2020 to 2024, the bulb import industry in Grenada shows promising long-term potential for both local businesses and international suppliers.
By 2027, the Bulb market in Grenada is anticipated to reach a growth rate of 1.58%, as part of an increasingly competitive North America region, where United States of America remains at the forefront, supported by Canada, Trinidad and Tobago, Jamaica and Bahamas, driving innovations and market adoption across sectors.

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 Bulb Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Bulb Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Bulb Market - Industry Life Cycle |
3.4 Grenada Bulb Market - Porter's Five Forces |
3.5 Grenada Bulb Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Bulb Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Bulb Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about energy efficiency and sustainability leading to a shift towards energy-efficient lighting solutions. |
4.2.2 Growing demand for decorative and ornamental lighting products in residential and commercial spaces. |
4.2.3 Rising adoption of smart lighting technologies for improved energy management and convenience. |
4.3 Market Restraints |
4.3.1 High initial costs associated with purchasing and installing grenada bulbs. |
4.3.2 Limited availability of specialized grenada bulbs compared to traditional lighting options. |
4.3.3 Challenges related to proper disposal and recycling of grenada bulbs due to their mercury content. |
5 Grenada Bulb Market Trends |
6 Grenada Bulb Market Segmentations |
6.1 Grenada Bulb Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Bulb Market Revenues & Volume, By Incandescent Bulbs, 2021-2031F |
6.1.3 Grenada Bulb Market Revenues & Volume, By Fluorescent Bulbs, 2021-2031F |
6.1.4 Grenada Bulb Market Revenues & Volume, By CFLs, 2021-2031F |
6.1.5 Grenada Bulb Market Revenues & Volume, By Halogens, 2021-2031F |
6.1.6 Grenada Bulb Market Revenues & Volume, By LEDs, 2021-2031F |
6.2 Grenada Bulb Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Bulb Market Revenues & Volume, By Lamps & Light Bulbs, 2021-2031F |
6.2.3 Grenada Bulb Market Revenues & Volume, By Operation Theatre (OT Instruments), 2021-2031F |
6.2.4 Grenada Bulb Market Revenues & Volume, By Torchlights and Flashlights, 2021-2031F |
6.2.5 Grenada Bulb Market Revenues & Volume, By Automobile Headlights, 2021-2031F |
6.2.6 Grenada Bulb Market Revenues & Volume, By Mining Headgears, 2021-2031F |
6.2.7 Grenada Bulb Market Revenues & Volume, By Others, 2021-2031F |
7 Grenada Bulb Market Import-Export Trade Statistics |
7.1 Grenada Bulb Market Export to Major Countries |
7.2 Grenada Bulb Market Imports from Major Countries |
8 Grenada Bulb Market Key Performance Indicators |
8.1 Energy savings achieved through the use of grenada bulbs. |
8.2 Number of new residential and commercial projects incorporating grenada bulbs. |
8.3 Percentage of households using smart lighting solutions with grenada bulbs. |
9 Grenada Bulb Market - Opportunity Assessment |
9.1 Grenada Bulb Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Bulb Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Bulb Market - Competitive Landscape |
10.1 Grenada Bulb Market Revenue Share, By Companies, 2024 |
10.2 Grenada Bulb 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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