| Product Code: ETC5598123 | 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 explosion-proof lighting to Grenada saw a significant surge in 2024, with top exporting countries being the USA, UK, China, Spain, and Germany. The high Herfindahl-Hirschman Index (HHI) concentration indicates a competitive market, which intensified in 2024. The impressive compound annual growth rate (CAGR) of 21.98% from 2020 to 2024 highlights the booming demand for explosion-proof lighting. Moreover, the remarkable growth rate of 55.79% from 2023 to 2024 underscores the increasing importance of Grenada as a market for these specialized lighting products.
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 Explosion-proof Lighting Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Explosion-proof Lighting Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Explosion-proof Lighting Market - Industry Life Cycle |
3.4 Grenada Explosion-proof Lighting Market - Porter's Five Forces |
3.5 Grenada Explosion-proof Lighting Market Revenues & Volume Share, By Type , 2021 & 2031F |
3.6 Grenada Explosion-proof Lighting Market Revenues & Volume Share, By Light Source , 2021 & 2031F |
3.7 Grenada Explosion-proof Lighting Market Revenues & Volume Share, By Safety Rating, 2021 & 2031F |
3.8 Grenada Explosion-proof Lighting Market Revenues & Volume Share, By End-user Industry, 2021 & 2031F |
3.9 Grenada Explosion-proof Lighting Market Revenues & Volume Share, By Hazardous Location, 2021 & 2031F |
4 Grenada Explosion-proof Lighting Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Stringent safety regulations in industrial sectors requiring explosion-proof lighting solutions |
4.2.2 Increasing awareness about workplace safety and the need for explosion-proof lighting |
4.2.3 Growth in industries such as oil and gas, chemical, and mining that require explosion-proof lighting solutions |
4.3 Market Restraints |
4.3.1 High initial costs associated with explosion-proof lighting systems |
4.3.2 Limited availability of skilled professionals for installation and maintenance of explosion-proof lighting systems |
4.3.3 Economic downturns affecting investment in industrial sectors using explosion-proof lighting |
5 Grenada Explosion-proof Lighting Market Trends |
6 Grenada Explosion-proof Lighting Market Segmentations |
6.1 Grenada Explosion-proof Lighting Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Explosion-proof Lighting Market Revenues & Volume, By High Bay & Low Bay, 2021-2031F |
6.1.3 Grenada Explosion-proof Lighting Market Revenues & Volume, By Linear, 2021-2031F |
6.1.4 Grenada Explosion-proof Lighting Market Revenues & Volume, By Flood, 2021-2031F |
6.2 Grenada Explosion-proof Lighting Market, By Light Source |
6.2.1 Overview and Analysis |
6.2.2 Grenada Explosion-proof Lighting Market Revenues & Volume, By LED, 2021-2031F |
6.2.3 Grenada Explosion-proof Lighting Market Revenues & Volume, By Fluorescent, 2021-2031F |
6.3 Grenada Explosion-proof Lighting Market, By Safety Rating |
6.3.1 Overview and Analysis |
6.3.2 Grenada Explosion-proof Lighting Market Revenues & Volume, By Class 1, 2021-2031F |
6.3.3 Grenada Explosion-proof Lighting Market Revenues & Volume, By Class 2, 2021-2031F |
6.3.4 Grenada Explosion-proof Lighting Market Revenues & Volume, By Class 3, 2021-2031F |
6.4 Grenada Explosion-proof Lighting Market, By End-user Industry |
6.4.1 Overview and Analysis |
6.4.2 Grenada Explosion-proof Lighting Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.4.3 Grenada Explosion-proof Lighting Market Revenues & Volume, By Chemical & Pharmaceutical, 2021-2031F |
6.4.4 Grenada Explosion-proof Lighting Market Revenues & Volume, By Food & Beverage, 2021-2031F |
6.4.5 Grenada Explosion-proof Lighting Market Revenues & Volume, By Mining, 2021-2031F |
6.4.6 Grenada Explosion-proof Lighting Market Revenues & Volume, By Energy & Power, 2021-2031F |
6.4.7 Grenada Explosion-proof Lighting Market Revenues & Volume, By Others, 2021-2031F |
6.5 Grenada Explosion-proof Lighting Market, By Hazardous Location |
6.5.1 Overview and Analysis |
6.5.2 Grenada Explosion-proof Lighting Market Revenues & Volume, By Zone 1, 2021-2031F |
6.5.3 Grenada Explosion-proof Lighting Market Revenues & Volume, By Zone 2, 2021-2031F |
6.5.4 Grenada Explosion-proof Lighting Market Revenues & Volume, By Others, 2021-2031F |
7 Grenada Explosion-proof Lighting Market Import-Export Trade Statistics |
7.1 Grenada Explosion-proof Lighting Market Export to Major Countries |
7.2 Grenada Explosion-proof Lighting Market Imports from Major Countries |
8 Grenada Explosion-proof Lighting Market Key Performance Indicators |
8.1 Number of safety compliance certifications obtained by explosion-proof lighting manufacturers |
8.2 Percentage increase in adoption of LED technology in explosion-proof lighting solutions |
8.3 Rate of incidents related to explosions or fires in industrial settings where explosion-proof lighting is installed |
9 Grenada Explosion-proof Lighting Market - Opportunity Assessment |
9.1 Grenada Explosion-proof Lighting Market Opportunity Assessment, By Type , 2021 & 2031F |
9.2 Grenada Explosion-proof Lighting Market Opportunity Assessment, By Light Source , 2021 & 2031F |
9.3 Grenada Explosion-proof Lighting Market Opportunity Assessment, By Safety Rating, 2021 & 2031F |
9.4 Grenada Explosion-proof Lighting Market Opportunity Assessment, By End-user Industry, 2021 & 2031F |
9.5 Grenada Explosion-proof Lighting Market Opportunity Assessment, By Hazardous Location, 2021 & 2031F |
10 Grenada Explosion-proof Lighting Market - Competitive Landscape |
10.1 Grenada Explosion-proof Lighting Market Revenue Share, By Companies, 2024 |
10.2 Grenada Explosion-proof Lighting Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |