| Product Code: ETC7371614 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The import shipments of grow lights to Grenada have shown significant growth, with top exporting countries including the USA, UK, China, Spain, and Germany in 2024. The market concentration, as measured by the HHI, has increased from high to very high in 2024, indicating a more concentrated market landscape. The impressive compound annual growth rate (CAGR) of 21.98% from 2020 to 2024 demonstrates a strong upward trend in demand. Furthermore, the remarkable growth rate of 55.79% from 2023 to 2024 highlights the accelerating pace of import activities in this sector.
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 Grow Light Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Grow Light Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Grow Light Market - Industry Life Cycle |
3.4 Grenada Grow Light Market - Porter's Five Forces |
3.5 Grenada Grow Light Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.6 Grenada Grow Light Market Revenues & Volume Share, By Installation Type, 2021 & 2031F |
3.7 Grenada Grow Light Market Revenues & Volume Share, By Spectrum, 2021 & 2031F |
3.8 Grenada Grow Light Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Grow Light Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Grow Light Market Trends |
6 Grenada Grow Light Market, By Types |
6.1 Grenada Grow Light Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 Grenada Grow Light Market Revenues & Volume, By Technology, 2021- 2031F |
6.1.3 Grenada Grow Light Market Revenues & Volume, By HID, 2021- 2031F |
6.1.4 Grenada Grow Light Market Revenues & Volume, By LED, 2021- 2031F |
6.1.5 Grenada Grow Light Market Revenues & Volume, By Fluorescent, 2021- 2031F |
6.1.6 Grenada Grow Light Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Grenada Grow Light Market, By Installation Type |
6.2.1 Overview and Analysis |
6.2.2 Grenada Grow Light Market Revenues & Volume, By New Installations, 2021- 2031F |
6.2.3 Grenada Grow Light Market Revenues & Volume, By Retrofit Installations, 2021- 2031F |
6.3 Grenada Grow Light Market, By Spectrum |
6.3.1 Overview and Analysis |
6.3.2 Grenada Grow Light Market Revenues & Volume, By Full-Spectrum, 2021- 2031F |
6.3.3 Grenada Grow Light Market Revenues & Volume, By Partial Spectrum, 2021- 2031F |
6.4 Grenada Grow Light Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Grenada Grow Light Market Revenues & Volume, By Indoor Farming, 2021- 2031F |
6.4.3 Grenada Grow Light Market Revenues & Volume, By Vertical Farming, 2021- 2031F |
6.4.4 Grenada Grow Light Market Revenues & Volume, By Commercial Greenhouse, 2021- 2031F |
6.4.5 Grenada Grow Light Market Revenues & Volume, By Turf and Landscaping, 2021- 2031F |
6.4.6 Grenada Grow Light Market Revenues & Volume, By Others, 2021- 2031F |
7 Grenada Grow Light Market Import-Export Trade Statistics |
7.1 Grenada Grow Light Market Export to Major Countries |
7.2 Grenada Grow Light Market Imports from Major Countries |
8 Grenada Grow Light Market Key Performance Indicators |
9 Grenada Grow Light Market - Opportunity Assessment |
9.1 Grenada Grow Light Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.2 Grenada Grow Light Market Opportunity Assessment, By Installation Type, 2021 & 2031F |
9.3 Grenada Grow Light Market Opportunity Assessment, By Spectrum, 2021 & 2031F |
9.4 Grenada Grow Light Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Grow Light Market - Competitive Landscape |
10.1 Grenada Grow Light Market Revenue Share, By Companies, 2024 |
10.2 Grenada Grow Light 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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