| Product Code: ETC5598256 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 | |
The import shipments of grow lights to Grenada have seen significant growth in 2024, with the USA, UK, China, Spain, and Germany emerging as the top exporting countries. The market concentration, as measured by the Herfindahl-Hirschman Index (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, coupled with a remarkable growth rate of 55.79% in 2023-24, highlights the strong demand for grow lights in Grenada and the potential opportunities for market players.
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 Lights Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Grow Lights Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Grow Lights Market - Industry Life Cycle |
3.4 Grenada Grow Lights Market - Porter's Five Forces |
3.5 Grenada Grow Lights Market Revenues & Volume Share, By Offering, 2021 & 2031F |
3.6 Grenada Grow Lights Market Revenues & Volume Share, By Wattage, 2021 & 2031F |
3.7 Grenada Grow Lights Market Revenues & Volume Share, By Spectrum, 2021 & 2031F |
3.8 Grenada Grow Lights Market Revenues & Volume Share, By Cultivated Plant, 2021 & 2031F |
3.9 Grenada Grow Lights Market Revenues & Volume Share, By Lighting Type, 2021 & 2031F |
3.10 Grenada Grow Lights Market Revenues & Volume Share, By Light Source, 2021 & 2031F |
3.11 Grenada Grow Lights Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Grow Lights Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of indoor farming practices in Grenada |
4.2.2 Growing awareness about the benefits of grow lights for plant growth |
4.2.3 Government initiatives promoting sustainable agriculture practices |
4.3 Market Restraints |
4.3.1 High initial cost of setting up grow light systems |
4.3.2 Limited availability of advanced grow light technologies in Grenada |
5 Grenada Grow Lights Market Trends |
6 Grenada Grow Lights Market Segmentations |
6.1 Grenada Grow Lights Market, By Offering |
6.1.1 Overview and Analysis |
6.1.2 Grenada Grow Lights Market Revenues & Volume, By Hardware, 2021-2031F |
6.1.3 Grenada Grow Lights Market Revenues & Volume, By Software & Services, 2021-2031F |
6.2 Grenada Grow Lights Market, By Wattage |
6.2.1 Overview and Analysis |
6.2.2 Grenada Grow Lights Market Revenues & Volume, By |
6.2.3 Grenada Grow Lights Market Revenues & Volume, By >300 Watt, 2021-2031F |
6.3 Grenada Grow Lights Market, By Spectrum |
6.3.1 Overview and Analysis |
6.3.2 Grenada Grow Lights Market Revenues & Volume, By Full Spectrum, 2021-2031F |
6.3.3 Grenada Grow Lights Market Revenues & Volume, By Limited Spectrum, 2021-2031F |
6.4 Grenada Grow Lights Market, By Cultivated Plant |
6.4.1 Overview and Analysis | 6.4.2 Grenada Grow Lights Market Revenues & Volume, By Fruits and Vegetables, 2021-2031F |
6.4.3 Grenada Grow Lights Market Revenues & Volume, By Flowers, 2021-2031F |
6.4.4 Grenada Grow Lights Market Revenues & Volume, By Cannabis, 2021-2031F |
6.5 Grenada Grow Lights Market, By Lighting Type |
6.5.1 Overview and Analysis |
6.5.2 Grenada Grow Lights Market Revenues & Volume, By Toplighting, 2021-2031F |
6.5.3 Grenada Grow Lights Market Revenues & Volume, By Interlighting, 2021-2031F |
6.6 Grenada Grow Lights Market, By Light Source |
6.6.1 Overview and Analysis |
6.6.2 Grenada Grow Lights Market Revenues & Volume, By Light Emitting Diodes (LED), 2021-2031F |
6.6.3 Grenada Grow Lights Market Revenues & Volume, By Fluorescent, 2021-2031F |
6.6.4 Grenada Grow Lights Market Revenues & Volume, By High-intensity Discharge (HID) Lights, 2021-2031F |
6.7 Grenada Grow Lights Market, By Application |
6.7.1 Overview and Analysis |
6.7.2 Grenada Grow Lights Market Revenues & Volume, By Greenhouses, 2021-2031F |
6.7.3 Grenada Grow Lights Market Revenues & Volume, By Vertical Farms, 2021-2031F |
6.7.4 Grenada Grow Lights Market Revenues & Volume, By Other Applications, 2021-2031F |
6.7.5 Grenada Grow Lights Market Revenues & Volume, By Other Applications, 2021-2031F |
6.8 Grenada Grow Lights Market, By Installation Type |
6.8.1 Overview and Analysis |
6.8.2 Grenada Grow Lights Market Revenues & Volume, By New Installations, 2021-2031F |
6.8.3 Grenada Grow Lights Market Revenues & Volume, By Retrofit Installations, 2021-2031F |
7 Grenada Grow Lights Market Import-Export Trade Statistics |
7.1 Grenada Grow Lights Market Export to Major Countries |
7.2 Grenada Grow Lights Market Imports from Major Countries |
8 Grenada Grow Lights Market Key Performance Indicators |
8.1 Energy efficiency of grow lights used in Grenada |
8.2 Number of indoor farming facilities utilizing grow lights |
8.3 Adoption rate of grow lights in different crop cultivation sectors in Grenada |
9 Grenada Grow Lights Market - Opportunity Assessment |
9.1 Grenada Grow Lights Market Opportunity Assessment, By Offering, 2021 & 2031F |
9.2 Grenada Grow Lights Market Opportunity Assessment, By Wattage, 2021 & 2031F |
9.3 Grenada Grow Lights Market Opportunity Assessment, By Spectrum, 2021 & 2031F |
9.4 Grenada Grow Lights Market Opportunity Assessment, By Cultivated Plant, 2021 & 2031F |
9.5 Grenada Grow Lights Market Opportunity Assessment, By Lighting Type, 2021 & 2031F |
9.6 Grenada Grow Lights Market Opportunity Assessment, By Light Source, 2021 & 2031F |
9.7 Grenada Grow Lights Market Opportunity Assessment, By Application, 2021 & 2031F |
9.7 Grenada Grow Lights Market Opportunity Assessment, By Installation Type, 2021 & 2031F |
10 Grenada Grow Lights Market - Competitive Landscape |
10.1 Grenada Grow Lights Market Revenue Share, By Companies, 2024 |
10.2 Grenada Grow Lights Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |