| Product Code: ETC5597325 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The Grenada horticulture lighting import market continues to show strong growth, with a remarkable CAGR of 21.98% from 2020 to 2024. The top exporting countries to Grenada in 2024 include the USA, UK, China, Spain, and Germany, indicating a diverse range of sources for these products. The market concentration, as measured by the HHI, has increased significantly from 2023 to 2024, reaching very high levels. This trend suggests a potential for increased competition among suppliers in the future, driving innovation and quality improvements in the horticulture lighting sector. The impressive growth rate of 55.79% from 2023 to 2024 highlights the expanding demand for horticulture
Grenada`s horticulture lighting market is evolving with the rise in demand for sustainable farming techniques, particularly in greenhouse and indoor farming. With a focus on enhancing crop yields and supporting agricultural productivity, LED grow lights and other energy-efficient lighting solutions are becoming more popular among local farmers. Government initiatives to boost local food production and promote sustainable agricultural practices are expected to further stimulate market growth.
The horticulture lighting market in Grenada is growing as demand for indoor farming and agriculture increases. With the advancement of LED lighting technology and the growing focus on sustainable agricultural practices, horticulture lighting solutions are becoming more popular for improving crop yields and quality in controlled environments.
The horticulture lighting market in Grenada faces challenges due to limited demand from the local agriculture sector. While there is some interest in using specialized lighting for horticultural applications, such as in greenhouses, the relatively small size of the agricultural industry in Grenada limits the market`s growth potential. Additionally, the high cost of horticultural lighting systems and the need for specialized expertise to install and maintain them makes these products less accessible to local farmers.
The horticulture lighting market in Grenada is growing as demand for indoor farming and agricultural innovation rises. Government support for sustainable agriculture and the promotion of modern farming techniques help drive the use of advanced horticulture lighting systems. With a focus on increasing food production efficiency and reducing environmental impact, horticulture lighting is becoming an essential tool in Grenadas agricultural 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 Horticulture Lighting Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Horticulture Lighting Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Horticulture Lighting Market - Industry Life Cycle |
3.4 Grenada Horticulture Lighting Market - Porter's Five Forces |
3.5 Grenada Horticulture Lighting Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.6 Grenada Horticulture Lighting Market Revenues & Volume Share, By Application , 2021 & 2031F |
3.7 Grenada Horticulture Lighting Market Revenues & Volume Share, By Offering, 2021 & 2031F |
3.8 Grenada Horticulture Lighting Market Revenues & Volume Share, By Lighting Type, 2021 & 2031F |
3.9 Grenada Horticulture Lighting Market Revenues & Volume Share, By Installation Type, 2021 & 2031F |
4 Grenada Horticulture Lighting Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of greenhouse farming practices in Grenada |
4.2.2 Growing awareness about the benefits of horticulture lighting for crop production |
4.2.3 Government support and initiatives to promote horticulture sector in Grenada |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with horticulture lighting systems |
4.3.2 Limited technological awareness and expertise among local farmers |
4.3.3 Lack of standardized regulations for horticulture lighting in Grenada |
5 Grenada Horticulture Lighting Market Trends |
6 Grenada Horticulture Lighting Market Segmentations |
6.1 Grenada Horticulture Lighting Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 Grenada Horticulture Lighting Market Revenues & Volume, By Fluorescent, 2021-2031F |
6.1.3 Grenada Horticulture Lighting Market Revenues & Volume, By HID, 2021-2031F |
6.1.4 Grenada Horticulture Lighting Market Revenues & Volume, By LED, 2021-2031F |
6.1.5 Grenada Horticulture Lighting Market Revenues & Volume, By Others, 2021-2031F |
6.2 Grenada Horticulture Lighting Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Horticulture Lighting Market Revenues & Volume, By Greenhouses, 2021-2031F |
6.2.3 Grenada Horticulture Lighting Market Revenues & Volume, By Vertical Farms, 2021-2031F |
6.2.4 Grenada Horticulture Lighting Market Revenues & Volume, By Indoor Farms, 2021-2031F |
6.2.5 Grenada Horticulture Lighting Market Revenues & Volume, By Others, 2021-2031F |
6.3 Grenada Horticulture Lighting Market, By Offering |
6.3.1 Overview and Analysis |
6.3.2 Grenada Horticulture Lighting Market Revenues & Volume, By Hardware, 2021-2031F |
6.3.3 Grenada Horticulture Lighting Market Revenues & Volume, By Software and Services, 2021-2031F |
6.4 Grenada Horticulture Lighting Market, By Lighting Type |
6.4.1 Overview and Analysis |
6.4.2 Grenada Horticulture Lighting Market Revenues & Volume, By Toplighting, 2021-2031F |
6.4.3 Grenada Horticulture Lighting Market Revenues & Volume, By Interlighting, 2021-2031F |
6.4.4 Grenada Horticulture Lighting Market Revenues & Volume, By Cultivation, 2021-2031F | 6.4.5 Grenada Horticulture Lighting Market Revenues & Volume, By Fruits and Vegetables, 2021-2031F |
6.4.6 Grenada Horticulture Lighting Market Revenues & Volume, By Floriculture, 2021-2031F |
6.4.7 Grenada Horticulture Lighting Market Revenues & Volume, By Cannabis, 2021-2031F |
6.5 Grenada Horticulture Lighting Market, By Installation Type |
6.5.1 Overview and Analysis |
6.5.2 Grenada Horticulture Lighting Market Revenues & Volume, By New installations, 2021-2031F |
6.5.3 Grenada Horticulture Lighting Market Revenues & Volume, By Retrofit Installations, 2021-2031F |
7 Grenada Horticulture Lighting Market Import-Export Trade Statistics |
7.1 Grenada Horticulture Lighting Market Export to Major Countries |
7.2 Grenada Horticulture Lighting Market Imports from Major Countries |
8 Grenada Horticulture Lighting Market Key Performance Indicators |
8.1 Percentage increase in the area of land under horticulture lighting systems |
8.2 Average energy efficiency improvement in horticulture lighting solutions |
8.3 Number of research and development collaborations between local universities and horticulture lighting companies |
8.4 Percentage increase in the adoption of horticulture lighting technologies by small-scale farmers |
8.5 Reduction in the average payback period for horticulture lighting investments |
9 Grenada Horticulture Lighting Market - Opportunity Assessment |
9.1 Grenada Horticulture Lighting Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.2 Grenada Horticulture Lighting Market Opportunity Assessment, By Application , 2021 & 2031F |
9.3 Grenada Horticulture Lighting Market Opportunity Assessment, By Offering, 2021 & 2031F |
9.4 Grenada Horticulture Lighting Market Opportunity Assessment, By Lighting Type, 2021 & 2031F |
9.5 Grenada Horticulture Lighting Market Opportunity Assessment, By Installation Type, 2021 & 2031F |
10 Grenada Horticulture Lighting Market - Competitive Landscape |
10.1 Grenada Horticulture Lighting Market Revenue Share, By Companies, 2024 |
10.2 Grenada Horticulture Lighting Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |