| Product Code: ETC5600251 | 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 human-centric lighting to Grenada in 2024 saw a notable shift in the concentration of top exporting countries, with the USA, Netherlands, UK, Germany, and China leading the way. The decrease in the Herfindahl-Hirschman Index (HHI) from very high concentration in 2023 to a moderate level in 2024 indicates a more diversified import market. Despite a significant negative growth rate from 2023 to 2024, the compound annual growth rate (CAGR) over the period of 2020-2024 remained strong at 14.81%, reflecting the overall upward trend in demand for human-centric lighting products in Grenada.
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 Human Centric Lighting Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Human Centric Lighting Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Human Centric Lighting Market - Industry Life Cycle |
3.4 Grenada Human Centric Lighting Market - Porter's Five Forces |
3.5 Grenada Human Centric Lighting Market Revenues & Volume Share, By Offering , 2021 & 2031F |
3.6 Grenada Human Centric Lighting Market Revenues & Volume Share, By Installation Type , 2021 & 2031F |
3.7 Grenada Human Centric Lighting Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.9 Grenada Human Centric Lighting Market Revenues & Volume Share, By , 2021 & 2031F |
4 Grenada Human Centric Lighting Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing awareness about the benefits of human-centric lighting on health and well-being |
4.2.2 Increasing adoption of smart lighting solutions in residential and commercial buildings |
4.2.3 Government initiatives promoting energy efficiency and sustainable lighting technologies |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with human-centric lighting systems |
4.3.2 Lack of standardized regulations and guidelines for human-centric lighting in Grenada |
4.3.3 Limited availability of skilled professionals for installation and maintenance of advanced lighting systems |
5 Grenada Human Centric Lighting Market Trends |
6 Grenada Human Centric Lighting Market Segmentations |
6.1 Grenada Human Centric Lighting Market, By Offering |
6.1.1 Overview and Analysis |
6.1.2 Grenada Human Centric Lighting Market Revenues & Volume, By Hardware, 2021-2031F |
6.1.3 Grenada Human Centric Lighting Market Revenues & Volume, By Fixtures, 2021-2031F |
6.1.4 Grenada Human Centric Lighting Market Revenues & Volume, By Controllers, 2021-2031F |
6.1.5 Grenada Human Centric Lighting Market Revenues & Volume, By Software, 2021-2031F |
6.1.6 Grenada Human Centric Lighting Market Revenues & Volume, By Services, 2021-2031F |
6.2 Grenada Human Centric Lighting Market, By Installation Type |
6.2.1 Overview and Analysis |
6.2.2 Grenada Human Centric Lighting Market Revenues & Volume, By New Installations , 2021-2031F |
6.2.3 Grenada Human Centric Lighting Market Revenues & Volume, By Retrofit Installations, 2021-2031F |
6.3 Grenada Human Centric Lighting Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Grenada Human Centric Lighting Market Revenues & Volume, By Wholesale & Retail, 2021-2031F |
6.3.3 Grenada Human Centric Lighting Market Revenues & Volume, By Enterprises & Data Centers, 2021-2031F |
6.3.4 Grenada Human Centric Lighting Market Revenues & Volume, By Residential, 2021-2031F |
6.3.5 Grenada Human Centric Lighting Market Revenues & Volume, By Educational Institutions, 2021-2031F |
6.3.6 Grenada Human Centric Lighting Market Revenues & Volume, By Healthcare, 2021-2031F |
6.3.7 Grenada Human Centric Lighting Market Revenues & Volume, By Industrial, 2021-2031F |
6.5 Grenada Human Centric Lighting Market, By |
6.5.1 Overview and Analysis |
7 Grenada Human Centric Lighting Market Import-Export Trade Statistics |
7.1 Grenada Human Centric Lighting Market Export to Major Countries |
7.2 Grenada Human Centric Lighting Market Imports from Major Countries |
8 Grenada Human Centric Lighting Market Key Performance Indicators |
8.1 Percentage increase in adoption of human-centric lighting solutions in Grenada |
8.2 Number of new smart lighting projects implemented in residential and commercial buildings |
8.3 Energy savings achieved through the use of human-centric lighting technologies |
9 Grenada Human Centric Lighting Market - Opportunity Assessment |
9.1 Grenada Human Centric Lighting Market Opportunity Assessment, By Offering , 2021 & 2031F |
9.2 Grenada Human Centric Lighting Market Opportunity Assessment, By Installation Type , 2021 & 2031F |
9.3 Grenada Human Centric Lighting Market Opportunity Assessment, By Application, 2021 & 2031F |
9.5 Grenada Human Centric Lighting Market Opportunity Assessment, By , 2021 & 2031F |
10 Grenada Human Centric Lighting Market - Competitive Landscape |
10.1 Grenada Human Centric Lighting Market Revenue Share, By Companies, 2024 |
10.2 Grenada Human Centric Lighting 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.
To discover high-growth global markets and optimize your business strategy:
Click Here