| Product Code: ETC7372359 | 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 market for indoor LED lighting imports in Grenada is experiencing rapid growth, with a notable increase in concentration among top exporting countries such as the USA, UK, China, Spain, and Germany. The HHI metric indicates a significant rise in market concentration from 2023 to 2024, reflecting the dominance of key players. The impressive CAGR of 21.98% from 2020 to 2024 underscores the strong demand for LED lighting in Grenada. The remarkable growth rate of 55.79% in 2024 highlights the escalating popularity and adoption of energy-efficient lighting solutions in the country.
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 Indoor Light-Emitting Diode (LED) Lighting Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Indoor Light-Emitting Diode (LED) Lighting Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Indoor Light-Emitting Diode (LED) Lighting Market - Industry Life Cycle |
3.4 Grenada Indoor Light-Emitting Diode (LED) Lighting Market - Porter's Five Forces |
3.5 Grenada Indoor Light-Emitting Diode (LED) Lighting Market Revenues & Volume Share, By Offering, 2021 & 2031F |
3.6 Grenada Indoor Light-Emitting Diode (LED) Lighting Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7 Grenada Indoor Light-Emitting Diode (LED) Lighting Market Revenues & Volume Share, By Installation Type, 2021 & 2031F |
3.8 Grenada Indoor Light-Emitting Diode (LED) Lighting Market Revenues & Volume Share, By Wattage Type, 2021 & 2031F |
3.9 Grenada Indoor Light-Emitting Diode (LED) Lighting Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Indoor Light-Emitting Diode (LED) Lighting Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness and adoption of energy-efficient lighting solutions in Grenada |
4.2.2 Government initiatives promoting the use of LED lighting for sustainability and energy savings |
4.3 Market Restraints |
4.3.1 High initial cost of LED lighting products compared to traditional lighting solutions |
4.3.2 Limited availability of skilled professionals for installation and maintenance of LED lighting systems in Grenada |
5 Grenada Indoor Light-Emitting Diode (LED) Lighting Market Trends |
6 Grenada Indoor Light-Emitting Diode (LED) Lighting Market, By Types |
6.1 Grenada Indoor Light-Emitting Diode (LED) Lighting Market, By Offering |
6.1.1 Overview and Analysis |
6.1.2 Grenada Indoor Light-Emitting Diode (LED) Lighting Market Revenues & Volume, By Offering, 2021- 2031F |
6.1.3 Grenada Indoor Light-Emitting Diode (LED) Lighting Market Revenues & Volume, By Hardware, 2021- 2031F |
6.1.4 Grenada Indoor Light-Emitting Diode (LED) Lighting Market Revenues & Volume, By Software, 2021- 2031F |
6.1.5 Grenada Indoor Light-Emitting Diode (LED) Lighting Market Revenues & Volume, By Services, 2021- 2031F |
6.2 Grenada Indoor Light-Emitting Diode (LED) Lighting Market, By Product Type |
6.2.1 Overview and Analysis |
6.2.2 Grenada Indoor Light-Emitting Diode (LED) Lighting Market Revenues & Volume, By Lamps, 2021- 2031F |
6.2.3 Grenada Indoor Light-Emitting Diode (LED) Lighting Market Revenues & Volume, By Luminaires, 2021- 2031F |
6.3 Grenada Indoor Light-Emitting Diode (LED) Lighting Market, By Installation Type |
6.3.1 Overview and Analysis |
6.3.2 Grenada Indoor Light-Emitting Diode (LED) Lighting Market Revenues & Volume, By New Installation, 2021- 2031F |
6.3.3 Grenada Indoor Light-Emitting Diode (LED) Lighting Market Revenues & Volume, By Retrofit Installation, 2021- 2031F |
6.4 Grenada Indoor Light-Emitting Diode (LED) Lighting Market, By Wattage Type |
6.4.1 Overview and Analysis |
6.4.2 Grenada Indoor Light-Emitting Diode (LED) Lighting Market Revenues & Volume, By Less Than 50 W, 2021- 2031F |
6.4.3 Grenada Indoor Light-Emitting Diode (LED) Lighting Market Revenues & Volume, By 50 W-150 W, 2021- 2031F |
6.4.4 Grenada Indoor Light-Emitting Diode (LED) Lighting Market Revenues & Volume, By More Than 150 W, 2021- 2031F |
6.5 Grenada Indoor Light-Emitting Diode (LED) Lighting Market, By Application |
6.5.1 Overview and Analysis |
6.5.2 Grenada Indoor Light-Emitting Diode (LED) Lighting Market Revenues & Volume, By Commercial, 2021- 2031F |
6.5.3 Grenada Indoor Light-Emitting Diode (LED) Lighting Market Revenues & Volume, By Residential, 2021- 2031F |
6.5.4 Grenada Indoor Light-Emitting Diode (LED) Lighting Market Revenues & Volume, By Automotive, 2021- 2031F |
7 Grenada Indoor Light-Emitting Diode (LED) Lighting Market Import-Export Trade Statistics |
7.1 Grenada Indoor Light-Emitting Diode (LED) Lighting Market Export to Major Countries |
7.2 Grenada Indoor Light-Emitting Diode (LED) Lighting Market Imports from Major Countries |
8 Grenada Indoor Light-Emitting Diode (LED) Lighting Market Key Performance Indicators |
8.1 Energy savings achieved through the adoption of LED lighting in commercial and residential buildings |
8.2 Number of government projects incorporating LED lighting solutions |
8.3 Percentage increase in the number of LED lighting installations in Grenada over time |
8.4 Average lifespan of LED lighting products used in Grenada |
8.5 Energy efficiency ratings of LED lighting products in the market |
9 Grenada Indoor Light-Emitting Diode (LED) Lighting Market - Opportunity Assessment |
9.1 Grenada Indoor Light-Emitting Diode (LED) Lighting Market Opportunity Assessment, By Offering, 2021 & 2031F |
9.2 Grenada Indoor Light-Emitting Diode (LED) Lighting Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.3 Grenada Indoor Light-Emitting Diode (LED) Lighting Market Opportunity Assessment, By Installation Type, 2021 & 2031F |
9.4 Grenada Indoor Light-Emitting Diode (LED) Lighting Market Opportunity Assessment, By Wattage Type, 2021 & 2031F |
9.5 Grenada Indoor Light-Emitting Diode (LED) Lighting Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Indoor Light-Emitting Diode (LED) Lighting Market - Competitive Landscape |
10.1 Grenada Indoor Light-Emitting Diode (LED) Lighting Market Revenue Share, By Companies, 2024 |
10.2 Grenada Indoor Light-Emitting Diode (LED) 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.
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