| Product Code: ETC5597192 | 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 |
Grenada`s import shipments of LED lighting products saw a significant increase in concentration in 2024, with the top exporting countries being the USA, UK, China, Spain, and Germany. The market is experiencing robust growth, with a high compound annual growth rate (CAGR) of 21.42% from 2020 to 2024. The growth rate from 2023 to 2024 stood at an impressive 18.25%, indicating a strong upward trend in demand for LED lighting in Grenada. This data suggests a growing preference for LED lighting solutions in the country, driven by technological advancements and energy efficiency benefits.
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 LED Lighting Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada LED Lighting Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada LED Lighting Market - Industry Life Cycle |
3.4 Grenada LED Lighting Market - Porter's Five Forces |
3.5 Grenada LED Lighting Market Revenues & Volume Share, By Installation , 2021 & 2031F |
3.6 Grenada LED Lighting Market Revenues & Volume Share, By Product Type , 2021 & 2031F |
3.7 Grenada LED Lighting Market Revenues & Volume Share, By Sales Channel , 2021 & 2031F |
3.8 Grenada LED Lighting Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada LED Lighting Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of energy-efficient lighting solutions in Grenada |
4.2.2 Government regulations promoting the use of LED lighting for environmental sustainability |
4.2.3 Growing awareness about the long-term cost savings associated with LED lighting |
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 LED Lighting Market Trends |
6 Grenada LED Lighting Market Segmentations |
6.1 Grenada LED Lighting Market, By Installation |
6.1.1 Overview and Analysis |
6.1.2 Grenada LED Lighting Market Revenues & Volume, By New, 2021-2031F |
6.1.3 Grenada LED Lighting Market Revenues & Volume, By Retrofit, 2021-2031F |
6.2 Grenada LED Lighting Market, By Product Type |
6.2.1 Overview and Analysis |
6.2.2 Grenada LED Lighting Market Revenues & Volume, By Lamps, 2021-2031F |
6.2.3 Grenada LED Lighting Market Revenues & Volume, By Luminaires, 2021-2031F |
6.3 Grenada LED Lighting Market, By Sales Channel |
6.3.1 Overview and Analysis |
6.3.2 Grenada LED Lighting Market Revenues & Volume, By Retail/Wholesale, 2021-2031F |
6.3.3 Grenada LED Lighting Market Revenues & Volume, By Direct Sales, 2021-2031F |
6.3.4 Grenada LED Lighting Market Revenues & Volume, By E-Commerce, 2021-2031F |
6.4 Grenada LED Lighting Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Grenada LED Lighting Market Revenues & Volume, By Indoor, 2021-2031F |
6.4.3 Grenada LED Lighting Market Revenues & Volume, By Outdoor, 2021-2031F |
7 Grenada LED Lighting Market Import-Export Trade Statistics |
7.1 Grenada LED Lighting Market Export to Major Countries |
7.2 Grenada LED Lighting Market Imports from Major Countries |
8 Grenada LED Lighting Market Key Performance Indicators |
8.1 Energy savings achieved through the adoption of LED lighting in Grenada |
8.2 Number of government initiatives supporting the use of LED lighting |
8.3 Growth in the number of LED lighting installations in commercial and residential sectors in Grenada |
9 Grenada LED Lighting Market - Opportunity Assessment |
9.1 Grenada LED Lighting Market Opportunity Assessment, By Installation , 2021 & 2031F |
9.2 Grenada LED Lighting Market Opportunity Assessment, By Product Type , 2021 & 2031F |
9.3 Grenada LED Lighting Market Opportunity Assessment, By Sales Channel , 2021 & 2031F |
9.4 Grenada LED Lighting Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada LED Lighting Market - Competitive Landscape |
10.1 Grenada LED Lighting Market Revenue Share, By Companies, 2024 |
10.2 Grenada LED Lighting Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |