| Product Code: ETC7373646 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Grenada continued to heavily rely on imports of light sensors, with top exporting countries being Trinidad and Tobago, USA, China, Canada, and Panama. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. Despite a strong compound annual growth rate (CAGR) of 8.57% from 2020 to 2024, there was a decline in growth rate from 2023 to 2024 at -10.38%. This suggests a potential slowdown or shift in market dynamics that importers and stakeholders should monitor closely for future decision-making.
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 Light Sensors Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Light Sensors Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Light Sensors Market - Industry Life Cycle |
3.4 Grenada Light Sensors Market - Porter's Five Forces |
3.5 Grenada Light Sensors Market Revenues & Volume Share, By Function, 2021 & 2031F |
3.6 Grenada Light Sensors Market Revenues & Volume Share, By Output, 2021 & 2031F |
3.7 Grenada Light Sensors Market Revenues & Volume Share, By Integration, 2021 & 2031F |
3.8 Grenada Light Sensors Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
4 Grenada Light Sensors Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient lighting solutions |
4.2.2 Growth in adoption of smart home and building automation technologies |
4.2.3 Rising awareness about the benefits of light sensors in reducing energy consumption |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with installing light sensor systems |
4.3.2 Lack of standardization in light sensor technologies |
4.3.3 Limited availability of skilled professionals for installation and maintenance of light sensor systems |
5 Grenada Light Sensors Market Trends |
6 Grenada Light Sensors Market, By Types |
6.1 Grenada Light Sensors Market, By Function |
6.1.1 Overview and Analysis |
6.1.2 Grenada Light Sensors Market Revenues & Volume, By Function, 2021- 2031F |
6.1.3 Grenada Light Sensors Market Revenues & Volume, By Ambient Light Sensing, 2021- 2031F |
6.1.4 Grenada Light Sensors Market Revenues & Volume, By Proximity Detection, 2021- 2031F |
6.1.5 Grenada Light Sensors Market Revenues & Volume, By RGB Color Sensing, 2021- 2031F |
6.1.6 Grenada Light Sensors Market Revenues & Volume, By Gesture Recognition, 2021- 2031F |
6.1.7 Grenada Light Sensors Market Revenues & Volume, By UV/Infrared Light (IR) Detection, 2021- 2031F |
6.2 Grenada Light Sensors Market, By Output |
6.2.1 Overview and Analysis |
6.2.2 Grenada Light Sensors Market Revenues & Volume, By Analog, 2021- 2031F |
6.2.3 Grenada Light Sensors Market Revenues & Volume, By Digital, 2021- 2031F |
6.3 Grenada Light Sensors Market, By Integration |
6.3.1 Overview and Analysis |
6.3.2 Grenada Light Sensors Market Revenues & Volume, By Discrete, 2021- 2031F |
6.3.3 Grenada Light Sensors Market Revenues & Volume, By Combination, 2021- 2031F |
6.4 Grenada Light Sensors Market, By End Use Industry |
6.4.1 Overview and Analysis |
6.4.2 Grenada Light Sensors Market Revenues & Volume, By Consumer Electronics, 2021- 2031F |
6.4.3 Grenada Light Sensors Market Revenues & Volume, By Automotive, 2021- 2031F |
6.4.4 Grenada Light Sensors Market Revenues & Volume, By Home Automation, 2021- 2031F |
6.4.5 Grenada Light Sensors Market Revenues & Volume, By Industrial Automation, 2021- 2031F |
6.4.6 Grenada Light Sensors Market Revenues & Volume, By Healthcare, 2021- 2031F |
6.4.7 Grenada Light Sensors Market Revenues & Volume, By Entertainment, 2021- 2031F |
7 Grenada Light Sensors Market Import-Export Trade Statistics |
7.1 Grenada Light Sensors Market Export to Major Countries |
7.2 Grenada Light Sensors Market Imports from Major Countries |
8 Grenada Light Sensors Market Key Performance Indicators |
8.1 Energy savings percentage attributed to light sensors |
8.2 Number of new smart home/building projects integrating light sensors |
8.3 Percentage increase in government incentives or regulations promoting the use of light sensors |
9 Grenada Light Sensors Market - Opportunity Assessment |
9.1 Grenada Light Sensors Market Opportunity Assessment, By Function, 2021 & 2031F |
9.2 Grenada Light Sensors Market Opportunity Assessment, By Output, 2021 & 2031F |
9.3 Grenada Light Sensors Market Opportunity Assessment, By Integration, 2021 & 2031F |
9.4 Grenada Light Sensors Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
10 Grenada Light Sensors Market - Competitive Landscape |
10.1 Grenada Light Sensors Market Revenue Share, By Companies, 2024 |
10.2 Grenada Light Sensors 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