| Product Code: ETC4948038 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The lighting equipment import market in Grenada experienced significant growth in 2024, with the top exporting countries being the USA, UK, China, Panama, and Spain. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), increased from high to very high in 2024, indicating a more concentrated market. The compound annual growth rate (CAGR) from 2020 to 2024 stood at an impressive 22.29%, with a notable growth rate of 15.98% from 2023 to 2024. This data suggests a robust demand for lighting equipment in Grenada and highlights the competitiveness among key exporting countries.
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 Lighting equipment Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Lighting equipment Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Lighting equipment Market - Industry Life Cycle |
3.4 Grenada Lighting equipment Market - Porter's Five Forces |
3.5 Grenada Lighting equipment Market Revenues & Volume Share, By ? Application, 2021 & 2031F |
3.6 Grenada Lighting equipment Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 Grenada Lighting equipment Market Revenues & Volume Share, By ? End Users, 2021 & 2031F |
4 Grenada Lighting equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Lighting equipment Market Trends |
6 Grenada Lighting equipment Market Segmentations |
6.1 Grenada Lighting equipment Market, By ? Application |
6.1.1 Overview and Analysis |
6.1.2 Grenada Lighting equipment Market Revenues & Volume, By General Purpose Lighting, 2021-2031F |
6.1.3 Grenada Lighting equipment Market Revenues & Volume, By Vehicle/Automobile Lighting, 2021-2031F |
6.1.4 Grenada Lighting equipment Market Revenues & Volume, By Backlighting, 2021-2031F |
6.1.5 Grenada Lighting equipment Market Revenues & Volume, By Others? , 2021-2031F |
6.2 Grenada Lighting equipment Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Grenada Lighting equipment Market Revenues & Volume, By Conventional Lighting/Non-Environment Friendly Lighting, 2021-2031F |
6.2.3 Grenada Lighting equipment Market Revenues & Volume, By Environment Friendly Lighting, 2021-2031F |
6.2.4 Grenada Lighting equipment Market Revenues & Volume, By SSL (Solid State Lighting), 2021-2031F |
6.2.5 Grenada Lighting equipment Market Revenues & Volume, By LED (Light Emitting Diodes), 2021-2031F |
6.2.6 Grenada Lighting equipment Market Revenues & Volume, By OLED (Organic Light Emitting Diodes), 2021-2031F |
6.2.7 Grenada Lighting equipment Market Revenues & Volume, By PLED (Polymer Light Emitting Diodes)? , 2021-2031F |
6.3 Grenada Lighting equipment Market, By ? End Users |
6.3.1 Overview and Analysis |
6.3.2 Grenada Lighting equipment Market Revenues & Volume, By Industrial, 2021-2031F |
6.3.3 Grenada Lighting equipment Market Revenues & Volume, By Commercial, 2021-2031F |
6.3.4 Grenada Lighting equipment Market Revenues & Volume, By Others? , 2021-2031F |
7 Grenada Lighting equipment Market Import-Export Trade Statistics |
7.1 Grenada Lighting equipment Market Export to Major Countries |
7.2 Grenada Lighting equipment Market Imports from Major Countries |
8 Grenada Lighting equipment Market Key Performance Indicators |
9 Grenada Lighting equipment Market - Opportunity Assessment |
9.1 Grenada Lighting equipment Market Opportunity Assessment, By ? Application, 2021 & 2031F |
9.2 Grenada Lighting equipment Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 Grenada Lighting equipment Market Opportunity Assessment, By ? End Users, 2021 & 2031F |
10 Grenada Lighting equipment Market - Competitive Landscape |
10.1 Grenada Lighting equipment Market Revenue Share, By Companies, 2024 |
10.2 Grenada Lighting equipment 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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