| Product Code: ETC7373658 | 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 |
The import shipments of lighting products to Grenada in 2024 show a significant increase in concentration, with the top exporting countries being the USA, UK, China, Spain, and Germany. The high Herfindahl-Hirschman Index (HHI) indicates a competitive market. The impressive Compound Annual Growth Rate (CAGR) of 21.98% from 2020 to 2024 highlights the growing demand for lighting products in Grenada. The remarkable growth rate of 38.67% from 2023 to 2024 suggests a thriving market with opportunities for further expansion and development in the lighting industry.
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 Products Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Lighting Products Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Lighting Products Market - Industry Life Cycle |
3.4 Grenada Lighting Products Market - Porter's Five Forces |
3.5 Grenada Lighting Products Market Revenues & Volume Share, By Standalone Type, 2021 & 2031F |
3.6 Grenada Lighting Products Market Revenues & Volume Share, By Lighting Fixture, 2021 & 2031F |
3.7 Grenada Lighting Products Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Lighting Products Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing focus on energy efficiency and sustainability in Grenada |
4.2.2 Rising urbanization and infrastructure development projects |
4.2.3 Growing demand for smart lighting solutions in commercial and residential sectors |
4.3 Market Restraints |
4.3.1 High initial costs associated with LED and smart lighting technologies |
4.3.2 Limited awareness and adoption of energy-efficient lighting products in the market |
5 Grenada Lighting Products Market Trends |
6 Grenada Lighting Products Market, By Types |
6.1 Grenada Lighting Products Market, By Standalone Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Lighting Products Market Revenues & Volume, By Standalone Type, 2021- 2031F |
6.1.3 Grenada Lighting Products Market Revenues & Volume, By LED Tubes & Bulbs, 2021- 2031F |
6.1.4 Grenada Lighting Products Market Revenues & Volume, By T8 LED Tubes & Bulbs, 2021- 2031F |
6.1.5 Grenada Lighting Products Market Revenues & Volume, By Incandescent, 2021- 2031F |
6.1.6 Grenada Lighting Products Market Revenues & Volume, By High Intensity Discharge, 2021- 2031F |
6.2 Grenada Lighting Products Market, By Lighting Fixture |
6.2.1 Overview and Analysis |
6.2.2 Grenada Lighting Products Market Revenues & Volume, By Ceiling Fixtures, 2021- 2031F |
6.2.3 Grenada Lighting Products Market Revenues & Volume, By Recessed Lighting Fixture, 2021- 2031F |
6.2.4 Grenada Lighting Products Market Revenues & Volume, By Strip Light Fixture, 2021- 2031F |
6.2.5 Grenada Lighting Products Market Revenues & Volume, By Chandeliers, 2021- 2031F |
6.2.6 Grenada Lighting Products Market Revenues & Volume, By Pendants, 2021- 2031F |
6.3 Grenada Lighting Products Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Grenada Lighting Products Market Revenues & Volume, By Residential Lighting, 2021- 2031F |
6.3.3 Grenada Lighting Products Market Revenues & Volume, By Commercial Lighting, 2021- 2031F |
6.3.4 Grenada Lighting Products Market Revenues & Volume, By Industrial Lighting, 2021- 2031F |
6.3.5 Grenada Lighting Products Market Revenues & Volume, By Outdoor Lighting, 2021- 2031F |
7 Grenada Lighting Products Market Import-Export Trade Statistics |
7.1 Grenada Lighting Products Market Export to Major Countries |
7.2 Grenada Lighting Products Market Imports from Major Countries |
8 Grenada Lighting Products Market Key Performance Indicators |
8.1 Percentage of energy-efficient lighting products in the market |
8.2 Number of infrastructure projects incorporating modern lighting solutions |
8.3 Adoption rate of smart lighting technologies in commercial and residential buildings |
9 Grenada Lighting Products Market - Opportunity Assessment |
9.1 Grenada Lighting Products Market Opportunity Assessment, By Standalone Type, 2021 & 2031F |
9.2 Grenada Lighting Products Market Opportunity Assessment, By Lighting Fixture, 2021 & 2031F |
9.3 Grenada Lighting Products Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Lighting Products Market - Competitive Landscape |
10.1 Grenada Lighting Products Market Revenue Share, By Companies, 2024 |
10.2 Grenada Lighting Products 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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