| Product Code: ETC7374235 | 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 Grenada marine lighting import market continues to thrive in 2024, with a notable increase in concentration among the top exporting countries. The USA, UK, China, Spain, and Germany are key players in supplying marine lighting to Grenada. The high Herfindahl-Hirschman Index (HHI) indicates a very concentrated market, suggesting strong competition among these major exporters. With a remarkable Compound Annual Growth Rate (CAGR) of 21.01% from 2020 to 2024 and a rapid growth rate of 47.62% from 2023 to 2024, the Grenada marine lighting import sector is experiencing significant expansion and opportunities for market players.
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 Marine Lighting Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Marine Lighting Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Marine Lighting Market - Industry Life Cycle |
3.4 Grenada Marine Lighting Market - Porter's Five Forces |
3.5 Grenada Marine Lighting Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.6 Grenada Marine Lighting Market Revenues & Volume Share, By Type, 2021 & 2031F |
4 Grenada Marine Lighting Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient marine lighting solutions in Grenada |
4.2.2 Growing popularity of marine tourism industry in Grenada |
4.2.3 Government initiatives promoting sustainable and eco-friendly practices in the marine sector |
4.3 Market Restraints |
4.3.1 High initial investment cost for installing marine lighting systems |
4.3.2 Limited availability of skilled professionals for installation and maintenance of marine lighting solutions in Grenada |
5 Grenada Marine Lighting Market Trends |
6 Grenada Marine Lighting Market, By Types |
6.1 Grenada Marine Lighting Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 Grenada Marine Lighting Market Revenues & Volume, By Technology, 2021- 2031F |
6.1.3 Grenada Marine Lighting Market Revenues & Volume, By LED, 2021- 2031F |
6.1.4 Grenada Marine Lighting Market Revenues & Volume, By Fluoroscent, 2021- 2031F |
6.2 Grenada Marine Lighting Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Grenada Marine Lighting Market Revenues & Volume, By UnderWater Lighting, 2021- 2031F |
6.2.3 Grenada Marine Lighting Market Revenues & Volume, By Dock Lights, 2021- 2031F |
6.2.4 Grenada Marine Lighting Market Revenues & Volume, By Surface Mount, 2021- 2031F |
6.2.5 Grenada Marine Lighting Market Revenues & Volume, By Interior & Deck Lighting, 2021- 2031F |
7 Grenada Marine Lighting Market Import-Export Trade Statistics |
7.1 Grenada Marine Lighting Market Export to Major Countries |
7.2 Grenada Marine Lighting Market Imports from Major Countries |
8 Grenada Marine Lighting Market Key Performance Indicators |
8.1 Level of adoption of energy-efficient marine lighting solutions in Grenada |
8.2 Number of marine tourism businesses using advanced lighting technologies |
8.3 Percentage of government projects incorporating sustainable marine lighting practices |
9 Grenada Marine Lighting Market - Opportunity Assessment |
9.1 Grenada Marine Lighting Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.2 Grenada Marine Lighting Market Opportunity Assessment, By Type, 2021 & 2031F |
10 Grenada Marine Lighting Market - Competitive Landscape |
10.1 Grenada Marine Lighting Market Revenue Share, By Companies, 2024 |
10.2 Grenada Marine 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.
To discover high-growth global markets and optimize your business strategy:
Click Here