Grenada Off-Grid Solar Lighting Market (2025-2031) | Growth, Competitive Landscape, Companies, Outlook, Industry, Trends, Segmentation, Size & Revenue, Forecast, Analysis, Share, Value

Name: Grenada Off-Grid Solar Lighting Market (2025-2031) | Trends & Outlook
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy

Market Forecast By Product (Solar Lantern System, Solar Home System, Large Solar Home System), By Application (Residential, Commercial, Industrial) And Competitive Landscape

Product Code: ETC7376234	Publication Date: Sep 2024	Updated Date: Oct 2025	Product Type: Market Research Report
Publisher: 6Wresearch	Author: Shubham Padhi	No. of Pages: 75	No. of Figures: 35	No. of Tables: 20

Grenada Off-grid Solar Lighting Market Top 5 Importing Countries and Market Competition (HHI) Analysis

In 2024, Grenada continued to see a strong demand for off-grid solar lighting, with top importing countries including Panama, USA, China, Trinidad and Tobago, and South Korea. The market remained highly concentrated, as indicated by the high Herfindahl-Hirschman Index (HHI). The industry experienced significant growth with a compound annual growth rate (CAGR) of 44.39% from 2020 to 2024, and a notable growth rate of 31.58% from 2023 to 2024. This indicates a promising outlook for off-grid solar lighting imports in Grenada, driven by increasing awareness of renewable energy solutions.

Key Highlights of the Report:

Grenada Off-Grid Solar Lighting Market Outlook
Market Size of Grenada Off-Grid Solar Lighting Market, 2024
Forecast of Grenada Off-Grid Solar Lighting Market, 2031
Historical Data and Forecast of Grenada Off-Grid Solar Lighting Revenues & Volume for the Period 2021- 2031
Grenada Off-Grid Solar Lighting Market Trend Evolution
Grenada Off-Grid Solar Lighting Market Drivers and Challenges
Grenada Off-Grid Solar Lighting Price Trends
Grenada Off-Grid Solar Lighting Porter's Five Forces
Grenada Off-Grid Solar Lighting Industry Life Cycle
Historical Data and Forecast of Grenada Off-Grid Solar Lighting Market Revenues & Volume By Product for the Period 2021- 2031
Historical Data and Forecast of Grenada Off-Grid Solar Lighting Market Revenues & Volume By Solar Lantern System for the Period 2021- 2031
Historical Data and Forecast of Grenada Off-Grid Solar Lighting Market Revenues & Volume By Solar Home System for the Period 2021- 2031
Historical Data and Forecast of Grenada Off-Grid Solar Lighting Market Revenues & Volume By Large Solar Home System for the Period 2021- 2031
Historical Data and Forecast of Grenada Off-Grid Solar Lighting Market Revenues & Volume By Application for the Period 2021- 2031
Historical Data and Forecast of Grenada Off-Grid Solar Lighting Market Revenues & Volume By Residential for the Period 2021- 2031
Historical Data and Forecast of Grenada Off-Grid Solar Lighting Market Revenues & Volume By Commercial for the Period 2021- 2031
Historical Data and Forecast of Grenada Off-Grid Solar Lighting Market Revenues & Volume By Industrial for the Period 2021- 2031
Grenada Off-Grid Solar Lighting Import Export Trade Statistics
Market Opportunity Assessment By Product
Market Opportunity Assessment By Application
Grenada Off-Grid Solar Lighting Top Companies Market Share
Grenada Off-Grid Solar Lighting Competitive Benchmarking By Technical and Operational Parameters
Grenada Off-Grid Solar Lighting Company Profiles
Grenada Off-Grid Solar Lighting Key Strategic Recommendations

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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 Off-Grid Solar Lighting Market Overview

3.1 Grenada Country Macro Economic Indicators

3.2 Grenada Off-Grid Solar Lighting Market Revenues & Volume, 2021 & 2031F

3.3 Grenada Off-Grid Solar Lighting Market - Industry Life Cycle

3.4 Grenada Off-Grid Solar Lighting Market - Porter's Five Forces

3.5 Grenada Off-Grid Solar Lighting Market Revenues & Volume Share, By Product, 2021 & 2031F

3.6 Grenada Off-Grid Solar Lighting Market Revenues & Volume Share, By Application, 2021 & 2031F

4 Grenada Off-Grid Solar Lighting Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing awareness and adoption of renewable energy sources in Grenada

4.2.2 Government incentives and policies promoting off-grid solar lighting solutions

4.2.3 Growing demand for reliable and affordable electricity access in rural areas

4.3 Market Restraints

4.3.1 High initial costs associated with off-grid solar lighting systems

4.3.2 Limited access to financing for individuals and businesses to invest in solar lighting solutions

4.3.3 Lack of skilled workforce for installation and maintenance of off-grid solar lighting systems

5 Grenada Off-Grid Solar Lighting Market Trends

6 Grenada Off-Grid Solar Lighting Market, By Types

6.1 Grenada Off-Grid Solar Lighting Market, By Product

6.1.1 Overview and Analysis

6.1.2 Grenada Off-Grid Solar Lighting Market Revenues & Volume, By Product, 2021- 2031F

6.1.3 Grenada Off-Grid Solar Lighting Market Revenues & Volume, By Solar Lantern System, 2021- 2031F

6.1.4 Grenada Off-Grid Solar Lighting Market Revenues & Volume, By Solar Home System, 2021- 2031F

6.1.5 Grenada Off-Grid Solar Lighting Market Revenues & Volume, By Large Solar Home System, 2021- 2031F

6.2 Grenada Off-Grid Solar Lighting Market, By Application

6.2.1 Overview and Analysis

6.2.2 Grenada Off-Grid Solar Lighting Market Revenues & Volume, By Residential, 2021- 2031F

6.2.3 Grenada Off-Grid Solar Lighting Market Revenues & Volume, By Commercial, 2021- 2031F

6.2.4 Grenada Off-Grid Solar Lighting Market Revenues & Volume, By Industrial, 2021- 2031F

7 Grenada Off-Grid Solar Lighting Market Import-Export Trade Statistics

7.1 Grenada Off-Grid Solar Lighting Market Export to Major Countries

7.2 Grenada Off-Grid Solar Lighting Market Imports from Major Countries

8 Grenada Off-Grid Solar Lighting Market Key Performance Indicators

8.1 Average cost per watt of off-grid solar lighting systems in Grenada

8.2 Number of government initiatives supporting the adoption of off-grid solar lighting

8.3 Percentage increase in rural electrification rates attributed to off-grid solar lighting installations

9 Grenada Off-Grid Solar Lighting Market - Opportunity Assessment

9.1 Grenada Off-Grid Solar Lighting Market Opportunity Assessment, By Product, 2021 & 2031F

9.2 Grenada Off-Grid Solar Lighting Market Opportunity Assessment, By Application, 2021 & 2031F

10 Grenada Off-Grid Solar Lighting Market - Competitive Landscape

10.1 Grenada Off-Grid Solar Lighting Market Revenue Share, By Companies, 2024

10.2 Grenada Off-Grid Solar Lighting Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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Export potential assessment - trade Analytics for 2030

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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