| Product Code: ETC7381150 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Grenada continued to rely on solar lighting imports, with top exporters including Panama, USA, China, Trinidad and Tobago, and South Korea. The High Herfindahl-Hirschman Index (HHI) indicates a high level of market concentration. The impressive compound annual growth rate (CAGR) of 44.39% from 2020 to 2024 highlights the increasing demand for solar lighting in Grenada. Moreover, the growth rate of 31.58% from 2023 to 2024 suggests a sustained momentum in the market. Overall, the import shipments of solar lighting to Grenada are showing strong growth and market concentration.
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 Solar Lighting Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Solar Lighting Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Solar Lighting Market - Industry Life Cycle |
3.4 Grenada Solar Lighting Market - Porter's Five Forces |
3.5 Grenada Solar Lighting Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.6 Grenada Solar Lighting Market Revenues & Volume Share, By Grid Type, 2021 & 2031F |
3.7 Grenada Solar Lighting Market Revenues & Volume Share, By Capacity, 2021 & 2031F |
3.8 Grenada Solar Lighting Market Revenues & Volume Share, By End Use, 2021 & 2031F |
3.9 Grenada Solar Lighting Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.10 Grenada Solar Lighting Market Revenues & Volume Share, By Light Source, 2021 & 2031F |
3.11 Grenada Solar Lighting Market Revenues & Volume Share, By Installation Type, 2021 & 2031F |
4 Grenada Solar Lighting Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Solar Lighting Market Trends |
6 Grenada Solar Lighting Market, By Types |
6.1 Grenada Solar Lighting Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 Grenada Solar Lighting Market Revenues & Volume, By Component, 2021- 2031F |
6.1.3 Grenada Solar Lighting Market Revenues & Volume, By Hardware, 2021- 2031F |
6.1.4 Grenada Solar Lighting Market Revenues & Volume, By Software & Services, 2021- 2031F |
6.2 Grenada Solar Lighting Market, By Grid Type |
6.2.1 Overview and Analysis |
6.2.2 Grenada Solar Lighting Market Revenues & Volume, By Off-Grid, 2021- 2031F |
6.2.3 Grenada Solar Lighting Market Revenues & Volume, By Hybrid, 2021- 2031F |
6.3 Grenada Solar Lighting Market, By Capacity |
6.3.1 Overview and Analysis |
6.3.2 Grenada Solar Lighting Market Revenues & Volume, By Less than 5 Watt, 2021- 2031F |
6.3.3 Grenada Solar Lighting Market Revenues & Volume, By 5 Watt to 20 Watt, 2021- 2031F |
6.3.4 Grenada Solar Lighting Market Revenues & Volume, By 20 Watt to 35 Watt, 2021- 2031F |
6.3.5 Grenada Solar Lighting Market Revenues & Volume, By 35 Watt to 50 Watt, 2021- 2031F |
6.3.6 Grenada Solar Lighting Market Revenues & Volume, By Above 50 Watt, 2021- 2031F |
6.4 Grenada Solar Lighting Market, By End Use |
6.4.1 Overview and Analysis |
6.4.2 Grenada Solar Lighting Market Revenues & Volume, By Highways & Roadways Lighting, 2021- 2031F |
6.4.3 Grenada Solar Lighting Market Revenues & Volume, By Residential, 2021- 2031F |
6.4.4 Grenada Solar Lighting Market Revenues & Volume, By Commercial, 2021- 2031F |
6.4.5 Grenada Solar Lighting Market Revenues & Volume, By Industrial, 2021- 2031F |
6.4.6 Grenada Solar Lighting Market Revenues & Volume, By Others, 2021- 2031F |
6.5 Grenada Solar Lighting Market, By Application |
6.5.1 Overview and Analysis |
6.5.2 Grenada Solar Lighting Market Revenues & Volume, By Indoor, 2021- 2031F |
6.5.3 Grenada Solar Lighting Market Revenues & Volume, By Outdoor, 2021- 2031F |
6.6 Grenada Solar Lighting Market, By Light Source |
6.6.1 Overview and Analysis |
6.6.2 Grenada Solar Lighting Market Revenues & Volume, By LED, 2021- 2031F |
6.6.3 Grenada Solar Lighting Market Revenues & Volume, By Others, 2021- 2031F |
6.7 Grenada Solar Lighting Market, By Installation Type |
6.7.1 Overview and Analysis |
6.7.2 Grenada Solar Lighting Market Revenues & Volume, By New, 2021- 2031F |
6.7.3 Grenada Solar Lighting Market Revenues & Volume, By Retrofit, 2021- 2031F |
7 Grenada Solar Lighting Market Import-Export Trade Statistics |
7.1 Grenada Solar Lighting Market Export to Major Countries |
7.2 Grenada Solar Lighting Market Imports from Major Countries |
8 Grenada Solar Lighting Market Key Performance Indicators |
9 Grenada Solar Lighting Market - Opportunity Assessment |
9.1 Grenada Solar Lighting Market Opportunity Assessment, By Component, 2021 & 2031F |
9.2 Grenada Solar Lighting Market Opportunity Assessment, By Grid Type, 2021 & 2031F |
9.3 Grenada Solar Lighting Market Opportunity Assessment, By Capacity, 2021 & 2031F |
9.4 Grenada Solar Lighting Market Opportunity Assessment, By End Use, 2021 & 2031F |
9.5 Grenada Solar Lighting Market Opportunity Assessment, By Application, 2021 & 2031F |
9.6 Grenada Solar Lighting Market Opportunity Assessment, By Light Source, 2021 & 2031F |
9.7 Grenada Solar Lighting Market Opportunity Assessment, By Installation Type, 2021 & 2031F |
10 Grenada Solar Lighting Market - Competitive Landscape |
10.1 Grenada Solar Lighting Market Revenue Share, By Companies, 2024 |
10.2 Grenada Solar 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.
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