| Product Code: ETC10280998 | Publication Date: Apr 2025 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
Grenada`s solar lights import market in 2024 continued to be dominated by top exporters such as China, USA, UK, Spain, and India. Despite a high Herfindahl-Hirschman Index (HHI) indicating market concentration, the industry saw impressive growth with a CAGR of 35.77% from 2020 to 2024. However, there was a notable decline in the growth rate from 2023 to 2024 at -60.32%, signaling potential shifts in market dynamics. It will be crucial for importers and stakeholders to closely monitor these trends and adapt their strategies accordingly.
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 Lights Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Solar Lights Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Solar Lights Market - Industry Life Cycle |
3.4 Grenada Solar Lights Market - Porter's Five Forces |
3.5 Grenada Solar Lights Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Solar Lights Market Revenues & Volume Share, By Light Technology, 2021 & 2031F |
3.7 Grenada Solar Lights Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Grenada Solar Lights Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Grenada Solar Lights Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness and adoption of renewable energy sources |
4.2.2 Government incentives and policies promoting the use of solar energy |
4.2.3 Growing demand for energy-efficient lighting solutions in Grenada |
4.3 Market Restraints |
4.3.1 High initial investment costs for solar lighting systems |
4.3.2 Lack of widespread distribution channels for solar lights in Grenada |
4.3.3 Dependence on sunlight availability for solar lights to operate effectively |
5 Grenada Solar Lights Market Trends |
6 Grenada Solar Lights Market, By Types |
6.1 Grenada Solar Lights Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Solar Lights Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Grenada Solar Lights Market Revenues & Volume, By Street Lights, 2021 - 2031F |
6.1.4 Grenada Solar Lights Market Revenues & Volume, By Garden Lights, 2021 - 2031F |
6.1.5 Grenada Solar Lights Market Revenues & Volume, By Security Lights, 2021 - 2031F |
6.1.6 Grenada Solar Lights Market Revenues & Volume, By Decorative Lights, 2021 - 2031F |
6.1.7 Grenada Solar Lights Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 Grenada Solar Lights Market, By Light Technology |
6.2.1 Overview and Analysis |
6.2.2 Grenada Solar Lights Market Revenues & Volume, By LED, 2021 - 2031F |
6.2.3 Grenada Solar Lights Market Revenues & Volume, By Fluorescent, 2021 - 2031F |
6.2.4 Grenada Solar Lights Market Revenues & Volume, By Halogen, 2021 - 2031F |
6.2.5 Grenada Solar Lights Market Revenues & Volume, By Solar Powered, 2021 - 2031F |
6.2.6 Grenada Solar Lights Market Revenues & Volume, By Others, 2021 - 2031F |
6.3 Grenada Solar Lights Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Grenada Solar Lights Market Revenues & Volume, By Outdoor, 2021 - 2031F |
6.3.3 Grenada Solar Lights Market Revenues & Volume, By Residential, 2021 - 2031F |
6.3.4 Grenada Solar Lights Market Revenues & Volume, By Commercial, 2021 - 2031F |
6.3.5 Grenada Solar Lights Market Revenues & Volume, By Industrial, 2021 - 2031F |
6.3.6 Grenada Solar Lights Market Revenues & Volume, By Public Infrastructure, 2021 - 2031F |
6.4 Grenada Solar Lights Market, By End Use |
6.4.1 Overview and Analysis |
6.4.2 Grenada Solar Lights Market Revenues & Volume, By Municipal Corporations, 2021 - 2031F |
6.4.3 Grenada Solar Lights Market Revenues & Volume, By Homeowners, 2021 - 2031F |
6.4.4 Grenada Solar Lights Market Revenues & Volume, By Offices, 2021 - 2031F |
6.4.5 Grenada Solar Lights Market Revenues & Volume, By Factories, 2021 - 2031F |
6.4.6 Grenada Solar Lights Market Revenues & Volume, By Parks, 2021 - 2031F |
7 Grenada Solar Lights Market Import-Export Trade Statistics |
7.1 Grenada Solar Lights Market Export to Major Countries |
7.2 Grenada Solar Lights Market Imports from Major Countries |
8 Grenada Solar Lights Market Key Performance Indicators |
8.1 Average daily sunlight hours in Grenada |
8.2 Number of government incentives and policies supporting renewable energy adoption |
8.3 Percentage of households using solar lighting solutions |
9 Grenada Solar Lights Market - Opportunity Assessment |
9.1 Grenada Solar Lights Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Solar Lights Market Opportunity Assessment, By Light Technology, 2021 & 2031F |
9.3 Grenada Solar Lights Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Grenada Solar Lights Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Grenada Solar Lights Market - Competitive Landscape |
10.1 Grenada Solar Lights Market Revenue Share, By Companies, 2024 |
10.2 Grenada Solar Lights 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