Grenada Solid-State and Other Energy-Efficient Lighting Market (2025-2031) | Segmentation, Analysis, Value, Industry, Trends, Size, Growth, Companies, Outlook, Share, Forecast & Revenue

Name: Grenada Solid-State and Other Energy-Efficient Lighting Market (2025-2031) | Outlook Growth & Value
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy

Market Forecast By Technology (Solid-State, HID, Fluorescent), By Installation Type (New Installation, Retrofit Installation), By Offering (Hardware, Software, Services), By Application (General Lighting, Backlighting, Automotive Lighting, Medical Lighting, Others) And Competitive Landscape

Product Code: ETC5601182	Publication Date: Nov 2023	Updated Date: Oct 2025	Product Type: Market Research Report
Publisher: 6Wresearch	Author: Ravi Bhandari	No. of Pages: 60	No. of Figures: 30	No. of Tables: 5

Grenada Solid-state and Other Energy-efficient Lighting Market Top 5 Importing Countries and Market Competition (HHI) Analysis

The import shipments of Grenada for solid-state and energy-efficient lighting products in 2024 continued to be dominated by top exporting countries such as China, USA, UK, Dominican Republic, and Hong Kong. Despite a high Herfindahl-Hirschman Index indicating market concentration, the industry saw significant growth with a remarkable CAGR of 61.49% from 2020 to 2024. However, there was a slight decline in the growth rate from 2023 to 2024 at -27.09%, signaling a potential shift in market dynamics. Stakeholders should closely monitor these trends to capitalize on emerging opportunities in the energy-efficient lighting sector.

Key Highlights of the Report:

Grenada Solid-State and Other Energy-Efficient Lighting Market Outlook
Market Size of Grenada Solid-State and Other Energy-Efficient Lighting Market, 2024
Forecast of Grenada Solid-State and Other Energy-Efficient Lighting Market, 2031
Historical Data and Forecast of Grenada Solid-State and Other Energy-Efficient Lighting Revenues & Volume for the Period 2021-2031
Grenada Solid-State and Other Energy-Efficient Lighting Market Trend Evolution
Grenada Solid-State and Other Energy-Efficient Lighting Market Drivers and Challenges
Grenada Solid-State and Other Energy-Efficient Lighting Price Trends
Grenada Solid-State and Other Energy-Efficient Lighting Porter`s Five Forces
Grenada Solid-State and Other Energy-Efficient Lighting Industry Life Cycle
Historical Data and Forecast of Grenada Solid-State and Other Energy-Efficient Lighting Market Revenues & Volume By Technology for the Period 2021-2031
Historical Data and Forecast of Grenada Solid-State and Other Energy-Efficient Lighting Market Revenues & Volume By Solid-State for the Period 2021-2031
Historical Data and Forecast of Grenada Solid-State and Other Energy-Efficient Lighting Market Revenues & Volume By HID for the Period 2021-2031
Historical Data and Forecast of Grenada Solid-State and Other Energy-Efficient Lighting Market Revenues & Volume By Fluorescent for the Period 2021-2031
Historical Data and Forecast of Grenada Solid-State and Other Energy-Efficient Lighting Market Revenues & Volume By Installation Type for the Period 2021-2031
Historical Data and Forecast of Grenada Solid-State and Other Energy-Efficient Lighting Market Revenues & Volume By New Installation for the Period 2021-2031
Historical Data and Forecast of Grenada Solid-State and Other Energy-Efficient Lighting Market Revenues & Volume By Retrofit Installation for the Period 2021-2031
Historical Data and Forecast of Grenada Solid-State and Other Energy-Efficient Lighting Market Revenues & Volume By Offering for the Period 2021-2031
Historical Data and Forecast of Grenada Solid-State and Other Energy-Efficient Lighting Market Revenues & Volume By Hardware for the Period 2021-2031
Historical Data and Forecast of Grenada Solid-State and Other Energy-Efficient Lighting Market Revenues & Volume By Software for the Period 2021-2031
Historical Data and Forecast of Grenada Solid-State and Other Energy-Efficient Lighting Market Revenues & Volume By Services for the Period 2021-2031
Historical Data and Forecast of Grenada Solid-State and Other Energy-Efficient Lighting Market Revenues & Volume By Application for the Period 2021-2031
Historical Data and Forecast of Grenada Solid-State and Other Energy-Efficient Lighting Market Revenues & Volume By General Lighting for the Period 2021-2031
Historical Data and Forecast of Grenada Solid-State and Other Energy-Efficient Lighting Market Revenues & Volume By Backlighting for the Period 2021-2031
Historical Data and Forecast of Grenada Solid-State and Other Energy-Efficient Lighting Market Revenues & Volume By Automotive Lighting for the Period 2021-2031
Historical Data and Forecast of Grenada Solid-State and Other Energy-Efficient Lighting Market Revenues & Volume By Medical Lighting for the Period 2021-2031
Historical Data and Forecast of Grenada Solid-State and Other Energy-Efficient Lighting Market Revenues & Volume By Others for the Period 2021-2031
Grenada Solid-State and Other Energy-Efficient Lighting Import Export Trade Statistics
Market Opportunity Assessment By Technology
Market Opportunity Assessment By Installation Type
Market Opportunity Assessment By Offering
Market Opportunity Assessment By Application
Grenada Solid-State and Other Energy-Efficient Lighting Top Companies Market Share
Grenada Solid-State and Other Energy-Efficient Lighting Competitive Benchmarking By Technical and Operational Parameters
Grenada Solid-State and Other Energy-Efficient Lighting Company Profiles
Grenada Solid-State and Other Energy-Efficient 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 Solid-State and Other Energy-Efficient Lighting Market Overview

3.1 Grenada Country Macro Economic Indicators

3.2 Grenada Solid-State and Other Energy-Efficient Lighting Market Revenues & Volume, 2021 & 2031F

3.3 Grenada Solid-State and Other Energy-Efficient Lighting Market - Industry Life Cycle

3.4 Grenada Solid-State and Other Energy-Efficient Lighting Market - Porter's Five Forces

3.5 Grenada Solid-State and Other Energy-Efficient Lighting Market Revenues & Volume Share, By Technology , 2021 & 2031F

3.6 Grenada Solid-State and Other Energy-Efficient Lighting Market Revenues & Volume Share, By Installation Type , 2021 & 2031F

3.7 Grenada Solid-State and Other Energy-Efficient Lighting Market Revenues & Volume Share, By Offering , 2021 & 2031F

3.8 Grenada Solid-State and Other Energy-Efficient Lighting Market Revenues & Volume Share, By Application, 2021 & 2031F

4 Grenada Solid-State and Other Energy-Efficient Lighting Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing awareness and adoption of energy-efficient lighting solutions in Grenada

4.2.2 Government initiatives and regulations promoting energy efficiency and sustainability

4.2.3 Technological advancements leading to improved performance and cost-effectiveness of solid-state lighting products

4.3 Market Restraints

4.3.1 High initial investment cost of solid-state and other energy-efficient lighting solutions

4.3.2 Limited availability of skilled professionals for installation and maintenance of these lighting systems

4.3.3 Lack of consumer awareness and education about the benefits of energy-efficient lighting options

5 Grenada Solid-State and Other Energy-Efficient Lighting Market Trends

6 Grenada Solid-State and Other Energy-Efficient Lighting Market Segmentations

6.1 Grenada Solid-State and Other Energy-Efficient Lighting Market, By Technology

6.1.1 Overview and Analysis

6.1.2 Grenada Solid-State and Other Energy-Efficient Lighting Market Revenues & Volume, By Solid-State, 2021-2031F

6.1.3 Grenada Solid-State and Other Energy-Efficient Lighting Market Revenues & Volume, By HID, 2021-2031F

6.1.4 Grenada Solid-State and Other Energy-Efficient Lighting Market Revenues & Volume, By Fluorescent, 2021-2031F

6.2 Grenada Solid-State and Other Energy-Efficient Lighting Market, By Installation Type

6.2.1 Overview and Analysis

6.2.2 Grenada Solid-State and Other Energy-Efficient Lighting Market Revenues & Volume, By New Installation, 2021-2031F

6.2.3 Grenada Solid-State and Other Energy-Efficient Lighting Market Revenues & Volume, By Retrofit Installation, 2021-2031F

6.3 Grenada Solid-State and Other Energy-Efficient Lighting Market, By Offering

6.3.1 Overview and Analysis

6.3.2 Grenada Solid-State and Other Energy-Efficient Lighting Market Revenues & Volume, By Hardware, 2021-2031F

6.3.3 Grenada Solid-State and Other Energy-Efficient Lighting Market Revenues & Volume, By Software, 2021-2031F

6.3.4 Grenada Solid-State and Other Energy-Efficient Lighting Market Revenues & Volume, By Services, 2021-2031F

6.4 Grenada Solid-State and Other Energy-Efficient Lighting Market, By Application

6.4.1 Overview and Analysis

6.4.2 Grenada Solid-State and Other Energy-Efficient Lighting Market Revenues & Volume, By General Lighting, 2021-2031F

6.4.3 Grenada Solid-State and Other Energy-Efficient Lighting Market Revenues & Volume, By Backlighting, 2021-2031F

6.4.4 Grenada Solid-State and Other Energy-Efficient Lighting Market Revenues & Volume, By Automotive Lighting, 2021-2031F

6.4.5 Grenada Solid-State and Other Energy-Efficient Lighting Market Revenues & Volume, By Medical Lighting, 2021-2031F

6.4.6 Grenada Solid-State and Other Energy-Efficient Lighting Market Revenues & Volume, By Others, 2021-2031F

7 Grenada Solid-State and Other Energy-Efficient Lighting Market Import-Export Trade Statistics

7.1 Grenada Solid-State and Other Energy-Efficient Lighting Market Export to Major Countries

7.2 Grenada Solid-State and Other Energy-Efficient Lighting Market Imports from Major Countries

8 Grenada Solid-State and Other Energy-Efficient Lighting Market Key Performance Indicators

8.1 Energy savings achieved through the adoption of solid-state and other energy-efficient lighting systems

8.2 Reduction in carbon footprint as a result of using energy-efficient lighting solutions

8.3 Increase in the number of energy audits conducted in commercial and residential buildings to assess lighting efficiency

8.4 Number of government policies or incentives introduced to promote the use of energy-efficient lighting

8.5 Percentage of households and businesses in Grenada using solid-state and other energy-efficient lighting technologies

9 Grenada Solid-State and Other Energy-Efficient Lighting Market - Opportunity Assessment

9.1 Grenada Solid-State and Other Energy-Efficient Lighting Market Opportunity Assessment, By Technology , 2021 & 2031F

9.2 Grenada Solid-State and Other Energy-Efficient Lighting Market Opportunity Assessment, By Installation Type , 2021 & 2031F

9.3 Grenada Solid-State and Other Energy-Efficient Lighting Market Opportunity Assessment, By Offering , 2021 & 2031F

9.4 Grenada Solid-State and Other Energy-Efficient Lighting Market Opportunity Assessment, By Application, 2021 & 2031F

10 Grenada Solid-State and Other Energy-Efficient Lighting Market - Competitive Landscape

10.1 Grenada Solid-State and Other Energy-Efficient Lighting Market Revenue Share, By Companies, 2024

10.2 Grenada Solid-State and Other Energy-Efficient 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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