| Product Code: ETC10290598 | 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 |
The import shipments of solid-state lighting and fluorescent lighting to Grenada have shown remarkable growth, with a high Herfindahl-Hirschman Index (HHI) indicating increasing market concentration. The top exporting countries like the USA, UK, China, Spain, and Germany have played a significant role in this surge. With a notable Compound Annual Growth Rate (CAGR) of 20.62% from 2020 to 2024 and an impressive growth rate of 54.74% from 2023 to 2024, Grenada`s lighting market is experiencing rapid expansion and heightened competition among key 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 Solid State Lighting and Fluorescent Lighting Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Solid State Lighting and Fluorescent Lighting Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Solid State Lighting and Fluorescent Lighting Market - Industry Life Cycle |
3.4 Grenada Solid State Lighting and Fluorescent Lighting Market - Porter's Five Forces |
3.5 Grenada Solid State Lighting and Fluorescent Lighting Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Solid State Lighting and Fluorescent Lighting Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Grenada Solid State Lighting and Fluorescent Lighting Market Revenues & Volume Share, By End Use, 2021 & 2031F |
3.8 Grenada Solid State Lighting and Fluorescent Lighting Market Revenues & Volume Share, By Light Technology, 2021 & 2031F |
4 Grenada Solid State Lighting and Fluorescent Lighting Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient lighting solutions |
4.2.2 Technological advancements in solid-state lighting |
4.2.3 Government initiatives promoting the adoption of energy-efficient lighting |
4.3 Market Restraints |
4.3.1 High initial costs of LED lighting products |
4.3.2 Limited awareness and education about the benefits of solid-state lighting |
4.3.3 Competition from traditional lighting technologies |
5 Grenada Solid State Lighting and Fluorescent Lighting Market Trends |
6 Grenada Solid State Lighting and Fluorescent Lighting Market, By Types |
6.1 Grenada Solid State Lighting and Fluorescent Lighting Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Solid State Lighting and Fluorescent Lighting Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Grenada Solid State Lighting and Fluorescent Lighting Market Revenues & Volume, By Solid State Lighting, 2021 - 2031F |
6.1.4 Grenada Solid State Lighting and Fluorescent Lighting Market Revenues & Volume, By Fluorescent Lighting, 2021 - 2031F |
6.1.5 Grenada Solid State Lighting and Fluorescent Lighting Market Revenues & Volume, By Hybrid, 2021 - 2031F |
6.1.6 Grenada Solid State Lighting and Fluorescent Lighting Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 Grenada Solid State Lighting and Fluorescent Lighting Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Solid State Lighting and Fluorescent Lighting Market Revenues & Volume, By General Lighting, 2021 - 2031F |
6.2.3 Grenada Solid State Lighting and Fluorescent Lighting Market Revenues & Volume, By Automotive Lighting, 2021 - 2031F |
6.2.4 Grenada Solid State Lighting and Fluorescent Lighting Market Revenues & Volume, By Industrial Lighting, 2021 - 2031F |
6.2.5 Grenada Solid State Lighting and Fluorescent Lighting Market Revenues & Volume, By Specialty Lighting, 2021 - 2031F |
6.3 Grenada Solid State Lighting and Fluorescent Lighting Market, By End Use |
6.3.1 Overview and Analysis |
6.3.2 Grenada Solid State Lighting and Fluorescent Lighting Market Revenues & Volume, By Residential, 2021 - 2031F |
6.3.3 Grenada Solid State Lighting and Fluorescent Lighting Market Revenues & Volume, By Commercial, 2021 - 2031F |
6.3.4 Grenada Solid State Lighting and Fluorescent Lighting Market Revenues & Volume, By Industrial, 2021 - 2031F |
6.3.5 Grenada Solid State Lighting and Fluorescent Lighting Market Revenues & Volume, By Outdoor, 2021 - 2031F |
6.4 Grenada Solid State Lighting and Fluorescent Lighting Market, By Light Technology |
6.4.1 Overview and Analysis |
6.4.2 Grenada Solid State Lighting and Fluorescent Lighting Market Revenues & Volume, By LED, 2021 - 2031F |
6.4.3 Grenada Solid State Lighting and Fluorescent Lighting Market Revenues & Volume, By OLED, 2021 - 2031F |
6.4.4 Grenada Solid State Lighting and Fluorescent Lighting Market Revenues & Volume, By Laser, 2021 - 2031F |
6.4.5 Grenada Solid State Lighting and Fluorescent Lighting Market Revenues & Volume, By Quantum Dot, 2021 - 2031F |
7 Grenada Solid State Lighting and Fluorescent Lighting Market Import-Export Trade Statistics |
7.1 Grenada Solid State Lighting and Fluorescent Lighting Market Export to Major Countries |
7.2 Grenada Solid State Lighting and Fluorescent Lighting Market Imports from Major Countries |
8 Grenada Solid State Lighting and Fluorescent Lighting Market Key Performance Indicators |
8.1 Energy savings achieved through the adoption of solid-state lighting |
8.2 Number of government projects incorporating energy-efficient lighting solutions |
8.3 Adoption rate of solid-state lighting in commercial and residential buildings |
8.4 Percentage of lighting retrofit projects using LED technology |
8.5 Number of new product launches in the solid-state lighting market |
9 Grenada Solid State Lighting and Fluorescent Lighting Market - Opportunity Assessment |
9.1 Grenada Solid State Lighting and Fluorescent Lighting Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Solid State Lighting and Fluorescent Lighting Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Grenada Solid State Lighting and Fluorescent Lighting Market Opportunity Assessment, By End Use, 2021 & 2031F |
9.4 Grenada Solid State Lighting and Fluorescent Lighting Market Opportunity Assessment, By Light Technology, 2021 & 2031F |
10 Grenada Solid State Lighting and Fluorescent Lighting Market - Competitive Landscape |
10.1 Grenada Solid State Lighting and Fluorescent Lighting Market Revenue Share, By Companies, 2024 |
10.2 Grenada Solid State Lighting and Fluorescent 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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