| Product Code: ETC7382907 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Grenada continued to see a significant influx of UV-LED imports, with top exporting countries including China, USA, UK, Spain, and India. Despite the high concentration of shipments, the Herfindahl-Hirschman Index (HHI) remained at elevated levels. The impressive compound annual growth rate (CAGR) of 35.77% from 2020 to 2024 highlights the strong demand for UV-LED products in Grenada. However, the negative growth rate of -60.32% from 2023 to 2024 indicates a potential slowdown or shift in market dynamics that importers and stakeholders should monitor closely.
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 UV-LED Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada UV-LED Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada UV-LED Market - Industry Life Cycle |
3.4 Grenada UV-LED Market - Porter's Five Forces |
3.5 Grenada UV-LED Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada UV-LED Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada UV-LED Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about the benefits of UV-LED technology in Grenada |
4.2.2 Growing demand for energy-efficient lighting solutions |
4.2.3 Government initiatives promoting the adoption of sustainable technologies in Grenada |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with UV-LED technology |
4.3.2 Limited availability of skilled workforce for UV-LED installation and maintenance in Grenada |
4.3.3 Concerns regarding the performance and reliability of UV-LED products in extreme environmental conditions |
5 Grenada UV-LED Market Trends |
6 Grenada UV-LED Market, By Types |
6.1 Grenada UV-LED Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada UV-LED Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Grenada UV-LED Market Revenues & Volume, By UV-A LED, 2021- 2031F |
6.1.4 Grenada UV-LED Market Revenues & Volume, By UV-B LED, 2021- 2031F |
6.1.5 Grenada UV-LED Market Revenues & Volume, By UV-C LED, 2021- 2031F |
6.2 Grenada UV-LED Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada UV-LED Market Revenues & Volume, By Sterilization & Disinfection, 2021- 2031F |
6.2.3 Grenada UV-LED Market Revenues & Volume, By Analytic Tools, 2021- 2031F |
6.2.4 Grenada UV-LED Market Revenues & Volume, By Curing, 2021- 2031F |
6.2.5 Grenada UV-LED Market Revenues & Volume, By Others, 2021- 2031F |
7 Grenada UV-LED Market Import-Export Trade Statistics |
7.1 Grenada UV-LED Market Export to Major Countries |
7.2 Grenada UV-LED Market Imports from Major Countries |
8 Grenada UV-LED Market Key Performance Indicators |
8.1 Energy savings achieved through the adoption of UV-LED technology in Grenada |
8.2 Number of government projects integrating UV-LED technology |
8.3 Rate of adoption of UV-LED lighting solutions in commercial and residential sectors |
9 Grenada UV-LED Market - Opportunity Assessment |
9.1 Grenada UV-LED Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada UV-LED Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada UV-LED Market - Competitive Landscape |
10.1 Grenada UV-LED Market Revenue Share, By Companies, 2024 |
10.2 Grenada UV-LED 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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