| Product Code: ETC7373655 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The import shipments of infrared LED lighting to Grenada have seen significant growth, with a high concentration of suppliers in top exporting countries like the USA, UK, China, Spain, and Germany. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), has increased from high to very high in 2024. The compound annual growth rate (CAGR) from 2020 to 2024 stands at an impressive 21.98%, with a notable growth rate of 55.79% from 2023 to 2024, indicating a thriving market for these products in Grenada.
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 Lighting Infrared LED Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Lighting Infrared LED Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Lighting Infrared LED Market - Industry Life Cycle |
3.4 Grenada Lighting Infrared LED Market - Porter's Five Forces |
3.5 Grenada Lighting Infrared LED Market Revenues & Volume Share, By Spectral range, 2021 & 2031F |
3.6 Grenada Lighting Infrared LED Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Grenada Lighting Infrared LED Market Revenues & Volume Share, By End-use, 2021 & 2031F |
4 Grenada Lighting Infrared LED Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient lighting solutions |
4.2.2 Growing awareness about the benefits of infrared LED technology |
4.2.3 Government initiatives promoting the adoption of sustainable lighting solutions |
4.3 Market Restraints |
4.3.1 High initial costs of infrared LED lighting systems |
4.3.2 Limited consumer awareness about the features and applications of infrared LED technology |
4.3.3 Lack of standardized regulations for infrared LED products |
5 Grenada Lighting Infrared LED Market Trends |
6 Grenada Lighting Infrared LED Market, By Types |
6.1 Grenada Lighting Infrared LED Market, By Spectral range |
6.1.1 Overview and Analysis |
6.1.2 Grenada Lighting Infrared LED Market Revenues & Volume, By Spectral range, 2021- 2031F |
6.1.3 Grenada Lighting Infrared LED Market Revenues & Volume, By Short-Wave Infrared (SWIR) LED, 2021- 2031F |
6.1.4 Grenada Lighting Infrared LED Market Revenues & Volume, By Medium-Wave Infrared (MWIR) LED, 2021- 2031F |
6.1.5 Grenada Lighting Infrared LED Market Revenues & Volume, By Long-Wave Infrared (LWIR) LED, 2021- 2031F |
6.2 Grenada Lighting Infrared LED Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Lighting Infrared LED Market Revenues & Volume, By Biometrics, 2021- 2031F |
6.2.3 Grenada Lighting Infrared LED Market Revenues & Volume, By Imaging, 2021- 2031F |
6.2.4 Grenada Lighting Infrared LED Market Revenues & Volume, By Lighting, 2021- 2031F |
6.2.5 Grenada Lighting Infrared LED Market Revenues & Volume, By Remote Sensing, 2021- 2031F |
6.2.6 Grenada Lighting Infrared LED Market Revenues & Volume, By Surveillance, 2021- 2031F |
6.3 Grenada Lighting Infrared LED Market, By End-use |
6.3.1 Overview and Analysis |
6.3.2 Grenada Lighting Infrared LED Market Revenues & Volume, By Aerospace & Defence, 2021- 2031F |
6.3.3 Grenada Lighting Infrared LED Market Revenues & Volume, By Automotive, 2021- 2031F |
6.3.4 Grenada Lighting Infrared LED Market Revenues & Volume, By BFSI, 2021- 2031F |
6.3.5 Grenada Lighting Infrared LED Market Revenues & Volume, By Consumer Electronics, 2021- 2031F |
6.3.6 Grenada Lighting Infrared LED Market Revenues & Volume, By Education, 2021- 2031F |
6.3.7 Grenada Lighting Infrared LED Market Revenues & Volume, By Healthcare, 2021- 2031F |
6.3.8 Grenada Lighting Infrared LED Market Revenues & Volume, By Retail, 2021- 2031F |
6.3.9 Grenada Lighting Infrared LED Market Revenues & Volume, By Retail, 2021- 2031F |
7 Grenada Lighting Infrared LED Market Import-Export Trade Statistics |
7.1 Grenada Lighting Infrared LED Market Export to Major Countries |
7.2 Grenada Lighting Infrared LED Market Imports from Major Countries |
8 Grenada Lighting Infrared LED Market Key Performance Indicators |
8.1 Energy savings achieved by using infrared LED lighting solutions |
8.2 Number of new product developments and innovations in the infrared LED market |
8.3 Adoption rate of infrared LED technology in commercial and residential sectors |
9 Grenada Lighting Infrared LED Market - Opportunity Assessment |
9.1 Grenada Lighting Infrared LED Market Opportunity Assessment, By Spectral range, 2021 & 2031F |
9.2 Grenada Lighting Infrared LED Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Grenada Lighting Infrared LED Market Opportunity Assessment, By End-use, 2021 & 2031F |
10 Grenada Lighting Infrared LED Market - Competitive Landscape |
10.1 Grenada Lighting Infrared LED Market Revenue Share, By Companies, 2024 |
10.2 Grenada Lighting Infrared 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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