| Product Code: ETC10870822 | 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 |
In 2024, Grenada saw a significant influx of surface mount PLCC LEDs imports, primarily sourced from top exporting countries such as China, USA, UK, Spain, and India. Despite the high Herfindahl-Hirschman Index (HHI) indicating market concentration, the compound annual growth rate (CAGR) from 2020 to 2024 stands impressively at 35.77%. However, the growth rate took a temporary dip in 2024, showing a decline of -60.32% compared to the previous year. This data suggests a dynamic market landscape for surface mount PLCC LEDs in Grenada, influenced by diverse global trade dynamics.
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 Surface Mount PLCC LEDs Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Surface Mount PLCC LEDs Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Surface Mount PLCC LEDs Market - Industry Life Cycle |
3.4 Grenada Surface Mount PLCC LEDs Market - Porter's Five Forces |
3.5 Grenada Surface Mount PLCC LEDs Market Revenues & Volume Share, By Package Type, 2021 & 2031F |
3.6 Grenada Surface Mount PLCC LEDs Market Revenues & Volume Share, By Power Rating, 2021 & 2031F |
3.7 Grenada Surface Mount PLCC LEDs Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Grenada Surface Mount PLCC LEDs Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Grenada Surface Mount PLCC LEDs Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Surface Mount PLCC LEDs Market Trends |
6 Grenada Surface Mount PLCC LEDs Market, By Types |
6.1 Grenada Surface Mount PLCC LEDs Market, By Package Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Surface Mount PLCC LEDs Market Revenues & Volume, By Package Type, 2021 - 2031F |
6.1.3 Grenada Surface Mount PLCC LEDs Market Revenues & Volume, By PLCC2, 2021 - 2031F |
6.1.4 Grenada Surface Mount PLCC LEDs Market Revenues & Volume, By PLCC4, 2021 - 2031F |
6.2 Grenada Surface Mount PLCC LEDs Market, By Power Rating |
6.2.1 Overview and Analysis |
6.2.2 Grenada Surface Mount PLCC LEDs Market Revenues & Volume, By Low Power, 2021 - 2031F |
6.2.3 Grenada Surface Mount PLCC LEDs Market Revenues & Volume, By High Power, 2021 - 2031F |
6.3 Grenada Surface Mount PLCC LEDs Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Grenada Surface Mount PLCC LEDs Market Revenues & Volume, By Display Backlighting, 2021 - 2031F |
6.3.3 Grenada Surface Mount PLCC LEDs Market Revenues & Volume, By Automotive Lighting, 2021 - 2031F |
6.4 Grenada Surface Mount PLCC LEDs Market, By End Use |
6.4.1 Overview and Analysis |
6.4.2 Grenada Surface Mount PLCC LEDs Market Revenues & Volume, By Consumer Electronics, 2021 - 2031F |
6.4.3 Grenada Surface Mount PLCC LEDs Market Revenues & Volume, By Automotive, 2021 - 2031F |
7 Grenada Surface Mount PLCC LEDs Market Import-Export Trade Statistics |
7.1 Grenada Surface Mount PLCC LEDs Market Export to Major Countries |
7.2 Grenada Surface Mount PLCC LEDs Market Imports from Major Countries |
8 Grenada Surface Mount PLCC LEDs Market Key Performance Indicators |
9 Grenada Surface Mount PLCC LEDs Market - Opportunity Assessment |
9.1 Grenada Surface Mount PLCC LEDs Market Opportunity Assessment, By Package Type, 2021 & 2031F |
9.2 Grenada Surface Mount PLCC LEDs Market Opportunity Assessment, By Power Rating, 2021 & 2031F |
9.3 Grenada Surface Mount PLCC LEDs Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Grenada Surface Mount PLCC LEDs Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Grenada Surface Mount PLCC LEDs Market - Competitive Landscape |
10.1 Grenada Surface Mount PLCC LEDs Market Revenue Share, By Companies, 2024 |
10.2 Grenada Surface Mount PLCC LEDs 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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