| Product Code: ETC5769294 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Grenada`s low voltage cable import market in 2024 saw significant growth with a high Herfindahl-Hirschman Index (HHI) indicating concentrated market share. The top exporting countries to Grenada included the UK, Panama, USA, China, and other areas not elsewhere specified. Despite a strong compound annual growth rate (CAGR) of 25.38% from 2020 to 2024, there was a notable decline in the growth rate from 2023 to 2024 at -73.5%. Monitoring these trends will be crucial for stakeholders in the low voltage cable industry.
The low voltage cable market in Grenada supports electrical systems in residential, commercial, and industrial projects. These cables are essential for safe and efficient power distribution, with a focus on durability and compliance with safety standards.
The demand for Low Voltage Cables in Grenada is driven by increased construction activities, both residential and commercial, where the need for safe and reliable electrical systems is paramount. Additionally, the expanding telecommunications and energy sectors in Grenada are contributing to the market`s growth. Advancements in cable technologies, such as improved insulation materials and energy efficiency, further boost demand. Increased infrastructure development, particularly in urbanization and industrial projects, has also led to a rise in the need for low voltage cables.
The low voltage cable market in Grenada faces challenges related to infrastructure development and competition from imported alternatives. While low voltage cables are essential for residential and commercial electrical installations, the demand in Grenada is relatively low compared to larger markets. Local construction and development projects are smaller in scale, which limits the volume of cables required. Moreover, competition from international suppliers who can offer lower-priced cables poses a challenge to local manufacturers. There is also a lack of investment in the technology needed to produce high-quality cables, which makes it difficult for local companies to compete.
The low voltage cable market in Grenada is supported by government policies focused on infrastructure development and modernization. The demand for low voltage cables, used in electrical distribution and construction projects, is growing as Grenada upgrades its energy systems and public utilities. Government regulations ensure that cables meet international safety and performance standards, helping boost confidence in local manufacturers and encouraging market expansion.
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 Low Voltage Cable Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Low Voltage Cable Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Low Voltage Cable Market - Industry Life Cycle |
3.4 Grenada Low Voltage Cable Market - Porter's Five Forces |
3.5 Grenada Low Voltage Cable Market Revenues & Volume Share, By Overhead, 2021 & 2031F |
3.6 Grenada Low Voltage Cable Market Revenues & Volume Share, By Underground, 2021 & 2031F |
3.7 Grenada Low Voltage Cable Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Grenada Low Voltage Cable Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for electricity in Grenada |
4.2.2 Growing construction and infrastructure development projects in the country |
4.2.3 Shift towards renewable energy sources leading to the need for low voltage cables |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Competition from alternative energy sources like solar and wind energy |
4.3.3 Regulatory challenges and compliance requirements in the market |
5 Grenada Low Voltage Cable Market Trends |
6 Grenada Low Voltage Cable Market Segmentations |
6.1 Grenada Low Voltage Cable Market, By Overhead |
6.1.1 Overview and Analysis |
6.1.2 Grenada Low Voltage Cable Market Revenues & Volume, By Conductors, 2021-2031F |
6.1.3 Grenada Low Voltage Cable Market Revenues & Volume, By Fittings & Fixtures, 2021-2031F |
6.1.4 Grenada Low Voltage Cable Market Revenues & Volume, By Others, 2021-2031F |
6.2 Grenada Low Voltage Cable Market, By Underground |
6.2.1 Overview and Analysis |
6.2.2 Grenada Low Voltage Cable Market Revenues & Volume, By PVC Cables, 2021-2031F |
6.2.3 Grenada Low Voltage Cable Market Revenues & Volume, By XLPE Cables, 2021-2031F |
6.2.4 Grenada Low Voltage Cable Market Revenues & Volume, By Cable Terminations, 2021-2031F |
6.2.5 Grenada Low Voltage Cable Market Revenues & Volume, By Cable Joints, 2021-2031F |
6.2.6 Grenada Low Voltage Cable Market Revenues & Volume, By Others, 2021-2031F |
6.3 Grenada Low Voltage Cable Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Grenada Low Voltage Cable Market Revenues & Volume, By Infrastructure, 2021-2031F |
6.3.3 Grenada Low Voltage Cable Market Revenues & Volume, By Industrial, 2021-2031F |
6.3.4 Grenada Low Voltage Cable Market Revenues & Volume, By Renewables, 2021-2031F |
7 Grenada Low Voltage Cable Market Import-Export Trade Statistics |
7.1 Grenada Low Voltage Cable Market Export to Major Countries |
7.2 Grenada Low Voltage Cable Market Imports from Major Countries |
8 Grenada Low Voltage Cable Market Key Performance Indicators |
8.1 Average selling price of low voltage cables |
8.2 Number of new construction permits issued in Grenada |
8.3 Adoption rate of renewable energy technologies in the country |
9 Grenada Low Voltage Cable Market - Opportunity Assessment |
9.1 Grenada Low Voltage Cable Market Opportunity Assessment, By Overhead, 2021 & 2031F |
9.2 Grenada Low Voltage Cable Market Opportunity Assessment, By Underground, 2021 & 2031F |
9.3 Grenada Low Voltage Cable Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Grenada Low Voltage Cable Market - Competitive Landscape |
10.1 Grenada Low Voltage Cable Market Revenue Share, By Companies, 2024 |
10.2 Grenada Low Voltage Cable Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |