| Product Code: ETC6311428 | 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 |
Barbados continued to rely on imports of gensets/generators in 2024, with top exporting countries being the USA, Panama, Ghana, Metropolitan France, and the UK. Despite a high Herfindahl-Hirschman Index (HHI) indicating market concentration, the industry experienced a negative compound annual growth rate (CAGR) of -2.14% from 2020 to 2024. Furthermore, the growth rate sharply declined by -36.44% from 2023 to 2024, reflecting challenges in the market.

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 Barbados Genset/Generator Market Overview |
3.1 Barbados Country Macro Economic Indicators |
3.2 Barbados Genset/Generator Market Revenues & Volume, 2021 & 2031F |
3.3 Barbados Genset/Generator Market - Industry Life Cycle |
3.4 Barbados Genset/Generator Market - Porter's Five Forces |
3.5 Barbados Genset/Generator Market Revenues & Volume Share, By Fuel Type, 2021 & 2031F |
3.6 Barbados Genset/Generator Market Revenues & Volume Share, By End-Use, 2021 & 2031F |
3.7 Barbados Genset/Generator Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Barbados Genset/Generator Market Revenues & Volume Share, By Capacity, 2021 & 2031F |
4 Barbados Genset/Generator Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for reliable power supply due to frequent power outages in Barbados |
4.2.2 Growth in construction and infrastructure development projects driving the need for generators |
4.2.3 Rising awareness about the importance of backup power solutions in residential and commercial sectors |
4.3 Market Restraints |
4.3.1 High initial investment cost of gensets/generators |
4.3.2 Availability of alternative power sources such as solar energy impacting genset/generator sales |
4.3.3 Stringent government regulations and environmental policies limiting the use of diesel generators |
5 Barbados Genset/Generator Market Trends |
6 Barbados Genset/Generator Market, By Types |
6.1 Barbados Genset/Generator Market, By Fuel Type |
6.1.1 Overview and Analysis |
6.1.2 Barbados Genset/Generator Market Revenues & Volume, By Fuel Type, 2021- 2031F |
6.1.3 Barbados Genset/Generator Market Revenues & Volume, By Diesel, 2021- 2031F |
6.1.4 Barbados Genset/Generator Market Revenues & Volume, By Gas, 2021- 2031F |
6.1.5 Barbados Genset/Generator Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Barbados Genset/Generator Market, By End-Use |
6.2.1 Overview and Analysis |
6.2.2 Barbados Genset/Generator Market Revenues & Volume, By Residential, 2021- 2031F |
6.2.3 Barbados Genset/Generator Market Revenues & Volume, By Commercial, 2021- 2031F |
6.2.4 Barbados Genset/Generator Market Revenues & Volume, By Industrial, 2021- 2031F |
6.2.5 Barbados Genset/Generator Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Barbados Genset/Generator Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Barbados Genset/Generator Market Revenues & Volume, By Stationary, 2021- 2031F |
6.3.3 Barbados Genset/Generator Market Revenues & Volume, By Portable, 2021- 2031F |
6.4 Barbados Genset/Generator Market, By Capacity |
6.4.1 Overview and Analysis |
6.4.2 Barbados Genset/Generator Market Revenues & Volume, By 0-100 kVA, 2021- 2031F |
6.4.3 Barbados Genset/Generator Market Revenues & Volume, By 100-350 kVA, 2021- 2031F |
6.4.4 Barbados Genset/Generator Market Revenues & Volume, By 350-1000 kVA, 2021- 2031F |
6.4.5 Barbados Genset/Generator Market Revenues & Volume, By Above 1000 kVA, 2021- 2031F |
7 Barbados Genset/Generator Market Import-Export Trade Statistics |
7.1 Barbados Genset/Generator Market Export to Major Countries |
7.2 Barbados Genset/Generator Market Imports from Major Countries |
8 Barbados Genset/Generator Market Key Performance Indicators |
8.1 Number of new construction permits issued in Barbados |
8.2 Frequency and duration of power outages in the region |
8.3 Percentage increase in demand for backup power solutions in residential and commercial sectors |
8.4 Adoption rate of renewable energy sources in Barbados |
8.5 Number of businesses opting for energy storage solutions |
9 Barbados Genset/Generator Market - Opportunity Assessment |
9.1 Barbados Genset/Generator Market Opportunity Assessment, By Fuel Type, 2021 & 2031F |
9.2 Barbados Genset/Generator Market Opportunity Assessment, By End-Use, 2021 & 2031F |
9.3 Barbados Genset/Generator Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Barbados Genset/Generator Market Opportunity Assessment, By Capacity, 2021 & 2031F |
10 Barbados Genset/Generator Market - Competitive Landscape |
10.1 Barbados Genset/Generator Market Revenue Share, By Companies, 2024 |
10.2 Barbados Genset/Generator 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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