Grenada Alternating Current (AC) Electric Drives Market (2025-2031) | Growth, Share, Value, Segmentation, Companies, Industry, Size & Revenue, Outlook, Competitive Landscape, Analysis, Forecast, Trends

Name: Grenada Alternating Current (AC) Electric Drives Market (2025-2031) | Growth & Share
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy

Market Forecast By Voltage (Low, Medium), By End-user Industry (Oil & Gas, Chemical & Petrochemical, Food & Beverage, Water & Wastewater, Power Generation, Metal & Mining, Pulp & Paper, HVAC) And Competitive Landscape

Product Code: ETC7363553	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

Grenada Alternating Current (Ac) Electric Drives Market Top 5 Importing Countries and Market Competition (HHI) Analysis

In 2024, Grenada saw a significant increase in the concentration of imports of alternating current (AC) electric drives, with top exporting countries being the USA, Trinidad and Tobago, UK, China, and Ireland. The high concentration of the Herfindahl-Hirschman Index (HHI) in 2023 escalated to very high levels in 2024, indicating a more consolidated market. Despite a negative compound annual growth rate (CAGR) from 2020 to 2024, there was a notable growth rate of 13.08% from 2023 to 2024, suggesting a potential upturn in demand for AC electric drives in Grenada.

Key Highlights of the Report:

Grenada Alternating Current (AC) Electric Drives Market Outlook
Market Size of Grenada Alternating Current (AC) Electric Drives Market, 2024
Forecast of Grenada Alternating Current (AC) Electric Drives Market, 2031
Historical Data and Forecast of Grenada Alternating Current (AC) Electric Drives Revenues & Volume for the Period 2021- 2031
Grenada Alternating Current (AC) Electric Drives Market Trend Evolution
Grenada Alternating Current (AC) Electric Drives Market Drivers and Challenges
Grenada Alternating Current (AC) Electric Drives Price Trends
Grenada Alternating Current (AC) Electric Drives Porter's Five Forces
Grenada Alternating Current (AC) Electric Drives Industry Life Cycle
Historical Data and Forecast of Grenada Alternating Current (AC) Electric Drives Market Revenues & Volume By Voltage for the Period 2021- 2031
Historical Data and Forecast of Grenada Alternating Current (AC) Electric Drives Market Revenues & Volume By Low for the Period 2021- 2031
Historical Data and Forecast of Grenada Alternating Current (AC) Electric Drives Market Revenues & Volume By Medium for the Period 2021- 2031
Historical Data and Forecast of Grenada Alternating Current (AC) Electric Drives Market Revenues & Volume By End-user Industry for the Period 2021- 2031
Historical Data and Forecast of Grenada Alternating Current (AC) Electric Drives Market Revenues & Volume By Oil & Gas for the Period 2021- 2031
Historical Data and Forecast of Grenada Alternating Current (AC) Electric Drives Market Revenues & Volume By Chemical & Petrochemical for the Period 2021- 2031
Historical Data and Forecast of Grenada Alternating Current (AC) Electric Drives Market Revenues & Volume By Food & Beverage for the Period 2021- 2031
Historical Data and Forecast of Grenada Alternating Current (AC) Electric Drives Market Revenues & Volume By Water & Wastewater for the Period 2021- 2031
Historical Data and Forecast of Grenada Alternating Current (AC) Electric Drives Market Revenues & Volume By Power Generation for the Period 2021- 2031
Historical Data and Forecast of Grenada Alternating Current (AC) Electric Drives Market Revenues & Volume By Metal & Mining for the Period 2021- 2031
Historical Data and Forecast of Grenada Alternating Current (AC) Electric Drives Market Revenues & Volume By Pulp & Paper for the Period 2021- 2031
Historical Data and Forecast of Grenada Alternating Current (AC) Electric Drives Market Revenues & Volume By HVAC for the Period 2021- 2031
Grenada Alternating Current (AC) Electric Drives Import Export Trade Statistics
Market Opportunity Assessment By Voltage
Market Opportunity Assessment By End-user Industry
Grenada Alternating Current (AC) Electric Drives Top Companies Market Share
Grenada Alternating Current (AC) Electric Drives Competitive Benchmarking By Technical and Operational Parameters
Grenada Alternating Current (AC) Electric Drives Company Profiles
Grenada Alternating Current (AC) Electric Drives Key Strategic Recommendations

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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 Alternating Current (AC) Electric Drives Market Overview

3.1 Grenada Country Macro Economic Indicators

3.2 Grenada Alternating Current (AC) Electric Drives Market Revenues & Volume, 2021 & 2031F

3.3 Grenada Alternating Current (AC) Electric Drives Market - Industry Life Cycle

3.4 Grenada Alternating Current (AC) Electric Drives Market - Porter's Five Forces

3.5 Grenada Alternating Current (AC) Electric Drives Market Revenues & Volume Share, By Voltage, 2021 & 2031F

3.6 Grenada Alternating Current (AC) Electric Drives Market Revenues & Volume Share, By End-user Industry, 2021 & 2031F

4 Grenada Alternating Current (AC) Electric Drives Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing demand for energy-efficient solutions in industries

4.2.2 Growing adoption of electric vehicles and renewable energy sources

4.2.3 Technological advancements in electric drive systems

4.3 Market Restraints

4.3.1 High initial investment cost for AC electric drives

4.3.2 Lack of skilled professionals for installation and maintenance

4.3.3 Concerns regarding the reliability and durability of AC electric drives

5 Grenada Alternating Current (AC) Electric Drives Market Trends

6 Grenada Alternating Current (AC) Electric Drives Market, By Types

6.1 Grenada Alternating Current (AC) Electric Drives Market, By Voltage

6.1.1 Overview and Analysis

6.1.2 Grenada Alternating Current (AC) Electric Drives Market Revenues & Volume, By Voltage, 2021- 2031F

6.1.3 Grenada Alternating Current (AC) Electric Drives Market Revenues & Volume, By Low, 2021- 2031F

6.1.4 Grenada Alternating Current (AC) Electric Drives Market Revenues & Volume, By Medium, 2021- 2031F

6.2 Grenada Alternating Current (AC) Electric Drives Market, By End-user Industry

6.2.1 Overview and Analysis

6.2.2 Grenada Alternating Current (AC) Electric Drives Market Revenues & Volume, By Oil & Gas, 2021- 2031F

6.2.3 Grenada Alternating Current (AC) Electric Drives Market Revenues & Volume, By Chemical & Petrochemical, 2021- 2031F

6.2.4 Grenada Alternating Current (AC) Electric Drives Market Revenues & Volume, By Food & Beverage, 2021- 2031F

6.2.5 Grenada Alternating Current (AC) Electric Drives Market Revenues & Volume, By Water & Wastewater, 2021- 2031F

6.2.6 Grenada Alternating Current (AC) Electric Drives Market Revenues & Volume, By Power Generation, 2021- 2031F

6.2.7 Grenada Alternating Current (AC) Electric Drives Market Revenues & Volume, By Metal & Mining, 2021- 2031F

6.2.8 Grenada Alternating Current (AC) Electric Drives Market Revenues & Volume, By HVAC, 2021- 2031F

6.2.9 Grenada Alternating Current (AC) Electric Drives Market Revenues & Volume, By HVAC, 2021- 2031F

7 Grenada Alternating Current (AC) Electric Drives Market Import-Export Trade Statistics

7.1 Grenada Alternating Current (AC) Electric Drives Market Export to Major Countries

7.2 Grenada Alternating Current (AC) Electric Drives Market Imports from Major Countries

8 Grenada Alternating Current (AC) Electric Drives Market Key Performance Indicators

8.1 Energy efficiency improvement rate of AC electric drives

8.2 Rate of adoption of electric vehicles and renewable energy sources in Grenada

8.3 Number of patents filed for technological advancements in AC electric drives

8.4 Percentage of businesses investing in training programs for AC electric drive maintenance personnel

8.5 Reduction in downtime and maintenance costs for AC electric drives.

9 Grenada Alternating Current (AC) Electric Drives Market - Opportunity Assessment

9.1 Grenada Alternating Current (AC) Electric Drives Market Opportunity Assessment, By Voltage, 2021 & 2031F

9.2 Grenada Alternating Current (AC) Electric Drives Market Opportunity Assessment, By End-user Industry, 2021 & 2031F

10 Grenada Alternating Current (AC) Electric Drives Market - Competitive Landscape

10.1 Grenada Alternating Current (AC) Electric Drives Market Revenue Share, By Companies, 2024

10.2 Grenada Alternating Current (AC) Electric Drives Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

Global Alternating Current (AC) Electric Drives Market

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Export potential assessment - trade Analytics for 2030

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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