| Product Code: ETC5921313 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Grenada`s import shipments of automatic power factor controllers in 2024 saw a significant shift in market concentration, moving from moderate to high concentration according to the Herfindahl-Hirschman Index (HHI). Despite a negative growth rate of -43.03% in 2024, the compound annual growth rate (CAGR) from 2020 to 2024 was a promising 13.57%. The top countries exporting to Grenada in 2024 included the USA, UK, China, Trinidad and Tobago, and Panama, indicating a diverse source of imports for this product category.
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 Automatic Power Factor Controller Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Automatic Power Factor Controller Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Automatic Power Factor Controller Market - Industry Life Cycle |
3.4 Grenada Automatic Power Factor Controller Market - Porter's Five Forces |
3.5 Grenada Automatic Power Factor Controller Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Automatic Power Factor Controller Market Revenues & Volume Share, By Component, 2021 & 2031F |
4 Grenada Automatic Power Factor Controller Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing focus on energy efficiency and cost savings in industrial and commercial sectors |
4.2.2 Government initiatives promoting the use of energy-efficient technologies |
4.2.3 Growing adoption of automation and smart technologies in power management systems |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with installing automatic power factor controllers |
4.3.2 Lack of awareness and technical expertise in implementing power factor correction solutions |
4.3.3 Limited availability of skilled professionals for maintenance and support of automatic power factor controllers |
5 Grenada Automatic Power Factor Controller Market Trends |
6 Grenada Automatic Power Factor Controller Market Segmentations |
6.1 Grenada Automatic Power Factor Controller Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Automatic Power Factor Controller Market Revenues & Volume, By Active APFC , 2021-2031F |
6.1.3 Grenada Automatic Power Factor Controller Market Revenues & Volume, By Passive APFC, 2021-2031F |
6.2 Grenada Automatic Power Factor Controller Market, By Component |
6.2.1 Overview and Analysis |
6.2.2 Grenada Automatic Power Factor Controller Market Revenues & Volume, By Relays, 2021-2031F |
6.2.3 Grenada Automatic Power Factor Controller Market Revenues & Volume, By Capacitors, 2021-2031F |
6.2.4 Grenada Automatic Power Factor Controller Market Revenues & Volume, By Displays, 2021-2031F |
6.2.5 Grenada Automatic Power Factor Controller Market Revenues & Volume, By Microcontrollers, 2021-2031F |
6.2.6 Grenada Automatic Power Factor Controller Market Revenues & Volume, By Switches, 2021-2031F |
6.2.7 Grenada Automatic Power Factor Controller Market Revenues & Volume, By Resistors, 2021-2031F |
7 Grenada Automatic Power Factor Controller Market Import-Export Trade Statistics |
7.1 Grenada Automatic Power Factor Controller Market Export to Major Countries |
7.2 Grenada Automatic Power Factor Controller Market Imports from Major Countries |
8 Grenada Automatic Power Factor Controller Market Key Performance Indicators |
8.1 Power factor improvement rate |
8.2 Energy cost savings achieved through power factor correction |
8.3 Number of new installations or retrofits of automatic power factor controllers |
8.4 Percentage increase in the adoption of automatic power factor controllers |
8.5 Average payback period for investments in automatic power factor controllers |
9 Grenada Automatic Power Factor Controller Market - Opportunity Assessment |
9.1 Grenada Automatic Power Factor Controller Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Automatic Power Factor Controller Market Opportunity Assessment, By Component, 2021 & 2031F |
10 Grenada Automatic Power Factor Controller Market - Competitive Landscape |
10.1 Grenada Automatic Power Factor Controller Market Revenue Share, By Companies, 2024 |
10.2 Grenada Automatic Power Factor Controller 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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