| Product Code: ETC7366513 | 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`s import shipments of centrifugal air compressors in 2024 continued to be dominated by key exporters such as the USA, China, UK, Italy, and Germany. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. With a remarkable compound annual growth rate (CAGR) of 27.43% from 2020 to 2024 and a notable growth rate of 34.97% from 2023 to 2024, the sector shows strong expansion potential and attractiveness for stakeholders. Manufacturers and policymakers should closely monitor these trends to capitalize on opportunities in the Grenadian 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 Grenada Centrifugal Air Compressor Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Centrifugal Air Compressor Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Centrifugal Air Compressor Market - Industry Life Cycle |
3.4 Grenada Centrifugal Air Compressor Market - Porter's Five Forces |
3.5 Grenada Centrifugal Air Compressor Market Revenues & Volume Share, By Lubrication, 2021 & 2031F |
3.6 Grenada Centrifugal Air Compressor Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Centrifugal Air Compressor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing industrialization in Grenada leading to higher demand for centrifugal air compressors |
4.2.2 Growing focus on energy efficiency and sustainability driving the adoption of centrifugal air compressors |
4.2.3 Technological advancements leading to more efficient and reliable centrifugal air compressor models |
4.3 Market Restraints |
4.3.1 High initial investment costs of centrifugal air compressors impacting adoption rates |
4.3.2 Limited awareness and knowledge about the benefits of centrifugal air compressors among end-users |
4.3.3 Volatility in raw material prices affecting the manufacturing costs of centrifugal air compressors |
5 Grenada Centrifugal Air Compressor Market Trends |
6 Grenada Centrifugal Air Compressor Market, By Types |
6.1 Grenada Centrifugal Air Compressor Market, By Lubrication |
6.1.1 Overview and Analysis |
6.1.2 Grenada Centrifugal Air Compressor Market Revenues & Volume, By Lubrication, 2021- 2031F |
6.1.3 Grenada Centrifugal Air Compressor Market Revenues & Volume, By Oil-free, 2021- 2031F |
6.1.4 Grenada Centrifugal Air Compressor Market Revenues & Volume, By Oil Filled, 2021- 2031F |
6.2 Grenada Centrifugal Air Compressor Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Centrifugal Air Compressor Market Revenues & Volume, By Manufacturing, 2021- 2031F |
6.2.3 Grenada Centrifugal Air Compressor Market Revenues & Volume, By Food & Beverage, 2021- 2031F |
6.2.4 Grenada Centrifugal Air Compressor Market Revenues & Volume, By Semiconductor & electronics, 2021- 2031F |
6.2.5 Grenada Centrifugal Air Compressor Market Revenues & Volume, By Healthcare/Medical, 2021- 2031F |
6.2.6 Grenada Centrifugal Air Compressor Market Revenues & Volume, By Oil & Gas, 2021- 2031F |
6.2.7 Grenada Centrifugal Air Compressor Market Revenues & Volume, By Home Appliances, 2021- 2031F |
6.2.8 Grenada Centrifugal Air Compressor Market Revenues & Volume, By Others, 2021- 2031F |
6.2.9 Grenada Centrifugal Air Compressor Market Revenues & Volume, By Others, 2021- 2031F |
7 Grenada Centrifugal Air Compressor Market Import-Export Trade Statistics |
7.1 Grenada Centrifugal Air Compressor Market Export to Major Countries |
7.2 Grenada Centrifugal Air Compressor Market Imports from Major Countries |
8 Grenada Centrifugal Air Compressor Market Key Performance Indicators |
8.1 Energy efficiency improvements achieved by using centrifugal air compressors |
8.2 Percentage increase in the number of industrial installations using centrifugal air compressors |
8.3 Adoption rate of newer and more advanced centrifugal air compressor models |
8.4 Average maintenance and downtime reduction after switching to centrifugal air compressors |
8.5 Number of training programs or workshops conducted to educate end-users about the benefits of centrifugal air compressors |
9 Grenada Centrifugal Air Compressor Market - Opportunity Assessment |
9.1 Grenada Centrifugal Air Compressor Market Opportunity Assessment, By Lubrication, 2021 & 2031F |
9.2 Grenada Centrifugal Air Compressor Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Centrifugal Air Compressor Market - Competitive Landscape |
10.1 Grenada Centrifugal Air Compressor Market Revenue Share, By Companies, 2024 |
10.2 Grenada Centrifugal Air Compressor 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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