| Product Code: ETC5112559 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Grenada saw strong import shipments of circuit breakers, with top exporters being the UK, Trinidad and Tobago, USA, Metropolitan France, and Barbados. The market remained highly concentrated, with a high Herfindahl-Hirschman Index (HHI). The compound annual growth rate (CAGR) from 2020 to 2024 stood at 0.81, indicating steady growth over the period. Notably, the growth rate from 2023 to 2024 spiked significantly at 57.77%, suggesting a surge in demand for circuit breakers in Grenada. This data indicates a promising market for circuit breaker imports in the country.
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 Circuit Breakers Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Circuit Breakers Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Circuit Breakers Market - Industry Life Cycle |
3.4 Grenada Circuit Breakers Market - Porter's Five Forces |
3.5 Grenada Circuit Breakers Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Circuit Breakers Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Circuit Breakers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing investments in infrastructure development in Grenada |
4.2.2 Growing focus on renewable energy sources leading to the installation of more circuit breakers |
4.2.3 Rising demand for advanced technology and smart grid solutions |
4.3 Market Restraints |
4.3.1 High initial investment cost associated with installing circuit breakers |
4.3.2 Limited awareness and understanding of the benefits of circuit breakers |
4.3.3 Lack of skilled professionals for maintenance and repair of circuit breakers |
5 Grenada Circuit Breakers Market Trends |
6 Grenada Circuit Breakers Market Segmentations |
6.1 Grenada Circuit Breakers Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Circuit Breakers Market Revenues & Volume, By Type B MCB, 2021-2031F |
6.1.3 Grenada Circuit Breakers Market Revenues & Volume, By Type C MCB, 2021-2031F |
6.1.4 Grenada Circuit Breakers Market Revenues & Volume, By Type D MCB, 2021-2031F |
6.2 Grenada Circuit Breakers Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Circuit Breakers Market Revenues & Volume, By Residential, 2021-2031F |
6.2.3 Grenada Circuit Breakers Market Revenues & Volume, By Commercial, 2021-2031F |
6.2.4 Grenada Circuit Breakers Market Revenues & Volume, By Industrial, 2021-2031F |
7 Grenada Circuit Breakers Market Import-Export Trade Statistics |
7.1 Grenada Circuit Breakers Market Export to Major Countries |
7.2 Grenada Circuit Breakers Market Imports from Major Countries |
8 Grenada Circuit Breakers Market Key Performance Indicators |
8.1 Number of new infrastructure projects initiated in Grenada |
8.2 Percentage increase in renewable energy capacity in Grenada |
8.3 Adoption rate of smart grid solutions in the country |
8.4 Number of training programs conducted for professionals in the electrical industry |
8.5 Maintenance and repair turnaround time for circuit breakers in Grenada |
9 Grenada Circuit Breakers Market - Opportunity Assessment |
9.1 Grenada Circuit Breakers Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Circuit Breakers Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Circuit Breakers Market - Competitive Landscape |
10.1 Grenada Circuit Breakers Market Revenue Share, By Companies, 2024 |
10.2 Grenada Circuit Breakers 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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