| Product Code: ETC5173473 | 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 a significant increase in import shipments of clamp meters, with top exporters being Panama, USA, Saint Vincent and the Grenadines, UK, and Lebanon. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), remained high, indicating a competitive market. Despite a negative compound annual growth rate (CAGR) from 2020 to 2024, the growth rate in 2024 surged by an impressive 145.23%, signaling a potential turnaround in the market. Grenada`s continued reliance on these key exporting countries suggests a stable supply chain for clamp meters in the coming years.
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 Clamp Meter Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Clamp Meter Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Clamp Meter Market - Industry Life Cycle |
3.4 Grenada Clamp Meter Market - Porter's Five Forces |
3.5 Grenada Clamp Meter Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Clamp Meter Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Clamp Meter Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of advanced technology in the electrical industry |
4.2.2 Growing emphasis on energy efficiency and power quality monitoring |
4.2.3 Rise in demand for non-invasive measurement tools in industrial applications |
4.3 Market Restraints |
4.3.1 Intense competition from existing players and new entrants |
4.3.2 Fluctuations in raw material prices impacting manufacturing costs |
5 Grenada Clamp Meter Market Trends |
6 Grenada Clamp Meter Market Segmentations |
6.1 Grenada Clamp Meter Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Clamp Meter Market Revenues & Volume, By Current transformer (AC) clamp meters, 2021-2031F |
6.1.3 Grenada Clamp Meter Market Revenues & Volume, By Hall effect (AC/DC) clamp meters, 2021-2031F |
6.1.4 Grenada Clamp Meter Market Revenues & Volume, By Flexible (AC) clamp meters, 2021-2031F |
6.2 Grenada Clamp Meter Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Clamp Meter Market Revenues & Volume, By Industrial equipment, 2021-2031F |
6.2.3 Grenada Clamp Meter Market Revenues & Volume, By Industrial controls, 2021-2031F |
6.2.4 Grenada Clamp Meter Market Revenues & Volume, By Electrical systems, 2021-2031F |
6.2.5 Grenada Clamp Meter Market Revenues & Volume, By Other commercial, 2021-2031F |
7 Grenada Clamp Meter Market Import-Export Trade Statistics |
7.1 Grenada Clamp Meter Market Export to Major Countries |
7.2 Grenada Clamp Meter Market Imports from Major Countries |
8 Grenada Clamp Meter Market Key Performance Indicators |
8.1 Average selling price (ASP) of grenada clamp meters |
8.2 Number of new product innovations and technological advancements |
8.3 Adoption rate of clamp meters in different industry verticals |
9 Grenada Clamp Meter Market - Opportunity Assessment |
9.1 Grenada Clamp Meter Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Clamp Meter Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Clamp Meter Market - Competitive Landscape |
10.1 Grenada Clamp Meter Market Revenue Share, By Companies, 2024 |
10.2 Grenada Clamp Meter 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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