| Product Code: ETC5554366 | 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 current sensor import shipments in 2024 were largely dominated by the USA, Panama, Saint Vincent and the Grenadines, Hong Kong, and the UK. Despite a high Herfindahl-Hirschman Index (HHI) indicating concentrated market share, the industry experienced a negative compound annual growth rate (CAGR) from 2020 to 2024 at -8.27%. However, there was a notable upturn in growth from 2023 to 2024, with a growth rate of 21.95%, suggesting potential opportunities for expansion and diversification 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 Current Sensor Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Current Sensor Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Current Sensor Market - Industry Life Cycle |
3.4 Grenada Current Sensor Market - Porter's Five Forces |
3.5 Grenada Current Sensor Market Revenues & Volume Share, By Loop Type , 2021 & 2031F |
3.6 Grenada Current Sensor Market Revenues & Volume Share, By Technology , 2021 & 2031F |
3.7 Grenada Current Sensor Market Revenues & Volume Share, By Output Type , 2021 & 2031F |
3.8 Grenada Current Sensor Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Grenada Current Sensor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient solutions in various industries |
4.2.2 Growing adoption of IoT and smart technologies driving the need for current sensors |
4.2.3 Government initiatives promoting renewable energy sources and energy efficiency |
4.3 Market Restraints |
4.3.1 High initial investment cost associated with current sensor technology |
4.3.2 Lack of skilled professionals for installation and maintenance of current sensors |
4.3.3 Challenges in integrating current sensors with existing infrastructure |
5 Grenada Current Sensor Market Trends |
6 Grenada Current Sensor Market Segmentations |
6.1 Grenada Current Sensor Market, By Loop Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Current Sensor Market Revenues & Volume, By Closed Loop , 2021-2031F |
6.1.3 Grenada Current Sensor Market Revenues & Volume, By Open Loop, 2021-2031F |
6.2 Grenada Current Sensor Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Grenada Current Sensor Market Revenues & Volume, By Isolated , 2021-2031F |
6.2.3 Grenada Current Sensor Market Revenues & Volume, By Non-Isolated Current Sensors, 2021-2031F |
6.3 Grenada Current Sensor Market, By Output Type |
6.3.1 Overview and Analysis |
6.3.2 Grenada Current Sensor Market Revenues & Volume, By Analog , 2021-2031F |
6.3.3 Grenada Current Sensor Market Revenues & Volume, By Digital, 2021-2031F |
6.4 Grenada Current Sensor Market, By End User |
6.4.1 Overview and Analysis |
6.4.2 Grenada Current Sensor Market Revenues & Volume, By Automotive, 2021-2031F |
6.4.3 Grenada Current Sensor Market Revenues & Volume, By Consumer Electronics, 2021-2031F |
6.4.4 Grenada Current Sensor Market Revenues & Volume, By Telecom & Networking, 2021-2031F |
6.4.5 Grenada Current Sensor Market Revenues & Volume, By Healthcare, 2021-2031F |
6.4.6 Grenada Current Sensor Market Revenues & Volume, By Industrial, 2021-2031F |
6.4.7 Grenada Current Sensor Market Revenues & Volume, By Energy, 2021-2031F |
7 Grenada Current Sensor Market Import-Export Trade Statistics |
7.1 Grenada Current Sensor Market Export to Major Countries |
7.2 Grenada Current Sensor Market Imports from Major Countries |
8 Grenada Current Sensor Market Key Performance Indicators |
8.1 Percentage increase in adoption of IoT devices in Grenada |
8.2 Number of government policies supporting energy efficiency and renewable energy sources |
8.3 Rate of growth in the installation of smart meters in Grenada |
9 Grenada Current Sensor Market - Opportunity Assessment |
9.1 Grenada Current Sensor Market Opportunity Assessment, By Loop Type , 2021 & 2031F |
9.2 Grenada Current Sensor Market Opportunity Assessment, By Technology , 2021 & 2031F |
9.3 Grenada Current Sensor Market Opportunity Assessment, By Output Type , 2021 & 2031F |
9.4 Grenada Current Sensor Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Grenada Current Sensor Market - Competitive Landscape |
10.1 Grenada Current Sensor Market Revenue Share, By Companies, 2024 |
10.2 Grenada Current Sensor 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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