| Product Code: ETC7368606 | 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 |
In 2024, Grenada saw a significant increase in digital inverter import shipments, with top exporting countries being the USA, UK, Trinidad and Tobago, China, and Ireland. The market concentration, as measured by the HHI, rose from high in 2023 to very high in 2024. Despite a negative CAGR from 2020 to 2024, there was a notable growth rate of 19.11% from 2023 to 2024, indicating a potential uptrend in demand for digital inverters in Grenada. This data suggests a growing reliance on these products from key international suppliers.
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 Digital Inverter Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Digital Inverter Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Digital Inverter Market - Industry Life Cycle |
3.4 Grenada Digital Inverter Market - Porter's Five Forces |
3.5 Grenada Digital Inverter Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Digital Inverter Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Grenada Digital Inverter Market Revenues & Volume Share, By Power Source, 2021 & 2031F |
4 Grenada Digital Inverter Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient solutions in Grenada |
4.2.2 Government initiatives and policies promoting the adoption of renewable energy sources |
4.2.3 Growing awareness about the benefits of digital inverters in Grenada |
4.3 Market Restraints |
4.3.1 High initial costs associated with digital inverters |
4.3.2 Lack of awareness and education about the technology among consumers in Grenada |
4.3.3 Limited availability of skilled professionals for installation and maintenance of digital inverters |
5 Grenada Digital Inverter Market Trends |
6 Grenada Digital Inverter Market, By Types |
6.1 Grenada Digital Inverter Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Digital Inverter Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Grenada Digital Inverter Market Revenues & Volume, By Central Inverter, 2021- 2031F |
6.1.4 Grenada Digital Inverter Market Revenues & Volume, By String Inverter, 2021- 2031F |
6.1.5 Grenada Digital Inverter Market Revenues & Volume, By Micro Inverter, 2021- 2031F |
6.2 Grenada Digital Inverter Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Digital Inverter Market Revenues & Volume, By Utilities, 2021- 2031F |
6.2.3 Grenada Digital Inverter Market Revenues & Volume, By Commercial, 2021- 2031F |
6.2.4 Grenada Digital Inverter Market Revenues & Volume, By Residential, 2021- 2031F |
6.3 Grenada Digital Inverter Market, By Power Source |
6.3.1 Overview and Analysis |
6.3.2 Grenada Digital Inverter Market Revenues & Volume, By Battery Inverter, 2021- 2031F |
6.3.3 Grenada Digital Inverter Market Revenues & Volume, By Solar Inverter, 2021- 2031F |
7 Grenada Digital Inverter Market Import-Export Trade Statistics |
7.1 Grenada Digital Inverter Market Export to Major Countries |
7.2 Grenada Digital Inverter Market Imports from Major Countries |
8 Grenada Digital Inverter Market Key Performance Indicators |
8.1 Average energy savings achieved by households using digital inverters |
8.2 Number of government incentives or subsidies provided for the purchase of digital inverters |
8.3 Growth in the number of certified technicians for digital inverter installation and maintenance |
9 Grenada Digital Inverter Market - Opportunity Assessment |
9.1 Grenada Digital Inverter Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Digital Inverter Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Grenada Digital Inverter Market Opportunity Assessment, By Power Source, 2021 & 2031F |
10 Grenada Digital Inverter Market - Competitive Landscape |
10.1 Grenada Digital Inverter Market Revenue Share, By Companies, 2024 |
10.2 Grenada Digital Inverter Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |