| Product Code: ETC7368724 | 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 continued to rely on key trading partners such as the USA, UK, China, Trinidad and Tobago, and Germany for its direct current (DC) switchgear imports. Despite a significant decline in growth rate from 2023 to 2024, with a negative rate of -42.68%, the compound annual growth rate (CAGR) for the period of 2020 to 2024 stood at a robust 14.2%. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, emphasizing the dominance of these top exporting countries in supplying DC switchgear to Grenada.
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 Direct Current (DC) Switchgear Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Direct Current (DC) Switchgear Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Direct Current (DC) Switchgear Market - Industry Life Cycle |
3.4 Grenada Direct Current (DC) Switchgear Market - Porter's Five Forces |
3.5 Grenada Direct Current (DC) Switchgear Market Revenues & Volume Share, By Insulation, 2021 & 2031F |
3.6 Grenada Direct Current (DC) Switchgear Market Revenues & Volume Share, By Voltage, 2021 & 2031F |
3.7 Grenada Direct Current (DC) Switchgear Market Revenues & Volume Share, By Deployment Type, 2021 & 2031F |
3.8 Grenada Direct Current (DC) Switchgear Market Revenues & Volume Share, By Component Type, 2021 & 2031F |
3.9 Grenada Direct Current (DC) Switchgear Market Revenues & Volume Share, By Installation, 2021 & 2031F |
4 Grenada Direct Current (DC) Switchgear Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of renewable energy sources in Grenada |
4.2.2 Growing emphasis on energy efficiency and sustainability |
4.2.3 Government initiatives promoting the use of direct current (DC) switchgear |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with implementing DC switchgear |
4.3.2 Lack of awareness and technical expertise among end-users |
4.3.3 Limited availability of skilled professionals for installation and maintenance of DC switchgear |
5 Grenada Direct Current (DC) Switchgear Market Trends |
6 Grenada Direct Current (DC) Switchgear Market, By Types |
6.1 Grenada Direct Current (DC) Switchgear Market, By Insulation |
6.1.1 Overview and Analysis |
6.1.2 Grenada Direct Current (DC) Switchgear Market Revenues & Volume, By Insulation, 2021- 2031F |
6.1.3 Grenada Direct Current (DC) Switchgear Market Revenues & Volume, By Gas Insulated, 2021- 2031F |
6.1.4 Grenada Direct Current (DC) Switchgear Market Revenues & Volume, By Air Insulated, 2021- 2031F |
6.2 Grenada Direct Current (DC) Switchgear Market, By Voltage |
6.2.1 Overview and Analysis |
6.2.2 Grenada Direct Current (DC) Switchgear Market Revenues & Volume, By Up to 750 V, 2021- 2031F |
6.2.3 Grenada Direct Current (DC) Switchgear Market Revenues & Volume, By 750 V to 1,800 V, 2021- 2031F |
6.2.4 Grenada Direct Current (DC) Switchgear Market Revenues & Volume, By 1,800 V to 3,000 V, 2021- 2031F |
6.2.5 Grenada Direct Current (DC) Switchgear Market Revenues & Volume, By 3,000 V to 10 kV, 2021- 2031F |
6.2.6 Grenada Direct Current (DC) Switchgear Market Revenues & Volume, By Above 10 kV, 2021- 2031F |
6.3 Grenada Direct Current (DC) Switchgear Market, By Deployment Type |
6.3.1 Overview and Analysis |
6.3.2 Grenada Direct Current (DC) Switchgear Market Revenues & Volume, By Fixed Mounting, 2021- 2031F |
6.3.3 Grenada Direct Current (DC) Switchgear Market Revenues & Volume, By Plug-In, 2021- 2031F |
6.3.4 Grenada Direct Current (DC) Switchgear Market Revenues & Volume, By Withdrawable Units, 2021- 2031F |
6.4 Grenada Direct Current (DC) Switchgear Market, By Component Type |
6.4.1 Overview and Analysis |
6.4.2 Grenada Direct Current (DC) Switchgear Market Revenues & Volume, By Power Distributor Switch Breaker, 2021- 2031F |
6.4.3 Grenada Direct Current (DC) Switchgear Market Revenues & Volume, By Switch Disconnector, 2021- 2031F |
6.4.4 Grenada Direct Current (DC) Switchgear Market Revenues & Volume, By Moulded Case Circuit Breaker (MCCB), 2021- 2031F |
6.4.5 Grenada Direct Current (DC) Switchgear Market Revenues & Volume, By High Rupturing Capacity (HRC) Fuse, 2021- 2031F |
6.4.6 Grenada Direct Current (DC) Switchgear Market Revenues & Volume, By Earth Switch, 2021- 2031F |
6.4.7 Grenada Direct Current (DC) Switchgear Market Revenues & Volume, By Miniature Circuit Breakers (MCB), 2021- 2031F |
6.5 Grenada Direct Current (DC) Switchgear Market, By Installation |
6.5.1 Overview and Analysis |
6.5.2 Grenada Direct Current (DC) Switchgear Market Revenues & Volume, By Indoor, 2021- 2031F |
6.5.3 Grenada Direct Current (DC) Switchgear Market Revenues & Volume, By Outdoor, 2021- 2031F |
7 Grenada Direct Current (DC) Switchgear Market Import-Export Trade Statistics |
7.1 Grenada Direct Current (DC) Switchgear Market Export to Major Countries |
7.2 Grenada Direct Current (DC) Switchgear Market Imports from Major Countries |
8 Grenada Direct Current (DC) Switchgear Market Key Performance Indicators |
8.1 Energy efficiency improvements in Grenada's power grid |
8.2 Number of renewable energy projects integrated with DC switchgear |
8.3 Percentage increase in government subsidies or incentives for DC switchgear adoption |
9 Grenada Direct Current (DC) Switchgear Market - Opportunity Assessment |
9.1 Grenada Direct Current (DC) Switchgear Market Opportunity Assessment, By Insulation, 2021 & 2031F |
9.2 Grenada Direct Current (DC) Switchgear Market Opportunity Assessment, By Voltage, 2021 & 2031F |
9.3 Grenada Direct Current (DC) Switchgear Market Opportunity Assessment, By Deployment Type, 2021 & 2031F |
9.4 Grenada Direct Current (DC) Switchgear Market Opportunity Assessment, By Component Type, 2021 & 2031F |
9.5 Grenada Direct Current (DC) Switchgear Market Opportunity Assessment, By Installation, 2021 & 2031F |
10 Grenada Direct Current (DC) Switchgear Market - Competitive Landscape |
10.1 Grenada Direct Current (DC) Switchgear Market Revenue Share, By Companies, 2024 |
10.2 Grenada Direct Current (DC) Switchgear 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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