| Product Code: ETC5073989 | 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 |
Grenada`s electric generator sets import market witnessed significant growth in 2024, with top exporting countries being Panama, USA, UK, China, and Netherlands. The High Herfindahl-Hirschman Index (HHI) indicates a high level of market concentration. The Compound Annual Growth Rate (CAGR) from 2020 to 2024 stood at an impressive 9.84%, showcasing a favorable trend. Notably, the growth rate spiked in 2024 with a remarkable increase of 202.38%, reflecting a surge in demand for generator sets in 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 Electric Generator Sets Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Electric Generator Sets Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Electric Generator Sets Market - Industry Life Cycle |
3.4 Grenada Electric Generator Sets Market - Porter's Five Forces |
3.5 Grenada Electric Generator Sets Market Revenues & Volume Share, By Rated Capacity, 2021 & 2031F |
3.6 Grenada Electric Generator Sets Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7 Grenada Electric Generator Sets Market Revenues & Volume Share, By Fuel Source, 2021 & 2031F |
3.8 Grenada Electric Generator Sets Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.9 Grenada Electric Generator Sets Market Revenues & Volume Share, By End Users, 2021 & 2031F |
4 Grenada Electric Generator Sets Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for reliable backup power solutions in Grenada due to frequent power outages |
4.2.2 Growing construction activities and infrastructure development projects in Grenada requiring electric generator sets |
4.2.3 Government initiatives promoting the adoption of renewable energy sources, driving the demand for hybrid electric generator sets |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with purchasing electric generator sets |
4.3.2 Limited availability of skilled technicians for installation, maintenance, and repair of electric generator sets in Grenada |
4.3.3 Environmental concerns and regulations regarding emissions from diesel-powered electric generator sets |
5 Grenada Electric Generator Sets Market Trends |
6 Grenada Electric Generator Sets Market Segmentations |
6.1 Grenada Electric Generator Sets Market, By Rated Capacity |
6.1.1 Overview and Analysis |
6.1.2 Grenada Electric Generator Sets Market Revenues & Volume, By Less than 125 MVA, 2021-2031F |
6.1.3 Grenada Electric Generator Sets Market Revenues & Volume, By 125-300 MVA, 2021-2031F |
6.1.4 Grenada Electric Generator Sets Market Revenues & Volume, By 300-700 MVA, 2021-2031F |
6.1.5 Grenada Electric Generator Sets Market Revenues & Volume, By 700-1000 MVA, 2021-2031F |
6.1.6 Grenada Electric Generator Sets Market Revenues & Volume, By Above 1000 MVA, 2021-2031F |
6.2 Grenada Electric Generator Sets Market, By Product Type |
6.2.1 Overview and Analysis |
6.2.2 Grenada Electric Generator Sets Market Revenues & Volume, By AC Generator, 2021-2031F |
6.2.3 Grenada Electric Generator Sets Market Revenues & Volume, By Stationary Field Synchronous, 2021-2031F |
6.2.4 Grenada Electric Generator Sets Market Revenues & Volume, By Rotating Field Synchronous, 2021-2031F |
6.2.5 Grenada Electric Generator Sets Market Revenues & Volume, By Permanent Magnet, 2021-2031F |
6.2.6 Grenada Electric Generator Sets Market Revenues & Volume, By Variable/Switched Reluctance, 2021-2031F |
6.2.7 Grenada Electric Generator Sets Market Revenues & Volume, By Induction Generators, 2021-2031F |
6.2.8 Grenada Electric Generator Sets Market Revenues & Volume, By Others, 2021-2031F |
6.2.9 Grenada Electric Generator Sets Market Revenues & Volume, By Others, 2021-2031F |
6.3 Grenada Electric Generator Sets Market, By Fuel Source |
6.3.1 Overview and Analysis |
6.3.2 Grenada Electric Generator Sets Market Revenues & Volume, By Diesel Generators, 2021-2031F |
6.3.3 Grenada Electric Generator Sets Market Revenues & Volume, By Gas Generators, 2021-2031F |
6.3.4 Grenada Electric Generator Sets Market Revenues & Volume, By Others? , 2021-2031F |
6.4 Grenada Electric Generator Sets Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Grenada Electric Generator Sets Market Revenues & Volume, By Standby, 2021-2031F |
6.4.3 Grenada Electric Generator Sets Market Revenues & Volume, By Continuous, 2021-2031F | 6.4.4 Grenada Electric Generator Sets Market Revenues & Volume, By Portable, 2021-2031F |
6.5 Grenada Electric Generator Sets Market, By End Users |
6.5.1 Overview and Analysis |
6.5.2 Grenada Electric Generator Sets Market Revenues & Volume, By Commercial, 2021-2031F |
6.5.3 Grenada Electric Generator Sets Market Revenues & Volume, By Residential, 2021-2031F |
6.5.4 Grenada Electric Generator Sets Market Revenues & Volume, By Industrial, 2021-2031F |
7 Grenada Electric Generator Sets Market Import-Export Trade Statistics |
7.1 Grenada Electric Generator Sets Market Export to Major Countries |
7.2 Grenada Electric Generator Sets Market Imports from Major Countries |
8 Grenada Electric Generator Sets Market Key Performance Indicators |
8.1 Average number of hours of power outages in Grenada per month |
8.2 Percentage increase in construction permits issued in Grenada |
8.3 Number of government incentives or subsidies provided for the adoption of electric generator sets in Grenada |
9 Grenada Electric Generator Sets Market - Opportunity Assessment |
9.1 Grenada Electric Generator Sets Market Opportunity Assessment, By Rated Capacity, 2021 & 2031F |
9.2 Grenada Electric Generator Sets Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.3 Grenada Electric Generator Sets Market Opportunity Assessment, By Fuel Source, 2021 & 2031F |
9.4 Grenada Electric Generator Sets Market Opportunity Assessment, By Application, 2021 & 2031F |
9.5 Grenada Electric Generator Sets Market Opportunity Assessment, By End Users, 2021 & 2031F |
10 Grenada Electric Generator Sets Market - Competitive Landscape |
10.1 Grenada Electric Generator Sets Market Revenue Share, By Companies, 2024 |
10.2 Grenada Electric Generator Sets 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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