| Product Code: ETC7370071 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Grenada continued to rely on key suppliers such as the USA, Trinidad and Tobago, Panama, China, and Puerto Rico for factory automation sensor imports. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, while the 10.4% compound annual growth rate (CAGR) from 2020 to 2024 highlights a steady upward trend. However, the negative growth rate of -14.55% from 2023 to 2024 suggests a recent decline that may require closer examination and strategic adjustments in the import market for factory automation sensors 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 Factory Automation Sensor Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Factory Automation Sensor Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Factory Automation Sensor Market - Industry Life Cycle |
3.4 Grenada Factory Automation Sensor Market - Porter's Five Forces |
3.5 Grenada Factory Automation Sensor Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Factory Automation Sensor Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Grenada Factory Automation Sensor Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Factory Automation Sensor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of Industry 4.0 technologies in manufacturing processes |
4.2.2 Growing focus on improving operational efficiency and reducing production costs |
4.2.3 Rising demand for real-time data monitoring and predictive maintenance in factories |
4.3 Market Restraints |
4.3.1 High initial investment required for implementing factory automation sensors |
4.3.2 Lack of skilled workforce to operate and maintain advanced sensor technologies |
4.3.3 Concerns regarding data security and privacy in the automation systems |
5 Grenada Factory Automation Sensor Market Trends |
6 Grenada Factory Automation Sensor Market, By Types |
6.1 Grenada Factory Automation Sensor Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Factory Automation Sensor Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Grenada Factory Automation Sensor Market Revenues & Volume, By Temperature Sensors, 2021- 2031F |
6.1.4 Grenada Factory Automation Sensor Market Revenues & Volume, By Proximity Sensors, 2021- 2031F |
6.1.5 Grenada Factory Automation Sensor Market Revenues & Volume, By Vibration Sensors, 2021- 2031F |
6.1.6 Grenada Factory Automation Sensor Market Revenues & Volume, By Pressure Sensors, 2021- 2031F |
6.1.7 Grenada Factory Automation Sensor Market Revenues & Volume, By Humidity Sensors, 2021- 2031F |
6.1.8 Grenada Factory Automation Sensor Market Revenues & Volume, By Vision Sensors, 2021- 2031F |
6.2 Grenada Factory Automation Sensor Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Grenada Factory Automation Sensor Market Revenues & Volume, By Contact, 2021- 2031F |
6.2.3 Grenada Factory Automation Sensor Market Revenues & Volume, By Noncontact, 2021- 2031F |
6.3 Grenada Factory Automation Sensor Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Grenada Factory Automation Sensor Market Revenues & Volume, By Manufacturing Oil and Gas, 2021- 2031F |
6.3.3 Grenada Factory Automation Sensor Market Revenues & Volume, By Chemicals, 2021- 2031F |
6.3.4 Grenada Factory Automation Sensor Market Revenues & Volume, By Pharmaceuticals, 2021- 2031F |
6.3.5 Grenada Factory Automation Sensor Market Revenues & Volume, By Others, 2021- 2031F |
7 Grenada Factory Automation Sensor Market Import-Export Trade Statistics |
7.1 Grenada Factory Automation Sensor Market Export to Major Countries |
7.2 Grenada Factory Automation Sensor Market Imports from Major Countries |
8 Grenada Factory Automation Sensor Market Key Performance Indicators |
8.1 Percentage increase in factory downtime reduction after sensor implementation |
8.2 Improvement in overall equipment effectiveness (OEE) due to sensor integration |
8.3 Reduction in energy consumption and waste generation attributed to sensor-enabled efficiency measures |
9 Grenada Factory Automation Sensor Market - Opportunity Assessment |
9.1 Grenada Factory Automation Sensor Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Factory Automation Sensor Market Opportunity Assessment, By Type, 2021 & 2031F |
9.3 Grenada Factory Automation Sensor Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Factory Automation Sensor Market - Competitive Landscape |
10.1 Grenada Factory Automation Sensor Market Revenue Share, By Companies, 2024 |
10.2 Grenada Factory Automation 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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