| Product Code: ETC7371130 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Grenada`s gas engine import market saw significant growth in 2024, with key exporters including Trinidad and Tobago, UK, Jamaica, USA, and Germany. The market concentration remained high, signaling a competitive landscape. The impressive Compound Annual Growth Rate (CAGR) of 10.77% from 2020 to 2024 reflects sustained expansion. Notably, the remarkable growth rate of 950.68% from 2023 to 2024 indicates a surge in demand. Overall, Grenada`s gas engine import sector is experiencing dynamic development and attracting diverse suppliers from around the world.
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 Gas Engine Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Gas Engine Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Gas Engine Market - Industry Life Cycle |
3.4 Grenada Gas Engine Market - Porter's Five Forces |
3.5 Grenada Gas Engine Market Revenues & Volume Share, By Fuel Type, 2021 & 2031F |
3.6 Grenada Gas Engine Market Revenues & Volume Share, By Power Output, 2021 & 2031F |
3.7 Grenada Gas Engine Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Grenada Gas Engine Market Revenues & Volume Share, By End-use Industry, 2021 & 2031F |
4 Grenada Gas Engine Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for reliable and efficient power generation solutions in Grenada |
4.2.2 Growing focus on renewable energy sources and the need for backup power solutions |
4.2.3 Government initiatives and regulations promoting the use of gas engines for cleaner energy production |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with gas engine installations |
4.3.2 Limited availability of skilled workforce for maintenance and operation of gas engines in Grenada |
4.3.3 Fluctuating prices of natural gas impacting the operational costs of gas engines |
5 Grenada Gas Engine Market Trends |
6 Grenada Gas Engine Market, By Types |
6.1 Grenada Gas Engine Market, By Fuel Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Gas Engine Market Revenues & Volume, By Fuel Type, 2021- 2031F |
6.1.3 Grenada Gas Engine Market Revenues & Volume, By Natural Gas, 2021- 2031F |
6.1.4 Grenada Gas Engine Market Revenues & Volume, By Special Gas, 2021- 2031F |
6.1.5 Grenada Gas Engine Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Grenada Gas Engine Market, By Power Output |
6.2.1 Overview and Analysis |
6.2.2 Grenada Gas Engine Market Revenues & Volume, By 0.5-1 Mw, 2021- 2031F |
6.2.3 Grenada Gas Engine Market Revenues & Volume, By 1.1-2 Mw, 2021- 2031F |
6.2.4 Grenada Gas Engine Market Revenues & Volume, By 2.1-5 Mw, 2021- 2031F |
6.2.5 Grenada Gas Engine Market Revenues & Volume, By 5.1-15 Mw, 2021- 2031F |
6.2.6 Grenada Gas Engine Market Revenues & Volume, By Above 15 Mw, 2021- 2031F |
6.3 Grenada Gas Engine Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Grenada Gas Engine Market Revenues & Volume, By Power Generation, 2021- 2031F |
6.3.3 Grenada Gas Engine Market Revenues & Volume, By Co-generation, 2021- 2031F |
6.3.4 Grenada Gas Engine Market Revenues & Volume, By Mechanical Drive, 2021- 2031F |
6.3.5 Grenada Gas Engine Market Revenues & Volume, By Others, 2021- 2031F |
6.4 Grenada Gas Engine Market, By End-use Industry |
6.4.1 Overview and Analysis |
6.4.2 Grenada Gas Engine Market Revenues & Volume, By Utilities, 2021- 2031F |
6.4.3 Grenada Gas Engine Market Revenues & Volume, By Manufacturing, 2021- 2031F |
6.4.4 Grenada Gas Engine Market Revenues & Volume, By Oil & Gas, 2021- 2031F |
6.4.5 Grenada Gas Engine Market Revenues & Volume, By Marine, 2021- 2031F |
6.4.6 Grenada Gas Engine Market Revenues & Volume, By Others, 2021- 2031F |
7 Grenada Gas Engine Market Import-Export Trade Statistics |
7.1 Grenada Gas Engine Market Export to Major Countries |
7.2 Grenada Gas Engine Market Imports from Major Countries |
8 Grenada Gas Engine Market Key Performance Indicators |
8.1 Average downtime of gas engines in Grenada |
8.2 Percentage of energy generated from gas engines compared to other sources |
8.3 Adoption rate of gas engines in key industries in Grenada |
9 Grenada Gas Engine Market - Opportunity Assessment |
9.1 Grenada Gas Engine Market Opportunity Assessment, By Fuel Type, 2021 & 2031F |
9.2 Grenada Gas Engine Market Opportunity Assessment, By Power Output, 2021 & 2031F |
9.3 Grenada Gas Engine Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Grenada Gas Engine Market Opportunity Assessment, By End-use Industry, 2021 & 2031F |
10 Grenada Gas Engine Market - Competitive Landscape |
10.1 Grenada Gas Engine Market Revenue Share, By Companies, 2024 |
10.2 Grenada Gas Engine 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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