| Product Code: ETC7371212 | 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 |
In 2024, Grenada saw significant import shipments of gear pumps, with top exporting countries being the USA, Netherlands, Trinidad and Tobago, Puerto Rico, and the UK. The High Herfindahl-Hirschman Index (HHI) indicates a concentrated market, suggesting potential challenges for competition. Despite a high compound annual growth rate (CAGR) of 78.53% from 2020-2024, there was a notable decline in growth rate from 2023-2024 at -47.23%. This fluctuation may warrant further investigation into market dynamics and factors impacting the demand for gear pumps 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 Gear Pumps Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Gear Pumps Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Gear Pumps Market - Industry Life Cycle |
3.4 Grenada Gear Pumps Market - Porter's Five Forces |
3.5 Grenada Gear Pumps Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Gear Pumps Market Revenues & Volume Share, By End-user Industry, 2021 & 2031F |
4 Grenada Gear Pumps Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.2 Growing focus on energy efficiency and sustainability, driving the adoption of gear pumps |
4.2.3 Technological advancements leading to improved performance and reliability of gear pumps |
4.3 Market Restraints |
4.3.1 High initial investment cost associated with quality gear pumps |
4.3.2 Intense competition from alternative pumping technologies |
4.3.3 Impact of economic fluctuations on investment in industrial equipment |
5 Grenada Gear Pumps Market Trends |
6 Grenada Gear Pumps Market, By Types |
6.1 Grenada Gear Pumps Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Gear Pumps Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Grenada Gear Pumps Market Revenues & Volume, By External Gear Pumps, 2021- 2031F |
6.1.4 Grenada Gear Pumps Market Revenues & Volume, By Internal Gear Pumps, 2021- 2031F |
6.2 Grenada Gear Pumps Market, By End-user Industry |
6.2.1 Overview and Analysis |
6.2.2 Grenada Gear Pumps Market Revenues & Volume, By Oil & Gas, 2021- 2031F |
6.2.3 Grenada Gear Pumps Market Revenues & Volume, By Chemical & Petrochemical, 2021- 2031F |
6.2.4 Grenada Gear Pumps Market Revenues & Volume, By Food & Beverage, 2021- 2031F |
6.2.5 Grenada Gear Pumps Market Revenues & Volume, By Water & Wastewater, 2021- 2031F |
6.2.6 Grenada Gear Pumps Market Revenues & Volume, By Power Generation, 2021- 2031F |
6.2.7 Grenada Gear Pumps Market Revenues & Volume, By Metal & Mining, 2021- 2031F |
7 Grenada Gear Pumps Market Import-Export Trade Statistics |
7.1 Grenada Gear Pumps Market Export to Major Countries |
7.2 Grenada Gear Pumps Market Imports from Major Countries |
8 Grenada Gear Pumps Market Key Performance Indicators |
8.1 Energy efficiency improvements in gear pump models |
8.2 Adoption rate of gear pumps in emerging industries |
8.3 Number of patents filed for gear pump innovations |
8.4 Customer satisfaction and retention rates for gear pump manufacturers |
9 Grenada Gear Pumps Market - Opportunity Assessment |
9.1 Grenada Gear Pumps Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Gear Pumps Market Opportunity Assessment, By End-user Industry, 2021 & 2031F |
10 Grenada Gear Pumps Market - Competitive Landscape |
10.1 Grenada Gear Pumps Market Revenue Share, By Companies, 2024 |
10.2 Grenada Gear Pumps 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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