| Product Code: ETC12227302 | Publication Date: Apr 2025 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
The Grenada genset generator import market saw significant growth in 2024, with top exporting countries being the USA, UK, China, Netherlands, and Trinidad and Tobago. The market remained highly concentrated, with a high Herfindahl-Hirschman Index (HHI) indicating limited competition. The impressive compound annual growth rate (CAGR) of 25.97% from 2020 to 2024 reflects strong demand for genset generators in Grenada. Furthermore, the remarkable growth rate of 76.91% from 2023 to 2024 suggests a rapid acceleration in import shipments, highlighting a thriving market for these essential power generation products.
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 Genset Generator Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Genset Generator Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Genset Generator Market - Industry Life Cycle |
3.4 Grenada Genset Generator Market - Porter's Five Forces |
3.5 Grenada Genset Generator Market Revenues & Volume Share, By Power Rating, 2021 & 2031F |
3.6 Grenada Genset Generator Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Grenada Genset Generator Market Revenues & Volume Share, By End user, 2021 & 2031F |
3.8 Grenada Genset Generator Market Revenues & Volume Share, By Fuel, 2021 & 2031F |
4 Grenada Genset Generator 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 and infrastructure development projects in Grenada leading to higher demand for genset generators |
4.2.3 Government initiatives promoting the use of genset generators for reliable electricity supply |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with purchasing genset generators |
4.3.2 Maintenance and operational costs could be a deterrent for some potential buyers |
4.3.3 Environmental concerns and regulations regarding emissions from genset generators |
5 Grenada Genset Generator Market Trends |
6 Grenada Genset Generator Market, By Types |
6.1 Grenada Genset Generator Market, By Power Rating |
6.1.1 Overview and Analysis |
6.1.2 Grenada Genset Generator Market Revenues & Volume, By Power Rating, 2021 - 2031F |
6.1.3 Grenada Genset Generator Market Revenues & Volume, By less than 50 kVA, 2021 - 2031F |
6.1.4 Grenada Genset Generator Market Revenues & Volume, By 50 to125 kVA, 2021 - 2031F |
6.1.5 Grenada Genset Generator Market Revenues & Volume, By 125 to 200 kVA, 2021 - 2031F |
6.1.6 Grenada Genset Generator Market Revenues & Volume, By 200 to 330 kVA, 2021 - 2031F |
6.1.7 Grenada Genset Generator Market Revenues & Volume, By 330 to 750 kVA, 2021 - 2031F |
6.1.8 Grenada Genset Generator Market Revenues & Volume, By More than 750 kVA, 2021 - 2029F |
6.2 Grenada Genset Generator Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Genset Generator Market Revenues & Volume, By Standby, 2021 - 2031F |
6.2.3 Grenada Genset Generator Market Revenues & Volume, By Peak Shaving, 2021 - 2031F |
6.2.4 Grenada Genset Generator Market Revenues & Volume, By Prime and Continuous, 2021 - 2031F |
6.3 Grenada Genset Generator Market, By End user |
6.3.1 Overview and Analysis |
6.3.2 Grenada Genset Generator Market Revenues & Volume, By Residential, 2021 - 2031F |
6.3.3 Grenada Genset Generator Market Revenues & Volume, By Commercial, 2021 - 2031F |
6.3.4 Grenada Genset Generator Market Revenues & Volume, By Industrial, 2021 - 2031F |
6.4 Grenada Genset Generator Market, By Fuel |
6.4.1 Overview and Analysis |
6.4.2 Grenada Genset Generator Market Revenues & Volume, By Diesel, 2021 - 2031F |
6.4.3 Grenada Genset Generator Market Revenues & Volume, By Gas, 2021 - 2031F |
6.4.4 Grenada Genset Generator Market Revenues & Volume, By Hybrid, 2021 - 2031F |
7 Grenada Genset Generator Market Import-Export Trade Statistics |
7.1 Grenada Genset Generator Market Export to Major Countries |
7.2 Grenada Genset Generator Market Imports from Major Countries |
8 Grenada Genset Generator Market Key Performance Indicators |
8.1 Average utilization rate of genset generators in Grenada |
8.2 Number of new construction permits issued in Grenada |
8.3 Frequency and duration of power outages in Grenada |
9 Grenada Genset Generator Market - Opportunity Assessment |
9.1 Grenada Genset Generator Market Opportunity Assessment, By Power Rating, 2021 & 2031F |
9.2 Grenada Genset Generator Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Grenada Genset Generator Market Opportunity Assessment, By End user, 2021 & 2031F |
9.4 Grenada Genset Generator Market Opportunity Assessment, By Fuel, 2021 & 2031F |
10 Grenada Genset Generator Market - Competitive Landscape |
10.1 Grenada Genset Generator Market Revenue Share, By Companies, 2024 |
10.2 Grenada Genset Generator 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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