| Product Code: ETC7371298 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Grenada continued to show a strong demand for gensets/generators, with the USA, UK, China, Netherlands, and Trinidad and Tobago being the top exporting countries. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. The impressive Compound Annual Growth Rate (CAGR) of 25.97% from 2020 to 2024 reflects sustained market expansion, while the remarkable growth rate of 76.91% from 2023 to 2024 suggests accelerating demand. Grenada`s reliance on imports for gensets/generators highlights a lucrative opportunity for exporters in these key countries to capitalize on the growing market 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 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 Fuel Type, 2021 & 2031F |
3.6 Grenada Genset/Generator Market Revenues & Volume Share, By End-Use, 2021 & 2031F |
3.7 Grenada Genset/Generator Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Grenada Genset/Generator Market Revenues & Volume Share, By Capacity, 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 due to frequent power outages in Grenada |
4.2.2 Growing construction activities and infrastructure development driving the need for gensets/generators |
4.2.3 Government initiatives promoting the use of renewable energy sources, leading to the adoption of hybrid gensets/generators |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with purchasing and installing gensets/generators |
4.3.2 Lack of skilled technicians for maintenance and repair of gensets/generators in Grenada |
4.3.3 Environmental concerns and regulations regarding emissions from gensets/generators |
5 Grenada Genset/Generator Market Trends |
6 Grenada Genset/Generator Market, By Types |
6.1 Grenada Genset/Generator Market, By Fuel Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Genset/Generator Market Revenues & Volume, By Fuel Type, 2021- 2031F |
6.1.3 Grenada Genset/Generator Market Revenues & Volume, By Diesel, 2021- 2031F |
6.1.4 Grenada Genset/Generator Market Revenues & Volume, By Gas, 2021- 2031F |
6.1.5 Grenada Genset/Generator Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Grenada Genset/Generator Market, By End-Use |
6.2.1 Overview and Analysis |
6.2.2 Grenada Genset/Generator Market Revenues & Volume, By Residential, 2021- 2031F |
6.2.3 Grenada Genset/Generator Market Revenues & Volume, By Commercial, 2021- 2031F |
6.2.4 Grenada Genset/Generator Market Revenues & Volume, By Industrial, 2021- 2031F |
6.2.5 Grenada Genset/Generator Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Grenada Genset/Generator Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Grenada Genset/Generator Market Revenues & Volume, By Stationary, 2021- 2031F |
6.3.3 Grenada Genset/Generator Market Revenues & Volume, By Portable, 2021- 2031F |
6.4 Grenada Genset/Generator Market, By Capacity |
6.4.1 Overview and Analysis |
6.4.2 Grenada Genset/Generator Market Revenues & Volume, By 0-100 kVA, 2021- 2031F |
6.4.3 Grenada Genset/Generator Market Revenues & Volume, By 100-350 kVA, 2021- 2031F |
6.4.4 Grenada Genset/Generator Market Revenues & Volume, By 350-1000 kVA, 2021- 2031F |
6.4.5 Grenada Genset/Generator Market Revenues & Volume, By Above 1000 kVA, 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 uptime percentage of gensets/generators in Grenada |
8.2 Number of new construction permits issued in Grenada |
8.3 Percentage of gensets/generators using renewable energy sources |
8.4 Average response time for genset/generator maintenance and repair services |
8.5 Compliance rate with environmental regulations related to gensets/generators |
9 Grenada Genset/Generator Market - Opportunity Assessment |
9.1 Grenada Genset/Generator Market Opportunity Assessment, By Fuel Type, 2021 & 2031F |
9.2 Grenada Genset/Generator Market Opportunity Assessment, By End-Use, 2021 & 2031F |
9.3 Grenada Genset/Generator Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Grenada Genset/Generator Market Opportunity Assessment, By Capacity, 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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