| Product Code: ETC12388390 | Publication Date: Apr 2025 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 | |
Grenada`s import shipments of grid-forming inverters in 2024 continued to be dominated by key exporting countries including the USA, UK, Trinidad and Tobago, China, and Ireland. The market concentration, as measured by the HHI, significantly increased from 2023 to 2024, indicating a very high level of concentration among these top exporting countries. Despite a slight overall negative CAGR from 2020 to 2024, the growth rate from 2023 to 2024 saw a notable increase of 19.11%, suggesting a potential shift or acceleration in market dynamics for grid-forming inverters 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 Grid Forming Inverters Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Grid Forming Inverters Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Grid Forming Inverters Market - Industry Life Cycle |
3.4 Grenada Grid Forming Inverters Market - Porter's Five Forces |
3.5 Grenada Grid Forming Inverters Market Revenues & Volume Share, By Inverter Type, 2021 & 2031F |
3.6 Grenada Grid Forming Inverters Market Revenues & Volume Share, By Grid Connection, 2021 & 2031F |
3.7 Grenada Grid Forming Inverters Market Revenues & Volume Share, By Power Capacity, 2021 & 2031F |
3.8 Grenada Grid Forming Inverters Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.9 Grenada Grid Forming Inverters Market Revenues & Volume Share, By Industry, 2021 & 2031F |
4 Grenada Grid Forming Inverters Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Grid Forming Inverters Market Trends |
6 Grenada Grid Forming Inverters Market, By Types |
6.1 Grenada Grid Forming Inverters Market, By Inverter Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Grid Forming Inverters Market Revenues & Volume, By Inverter Type, 2021 - 2031F |
6.1.3 Grenada Grid Forming Inverters Market Revenues & Volume, By Central Inverter, 2021 - 2031F |
6.1.4 Grenada Grid Forming Inverters Market Revenues & Volume, By String Inverter, 2021 - 2031F |
6.1.5 Grenada Grid Forming Inverters Market Revenues & Volume, By Micro Inverter, 2021 - 2031F |
6.2 Grenada Grid Forming Inverters Market, By Grid Connection |
6.2.1 Overview and Analysis |
6.2.2 Grenada Grid Forming Inverters Market Revenues & Volume, By On-Grid, 2021 - 2031F |
6.2.3 Grenada Grid Forming Inverters Market Revenues & Volume, By Off-Grid, 2021 - 2031F |
6.2.4 Grenada Grid Forming Inverters Market Revenues & Volume, By Hybrid, 2021 - 2031F |
6.3 Grenada Grid Forming Inverters Market, By Power Capacity |
6.3.1 Overview and Analysis |
6.3.2 Grenada Grid Forming Inverters Market Revenues & Volume, By Below 100 kW, 2021 - 2031F |
6.3.3 Grenada Grid Forming Inverters Market Revenues & Volume, By 100-500 kW, 2021 - 2031F |
6.3.4 Grenada Grid Forming Inverters Market Revenues & Volume, By Above 500 kW, 2021 - 2031F |
6.4 Grenada Grid Forming Inverters Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Grenada Grid Forming Inverters Market Revenues & Volume, By Residential Solar, 2021 - 2031F |
6.4.3 Grenada Grid Forming Inverters Market Revenues & Volume, By Commercial Solar, 2021 - 2031F |
6.4.4 Grenada Grid Forming Inverters Market Revenues & Volume, By Utility-Scale, 2021 - 2031F |
6.5 Grenada Grid Forming Inverters Market, By Industry |
6.5.1 Overview and Analysis |
6.5.2 Grenada Grid Forming Inverters Market Revenues & Volume, By Utility, 2021 - 2031F |
6.5.3 Grenada Grid Forming Inverters Market Revenues & Volume, By Industrial, 2021 - 2031F |
6.5.4 Grenada Grid Forming Inverters Market Revenues & Volume, By BFSI, 2021 - 2031F |
7 Grenada Grid Forming Inverters Market Import-Export Trade Statistics |
7.1 Grenada Grid Forming Inverters Market Export to Major Countries |
7.2 Grenada Grid Forming Inverters Market Imports from Major Countries |
8 Grenada Grid Forming Inverters Market Key Performance Indicators |
9 Grenada Grid Forming Inverters Market - Opportunity Assessment |
9.1 Grenada Grid Forming Inverters Market Opportunity Assessment, By Inverter Type, 2021 & 2031F |
9.2 Grenada Grid Forming Inverters Market Opportunity Assessment, By Grid Connection, 2021 & 2031F |
9.3 Grenada Grid Forming Inverters Market Opportunity Assessment, By Power Capacity, 2021 & 2031F |
9.4 Grenada Grid Forming Inverters Market Opportunity Assessment, By Application, 2021 & 2031F |
9.5 Grenada Grid Forming Inverters Market Opportunity Assessment, By Industry, 2021 & 2031F |
10 Grenada Grid Forming Inverters Market - Competitive Landscape |
10.1 Grenada Grid Forming Inverters Market Revenue Share, By Companies, 2024 |
10.2 Grenada Grid Forming Inverters 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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