| Product Code: ETC12452134 | 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 inverter systems in 2024 continued to be dominated by key exporters such as the USA, UK, Trinidad and Tobago, China, and Ireland. The market saw a significant increase in concentration levels, with the Herfindahl-Hirschman Index (HHI) reaching very high levels. Despite a slight decline in the compound annual growth rate (CAGR) over the past five years, the industry experienced a notable growth spurt from 2023 to 2024, with a growth rate of 19.11%. This indicates a strong demand for inverter systems in Grenada and suggests a promising market outlook for the near future.
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 Inverter Systems Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Inverter Systems Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Inverter Systems Market - Industry Life Cycle |
3.4 Grenada Inverter Systems Market - Porter's Five Forces |
3.5 Grenada Inverter Systems Market Revenues & Volume Share, By Power Rating, 2021 & 2031F |
3.6 Grenada Inverter Systems Market Revenues & Volume Share, By End user, 2021 & 2031F |
3.7 Grenada Inverter Systems Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.8 Grenada Inverter Systems Market Revenues & Volume Share, By Output Voltage, 2021 & 2031F |
3.9 Grenada Inverter Systems Market Revenues & Volume Share, By Connection Type, 2021 & 2031F |
4 Grenada Inverter Systems Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Inverter Systems Market Trends |
6 Grenada Inverter Systems Market, By Types |
6.1 Grenada Inverter Systems Market, By Power Rating |
6.1.1 Overview and Analysis |
6.1.2 Grenada Inverter Systems Market Revenues & Volume, By Power Rating, 2021 - 2031F |
6.1.3 Grenada Inverter Systems Market Revenues & Volume, By Below 10 kW, 2021 - 2031F |
6.1.4 Grenada Inverter Systems Market Revenues & Volume, By 10-50 kW, 2021 - 2031F |
6.1.5 Grenada Inverter Systems Market Revenues & Volume, By 51-100 kW, 2021 - 2031F |
6.1.6 Grenada Inverter Systems Market Revenues & Volume, By Above 100 kW, 2021 - 2031F |
6.2 Grenada Inverter Systems Market, By End user |
6.2.1 Overview and Analysis |
6.2.2 Grenada Inverter Systems Market Revenues & Volume, By Residential, 2021 - 2031F |
6.2.3 Grenada Inverter Systems Market Revenues & Volume, By Photovoltaic (PV) Plants, 2021 - 2031F |
6.2.4 Grenada Inverter Systems Market Revenues & Volume, By Automotive, 2021 - 2031F |
6.2.5 Grenada Inverter Systems Market Revenues & Volume, By Others, 2021 - 2031F |
6.3 Grenada Inverter Systems Market, By Type |
6.3.1 Overview and Analysis |
6.3.2 Grenada Inverter Systems Market Revenues & Volume, By Solar inverter, 2021 - 2031F |
6.3.3 Grenada Inverter Systems Market Revenues & Volume, By Vehicle inverter, 2021 - 2031F |
6.3.4 Grenada Inverter Systems Market Revenues & Volume, By Others, 2021 - 2031F |
6.4 Grenada Inverter Systems Market, By Output Voltage |
6.4.1 Overview and Analysis |
6.4.2 Grenada Inverter Systems Market Revenues & Volume, By 100-300 V, 2021 - 2031F |
6.4.3 Grenada Inverter Systems Market Revenues & Volume, By 301-500 V, 2021 - 2031F |
6.4.4 Grenada Inverter Systems Market Revenues & Volume, By Above 500 V, 2021 - 2031F |
6.5 Grenada Inverter Systems Market, By Connection Type |
6.5.1 Overview and Analysis |
6.5.2 Grenada Inverter Systems Market Revenues & Volume, By Standalone, 2021 - 2031F |
6.5.3 Grenada Inverter Systems Market Revenues & Volume, By Grid-tied, 2021 - 2031F |
7 Grenada Inverter Systems Market Import-Export Trade Statistics |
7.1 Grenada Inverter Systems Market Export to Major Countries |
7.2 Grenada Inverter Systems Market Imports from Major Countries |
8 Grenada Inverter Systems Market Key Performance Indicators |
9 Grenada Inverter Systems Market - Opportunity Assessment |
9.1 Grenada Inverter Systems Market Opportunity Assessment, By Power Rating, 2021 & 2031F |
9.2 Grenada Inverter Systems Market Opportunity Assessment, By End user, 2021 & 2031F |
9.3 Grenada Inverter Systems Market Opportunity Assessment, By Type, 2021 & 2031F |
9.4 Grenada Inverter Systems Market Opportunity Assessment, By Output Voltage, 2021 & 2031F |
9.5 Grenada Inverter Systems Market Opportunity Assessment, By Connection Type, 2021 & 2031F |
10 Grenada Inverter Systems Market - Competitive Landscape |
10.1 Grenada Inverter Systems Market Revenue Share, By Companies, 2024 |
10.2 Grenada Inverter Systems 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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