| Product Code: ETC12926950 | Publication Date: Apr 2025 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
Despite a high concentration of import shipments from top countries like China, USA, and UK, Grenada experienced a significant CAGR of 61.49% in marine solar panel imports from 2020 to 2024. However, there was a notable decline in growth rate from 2023 to 2024 at -27.09%. The competitive landscape remains strong with key exporters such as China, USA, UK, Dominican Republic, and Hong Kong dominating the market, indicating a continued interest and demand for marine solar panels 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 Marine Solar Panel Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Marine Solar Panel Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Marine Solar Panel Market - Industry Life Cycle |
3.4 Grenada Marine Solar Panel Market - Porter's Five Forces |
3.5 Grenada Marine Solar Panel Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Marine Solar Panel Market Revenues & Volume Share, By Cell Type, 2021 & 2031F |
3.7 Grenada Marine Solar Panel Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Grenada Marine Solar Panel Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Grenada Marine Solar Panel Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness and adoption of renewable energy sources in Grenada |
4.2.2 Government incentives and policies supporting the use of solar panels in marine applications |
4.2.3 Growing demand for energy-efficient and sustainable solutions in the marine industry |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with installing marine solar panels |
4.3.2 Limited availability of skilled workforce for installation and maintenance of solar panels in marine environments |
4.3.3 Challenges related to the durability and reliability of solar panels in marine conditions |
5 Grenada Marine Solar Panel Market Trends |
6 Grenada Marine Solar Panel Market, By Types |
6.1 Grenada Marine Solar Panel Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Marine Solar Panel Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Grenada Marine Solar Panel Market Revenues & Volume, By Monocrystalline, 2021 - 2031F |
6.1.4 Grenada Marine Solar Panel Market Revenues & Volume, By Polycrystalline, 2021 - 2031F |
6.1.5 Grenada Marine Solar Panel Market Revenues & Volume, By Hybrid, 2021 - 2031F |
6.2 Grenada Marine Solar Panel Market, By Cell Type |
6.2.1 Overview and Analysis |
6.2.2 Grenada Marine Solar Panel Market Revenues & Volume, By Silicon-Based, 2021 - 2031F |
6.2.3 Grenada Marine Solar Panel Market Revenues & Volume, By Thin-Film, 2021 - 2031F |
6.2.4 Grenada Marine Solar Panel Market Revenues & Volume, By Amorphous Silicon, 2021 - 2031F |
6.3 Grenada Marine Solar Panel Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Grenada Marine Solar Panel Market Revenues & Volume, By Auxiliary Power, 2021 - 2031F |
6.3.3 Grenada Marine Solar Panel Market Revenues & Volume, By Main Energy Use, 2021 - 2031F |
6.3.4 Grenada Marine Solar Panel Market Revenues & Volume, By Renewable Energy, 2021 - 2031F |
6.4 Grenada Marine Solar Panel Market, By End User |
6.4.1 Overview and Analysis |
6.4.2 Grenada Marine Solar Panel Market Revenues & Volume, By Leisure Boats, 2021 - 2031F |
6.4.3 Grenada Marine Solar Panel Market Revenues & Volume, By Cargo Ships, 2021 - 2031F |
6.4.4 Grenada Marine Solar Panel Market Revenues & Volume, By Naval Defense, 2021 - 2031F |
7 Grenada Marine Solar Panel Market Import-Export Trade Statistics |
7.1 Grenada Marine Solar Panel Market Export to Major Countries |
7.2 Grenada Marine Solar Panel Market Imports from Major Countries |
8 Grenada Marine Solar Panel Market Key Performance Indicators |
8.1 Average installation time for marine solar panels |
8.2 Percentage of marine vessels equipped with solar panels in Grenada |
8.3 Rate of technological advancements in marine solar panel efficiency and durability |
9 Grenada Marine Solar Panel Market - Opportunity Assessment |
9.1 Grenada Marine Solar Panel Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Marine Solar Panel Market Opportunity Assessment, By Cell Type, 2021 & 2031F |
9.3 Grenada Marine Solar Panel Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Grenada Marine Solar Panel Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Grenada Marine Solar Panel Market - Competitive Landscape |
10.1 Grenada Marine Solar Panel Market Revenue Share, By Companies, 2024 |
10.2 Grenada Marine Solar Panel 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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