| Product Code: ETC12687142 | 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 |
In 2024, Grenada saw a significant increase in the import shipments of medium voltage electric drives, with top exporting countries including the USA, UK, Trinidad and Tobago, China, and Ireland. The market concentration, as measured by the HHI, escalated from high to very high in just one year. Despite a negative CAGR from 2020 to 2024, there was a notable growth rate of 19.11% from 2023 to 2024, indicating a recent surge in demand for medium voltage electric drives 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 Medium Voltage Electric Drives Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Medium Voltage Electric Drives Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Medium Voltage Electric Drives Market - Industry Life Cycle |
3.4 Grenada Medium Voltage Electric Drives Market - Porter's Five Forces |
3.5 Grenada Medium Voltage Electric Drives Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Grenada Medium Voltage Electric Drives Market Revenues & Volume Share, By Voltage Range, 2021 & 2031F |
3.7 Grenada Medium Voltage Electric Drives Market Revenues & Volume Share, By Application Area, 2021 & 2031F |
3.8 Grenada Medium Voltage Electric Drives Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Grenada Medium Voltage Electric Drives Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of renewable energy sources in Grenada, leading to the need for medium voltage electric drives to support renewable energy projects. |
4.2.2 Growing industrial sector in Grenada driving the demand for medium voltage electric drives for various applications. |
4.2.3 Government initiatives promoting energy efficiency and the use of electric drives in industrial processes. |
4.3 Market Restraints |
4.3.1 High initial investment required for installing medium voltage electric drives, hindering adoption rates. |
4.3.2 Lack of skilled workforce to operate and maintain medium voltage electric drives, impacting market growth. |
4.3.3 Limited awareness and understanding of the benefits of medium voltage electric drives among end-users in Grenada. |
5 Grenada Medium Voltage Electric Drives Market Trends |
6 Grenada Medium Voltage Electric Drives Market, By Types |
6.1 Grenada Medium Voltage Electric Drives Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Medium Voltage Electric Drives Market Revenues & Volume, By Product Type, 2021 - 2031F |
6.1.3 Grenada Medium Voltage Electric Drives Market Revenues & Volume, By AC Drives, 2021 - 2031F |
6.1.4 Grenada Medium Voltage Electric Drives Market Revenues & Volume, By DC Drives, 2021 - 2031F |
6.1.5 Grenada Medium Voltage Electric Drives Market Revenues & Volume, By Servo Drives, 2021 - 2031F |
6.1.6 Grenada Medium Voltage Electric Drives Market Revenues & Volume, By Regenerative Drives, 2021 - 2031F |
6.1.7 Grenada Medium Voltage Electric Drives Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 Grenada Medium Voltage Electric Drives Market, By Voltage Range |
6.2.1 Overview and Analysis |
6.2.2 Grenada Medium Voltage Electric Drives Market Revenues & Volume, By 1“5 kV, 2021 - 2031F |
6.2.3 Grenada Medium Voltage Electric Drives Market Revenues & Volume, By 6“13 kV, 2021 - 2031F |
6.2.4 Grenada Medium Voltage Electric Drives Market Revenues & Volume, By 23 kV, 2021 - 2031F |
6.2.5 Grenada Medium Voltage Electric Drives Market Revenues & Volume, By 34 kV, 2021 - 2031F |
6.2.6 Grenada Medium Voltage Electric Drives Market Revenues & Volume, By 45 kV, 2021 - 2031F |
6.3 Grenada Medium Voltage Electric Drives Market, By Application Area |
6.3.1 Overview and Analysis |
6.3.2 Grenada Medium Voltage Electric Drives Market Revenues & Volume, By Industrial Automation, 2021 - 2031F |
6.3.3 Grenada Medium Voltage Electric Drives Market Revenues & Volume, By HVAC Systems, 2021 - 2031F |
6.3.4 Grenada Medium Voltage Electric Drives Market Revenues & Volume, By Water Treatment, 2021 - 2031F |
6.3.5 Grenada Medium Voltage Electric Drives Market Revenues & Volume, By Oil and Gas, 2021 - 2031F |
6.3.6 Grenada Medium Voltage Electric Drives Market Revenues & Volume, By Renewable Energy, 2021 - 2031F |
6.4 Grenada Medium Voltage Electric Drives Market, By End User |
6.4.1 Overview and Analysis |
6.4.2 Grenada Medium Voltage Electric Drives Market Revenues & Volume, By Manufacturing, 2021 - 2031F |
6.4.3 Grenada Medium Voltage Electric Drives Market Revenues & Volume, By Commercial, 2021 - 2031F |
6.4.4 Grenada Medium Voltage Electric Drives Market Revenues & Volume, By Utilities, 2021 - 2031F |
6.4.5 Grenada Medium Voltage Electric Drives Market Revenues & Volume, By Oil and Gas, 2021 - 2031F |
6.4.6 Grenada Medium Voltage Electric Drives Market Revenues & Volume, By Renewable Energy, 2021 - 2031F |
7 Grenada Medium Voltage Electric Drives Market Import-Export Trade Statistics |
7.1 Grenada Medium Voltage Electric Drives Market Export to Major Countries |
7.2 Grenada Medium Voltage Electric Drives Market Imports from Major Countries |
8 Grenada Medium Voltage Electric Drives Market Key Performance Indicators |
8.1 Energy savings achieved by the adoption of medium voltage electric drives in Grenada. |
8.2 Number of renewable energy projects using medium voltage electric drives in the market. |
8.3 Percentage of industrial processes in Grenada utilizing medium voltage electric drives for efficiency improvements. |
9 Grenada Medium Voltage Electric Drives Market - Opportunity Assessment |
9.1 Grenada Medium Voltage Electric Drives Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Grenada Medium Voltage Electric Drives Market Opportunity Assessment, By Voltage Range, 2021 & 2031F |
9.3 Grenada Medium Voltage Electric Drives Market Opportunity Assessment, By Application Area, 2021 & 2031F |
9.4 Grenada Medium Voltage Electric Drives Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Grenada Medium Voltage Electric Drives Market - Competitive Landscape |
10.1 Grenada Medium Voltage Electric Drives Market Revenue Share, By Companies, 2024 |
10.2 Grenada Medium Voltage Electric Drives Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |