| Product Code: ETC5770225 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Grenada continued to rely on key trading partners for packaged substation imports, with the USA, Germany, Curaçao, UK, and China leading the way. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, while the impressive Compound Annual Growth Rate (CAGR) of 22.36% from 2020 to 2024 demonstrates a strong upward trend in import volumes. Additionally, the growth rate of 5.59% from 2023 to 2024 suggests sustained expansion in the market for packaged substations in Grenada.
The Packaged Substation market in Grenada is projected to grow at a stable growth rate of 1.53% by 2027, highlighting the country's increasing focus on advanced technologies within the North America region, where United States of America holds the dominant position, followed closely by Canada, Trinidad and Tobago, Jamaica and Bahamas, shaping overall regional demand.

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 Packaged Substation Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Packaged Substation Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Packaged Substation Market - Industry Life Cycle |
3.4 Grenada Packaged Substation Market - Porter's Five Forces |
3.5 Grenada Packaged Substation Market Revenues & Volume Share, By voltage Split, 2021 & 2031F |
3.6 Grenada Packaged Substation Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Packaged Substation Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for reliable and efficient power supply in Grenada |
4.2.2 Increasing focus on modernizing and upgrading existing power infrastructure |
4.2.3 Government initiatives towards expanding and strengthening the power distribution network |
4.3 Market Restraints |
4.3.1 High initial investment cost associated with packaged substation installations |
4.3.2 Lack of skilled workforce for maintenance and operation of packaged substations |
4.3.3 Challenges in obtaining necessary regulatory approvals and permits for new installations |
5 Grenada Packaged Substation Market Trends |
6 Grenada Packaged Substation Market Segmentations |
6.1 Grenada Packaged Substation Market, By voltage Split |
6.1.1 Overview and Analysis |
6.1.2 Grenada Packaged Substation Market Revenues & Volume, By below 36kV , 2021-2031F |
6.1.3 Grenada Packaged Substation Market Revenues & Volume, By above 36kV to 150kV, 2021-2031F |
6.2 Grenada Packaged Substation Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Packaged Substation Market Revenues & Volume, By Industrial, 2021-2031F |
6.2.3 Grenada Packaged Substation Market Revenues & Volume, By Infrastructure, 2021-2031F |
6.2.4 Grenada Packaged Substation Market Revenues & Volume, By Power Utilities & Generation, 2021-2031F |
7 Grenada Packaged Substation Market Import-Export Trade Statistics |
7.1 Grenada Packaged Substation Market Export to Major Countries |
7.2 Grenada Packaged Substation Market Imports from Major Countries |
8 Grenada Packaged Substation Market Key Performance Indicators |
8.1 Average downtime reduction rate of power distribution systems |
8.2 Percentage increase in energy efficiency achieved through packaged substations |
8.3 Number of successful government contracts awarded for packaged substation projects. |
9 Grenada Packaged Substation Market - Opportunity Assessment |
9.1 Grenada Packaged Substation Market Opportunity Assessment, By voltage Split, 2021 & 2031F |
9.2 Grenada Packaged Substation Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Packaged Substation Market - Competitive Landscape |
10.1 Grenada Packaged Substation Market Revenue Share, By Companies, 2024 |
10.2 Grenada Packaged Substation 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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