| Product Code: ETC5133041 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Grenada continued to heavily rely on imports of power electronics, with top exporting countries being Trinidad and Tobago, UK, USA, Areas, nes, and Belgium. Despite a high concentration level indicated by the HHI, the industry experienced a significant decline with a CAGR of -4.23% from 2020 to 2024. The growth rate plummeted even further in 2024, dropping by -92.37%. These figures suggest a challenging landscape for power electronics imports in Grenada, requiring a strategic approach to navigate the market dynamics effectively.
By 2027, Grenada's Power Electronics market is forecasted to achieve a negative growth rate of -0.09%, with United States of America leading the North America region, followed by Canada, Trinidad and Tobago, Jamaica and Bahamas.

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 Power Electronics Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Power Electronics Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Power Electronics Market - Industry Life Cycle |
3.4 Grenada Power Electronics Market - Porter's Five Forces |
3.5 Grenada Power Electronics Market Revenues & Volume Share, By Device Type, 2021 & 2031F |
3.6 Grenada Power Electronics Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.7 Grenada Power Electronics Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Grenada Power Electronics Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Grenada Power Electronics Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Power Electronics Market Trends |
6 Grenada Power Electronics Market Segmentations |
6.1 Grenada Power Electronics Market, By Device Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Power Electronics Market Revenues & Volume, By Power Discrete, 2021-2031F |
6.1.3 Grenada Power Electronics Market Revenues & Volume, By Power Module, 2021-2031F |
6.1.4 Grenada Power Electronics Market Revenues & Volume, By Power IC, 2021-2031F |
6.2 Grenada Power Electronics Market, By Material |
6.2.1 Overview and Analysis |
6.2.2 Grenada Power Electronics Market Revenues & Volume, By Silicon Carbide, 2021-2031F |
6.2.3 Grenada Power Electronics Market Revenues & Volume, By Gallium Nitride, 2021-2031F |
6.2.4 Grenada Power Electronics Market Revenues & Volume, By Sapphire, 2021-2031F |
6.2.5 Grenada Power Electronics Market Revenues & Volume, By Others, 2021-2031F |
6.3 Grenada Power Electronics Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Grenada Power Electronics Market Revenues & Volume, By Power Management, 2021-2031F |
6.3.3 Grenada Power Electronics Market Revenues & Volume, By UPS, 2021-2031F |
6.3.4 Grenada Power Electronics Market Revenues & Volume, By Renewable, 2021-2031F |
6.3.5 Grenada Power Electronics Market Revenues & Volume, By Others, 2021-2031F |
6.4 Grenada Power Electronics Market, By End Use |
6.4.1 Overview and Analysis |
6.4.2 Grenada Power Electronics Market Revenues & Volume, By Telecommunication, 2021-2031F |
6.4.3 Grenada Power Electronics Market Revenues & Volume, By Industrial, 2021-2031F |
6.4.4 Grenada Power Electronics Market Revenues & Volume, By Automotive, 2021-2031F |
6.4.5 Grenada Power Electronics Market Revenues & Volume, By Consumer Electronics, 2021-2031F |
6.4.6 Grenada Power Electronics Market Revenues & Volume, By Military and defense, 2021-2031F |
6.4.7 Grenada Power Electronics Market Revenues & Volume, By Energy and Power, 2021-2031F |
7 Grenada Power Electronics Market Import-Export Trade Statistics |
7.1 Grenada Power Electronics Market Export to Major Countries |
7.2 Grenada Power Electronics Market Imports from Major Countries |
8 Grenada Power Electronics Market Key Performance Indicators |
9 Grenada Power Electronics Market - Opportunity Assessment |
9.1 Grenada Power Electronics Market Opportunity Assessment, By Device Type, 2021 & 2031F |
9.2 Grenada Power Electronics Market Opportunity Assessment, By Material, 2021 & 2031F |
9.3 Grenada Power Electronics Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Grenada Power Electronics Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Grenada Power Electronics Market - Competitive Landscape |
10.1 Grenada Power Electronics Market Revenue Share, By Companies, 2024 |
10.2 Grenada Power Electronics 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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