| Product Code: ETC10163302 | Publication Date: Apr 2025 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
In 2024, Grenada continues to rely on power generation equipment imports from key countries such as USA, UK, Trinidad and Tobago, China, and the Netherlands. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. The impressive Compound Annual Growth Rate (CAGR) of 12.69% from 2020 to 2024 highlights a robust industry expansion. Moreover, the exceptional growth rate of 92.51% from 2023 to 2024 suggests a surge in demand for power generation equipment in Grenada, signaling potential opportunities for exporters in the market.
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 Generation Equipment Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Power Generation Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Power Generation Equipment Market - Industry Life Cycle |
3.4 Grenada Power Generation Equipment Market - Porter's Five Forces |
3.5 Grenada Power Generation Equipment Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Power Generation Equipment Market Revenues & Volume Share, By Power Source, 2021 & 2031F |
3.7 Grenada Power Generation Equipment Market Revenues & Volume Share, By Capacity, 2021 & 2031F |
3.8 Grenada Power Generation Equipment Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Grenada Power Generation Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for reliable and efficient power supply in Grenada |
4.2.2 Government initiatives to promote renewable energy sources |
4.2.3 Growth in industrial and commercial sectors driving the need for power generation equipment |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with power generation equipment |
4.3.2 Dependence on imported equipment leading to supply chain disruptions |
4.3.3 Regulatory challenges and policy uncertainties affecting market growth |
5 Grenada Power Generation Equipment Market Trends |
6 Grenada Power Generation Equipment Market, By Types |
6.1 Grenada Power Generation Equipment Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Power Generation Equipment Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Grenada Power Generation Equipment Market Revenues & Volume, By Generators, 2021 - 2031F |
6.1.4 Grenada Power Generation Equipment Market Revenues & Volume, By Turbines, 2021 - 2031F |
6.1.5 Grenada Power Generation Equipment Market Revenues & Volume, By Transformers, 2021 - 2031F |
6.1.6 Grenada Power Generation Equipment Market Revenues & Volume, By Switchgear, 2021 - 2031F |
6.2 Grenada Power Generation Equipment Market, By Power Source |
6.2.1 Overview and Analysis |
6.2.2 Grenada Power Generation Equipment Market Revenues & Volume, By Diesel, 2021 - 2031F |
6.2.3 Grenada Power Generation Equipment Market Revenues & Volume, By Gas, 2021 - 2031F |
6.2.4 Grenada Power Generation Equipment Market Revenues & Volume, By Solar, 2021 - 2031F |
6.2.5 Grenada Power Generation Equipment Market Revenues & Volume, By Wind, 2021 - 2031F |
6.3 Grenada Power Generation Equipment Market, By Capacity |
6.3.1 Overview and Analysis |
6.3.2 Grenada Power Generation Equipment Market Revenues & Volume, By Small Scale, 2021 - 2031F |
6.3.3 Grenada Power Generation Equipment Market Revenues & Volume, By Medium Scale, 2021 - 2031F |
6.3.4 Grenada Power Generation Equipment Market Revenues & Volume, By Large Scale, 2021 - 2031F |
6.3.5 Grenada Power Generation Equipment Market Revenues & Volume, By Ultra Large Scale, 2021 - 2031F |
6.4 Grenada Power Generation Equipment Market, By End Use |
6.4.1 Overview and Analysis |
6.4.2 Grenada Power Generation Equipment Market Revenues & Volume, By Industrial, 2021 - 2031F |
6.4.3 Grenada Power Generation Equipment Market Revenues & Volume, By Utilities, 2021 - 2031F |
6.4.4 Grenada Power Generation Equipment Market Revenues & Volume, By Data Centers, 2021 - 2031F |
6.4.5 Grenada Power Generation Equipment Market Revenues & Volume, By Commercial, 2021 - 2031F |
7 Grenada Power Generation Equipment Market Import-Export Trade Statistics |
7.1 Grenada Power Generation Equipment Market Export to Major Countries |
7.2 Grenada Power Generation Equipment Market Imports from Major Countries |
8 Grenada Power Generation Equipment Market Key Performance Indicators |
8.1 Percentage of electricity generated from renewable sources in Grenada |
8.2 Number of government contracts awarded for power generation projects |
8.3 Capacity utilization rate of power generation equipment in Grenada |
9 Grenada Power Generation Equipment Market - Opportunity Assessment |
9.1 Grenada Power Generation Equipment Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Power Generation Equipment Market Opportunity Assessment, By Power Source, 2021 & 2031F |
9.3 Grenada Power Generation Equipment Market Opportunity Assessment, By Capacity, 2021 & 2031F |
9.4 Grenada Power Generation Equipment Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Grenada Power Generation Equipment Market - Competitive Landscape |
10.1 Grenada Power Generation Equipment Market Revenue Share, By Companies, 2024 |
10.2 Grenada Power Generation Equipment 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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