| Product Code: ETC7378693 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Grenada`s power inverter import shipments in 2024 continued to see a high level of concentration, with a notable increase from the previous year. The top exporting countries to Grenada for power inverters included the USA, UK, Trinidad and Tobago, China, and Ireland. Despite a slight decline in the compound annual growth rate from 2020 to 2024, there was a significant growth rate of 19.11% from 2023 to 2024. This data suggests a strong demand for power inverters in Grenada, with key suppliers dominating 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 Inverter Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Power Inverter Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Power Inverter Market - Industry Life Cycle |
3.4 Grenada Power Inverter Market - Porter's Five Forces |
3.5 Grenada Power Inverter Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Power Inverter Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Grenada Power Inverter Market Revenues & Volume Share, By End-Use Sector, 2021 & 2031F |
4 Grenada Power Inverter Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for reliable and uninterrupted power supply in Grenada |
4.2.2 Growing adoption of renewable energy sources like solar power, driving the need for power inverters |
4.2.3 Government initiatives and incentives promoting the use of clean energy solutions |
4.3 Market Restraints |
4.3.1 High initial investment cost associated with power inverters |
4.3.2 Lack of awareness and understanding about the benefits of power inverters among consumers in Grenada |
4.3.3 Limited availability of skilled technicians for installation and maintenance of power inverters |
5 Grenada Power Inverter Market Trends |
6 Grenada Power Inverter Market, By Types |
6.1 Grenada Power Inverter Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Power Inverter Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Grenada Power Inverter Market Revenues & Volume, By |
6.1.4 Grenada Power Inverter Market Revenues & Volume, By 5KW to 95KW, 2021- 2031F |
6.1.5 Grenada Power Inverter Market Revenues & Volume, By 100KW to 495KW, 2021- 2031F |
6.1.6 Grenada Power Inverter Market Revenues & Volume, By Above 500KW, 2021- 2031F |
6.2 Grenada Power Inverter Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Power Inverter Market Revenues & Volume, By Motor Drives, 2021- 2031F |
6.2.3 Grenada Power Inverter Market Revenues & Volume, By Uninterruptible Power Supply (UPS), 2021- 2031F |
6.2.4 Grenada Power Inverter Market Revenues & Volume, By Rail Traction, 2021- 2031F |
6.2.5 Grenada Power Inverter Market Revenues & Volume, By Wind Turbines, 2021- 2031F |
6.2.6 Grenada Power Inverter Market Revenues & Volume, By Electric Vehicles/Hybrid Electric Vehicles (EVs/HEVs), 2021- 2031F |
6.2.7 Grenada Power Inverter Market Revenues & Volume, By Solar PVs, 2021- 2031F |
6.3 Grenada Power Inverter Market, By End-Use Sector |
6.3.1 Overview and Analysis |
6.3.2 Grenada Power Inverter Market Revenues & Volume, By Utility, 2021- 2031F |
6.3.3 Grenada Power Inverter Market Revenues & Volume, By Residential, 2021- 2031F |
6.3.4 Grenada Power Inverter Market Revenues & Volume, By Commercial and Industrial, 2021- 2031F |
7 Grenada Power Inverter Market Import-Export Trade Statistics |
7.1 Grenada Power Inverter Market Export to Major Countries |
7.2 Grenada Power Inverter Market Imports from Major Countries |
8 Grenada Power Inverter Market Key Performance Indicators |
8.1 Average uptime of power inverters in Grenada |
8.2 Number of new residential and commercial installations of power inverters |
8.3 Percentage of electricity generated from renewable sources in Grenada powered by inverters |
8.4 Overall energy efficiency improvement in Grenada attributed to the use of power inverters |
8.5 Rate of return on investment for businesses and households installing power inverters |
9 Grenada Power Inverter Market - Opportunity Assessment |
9.1 Grenada Power Inverter Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Power Inverter Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Grenada Power Inverter Market Opportunity Assessment, By End-Use Sector, 2021 & 2031F |
10 Grenada Power Inverter Market - Competitive Landscape |
10.1 Grenada Power Inverter Market Revenue Share, By Companies, 2024 |
10.2 Grenada Power Inverter 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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