| Product Code: ETC10168486 | 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 continued to rely on imports of power transmission components, with top exporters including the USA, UK, Marshall Islands, Japan, and Trinidad and Tobago. The market remained highly concentrated, reflecting a high Herfindahl-Hirschman Index (HHI). The compound annual growth rate (CAGR) from 2020 to 2024 was strong at 20.72%, with a notable growth rate of 19.42% from 2023 to 2024. This data suggests a robust and growing demand for power transmission components in Grenada, with key suppliers maintaining their positions 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 Transmission Component Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Power Transmission Component Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Power Transmission Component Market - Industry Life Cycle |
3.4 Grenada Power Transmission Component Market - Porter's Five Forces |
3.5 Grenada Power Transmission Component Market Revenues & Volume Share, By Component Type, 2021 & 2031F |
3.6 Grenada Power Transmission Component Market Revenues & Volume Share, By Material Used, 2021 & 2031F |
3.7 Grenada Power Transmission Component Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Grenada Power Transmission Component Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Grenada Power Transmission Component Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for electricity in Grenada |
4.2.2 Government initiatives to upgrade and modernize the power transmission infrastructure |
4.2.3 Growth in renewable energy projects in the country |
4.3 Market Restraints |
4.3.1 Limited financial resources for infrastructure development |
4.3.2 Delays in project approvals and implementation |
4.3.3 Dependency on imported components leading to supply chain disruptions |
5 Grenada Power Transmission Component Market Trends |
6 Grenada Power Transmission Component Market, By Types |
6.1 Grenada Power Transmission Component Market, By Component Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Power Transmission Component Market Revenues & Volume, By Component Type, 2021 - 2031F |
6.1.3 Grenada Power Transmission Component Market Revenues & Volume, By Conductors, 2021 - 2031F |
6.1.4 Grenada Power Transmission Component Market Revenues & Volume, By Insulators, 2021 - 2031F |
6.1.5 Grenada Power Transmission Component Market Revenues & Volume, By Transformers, 2021 - 2031F |
6.1.6 Grenada Power Transmission Component Market Revenues & Volume, By Circuit Breakers, 2021 - 2031F |
6.1.7 Grenada Power Transmission Component Market Revenues & Volume, By Arrestors, 2021 - 2031F |
6.2 Grenada Power Transmission Component Market, By Material Used |
6.2.1 Overview and Analysis |
6.2.2 Grenada Power Transmission Component Market Revenues & Volume, By Copper, 2021 - 2031F |
6.2.3 Grenada Power Transmission Component Market Revenues & Volume, By Ceramic, 2021 - 2031F |
6.2.4 Grenada Power Transmission Component Market Revenues & Volume, By Aluminum, 2021 - 2031F |
6.2.5 Grenada Power Transmission Component Market Revenues & Volume, By Composite, 2021 - 2031F |
6.2.6 Grenada Power Transmission Component Market Revenues & Volume, By Polymeric, 2021 - 2031F |
6.3 Grenada Power Transmission Component Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Grenada Power Transmission Component Market Revenues & Volume, By Overhead Transmission, 2021 - 2031F |
6.3.3 Grenada Power Transmission Component Market Revenues & Volume, By Underground Transmission, 2021 - 2031F |
6.3.4 Grenada Power Transmission Component Market Revenues & Volume, By Smart Grid, 2021 - 2031F |
6.3.5 Grenada Power Transmission Component Market Revenues & Volume, By Renewable Integration, 2021 - 2031F |
6.3.6 Grenada Power Transmission Component Market Revenues & Volume, By Grid Modernization, 2021 - 2031F |
6.4 Grenada Power Transmission Component Market, By End Use |
6.4.1 Overview and Analysis |
6.4.2 Grenada Power Transmission Component Market Revenues & Volume, By Utilities, 2021 - 2031F |
6.4.3 Grenada Power Transmission Component Market Revenues & Volume, By Industrial, 2021 - 2031F |
6.4.4 Grenada Power Transmission Component Market Revenues & Volume, By Commercial, 2021 - 2031F |
6.4.5 Grenada Power Transmission Component Market Revenues & Volume, By Residential, 2021 - 2031F |
6.4.6 Grenada Power Transmission Component Market Revenues & Volume, By Others, 2021 - 2031F |
7 Grenada Power Transmission Component Market Import-Export Trade Statistics |
7.1 Grenada Power Transmission Component Market Export to Major Countries |
7.2 Grenada Power Transmission Component Market Imports from Major Countries |
8 Grenada Power Transmission Component Market Key Performance Indicators |
8.1 Average age of power transmission components in Grenada |
8.2 Investment in power transmission infrastructure projects |
8.3 Percentage of renewable energy sources in the power generation mix |
9 Grenada Power Transmission Component Market - Opportunity Assessment |
9.1 Grenada Power Transmission Component Market Opportunity Assessment, By Component Type, 2021 & 2031F |
9.2 Grenada Power Transmission Component Market Opportunity Assessment, By Material Used, 2021 & 2031F |
9.3 Grenada Power Transmission Component Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Grenada Power Transmission Component Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Grenada Power Transmission Component Market - Competitive Landscape |
10.1 Grenada Power Transmission Component Market Revenue Share, By Companies, 2024 |
10.2 Grenada Power Transmission Component 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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