| Product Code: ETC7378876 | 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 |
In 2024, Grenada continued to rely on imports of pressure relief valves, with top exporting countries being the USA, Metropolitan France, UK, South Africa, and Trinidad and Tobago. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. Despite a strong compound annual growth rate (CAGR) of 14.34% from 2020 to 2024, there was a slight decline in growth rate from 2023 to 2024 at -7.12%. This suggests a potential shift or consolidation in the market dynamics for pressure relief valves in Grenada.
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 Pressure Relief Valves Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Pressure Relief Valves Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Pressure Relief Valves Market - Industry Life Cycle |
3.4 Grenada Pressure Relief Valves Market - Porter's Five Forces |
3.5 Grenada Pressure Relief Valves Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Grenada Pressure Relief Valves Market Revenues & Volume Share, By Set Pressure, 2021 & 2031F |
3.7 Grenada Pressure Relief Valves Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Grenada Pressure Relief Valves Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing focus on industrial safety regulations and standards |
4.2.2 Growing demand for pressure relief valves in the oil and gas industry |
4.2.3 Rise in adoption of pressure relief valves in chemical processing plants |
4.3 Market Restraints |
4.3.1 High initial investment required for installation and maintenance |
4.3.2 Fluctuating prices of raw materials impacting manufacturing costs |
4.3.3 Intense competition leading to pricing pressures in the market |
5 Grenada Pressure Relief Valves Market Trends |
6 Grenada Pressure Relief Valves Market, By Types |
6.1 Grenada Pressure Relief Valves Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Pressure Relief Valves Market Revenues & Volume, By Product Type, 2021- 2031F |
6.1.3 Grenada Pressure Relief Valves Market Revenues & Volume, By Pilot Operated, 2021- 2031F |
6.1.4 Grenada Pressure Relief Valves Market Revenues & Volume, By Spring Loaded, 2021- 2031F |
6.1.5 Grenada Pressure Relief Valves Market Revenues & Volume, By Dead Weight, 2021- 2031F |
6.1.6 Grenada Pressure Relief Valves Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Grenada Pressure Relief Valves Market, By Set Pressure |
6.2.1 Overview and Analysis |
6.2.2 Grenada Pressure Relief Valves Market Revenues & Volume, By High Pressure, 2021- 2031F |
6.2.3 Grenada Pressure Relief Valves Market Revenues & Volume, By Medium Pressure, 2021- 2031F |
6.2.4 Grenada Pressure Relief Valves Market Revenues & Volume, By Low Pressure, 2021- 2031F |
6.3 Grenada Pressure Relief Valves Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Grenada Pressure Relief Valves Market Revenues & Volume, By Oil & Gas, 2021- 2031F |
6.3.3 Grenada Pressure Relief Valves Market Revenues & Volume, By Chemical Processing, 2021- 2031F |
6.3.4 Grenada Pressure Relief Valves Market Revenues & Volume, By Power Generation, 2021- 2031F |
6.3.5 Grenada Pressure Relief Valves Market Revenues & Volume, By Paper & Pulp, 2021- 2031F |
6.3.6 Grenada Pressure Relief Valves Market Revenues & Volume, By Food & Beverages, 2021- 2031F |
6.3.7 Grenada Pressure Relief Valves Market Revenues & Volume, By Pharmaceuticals, 2021- 2031F |
7 Grenada Pressure Relief Valves Market Import-Export Trade Statistics |
7.1 Grenada Pressure Relief Valves Market Export to Major Countries |
7.2 Grenada Pressure Relief Valves Market Imports from Major Countries |
8 Grenada Pressure Relief Valves Market Key Performance Indicators |
8.1 Percentage of industries compliant with safety regulations |
8.2 Number of new oil and gas projects incorporating pressure relief valves |
8.3 Rate of adoption of pressure relief valves in emerging markets |
9 Grenada Pressure Relief Valves Market - Opportunity Assessment |
9.1 Grenada Pressure Relief Valves Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Grenada Pressure Relief Valves Market Opportunity Assessment, By Set Pressure, 2021 & 2031F |
9.3 Grenada Pressure Relief Valves Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Grenada Pressure Relief Valves Market - Competitive Landscape |
10.1 Grenada Pressure Relief Valves Market Revenue Share, By Companies, 2024 |
10.2 Grenada Pressure Relief Valves 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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