| Product Code: ETC4957215 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Grenada`s pressure sensor import market in 2024 continued to see strong growth, with the top exporting countries being the USA, Netherlands, Trinidad and Tobago, Barbados, and China. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, while the impressive Compound Annual Growth Rate (CAGR) of 7.27% from 2020 to 2024 highlights sustained expansion. The notable growth rate of 39.09% from 2023 to 2024 suggests increasing demand for pressure sensors in Grenada, signaling opportunities for market players to capitalize on this upward trend.
In the North America region, the Pressure Sensor market in Grenada is projected to expand at a stable growth rate of 2.23% by 2027. The largest economy is United States of America, followed by Canada, Trinidad and Tobago, Jamaica and Bahamas.

The pressure sensor market in Grenada is growing with the adoption of smart technologies in automotive, healthcare, and industrial applications. These sensors provide precise measurements critical for safety and operational efficiency.
The Grenada Pressure Sensor Market is fueled by the increasing need for real-time monitoring and control of pressure in industrial, automotive, and consumer applications. Pressure sensors are essential for maintaining safety, efficiency, and performance in systems that require pressure regulation. The growth of industries like automotive, healthcare, and manufacturing, which require pressure sensors for various applications, drives market expansion. Additionally, the increasing adoption of smart sensors and the integration of pressure sensors into IoT devices further boosts market demand.
The pressure sensor market in Grenada faces obstacles due to limited industrial applications and low demand from local businesses. High import costs and a lack of technical expertise in utilizing advanced sensors hinder adoption.
Grenada`s industrial growth supports the demand for pressure sensors in various sectors, including manufacturing, oil and gas, and agriculture. The governments industrial policies encourage the adoption of advanced sensor technologies, offering financial incentives for research into IoT-enabled devices and smart sensors. These technologies are being integrated into Grenadas growing infrastructure to enhance operational performance and reduce energy consumption.
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 Sensor Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Pressure Sensor Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Pressure Sensor Market - Industry Life Cycle |
3.4 Grenada Pressure Sensor Market - Porter's Five Forces |
3.5 Grenada Pressure Sensor Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Pressure Sensor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Pressure Sensor Market Trends |
6 Grenada Pressure Sensor Market Segmentations |
6.1 Grenada Pressure Sensor Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Grenada Pressure Sensor Market Revenues & Volume, By Automotive, 2021-2031F |
6.1.3 Grenada Pressure Sensor Market Revenues & Volume, By Medical, 2021-2031F |
6.1.4 Grenada Pressure Sensor Market Revenues & Volume, By Consumer Electronics, 2021-2031F |
6.1.5 Grenada Pressure Sensor Market Revenues & Volume, By Industrial, 2021-2031F |
6.1.6 Grenada Pressure Sensor Market Revenues & Volume, By Aerospace and Defense, 2021-2031F |
6.1.7 Grenada Pressure Sensor Market Revenues & Volume, By Food and Beverage, 2021-2031F |
7 Grenada Pressure Sensor Market Import-Export Trade Statistics |
7.1 Grenada Pressure Sensor Market Export to Major Countries |
7.2 Grenada Pressure Sensor Market Imports from Major Countries |
8 Grenada Pressure Sensor Market Key Performance Indicators |
9 Grenada Pressure Sensor Market - Opportunity Assessment |
9.1 Grenada Pressure Sensor Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Pressure Sensor Market - Competitive Landscape |
10.1 Grenada Pressure Sensor Market Revenue Share, By Companies, 2024 |
10.2 Grenada Pressure Sensor Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |