| Product Code: ETC10419622 | 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 |
Grenada`s import shipments of renewable power generation equipment in 2024 continued to be dominated by top exporting countries such as the USA, UK, Jamaica, Trinidad and Tobago, and China. Despite a high concentration with a Herfindahl-Hirschman Index (HHI), the market experienced a significant growth rate of 178.59% in 2024. However, the compound annual growth rate (CAGR) from 2020 to 2024 was at -8.09%, indicating a slight decline over the period. This data suggests a dynamic and evolving market for renewable power generation in Grenada, with potential opportunities for further growth and diversification.
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 Renewable Power Generation Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Renewable Power Generation Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Renewable Power Generation Market - Industry Life Cycle |
3.4 Grenada Renewable Power Generation Market - Porter's Five Forces |
3.5 Grenada Renewable Power Generation Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Renewable Power Generation Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 Grenada Renewable Power Generation Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Grenada Renewable Power Generation Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Grenada Renewable Power Generation Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Government initiatives and policies promoting renewable energy adoption |
4.2.2 Increasing awareness and demand for clean energy solutions |
4.2.3 Technological advancements in renewable power generation technologies |
4.3 Market Restraints |
4.3.1 High initial investment costs for setting up renewable power generation infrastructure |
4.3.2 Intermittency and variability of renewable energy sources |
4.3.3 Lack of adequate grid infrastructure for efficient integration of renewable power |
5 Grenada Renewable Power Generation Market Trends |
6 Grenada Renewable Power Generation Market, By Types |
6.1 Grenada Renewable Power Generation Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Renewable Power Generation Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Grenada Renewable Power Generation Market Revenues & Volume, By Solar Energy, 2021 - 2031F |
6.1.4 Grenada Renewable Power Generation Market Revenues & Volume, By Wind Energy, 2021 - 2031F |
6.1.5 Grenada Renewable Power Generation Market Revenues & Volume, By Hydropower, 2021 - 2031F |
6.1.6 Grenada Renewable Power Generation Market Revenues & Volume, By Biomass, 2021 - 2031F |
6.2 Grenada Renewable Power Generation Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Grenada Renewable Power Generation Market Revenues & Volume, By Photovoltaic, CSP, 2021 - 2031F |
6.2.3 Grenada Renewable Power Generation Market Revenues & Volume, By Onshore, Offshore, 2021 - 2031F |
6.2.4 Grenada Renewable Power Generation Market Revenues & Volume, By Small, Large-Scale, 2021 - 2031F |
6.2.5 Grenada Renewable Power Generation Market Revenues & Volume, By Biofuels, Biogas, 2021 - 2031F |
6.3 Grenada Renewable Power Generation Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Grenada Renewable Power Generation Market Revenues & Volume, By Residential, Industrial, 2021 - 2031F |
6.3.3 Grenada Renewable Power Generation Market Revenues & Volume, By Commercial, Rural, 2021 - 2031F |
6.3.4 Grenada Renewable Power Generation Market Revenues & Volume, By Municipal, Industrial, 2021 - 2031F |
6.3.5 Grenada Renewable Power Generation Market Revenues & Volume, By Power Plants, Agriculture, 2021 - 2031F |
6.4 Grenada Renewable Power Generation Market, By End User |
6.4.1 Overview and Analysis |
6.4.2 Grenada Renewable Power Generation Market Revenues & Volume, By Utilities, Government, 2021 - 2031F |
6.4.3 Grenada Renewable Power Generation Market Revenues & Volume, By Energy Providers, Independent Power Producers, 2021 - 2031F |
6.4.4 Grenada Renewable Power Generation Market Revenues & Volume, By Government, Hydroelectric Companies, 2021 - 2031F |
6.4.5 Grenada Renewable Power Generation Market Revenues & Volume, By Chemical Companies, Manufacturing, 2021 - 2031F |
7 Grenada Renewable Power Generation Market Import-Export Trade Statistics |
7.1 Grenada Renewable Power Generation Market Export to Major Countries |
7.2 Grenada Renewable Power Generation Market Imports from Major Countries |
8 Grenada Renewable Power Generation Market Key Performance Indicators |
8.1 Capacity utilization rate of renewable power plants |
8.2 Renewable energy penetration rate in the overall energy mix of Grenada |
8.3 Average cost of renewable power generation per unit |
9 Grenada Renewable Power Generation Market - Opportunity Assessment |
9.1 Grenada Renewable Power Generation Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Renewable Power Generation Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 Grenada Renewable Power Generation Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Grenada Renewable Power Generation Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Grenada Renewable Power Generation Market - Competitive Landscape |
10.1 Grenada Renewable Power Generation Market Revenue Share, By Companies, 2024 |
10.2 Grenada Renewable Power Generation 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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