| Product Code: ETC10346662 | 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 witness a high level of concentration in its rotating equipment import market, with the top exporting countries being the USA, UK, Marshall Islands, Japan, and Trinidad and Tobago. The Compound Annual Growth Rate (CAGR) from 2020 to 2024 stood at a healthy 11.15%, showcasing a strong upward trend in import volumes. Despite a slight dip in the growth rate from 2023 to 2024 at 0.33%, the market remains robust and attractive for international suppliers looking to capitalize on Grenada`s demand for rotating equipment.
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 Rotating Equipment Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Rotating Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Rotating Equipment Market - Industry Life Cycle |
3.4 Grenada Rotating Equipment Market - Porter's Five Forces |
3.5 Grenada Rotating Equipment Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Rotating Equipment Market Revenues & Volume Share, By Drive Type, 2021 & 2031F |
3.7 Grenada Rotating Equipment Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.8 Grenada Rotating Equipment Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Rotating Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing industrial activities in Grenada leading to higher demand for rotating equipment |
4.2.2 Growing focus on energy efficiency and sustainability driving the adoption of advanced rotating equipment |
4.2.3 Government initiatives and investments in infrastructure projects boosting the demand for rotating equipment |
4.3 Market Restraints |
4.3.1 High initial investment cost associated with purchasing and installing rotating equipment |
4.3.2 Lack of skilled workforce for maintenance and operation of rotating equipment |
4.3.3 Economic uncertainties impacting the decision-making process for investing in rotating equipment |
5 Grenada Rotating Equipment Market Trends |
6 Grenada Rotating Equipment Market, By Types |
6.1 Grenada Rotating Equipment Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Rotating Equipment Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Grenada Rotating Equipment Market Revenues & Volume, By Compressors, 2021 - 2031F |
6.1.4 Grenada Rotating Equipment Market Revenues & Volume, By Turbines, 2021 - 2031F |
6.1.5 Grenada Rotating Equipment Market Revenues & Volume, By Pumps, 2021 - 2031F |
6.1.6 Grenada Rotating Equipment Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 Grenada Rotating Equipment Market, By Drive Type |
6.2.1 Overview and Analysis |
6.2.2 Grenada Rotating Equipment Market Revenues & Volume, By Electric, 2021 - 2031F |
6.2.3 Grenada Rotating Equipment Market Revenues & Volume, By Mechanical, 2021 - 2031F |
6.2.4 Grenada Rotating Equipment Market Revenues & Volume, By Hybrid, 2021 - 2031F |
6.2.5 Grenada Rotating Equipment Market Revenues & Volume, By Others, 2021 - 2031F |
6.3 Grenada Rotating Equipment Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Grenada Rotating Equipment Market Revenues & Volume, By Oil & Gas, 2021 - 2031F |
6.3.3 Grenada Rotating Equipment Market Revenues & Volume, By Manufacturing, 2021 - 2031F |
6.3.4 Grenada Rotating Equipment Market Revenues & Volume, By Chemicals, 2021 - 2031F |
6.3.5 Grenada Rotating Equipment Market Revenues & Volume, By Others, 2021 - 2031F |
6.4 Grenada Rotating Equipment Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Grenada Rotating Equipment Market Revenues & Volume, By Fluid Handling, 2021 - 2031F |
6.4.3 Grenada Rotating Equipment Market Revenues & Volume, By Power Generation, 2021 - 2031F |
6.4.4 Grenada Rotating Equipment Market Revenues & Volume, By Processing, 2021 - 2031F |
6.4.5 Grenada Rotating Equipment Market Revenues & Volume, By Others, 2021 - 2031F |
7 Grenada Rotating Equipment Market Import-Export Trade Statistics |
7.1 Grenada Rotating Equipment Market Export to Major Countries |
7.2 Grenada Rotating Equipment Market Imports from Major Countries |
8 Grenada Rotating Equipment Market Key Performance Indicators |
8.1 Energy efficiency improvement rate of rotating equipment in Grenada |
8.2 Percentage increase in the adoption of advanced technology in rotating equipment |
8.3 Maintenance downtime reduction percentage for rotating equipment |
9 Grenada Rotating Equipment Market - Opportunity Assessment |
9.1 Grenada Rotating Equipment Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Rotating Equipment Market Opportunity Assessment, By Drive Type, 2021 & 2031F |
9.3 Grenada Rotating Equipment Market Opportunity Assessment, By End User, 2021 & 2031F |
9.4 Grenada Rotating Equipment Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Rotating Equipment Market - Competitive Landscape |
10.1 Grenada Rotating Equipment Market Revenue Share, By Companies, 2024 |
10.2 Grenada Rotating Equipment 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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