| Product Code: ETC4762636 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Grenada continued to rely on key exporters like the USA, Costa Rica, UK, Trinidad and Tobago, and China for its smart meter imports. Despite a high concentration with a high Herfindahl-Hirschman Index (HHI), the market experienced a negative compound annual growth rate (CAGR) of -3.96% from 2020 to 2024. However, there was a significant growth spurt in 2024 with a growth rate of 264.46% compared to the previous year. This surge indicates a potential shift or a specific factor influencing the smart meter import market in Grenada.
In the North America region, the Smart meter market in Grenada is projected to expand at a negative growth rate of -2.00% by 2027. The largest economy is United States of America, followed by Canada, Trinidad and Tobago, Jamaica and Bahamas.

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 Smart meter Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Smart meter Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Smart meter Market - Industry Life Cycle |
3.4 Grenada Smart meter Market - Porter's Five Forces |
3.5 Grenada Smart meter Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Smart meter Market Revenues & Volume Share, By Communication Type, 2021 & 2031F |
3.7 Grenada Smart meter Market Revenues & Volume Share, By Component Type, 2021 & 2031F |
3.8 Grenada Smart meter Market Revenues & Volume Share, By Technology Type, 2021 & 2031F |
3.9 Grenada Smart meter Market Revenues & Volume Share, By End-User, 2021 & 2031F |
4 Grenada Smart meter Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Smart meter Market Trends |
6 Grenada Smart meter Market Segmentations |
6.1 Grenada Smart meter Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Smart meter Market Revenues & Volume, By Electric, 2021-2031F |
6.1.3 Grenada Smart meter Market Revenues & Volume, By Gas, 2021-2031F |
6.1.4 Grenada Smart meter Market Revenues & Volume, By Water, 2021-2031F |
6.2 Grenada Smart meter Market, By Communication Type |
6.2.1 Overview and Analysis |
6.2.2 Grenada Smart meter Market Revenues & Volume, By RF, 2021-2031F |
6.2.3 Grenada Smart meter Market Revenues & Volume, By PLC, 2021-2031F |
6.2.4 Grenada Smart meter Market Revenues & Volume, By Cellular, 2021-2031F |
6.3 Grenada Smart meter Market, By Component Type |
6.3.1 Overview and Analysis |
6.3.2 Grenada Smart meter Market Revenues & Volume, By Hardware, 2021-2031F |
6.3.3 Grenada Smart meter Market Revenues & Volume, By Software, 2021-2031F |
6.4 Grenada Smart meter Market, By Technology Type |
6.4.1 Overview and Analysis |
6.4.2 Grenada Smart meter Market Revenues & Volume, By AMI, 2021-2031F |
6.4.3 Grenada Smart meter Market Revenues & Volume, By AMR, 2021-2031F |
6.5 Grenada Smart meter Market, By End-User |
6.5.1 Overview and Analysis |
6.5.2 Grenada Smart meter Market Revenues & Volume, By Residential, 2021-2031F |
6.5.3 Grenada Smart meter Market Revenues & Volume, By Commercial, 2021-2031F |
6.5.4 Grenada Smart meter Market Revenues & Volume, By Industrial, 2021-2031F |
7 Grenada Smart meter Market Import-Export Trade Statistics |
7.1 Grenada Smart meter Market Export to Major Countries |
7.2 Grenada Smart meter Market Imports from Major Countries |
8 Grenada Smart meter Market Key Performance Indicators |
9 Grenada Smart meter Market - Opportunity Assessment |
9.1 Grenada Smart meter Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Smart meter Market Opportunity Assessment, By Communication Type, 2021 & 2031F |
9.3 Grenada Smart meter Market Opportunity Assessment, By Component Type, 2021 & 2031F |
9.4 Grenada Smart meter Market Opportunity Assessment, By Technology Type, 2021 & 2031F |
9.5 Grenada Smart meter Market Opportunity Assessment, By End-User, 2021 & 2031F |
10 Grenada Smart meter Market - Competitive Landscape |
10.1 Grenada Smart meter Market Revenue Share, By Companies, 2024 |
10.2 Grenada Smart meter 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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