| Product Code: ETC10841830 | Publication Date: Apr 2025 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 | |
The import shipments of smart wiring devices to Grenada in 2024 saw a significant shift in concentration, moving from moderate to high concentration according to the Herfindahl-Hirschman Index (HHI). Top exporting countries include the UK, USA, Trinidad and Tobago, China, and Germany. Despite a decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) for the period 2020-2024 remained strong at 12.64%. This data suggests a competitive market landscape for smart wiring devices in Grenada, with key players from various countries vying for market share.
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 Wiring Devices Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Smart Wiring Devices Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Smart Wiring Devices Market - Industry Life Cycle |
3.4 Grenada Smart Wiring Devices Market - Porter's Five Forces |
3.5 Grenada Smart Wiring Devices Market Revenues & Volume Share, By Device Type, 2021 & 2031F |
3.6 Grenada Smart Wiring Devices Market Revenues & Volume Share, By Connectivity Features, 2021 & 2031F |
3.7 Grenada Smart Wiring Devices Market Revenues & Volume Share, By Smart Sensors, 2021 & 2031F |
3.8 Grenada Smart Wiring Devices Market Revenues & Volume Share, By Application Areas, 2021 & 2031F |
3.9 Grenada Smart Wiring Devices Market Revenues & Volume Share, By Safety & Compliance, 2021 & 2031F |
4 Grenada Smart Wiring Devices Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Smart Wiring Devices Market Trends |
6 Grenada Smart Wiring Devices Market, By Types |
6.1 Grenada Smart Wiring Devices Market, By Device Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Smart Wiring Devices Market Revenues & Volume, By Device Type, 2021 - 2031F |
6.1.3 Grenada Smart Wiring Devices Market Revenues & Volume, By Smart Switches, 2021 - 2031F |
6.1.4 Grenada Smart Wiring Devices Market Revenues & Volume, By Smart Power Strips, 2021 - 2031F |
6.1.5 Grenada Smart Wiring Devices Market Revenues & Volume, By IoT-Connected Sockets, 2021 - 2031F |
6.1.6 Grenada Smart Wiring Devices Market Revenues & Volume, By Smart Circuit Breakers, 2021 - 2031F |
6.1.7 Grenada Smart Wiring Devices Market Revenues & Volume, By AI-Enabled Light Dimmers, 2021 - 2031F |
6.2 Grenada Smart Wiring Devices Market, By Connectivity Features |
6.2.1 Overview and Analysis |
6.2.2 Grenada Smart Wiring Devices Market Revenues & Volume, By Wi-Fi & Zigbee, 2021 - 2031F |
6.2.3 Grenada Smart Wiring Devices Market Revenues & Volume, By AI-Based Energy Monitoring, 2021 - 2031F |
6.2.4 Grenada Smart Wiring Devices Market Revenues & Volume, By Mobile App Integration, 2021 - 2031F |
6.2.5 Grenada Smart Wiring Devices Market Revenues & Volume, By AI-Powered Load Balancing, 2021 - 2031F |
6.2.6 Grenada Smart Wiring Devices Market Revenues & Volume, By Adaptive Brightness, 2021 - 2031F |
6.3 Grenada Smart Wiring Devices Market, By Smart Sensors |
6.3.1 Overview and Analysis |
6.3.2 Grenada Smart Wiring Devices Market Revenues & Volume, By Touch-Sensitive Controls, 2021 - 2031F |
6.3.3 Grenada Smart Wiring Devices Market Revenues & Volume, By Voice Recognition, 2021 - 2031F |
6.3.4 Grenada Smart Wiring Devices Market Revenues & Volume, By Real-Time Usage Analytics, 2021 - 2031F |
6.3.5 Grenada Smart Wiring Devices Market Revenues & Volume, By Auto Power Cut-Off, 2021 - 2031F |
6.3.6 Grenada Smart Wiring Devices Market Revenues & Volume, By Motion Sensors, 2021 - 2031F |
6.4 Grenada Smart Wiring Devices Market, By Application Areas |
6.4.1 Overview and Analysis |
6.4.2 Grenada Smart Wiring Devices Market Revenues & Volume, By Smart Homes & Offices, 2021 - 2031F |
6.4.3 Grenada Smart Wiring Devices Market Revenues & Volume, By Industrial & Commercial Spaces, 2021 - 2031F |
6.4.4 Grenada Smart Wiring Devices Market Revenues & Volume, By Home Automation, 2021 - 2031F |
6.4.5 Grenada Smart Wiring Devices Market Revenues & Volume, By Data Centers & IT Infrastructure, 2021 - 2031F |
6.4.6 Grenada Smart Wiring Devices Market Revenues & Volume, By Hospitality & Retail Chains, 2021 - 2031F |
6.5 Grenada Smart Wiring Devices Market, By Safety & Compliance |
6.5.1 Overview and Analysis |
6.5.2 Grenada Smart Wiring Devices Market Revenues & Volume, By Fire-Resistant Materials, 2021 - 2031F |
6.5.3 Grenada Smart Wiring Devices Market Revenues & Volume, By Surge Protection, 2021 - 2031F |
6.5.4 Grenada Smart Wiring Devices Market Revenues & Volume, By Child Safety Lock Mechanism, 2021 - 2031F |
6.5.5 Grenada Smart Wiring Devices Market Revenues & Volume, By ISO Electrical Safety Standards, 2021 - 2031F |
6.5.6 Grenada Smart Wiring Devices Market Revenues & Volume, By Energy Consumption Optimization, 2021 - 2031F |
7 Grenada Smart Wiring Devices Market Import-Export Trade Statistics |
7.1 Grenada Smart Wiring Devices Market Export to Major Countries |
7.2 Grenada Smart Wiring Devices Market Imports from Major Countries |
8 Grenada Smart Wiring Devices Market Key Performance Indicators |
9 Grenada Smart Wiring Devices Market - Opportunity Assessment |
9.1 Grenada Smart Wiring Devices Market Opportunity Assessment, By Device Type, 2021 & 2031F |
9.2 Grenada Smart Wiring Devices Market Opportunity Assessment, By Connectivity Features, 2021 & 2031F |
9.3 Grenada Smart Wiring Devices Market Opportunity Assessment, By Smart Sensors, 2021 & 2031F |
9.4 Grenada Smart Wiring Devices Market Opportunity Assessment, By Application Areas, 2021 & 2031F |
9.5 Grenada Smart Wiring Devices Market Opportunity Assessment, By Safety & Compliance, 2021 & 2031F |
10 Grenada Smart Wiring Devices Market - Competitive Landscape |
10.1 Grenada Smart Wiring Devices Market Revenue Share, By Companies, 2024 |
10.2 Grenada Smart Wiring Devices 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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