| Product Code: ETC10276582 | 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 |
The import shipments of solar concentrators to Grenada saw a significant increase in concentration levels in 2024, with top exporting countries being the USA, UK, China, Italy, and Trinidad and Tobago. The high Herfindahl-Hirschman Index (HHI) indicates a market dominated by a few key players. The impressive Compound Annual Growth Rate (CAGR) of 8.83% from 2020 to 2024 demonstrates sustained growth in the market. The rapid growth rate of 48.3% from 2023 to 2024 suggests a surge in demand for solar concentrators in Grenada, highlighting a promising market outlook for the industry.
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 Solar Concentrator Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Solar Concentrator Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Solar Concentrator Market - Industry Life Cycle |
3.4 Grenada Solar Concentrator Market - Porter's Five Forces |
3.5 Grenada Solar Concentrator Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Solar Concentrator Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 Grenada Solar Concentrator Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Grenada Solar Concentrator Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Grenada Solar Concentrator Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Government incentives and subsidies for renewable energy projects |
4.2.2 Increasing awareness and adoption of clean energy solutions |
4.2.3 Growing demand for reliable and sustainable energy sources |
4.3 Market Restraints |
4.3.1 High initial investment costs |
4.3.2 Lack of skilled workforce for installation and maintenance |
4.3.3 Dependence on sunlight availability for optimal performance |
5 Grenada Solar Concentrator Market Trends |
6 Grenada Solar Concentrator Market, By Types |
6.1 Grenada Solar Concentrator Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Solar Concentrator Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Grenada Solar Concentrator Market Revenues & Volume, By Parabolic Trough, 2021 - 2031F |
6.1.4 Grenada Solar Concentrator Market Revenues & Volume, By Dish Stirling, 2021 - 2031F |
6.1.5 Grenada Solar Concentrator Market Revenues & Volume, By Power Tower, 2021 - 2031F |
6.1.6 Grenada Solar Concentrator Market Revenues & Volume, By Linear Fresnel, 2021 - 2031F |
6.2 Grenada Solar Concentrator Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Grenada Solar Concentrator Market Revenues & Volume, By Fresnel Reflectors, 2021 - 2031F |
6.2.3 Grenada Solar Concentrator Market Revenues & Volume, By Parabolic Dish, 2021 - 2031F |
6.2.4 Grenada Solar Concentrator Market Revenues & Volume, By Heliostat Mirrors, 2021 - 2031F |
6.2.5 Grenada Solar Concentrator Market Revenues & Volume, By Multi Junction PV, 2021 - 2031F |
6.3 Grenada Solar Concentrator Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Grenada Solar Concentrator Market Revenues & Volume, By Solar Thermal Power, 2021 - 2031F |
6.3.3 Grenada Solar Concentrator Market Revenues & Volume, By Water Heating, 2021 - 2031F |
6.3.4 Grenada Solar Concentrator Market Revenues & Volume, By Industrial Process Heat, 2021 - 2031F |
6.3.5 Grenada Solar Concentrator Market Revenues & Volume, By Concentrated PV (CPV), 2021 - 2031F |
6.4 Grenada Solar Concentrator Market, By End Use |
6.4.1 Overview and Analysis |
6.4.2 Grenada Solar Concentrator Market Revenues & Volume, By Industrial, 2021 - 2031F |
6.4.3 Grenada Solar Concentrator Market Revenues & Volume, By Residential, 2021 - 2031F |
6.4.4 Grenada Solar Concentrator Market Revenues & Volume, By Commercial, 2021 - 2031F |
6.4.5 Grenada Solar Concentrator Market Revenues & Volume, By Utility, 2021 - 2031F |
7 Grenada Solar Concentrator Market Import-Export Trade Statistics |
7.1 Grenada Solar Concentrator Market Export to Major Countries |
7.2 Grenada Solar Concentrator Market Imports from Major Countries |
8 Grenada Solar Concentrator Market Key Performance Indicators |
8.1 Capacity utilization rate of solar concentrators |
8.2 Average installation time for solar concentrator systems |
8.3 Percentage of energy generated from solar concentrators compared to total energy consumption |
9 Grenada Solar Concentrator Market - Opportunity Assessment |
9.1 Grenada Solar Concentrator Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Solar Concentrator Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 Grenada Solar Concentrator Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Grenada Solar Concentrator Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Grenada Solar Concentrator Market - Competitive Landscape |
10.1 Grenada Solar Concentrator Market Revenue Share, By Companies, 2024 |
10.2 Grenada Solar Concentrator 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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