| Product Code: ETC10286950 | 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 solar tracker import market in 2024 saw a significant increase in shipments, with top exporting countries being the USA, UK, Jamaica, Trinidad and Tobago, and China. Despite a negative compound annual growth rate from 2020 to 2024, the market experienced a remarkable growth rate of 183.37% from 2023 to 2024. The Herfindahl-Hirschman Index (HHI) remained at a high concentration level in 2024, indicating the dominance of key players in the market. This data suggests a dynamic and competitive landscape in Grenada`s solar tracker import sector.
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 Tracker Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Solar Tracker Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Solar Tracker Market - Industry Life Cycle |
3.4 Grenada Solar Tracker Market - Porter's Five Forces |
3.5 Grenada Solar Tracker Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Solar Tracker Market Revenues & Volume Share, By Tracking System, 2021 & 2031F |
3.7 Grenada Solar Tracker Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Grenada Solar Tracker Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Grenada Solar Tracker Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing government initiatives and incentives promoting renewable energy adoption in Grenada |
4.2.2 Growing awareness about the benefits of solar energy and the importance of sustainable practices |
4.2.3 Rising demand for clean energy solutions to reduce carbon footprint and combat climate change |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with setting up solar tracker systems |
4.3.2 Limited availability of skilled workforce for installation and maintenance of solar tracker technologies |
4.3.3 Dependence on weather conditions and sunlight intensity affecting the efficiency of solar tracker systems |
5 Grenada Solar Tracker Market Trends |
6 Grenada Solar Tracker Market, By Types |
6.1 Grenada Solar Tracker Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Solar Tracker Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Grenada Solar Tracker Market Revenues & Volume, By Single Axis, 2021 - 2031F |
6.1.4 Grenada Solar Tracker Market Revenues & Volume, By Dual Axis, 2021 - 2031F |
6.1.5 Grenada Solar Tracker Market Revenues & Volume, By Fixed, 2021 - 2031F |
6.1.6 Grenada Solar Tracker Market Revenues & Volume, By Vertical Axis, 2021 - 2031F |
6.1.7 Grenada Solar Tracker Market Revenues & Volume, By Horizontal Axis, 2021 - 2031F |
6.2 Grenada Solar Tracker Market, By Tracking System |
6.2.1 Overview and Analysis |
6.2.2 Grenada Solar Tracker Market Revenues & Volume, By Passive, 2021 - 2031F |
6.2.3 Grenada Solar Tracker Market Revenues & Volume, By Active, 2021 - 2031F |
6.2.4 Grenada Solar Tracker Market Revenues & Volume, By Manual, 2021 - 2031F |
6.2.5 Grenada Solar Tracker Market Revenues & Volume, By GPS Based, 2021 - 2031F |
6.2.6 Grenada Solar Tracker Market Revenues & Volume, By Others, 2021 - 2031F |
6.3 Grenada Solar Tracker Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Grenada Solar Tracker Market Revenues & Volume, By Utility Scale Solar, 2021 - 2031F |
6.3.3 Grenada Solar Tracker Market Revenues & Volume, By Commercial Solar, 2021 - 2031F |
6.3.4 Grenada Solar Tracker Market Revenues & Volume, By Industrial Power Generation, 2021 - 2031F |
6.3.5 Grenada Solar Tracker Market Revenues & Volume, By Hybrid Power Systems, 2021 - 2031F |
6.3.6 Grenada Solar Tracker Market Revenues & Volume, By Others, 2021 - 2031F |
6.4 Grenada Solar Tracker Market, By End Use |
6.4.1 Overview and Analysis |
6.4.2 Grenada Solar Tracker Market Revenues & Volume, By Residential, 2021 - 2031F |
6.4.3 Grenada Solar Tracker Market Revenues & Volume, By Commercial, 2021 - 2031F |
6.4.4 Grenada Solar Tracker Market Revenues & Volume, By Industrial, 2021 - 2031F |
6.4.5 Grenada Solar Tracker Market Revenues & Volume, By Utilities, 2021 - 2031F |
6.4.6 Grenada Solar Tracker Market Revenues & Volume, By Others, 2021 - 2031F |
7 Grenada Solar Tracker Market Import-Export Trade Statistics |
7.1 Grenada Solar Tracker Market Export to Major Countries |
7.2 Grenada Solar Tracker Market Imports from Major Countries |
8 Grenada Solar Tracker Market Key Performance Indicators |
8.1 Average daily energy production per solar tracker system |
8.2 Percentage increase in the number of solar tracker installations in Grenada annually |
8.3 Average return on investment (ROI) for solar tracker system owners in Grenada |
9 Grenada Solar Tracker Market - Opportunity Assessment |
9.1 Grenada Solar Tracker Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Solar Tracker Market Opportunity Assessment, By Tracking System, 2021 & 2031F |
9.3 Grenada Solar Tracker Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Grenada Solar Tracker Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Grenada Solar Tracker Market - Competitive Landscape |
10.1 Grenada Solar Tracker Market Revenue Share, By Companies, 2024 |
10.2 Grenada Solar Tracker 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.
To discover high-growth global markets and optimize your business strategy:
Click Here