| Product Code: ETC7381193 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Grenada continued to heavily rely on imports of solenoid valves, with the top exporting countries being the USA, Trinidad and Tobago, Switzerland, Canada, and Japan. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. Despite a remarkable compound annual growth rate (CAGR) of 23.13% from 2020 to 2024, there was a sharp decline in growth rate from 2023 to 2024 at -23.64%. This fluctuation may suggest shifting market dynamics or temporary challenges in the industry, warranting further analysis for stakeholders in the solenoid valves 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 Solenoid Valves Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Solenoid Valves Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Solenoid Valves Market - Industry Life Cycle |
3.4 Grenada Solenoid Valves Market - Porter's Five Forces |
3.5 Grenada Solenoid Valves Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Solenoid Valves Market Revenues & Volume Share, By Solenoid Valve Application, 2021 & 2031F |
3.7 Grenada Solenoid Valves Market Revenues & Volume Share, By Solenoid Valve, 2021 & 2031F |
4 Grenada Solenoid Valves Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Solenoid Valves Market Trends |
6 Grenada Solenoid Valves Market, By Types |
6.1 Grenada Solenoid Valves Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Solenoid Valves Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Grenada Solenoid Valves Market Revenues & Volume, By Direct-acting Valves, 2021- 2031F |
6.1.4 Grenada Solenoid Valves Market Revenues & Volume, By Pilot-operating Valves, 2021- 2031F |
6.2 Grenada Solenoid Valves Market, By Solenoid Valve Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Solenoid Valves Market Revenues & Volume, By 2-Way, 2021- 2031F |
6.2.3 Grenada Solenoid Valves Market Revenues & Volume, By 3-Way, 2021- 2031F |
6.2.4 Grenada Solenoid Valves Market Revenues & Volume, By 4-Way, 2021- 2031F |
6.2.5 Grenada Solenoid Valves Market Revenues & Volume, By 5-Way, 2021- 2031F |
6.3 Grenada Solenoid Valves Market, By Solenoid Valve |
6.3.1 Overview and Analysis |
6.3.2 Grenada Solenoid Valves Market Revenues & Volume, By Oil & Gas, 2021- 2031F |
6.3.3 Grenada Solenoid Valves Market Revenues & Volume, By Chemical & Petrochemical, 2021- 2031F |
6.3.4 Grenada Solenoid Valves Market Revenues & Volume, By Power Generation, 2021- 2031F |
6.3.5 Grenada Solenoid Valves Market Revenues & Volume, By Pharmaceutical, 2021- 2031F |
6.3.6 Grenada Solenoid Valves Market Revenues & Volume, By Automotive, 2021- 2031F |
6.3.7 Grenada Solenoid Valves Market Revenues & Volume, By Medical, 2021- 2031F |
7 Grenada Solenoid Valves Market Import-Export Trade Statistics |
7.1 Grenada Solenoid Valves Market Export to Major Countries |
7.2 Grenada Solenoid Valves Market Imports from Major Countries |
8 Grenada Solenoid Valves Market Key Performance Indicators |
9 Grenada Solenoid Valves Market - Opportunity Assessment |
9.1 Grenada Solenoid Valves Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Solenoid Valves Market Opportunity Assessment, By Solenoid Valve Application, 2021 & 2031F |
9.3 Grenada Solenoid Valves Market Opportunity Assessment, By Solenoid Valve, 2021 & 2031F |
10 Grenada Solenoid Valves Market - Competitive Landscape |
10.1 Grenada Solenoid Valves Market Revenue Share, By Companies, 2024 |
10.2 Grenada Solenoid Valves 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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