| Product Code: ETC5919185 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Grenada`s solid-state transformer import market saw significant growth in 2024, with top exporting countries including the USA, Costa Rica, Colombia, Saint Vincent and the Grenadines, and Trinidad and Tobago. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. The compound annual growth rate (CAGR) from 2020 to 2024 was strong at 11.76%, with a remarkable growth rate of 202.92% from 2023 to 2024. This data suggests a thriving market for solid-state transformers in Grenada, driven by a diverse range of exporting countries.
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 Solid-State Transformer Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Solid-State Transformer Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Solid-State Transformer Market - Industry Life Cycle |
3.4 Grenada Solid-State Transformer Market - Porter's Five Forces |
3.5 Grenada Solid-State Transformer Market Revenues & Volume Share, By Voltage Level, 2021 & 2031F |
3.6 Grenada Solid-State Transformer Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Solid-State Transformer Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for efficient power distribution systems |
4.2.2 Rapid adoption of renewable energy sources |
4.2.3 Growing focus on grid modernization and smart grid initiatives |
4.3 Market Restraints |
4.3.1 High initial investment cost |
4.3.2 Technological complexities and integration challenges |
4.3.3 Lack of standardized regulations and policies |
5 Grenada Solid-State Transformer Market Trends |
6 Grenada Solid-State Transformer Market Segmentations |
6.1 Grenada Solid-State Transformer Market, By Voltage Level |
6.1.1 Overview and Analysis |
6.1.2 Grenada Solid-State Transformer Market Revenues & Volume, By HV/MV, 2021-2031F |
6.1.3 Grenada Solid-State Transformer Market Revenues & Volume, By MV/LV, 2021-2031F |
6.2 Grenada Solid-State Transformer Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Solid-State Transformer Market Revenues & Volume, By Renewable Power Generation, 2021-2031F |
6.2.3 Grenada Solid-State Transformer Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.4 Grenada Solid-State Transformer Market Revenues & Volume, By Power Grids, 2021-2031F |
6.2.5 Grenada Solid-State Transformer Market Revenues & Volume, By Traction Locomotives, 2021-2031F |
6.2.6 Grenada Solid-State Transformer Market Revenues & Volume, By Others, 2021-2031F |
7 Grenada Solid-State Transformer Market Import-Export Trade Statistics |
7.1 Grenada Solid-State Transformer Market Export to Major Countries |
7.2 Grenada Solid-State Transformer Market Imports from Major Countries |
8 Grenada Solid-State Transformer Market Key Performance Indicators |
8.1 Energy efficiency improvements achieved through solid-state transformers |
8.2 Percentage increase in renewable energy integration facilitated by solid-state transformers |
8.3 Reduction in maintenance and downtime costs due to solid-state transformer implementation |
9 Grenada Solid-State Transformer Market - Opportunity Assessment |
9.1 Grenada Solid-State Transformer Market Opportunity Assessment, By Voltage Level, 2021 & 2031F |
9.2 Grenada Solid-State Transformer Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Solid-State Transformer Market - Competitive Landscape |
10.1 Grenada Solid-State Transformer Market Revenue Share, By Companies, 2024 |
10.2 Grenada Solid-State Transformer Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |