| Product Code: ETC5789510 | 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 import shipments of subsea pumps in 2024 show a continued upward trend, with the top exporting countries being the USA, Netherlands, UK, China, and Germany. Despite a high concentration in the market in 2023, the Herfindahl-Hirschman Index (HHI) increased to signify even higher concentration in 2024. The compound annual growth rate (CAGR) from 2020 to 2024 stands at 4.65%, indicating steady growth, while the remarkable growth rate of 47.68% from 2023 to 2024 highlights a significant surge in demand for subsea pumps in Grenada.
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 Subsea Pumps Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Subsea Pumps Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Subsea Pumps Market - Industry Life Cycle |
3.4 Grenada Subsea Pumps Market - Porter's Five Forces |
3.5 Grenada Subsea Pumps Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Subsea Pumps Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Subsea Pumps Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing offshore oil and gas exploration activities in Grenada |
4.2.2 Growing demand for renewable energy sources driving investments in underwater energy projects |
4.2.3 Technological advancements in subsea pump systems improving efficiency and performance |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with subsea pump installations |
4.3.2 Environmental regulations and concerns impacting project approvals and timelines |
4.3.3 Volatility in global oil prices affecting investments in offshore projects |
5 Grenada Subsea Pumps Market Trends |
6 Grenada Subsea Pumps Market Segmentations |
6.1 Grenada Subsea Pumps Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Subsea Pumps Market Revenues & Volume, By Helico-Axial, 2021-2031F |
6.1.3 Grenada Subsea Pumps Market Revenues & Volume, By ESP, 2021-2031F |
6.1.4 Grenada Subsea Pumps Market Revenues & Volume, By Centrifugal, 2021-2031F |
6.1.5 Grenada Subsea Pumps Market Revenues & Volume, By Twin-Screw, 2021-2031F |
6.1.6 Grenada Subsea Pumps Market Revenues & Volume, By Hybrid, 2021-2031F |
6.1.7 Grenada Subsea Pumps Market Revenues & Volume, By Counter-Axial, 2021-2031F |
6.2 Grenada Subsea Pumps Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Subsea Pumps Market Revenues & Volume, By Subsea Boosting, 2021-2031F |
6.2.3 Grenada Subsea Pumps Market Revenues & Volume, By Subsea Injection, 2021-2031F |
6.2.4 Grenada Subsea Pumps Market Revenues & Volume, By Subsea Separation, 2021-2031F |
6.2.5 Grenada Subsea Pumps Market Revenues & Volume, By Subsea Gas Compression, 2021-2031F |
7 Grenada Subsea Pumps Market Import-Export Trade Statistics |
7.1 Grenada Subsea Pumps Market Export to Major Countries |
7.2 Grenada Subsea Pumps Market Imports from Major Countries |
8 Grenada Subsea Pumps Market Key Performance Indicators |
8.1 Average project ROI for subsea pump installations in Grenada |
8.2 Number of new offshore drilling projects in Grenada utilizing subsea pump technology |
8.3 Adoption rate of subsea pump systems in renewable energy projects in Grenada |
9 Grenada Subsea Pumps Market - Opportunity Assessment |
9.1 Grenada Subsea Pumps Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Subsea Pumps Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Subsea Pumps Market - Competitive Landscape |
10.1 Grenada Subsea Pumps Market Revenue Share, By Companies, 2024 |
10.2 Grenada Subsea Pumps 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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