| Product Code: ETC4942718 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Grenada continued to import significant quantities of switchgear and switchboard apparatus, with the top exporting countries being the USA, Trinidad and Tobago, China, Mexico, and Saint Lucia. Despite a slight decline in growth rate from 2023 to 2024, the industry maintained a steady Compound Annual Growth Rate (CAGR) of 2.24% over the period of 2020-2024. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, suggesting the dominance of key players. Grenada`s reliance on these top exporting countries highlights the importance of monitoring global market trends and diversifying import sources for resilience in the 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 Switchgear and switchboard apparatus Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Switchgear and switchboard apparatus Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Switchgear and switchboard apparatus Market - Industry Life Cycle |
3.4 Grenada Switchgear and switchboard apparatus Market - Porter's Five Forces |
3.5 Grenada Switchgear and switchboard apparatus Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Switchgear and switchboard apparatus Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Switchgear and switchboard apparatus Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Switchgear and switchboard apparatus Market Trends |
6 Grenada Switchgear and switchboard apparatus Market Segmentations |
6.1 Grenada Switchgear and switchboard apparatus Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Switchgear and switchboard apparatus Market Revenues & Volume, By Switchgear, 2021-2031F |
6.1.3 Grenada Switchgear and switchboard apparatus Market Revenues & Volume, By Switchboard, 2021-2031F |
6.2 Grenada Switchgear and switchboard apparatus Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Switchgear and switchboard apparatus Market Revenues & Volume, By Industrial, 2021-2031F |
6.2.3 Grenada Switchgear and switchboard apparatus Market Revenues & Volume, By Residential, 2021-2031F |
6.2.4 Grenada Switchgear and switchboard apparatus Market Revenues & Volume, By Commercial, 2021-2031F |
7 Grenada Switchgear and switchboard apparatus Market Import-Export Trade Statistics |
7.1 Grenada Switchgear and switchboard apparatus Market Export to Major Countries |
7.2 Grenada Switchgear and switchboard apparatus Market Imports from Major Countries |
8 Grenada Switchgear and switchboard apparatus Market Key Performance Indicators |
9 Grenada Switchgear and switchboard apparatus Market - Opportunity Assessment |
9.1 Grenada Switchgear and switchboard apparatus Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Switchgear and switchboard apparatus Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Switchgear and switchboard apparatus Market - Competitive Landscape |
10.1 Grenada Switchgear and switchboard apparatus Market Revenue Share, By Companies, 2024 |
10.2 Grenada Switchgear and switchboard apparatus 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