| Product Code: ETC7382280 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Grenada continued to see significant imports of telemetric devices, with top exporters including Trinidad and Tobago, USA, China, Canada, and Panama. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, while the compound annual growth rate (CAGR) from 2020 to 2024 was strong at 8.57%. However, there was a notable decline in growth rate from 2023 to 2024 at -10.38%, suggesting potential market challenges or shifts during that period. Monitoring these trends can provide valuable insights for stakeholders in the telemetric devices industry.
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 Telemetric Devices Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Telemetric Devices Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Telemetric Devices Market - Industry Life Cycle |
3.4 Grenada Telemetric Devices Market - Porter's Five Forces |
3.5 Grenada Telemetric Devices Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Telemetric Devices Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Telemetric Devices Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for remote monitoring and real-time data analysis in various industries |
4.2.2 Technological advancements in telemetric devices leading to improved efficiency and accuracy |
4.2.3 Government initiatives promoting the adoption of IoT devices and smart technologies in Grenada |
4.3 Market Restraints |
4.3.1 High initial investment cost for implementing telemetric devices |
4.3.2 Concerns regarding data security and privacy issues |
4.3.3 Limited technical expertise and skilled workforce in Grenada for managing and maintaining telemetric devices |
5 Grenada Telemetric Devices Market Trends |
6 Grenada Telemetric Devices Market, By Types |
6.1 Grenada Telemetric Devices Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Telemetric Devices Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Grenada Telemetric Devices Market Revenues & Volume, By Wire Link, 2021- 2031F |
6.1.4 Grenada Telemetric Devices Market Revenues & Volume, By Wireless, 2021- 2031F |
6.2 Grenada Telemetric Devices Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Telemetric Devices Market Revenues & Volume, By Healthcare, 2021- 2031F |
6.2.3 Grenada Telemetric Devices Market Revenues & Volume, By Industrial, 2021- 2031F |
6.2.4 Grenada Telemetric Devices Market Revenues & Volume, By Oil and Gas, 2021- 2031F |
6.2.5 Grenada Telemetric Devices Market Revenues & Volume, By Aerospace and Defense, 2021- 2031F |
7 Grenada Telemetric Devices Market Import-Export Trade Statistics |
7.1 Grenada Telemetric Devices Market Export to Major Countries |
7.2 Grenada Telemetric Devices Market Imports from Major Countries |
8 Grenada Telemetric Devices Market Key Performance Indicators |
8.1 Average response time for resolving technical issues with telemetric devices |
8.2 Percentage increase in the number of industries adopting telemetric devices |
8.3 Rate of growth in the development of IoT infrastructure in Grenada |
9 Grenada Telemetric Devices Market - Opportunity Assessment |
9.1 Grenada Telemetric Devices Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Telemetric Devices Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Telemetric Devices Market - Competitive Landscape |
10.1 Grenada Telemetric Devices Market Revenue Share, By Companies, 2024 |
10.2 Grenada Telemetric Devices 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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