| Product Code: ETC5784589 | 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 transfer switches in 2024 continued to be dominated by top exporting countries including the USA, UK, Barbados, Germany, and Metropolitan France. The high Herfindahl-Hirschman Index (HHI) indicates a concentration in the market. With a strong compound annual growth rate (CAGR) of 19.85% from 2020 to 2024 and a steady growth rate of 6.49% from 2023 to 2024, the transfer switch market in Grenada shows promising growth potential and sustained interest from key exporters.
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 Transfer Switch Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Transfer Switch Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Transfer Switch Market - Industry Life Cycle |
3.4 Grenada Transfer Switch Market - Porter's Five Forces |
3.5 Grenada Transfer Switch Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Transfer Switch Market Revenues & Volume Share, By Transition Mode, 2021 & 2031F |
3.7 Grenada Transfer Switch Market Revenues & Volume Share, By Ampere Rating, 2021 & 2031F |
3.8 Grenada Transfer Switch Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Grenada Transfer Switch Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increase in demand for reliable power supply in Grenada |
4.2.2 Growing awareness about the importance of backup power solutions |
4.2.3 Government initiatives to improve infrastructure and resilience to power outages |
4.3 Market Restraints |
4.3.1 High initial cost of transfer switches |
4.3.2 Limited availability of skilled technicians for installation and maintenance |
4.3.3 Fluctuating raw material prices impacting manufacturing costs |
5 Grenada Transfer Switch Market Trends |
6 Grenada Transfer Switch Market Segmentations |
6.1 Grenada Transfer Switch Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Transfer Switch Market Revenues & Volume, By Automatic, 2021-2031F |
6.1.3 Grenada Transfer Switch Market Revenues & Volume, By Manual, 2021-2031F |
6.2 Grenada Transfer Switch Market, By Transition Mode |
6.2.1 Overview and Analysis |
6.2.2 Grenada Transfer Switch Market Revenues & Volume, By Open, 2021-2031F |
6.2.3 Grenada Transfer Switch Market Revenues & Volume, By Closed, 2021-2031F |
6.2.4 Grenada Transfer Switch Market Revenues & Volume, By Delayed, 2021-2031F |
6.2.5 Grenada Transfer Switch Market Revenues & Volume, By Soft Load, 2021-2031F |
6.3 Grenada Transfer Switch Market, By Ampere Rating |
6.3.1 Overview and Analysis |
6.3.2 Grenada Transfer Switch Market Revenues & Volume, By 0-300A, 2021-2031F |
6.3.3 Grenada Transfer Switch Market Revenues & Volume, By 301-1600A, 2021-2031F |
6.3.4 Grenada Transfer Switch Market Revenues & Volume, By 1600A-4000A, 2021-2031F |
6.4 Grenada Transfer Switch Market, By Applications |
6.4.1 Overview and Analysis |
6.4.2 Grenada Transfer Switch Market Revenues & Volume, By Industrial, 2021-2031F |
6.4.3 Grenada Transfer Switch Market Revenues & Volume, By Commercial, 2021-2031F |
6.4.4 Grenada Transfer Switch Market Revenues & Volume, By Residential, 2021-2031F |
7 Grenada Transfer Switch Market Import-Export Trade Statistics |
7.1 Grenada Transfer Switch Market Export to Major Countries |
7.2 Grenada Transfer Switch Market Imports from Major Countries |
8 Grenada Transfer Switch Market Key Performance Indicators |
8.1 Average time taken for installation of transfer switches |
8.2 Number of power outages in Grenada |
8.3 Percentage of households equipped with backup power solutions |
8.4 Rate of adoption of smart transfer switch technology |
8.5 Number of government projects focused on improving power infrastructure |
9 Grenada Transfer Switch Market - Opportunity Assessment |
9.1 Grenada Transfer Switch Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Transfer Switch Market Opportunity Assessment, By Transition Mode, 2021 & 2031F |
9.3 Grenada Transfer Switch Market Opportunity Assessment, By Ampere Rating, 2021 & 2031F |
9.4 Grenada Transfer Switch Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Grenada Transfer Switch Market - Competitive Landscape |
10.1 Grenada Transfer Switch Market Revenue Share, By Companies, 2024 |
10.2 Grenada Transfer Switch 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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