| Product Code: ETC4800541 | 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 |
Grenada`s transformer import market in 2024 continued to see strong growth, with a high Herfindahl-Hirschman Index indicating concentration among top exporting countries. The USA, Panama, Colombia, Costa Rica, and Germany were the key players driving this growth, with a remarkable 179.81% increase in shipments from 2023 to 2024. The impressive compound annual growth rate (CAGR) of 24.57% from 2020 to 2024 underscores the steady expansion of Grenada`s transformer import sector, highlighting a robust demand for these essential electrical components.
The Transformer market in Grenada is projected to grow at a stable growth rate of 1.54% by 2027, within the North America region led by United States of America, along with other countries like Canada, Trinidad and Tobago, Jamaica and Bahamas, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.

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 Transformer Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Transformer Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Transformer Market - Industry Life Cycle |
3.4 Grenada Transformer Market - Porter's Five Forces |
3.5 Grenada Transformer Market Revenues & Volume Share, By Core, 2021 & 2031F |
3.6 Grenada Transformer Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.7 Grenada Transformer Market Revenues & Volume Share, By Winding, 2021 & 2031F |
3.8 Grenada Transformer Market Revenues & Volume Share, By Installation, 2021 & 2031F |
3.9 Grenada Transformer Market Revenues & Volume Share, By Cooling, 2021 & 2031F |
3.10 Grenada Transformer Market Revenues & Volume Share, By Insulation, 2021 & 2031F |
3.11 Grenada Transformer Market Revenues & Volume Share, By Phase, 2021 & 2031F |
4 Grenada Transformer Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Transformer Market Trends |
6 Grenada Transformer Market Segmentations |
6.1 Grenada Transformer Market, By Core |
6.1.1 Overview and Analysis |
6.1.2 Grenada Transformer Market Revenues & Volume, By Closed, 2021-2031F |
6.1.3 Grenada Transformer Market Revenues & Volume, By Shell, 2021-2031F |
6.1.4 Grenada Transformer Market Revenues & Volume, By Berry, 2021-2031F |
6.2 Grenada Transformer Market, By Product |
6.2.1 Overview and Analysis |
6.2.2 Grenada Transformer Market Revenues & Volume, By Power transformer, 2021-2031F |
6.2.3 Grenada Transformer Market Revenues & Volume, By Distribution transformer, 2021-2031F |
6.2.4 Grenada Transformer Market Revenues & Volume, By Instrument transformer, 2021-2031F |
6.2.5 Grenada Transformer Market Revenues & Volume, By Others, 2021-2031F |
6.3 Grenada Transformer Market, By Winding |
6.3.1 Overview and Analysis |
6.3.2 Grenada Transformer Market Revenues & Volume, By Two-winding, 2021-2031F |
6.3.3 Grenada Transformer Market Revenues & Volume, By Auto-transformer, 2021-2031F |
6.4 Grenada Transformer Market, By Installation |
6.4.1 Overview and Analysis |
6.4.2 Grenada Transformer Market Revenues & Volume, By Outdoor, 2021-2031F |
6.4.3 Grenada Transformer Market Revenues & Volume, By Indoor, 2021-2031F |
6.5 Grenada Transformer Market, By Cooling |
6.5.1 Overview and Analysis |
6.5.2 Grenada Transformer Market Revenues & Volume, By Dry type, 2021-2031F |
6.5.3 Grenada Transformer Market Revenues & Volume, By Oil Immersed, 2021-2031F |
6.6 Grenada Transformer Market, By Insulation |
6.6.1 Overview and Analysis |
6.6.2 Grenada Transformer Market Revenues & Volume, By Gas, 2021-2031F |
6.6.3 Grenada Transformer Market Revenues & Volume, By Oil, 2021-2031F |
6.6.4 Grenada Transformer Market Revenues & Volume, By Solid, 2021-2031F |
6.6.5 Grenada Transformer Market Revenues & Volume, By Air, 2021-2031F |
6.6.6 Grenada Transformer Market Revenues & Volume, By Others, 2021-2031F |
6.7 Grenada Transformer Market, By Phase |
6.7.1 Overview and Analysis |
6.7.2 Grenada Transformer Market Revenues & Volume, By Single phase, 2021-2031F |
6.7.3 Grenada Transformer Market Revenues & Volume, By 3 - phase, 2021-2031F |
6.8 Grenada Transformer Market, By Rating |
6.8.1 Overview and Analysis |
6.8.2 Grenada Transformer Market Revenues & Volume, By ? 10 MVA, 2021-2031F |
6.8.3 Grenada Transformer Market Revenues & Volume, By 11 MVA to 60 MVA, 2021-2031F |
6.8.4 Grenada Transformer Market Revenues & Volume, By > 600 MVA, 2021-2031F |
6.8.5 Grenada Transformer Market Revenues & Volume, By > 600 MVA, 2021-2031F |
7 Grenada Transformer Market Import-Export Trade Statistics |
7.1 Grenada Transformer Market Export to Major Countries |
7.2 Grenada Transformer Market Imports from Major Countries |
8 Grenada Transformer Market Key Performance Indicators |
9 Grenada Transformer Market - Opportunity Assessment |
9.1 Grenada Transformer Market Opportunity Assessment, By Core, 2021 & 2031F |
9.2 Grenada Transformer Market Opportunity Assessment, By Product, 2021 & 2031F |
9.3 Grenada Transformer Market Opportunity Assessment, By Winding, 2021 & 2031F |
9.4 Grenada Transformer Market Opportunity Assessment, By Installation, 2021 & 2031F |
9.5 Grenada Transformer Market Opportunity Assessment, By Cooling, 2021 & 2031F |
9.6 Grenada Transformer Market Opportunity Assessment, By Insulation, 2021 & 2031F |
9.7 Grenada Transformer Market Opportunity Assessment, By Phase, 2021 & 2031F |
9.7 Grenada Transformer Market Opportunity Assessment, By Rating, 2021 & 2031F |
10 Grenada Transformer Market - Competitive Landscape |
10.1 Grenada Transformer Market Revenue Share, By Companies, 2024 |
10.2 Grenada Transformer 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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