| Product Code: ETC11320870 | Publication Date: Apr 2025 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
The import shipments of wind power converters to Grenada in 2024 saw a significant increase in concentration, with the top exporting countries being USA, Trinidad and Tobago, UK, China, and Ireland. The Herfindahl-Hirschman Index (HHI) indicated very high concentration levels, reflecting a competitive market landscape. Despite a negative compound annual growth rate (CAGR) from 2020 to 2024, there was a notable growth rate of 13.08% from 2023 to 2024, suggesting a recent uptick in demand for wind power converters in Grenada. This trend highlights the growing importance of renewable energy sources in the region.
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 Wind Power Converter Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Wind Power Converter Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Wind Power Converter Market - Industry Life Cycle |
3.4 Grenada Wind Power Converter Market - Porter's Five Forces |
3.5 Grenada Wind Power Converter Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Grenada Wind Power Converter Market Revenues & Volume Share, By Packaging Type, 2021 & 2031F |
3.7 Grenada Wind Power Converter Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
3.8 Grenada Wind Power Converter Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Grenada Wind Power Converter Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Wind Power Converter Market Trends |
6 Grenada Wind Power Converter Market, By Types |
6.1 Grenada Wind Power Converter Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Wind Power Converter Market Revenues & Volume, By Product Type, 2021 - 2031F |
6.1.3 Grenada Wind Power Converter Market Revenues & Volume, By Grid-Tied Wind Power Converters, 2021 - 2031F |
6.1.4 Grenada Wind Power Converter Market Revenues & Volume, By Off-Grid Wind Power Converters, 2021 - 2031F |
6.1.5 Grenada Wind Power Converter Market Revenues & Volume, By High-Power Wind Inverters, 2021 - 2031F |
6.1.6 Grenada Wind Power Converter Market Revenues & Volume, By Low-Power Wind Inverters, 2021 - 2031F |
6.2 Grenada Wind Power Converter Market, By Packaging Type |
6.2.1 Overview and Analysis |
6.2.2 Grenada Wind Power Converter Market Revenues & Volume, By Bulk Packaging, 2021 - 2031F |
6.2.3 Grenada Wind Power Converter Market Revenues & Volume, By Boxed, 2021 - 2031F |
6.2.4 Grenada Wind Power Converter Market Revenues & Volume, By Custom Packaged, 2021 - 2031F |
6.2.5 Grenada Wind Power Converter Market Revenues & Volume, By Retail Packaging, 2021 - 2031F |
6.3 Grenada Wind Power Converter Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Grenada Wind Power Converter Market Revenues & Volume, By Energy Suppliers, 2021 - 2031F |
6.3.3 Grenada Wind Power Converter Market Revenues & Volume, By Direct Sales, 2021 - 2031F |
6.3.4 Grenada Wind Power Converter Market Revenues & Volume, By Renewable Energy Distributors, 2021 - 2031F |
6.3.5 Grenada Wind Power Converter Market Revenues & Volume, By Online Stores, 2021 - 2031F |
6.4 Grenada Wind Power Converter Market, By End User |
6.4.1 Overview and Analysis |
6.4.2 Grenada Wind Power Converter Market Revenues & Volume, By Utilities, 2021 - 2031F |
6.4.3 Grenada Wind Power Converter Market Revenues & Volume, By Remote Areas, 2021 - 2031F |
6.4.4 Grenada Wind Power Converter Market Revenues & Volume, By Large-Scale Wind Farms, 2021 - 2031F |
6.4.5 Grenada Wind Power Converter Market Revenues & Volume, By Home Users, 2021 - 2031F |
7 Grenada Wind Power Converter Market Import-Export Trade Statistics |
7.1 Grenada Wind Power Converter Market Export to Major Countries |
7.2 Grenada Wind Power Converter Market Imports from Major Countries |
8 Grenada Wind Power Converter Market Key Performance Indicators |
9 Grenada Wind Power Converter Market - Opportunity Assessment |
9.1 Grenada Wind Power Converter Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Grenada Wind Power Converter Market Opportunity Assessment, By Packaging Type, 2021 & 2031F |
9.3 Grenada Wind Power Converter Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
9.4 Grenada Wind Power Converter Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Grenada Wind Power Converter Market - Competitive Landscape |
10.1 Grenada Wind Power Converter Market Revenue Share, By Companies, 2024 |
10.2 Grenada Wind Power Converter 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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