Grenada Battery Energy Storage Market (2025-2031) | Share, Size, Growth, Companies, Outlook, Forecast, Analysis, Trends, Industry, Segmentation, Value & Revenue
Market Forecast By Type (Lithium-ion Battery, Lead Acid Battery, Flow Battery, Others), By Connectivity (Off-Grid, On-Grid), By Application (Residential, Non-Residential, Utility, Others), By Ownership (Customer Owned, Third-Party Owned, Utility Owned), By Capacity (Small Scale (Less than 1 MW), Large Scale (Greater than 1 MW)) And Competitive Landscape
| Product Code: ETC5110165 | 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 Battery Energy Storage Market Top 5 Importing Countries and Market Competition (HHI) Analysis
Grenada`s battery energy storage import market in 2024 continued to be dominated by top exporting countries including the USA, Trinidad and Tobago, China, UK, and Canada. The high Herfindahl-Hirschman Index (HHI) indicates significant market concentration. The compound annual growth rate (CAGR) from 2020 to 2024 was a robust 12.02%, with a notable growth spurt of 20.64% from 2023 to 2024. This data suggests a strong and dynamic market for battery energy storage imports in Grenada, with key players driving growth and innovation in the sector.
Battery Energy Storage Market: Grenada vs Top 5 Major Economies in 2027 (North America)
Grenada's Battery Energy Storage market is anticipated to experience a stable growth rate of 2.78% by 2027, reflecting trends observed in the largest economy United States of America, followed by Canada, Trinidad and Tobago, Jamaica and Bahamas.
Key Highlights of the Report:
- Grenada Battery Energy Storage Market Outlook
- Market Size of Grenada Battery Energy Storage Market, 2024
- Forecast of Grenada Battery Energy Storage Market, 2031
- Historical Data and Forecast of Grenada Battery Energy Storage Revenues & Volume for the Period 2021-2031
- Grenada Battery Energy Storage Market Trend Evolution
- Grenada Battery Energy Storage Market Drivers and Challenges
- Grenada Battery Energy Storage Price Trends
- Grenada Battery Energy Storage Porter`s Five Forces
- Grenada Battery Energy Storage Industry Life Cycle
- Historical Data and Forecast of Grenada Battery Energy Storage Market Revenues & Volume By Type for the Period 2021-2031
- Historical Data and Forecast of Grenada Battery Energy Storage Market Revenues & Volume By Lithium-ion Battery for the Period 2021-2031
- Historical Data and Forecast of Grenada Battery Energy Storage Market Revenues & Volume By Lead Acid Battery for the Period 2021-2031
- Historical Data and Forecast of Grenada Battery Energy Storage Market Revenues & Volume By Flow Battery for the Period 2021-2031
- Historical Data and Forecast of Grenada Battery Energy Storage Market Revenues & Volume By Others for the Period 2021-2031
- Historical Data and Forecast of Grenada Battery Energy Storage Market Revenues & Volume By Connectivity for the Period 2021-2031
- Historical Data and Forecast of Grenada Battery Energy Storage Market Revenues & Volume By Off-Grid for the Period 2021-2031
- Historical Data and Forecast of Grenada Battery Energy Storage Market Revenues & Volume By On-Grid for the Period 2021-2031
- Historical Data and Forecast of Grenada Battery Energy Storage Market Revenues & Volume By Application for the Period 2021-2031
- Historical Data and Forecast of Grenada Battery Energy Storage Market Revenues & Volume By Residential for the Period 2021-2031
- Historical Data and Forecast of Grenada Battery Energy Storage Market Revenues & Volume By Non-Residential for the Period 2021-2031
- Historical Data and Forecast of Grenada Battery Energy Storage Market Revenues & Volume By Utility for the Period 2021-2031
- Historical Data and Forecast of Grenada Battery Energy Storage Market Revenues & Volume By Others for the Period 2021-2031
- Historical Data and Forecast of Grenada Battery Energy Storage Market Revenues & Volume By Ownership for the Period 2021-2031
- Historical Data and Forecast of Grenada Battery Energy Storage Market Revenues & Volume By Customer Owned for the Period 2021-2031
- Historical Data and Forecast of Grenada Battery Energy Storage Market Revenues & Volume By Third-Party Owned for the Period 2021-2031
- Historical Data and Forecast of Grenada Battery Energy Storage Market Revenues & Volume By Utility Owned for the Period 2021-2031
- Historical Data and Forecast of Grenada Battery Energy Storage Market Revenues & Volume By Capacity for the Period 2021-2031
- Historical Data and Forecast of Grenada Battery Energy Storage Market Revenues & Volume By Small Scale (Less than 1 MW) for the Period 2021-2031
- Historical Data and Forecast of Grenada Battery Energy Storage Market Revenues & Volume By Large Scale (Greater than 1 MW) for the Period 2021-2031
- Grenada Battery Energy Storage Import Export Trade Statistics
- Market Opportunity Assessment By Type
- Market Opportunity Assessment By Connectivity
- Market Opportunity Assessment By Application
- Market Opportunity Assessment By Ownership
- Market Opportunity Assessment By Capacity
- Grenada Battery Energy Storage Top Companies Market Share
- Grenada Battery Energy Storage Competitive Benchmarking By Technical and Operational Parameters
- Grenada Battery Energy Storage Company Profiles
- Grenada Battery Energy Storage Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the Grenada Battery Energy Storage Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Grenada Battery Energy Storage Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
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 Battery Energy Storage Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Battery Energy Storage Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Battery Energy Storage Market - Industry Life Cycle |
3.4 Grenada Battery Energy Storage Market - Porter's Five Forces |
3.5 Grenada Battery Energy Storage Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Battery Energy Storage Market Revenues & Volume Share, By Connectivity, 2021 & 2031F |
3.7 Grenada Battery Energy Storage Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Grenada Battery Energy Storage Market Revenues & Volume Share, By Ownership, 2021 & 2031F |
3.9 Grenada Battery Energy Storage Market Revenues & Volume Share, By Capacity, 2021 & 2031F |
4 Grenada Battery Energy Storage Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of renewable energy sources in Grenada |
4.2.2 Government initiatives and policies supporting energy storage development |
4.2.3 Growing demand for grid stability and reliability |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with battery energy storage systems |
4.3.2 Lack of skilled workforce for installation and maintenance |
4.3.3 Limited technological advancements in battery energy storage systems |
5 Grenada Battery Energy Storage Market Trends |
6 Grenada Battery Energy Storage Market Segmentations |
6.1 Grenada Battery Energy Storage Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Battery Energy Storage Market Revenues & Volume, By Lithium-ion Battery, 2021-2031F |
6.1.3 Grenada Battery Energy Storage Market Revenues & Volume, By Lead Acid Battery, 2021-2031F |
6.1.4 Grenada Battery Energy Storage Market Revenues & Volume, By Flow Battery, 2021-2031F |
6.1.5 Grenada Battery Energy Storage Market Revenues & Volume, By Others, 2021-2031F |
6.2 Grenada Battery Energy Storage Market, By Connectivity |
6.2.1 Overview and Analysis |
6.2.2 Grenada Battery Energy Storage Market Revenues & Volume, By Off-Grid, 2021-2031F |
6.2.3 Grenada Battery Energy Storage Market Revenues & Volume, By On-Grid, 2021-2031F |
6.3 Grenada Battery Energy Storage Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Grenada Battery Energy Storage Market Revenues & Volume, By Residential, 2021-2031F |
6.3.3 Grenada Battery Energy Storage Market Revenues & Volume, By Non-Residential, 2021-2031F |
6.3.4 Grenada Battery Energy Storage Market Revenues & Volume, By Utility, 2021-2031F |
6.3.5 Grenada Battery Energy Storage Market Revenues & Volume, By Others, 2021-2031F |
6.4 Grenada Battery Energy Storage Market, By Ownership |
6.4.1 Overview and Analysis |
6.4.2 Grenada Battery Energy Storage Market Revenues & Volume, By Customer Owned, 2021-2031F |
6.4.3 Grenada Battery Energy Storage Market Revenues & Volume, By Third-Party Owned, 2021-2031F |
6.4.4 Grenada Battery Energy Storage Market Revenues & Volume, By Utility Owned, 2021-2031F |
6.5 Grenada Battery Energy Storage Market, By Capacity |
6.5.1 Overview and Analysis |
6.5.2 Grenada Battery Energy Storage Market Revenues & Volume, By Small Scale (Less than 1 MW), 2021-2031F |
6.5.3 Grenada Battery Energy Storage Market Revenues & Volume, By Large Scale (Greater than 1 MW), 2021-2031F |
7 Grenada Battery Energy Storage Market Import-Export Trade Statistics |
7.1 Grenada Battery Energy Storage Market Export to Major Countries |
7.2 Grenada Battery Energy Storage Market Imports from Major Countries |
8 Grenada Battery Energy Storage Market Key Performance Indicators |
8.1 Battery energy storage capacity installed in Grenada |
8.2 Number of renewable energy projects integrated with battery storage |
8.3 Percentage of grid downtime reduced due to battery energy storage integration |
9 Grenada Battery Energy Storage Market - Opportunity Assessment |
9.1 Grenada Battery Energy Storage Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Battery Energy Storage Market Opportunity Assessment, By Connectivity, 2021 & 2031F |
9.3 Grenada Battery Energy Storage Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Grenada Battery Energy Storage Market Opportunity Assessment, By Ownership, 2021 & 2031F |
9.5 Grenada Battery Energy Storage Market Opportunity Assessment, By Capacity, 2021 & 2031F |
10 Grenada Battery Energy Storage Market - Competitive Landscape |
10.1 Grenada Battery Energy Storage Market Revenue Share, By Companies, 2024 |
10.2 Grenada Battery Energy Storage Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential assessment - trade Analytics for 2030
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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