| Product Code: ETC7366863 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The import shipments of circuit protection components to Grenada in 2024 continued to see a high level of concentration with the top exporting countries being the UK, USA, Trinidad and Tobago, Hong Kong, and China. The market experienced a healthy compound annual growth rate (CAGR) of 4.69% from 2020 to 2024, indicating sustained growth in demand. Particularly noteworthy is the impressive growth rate of 39.7% from 2023 to 2024, reflecting a significant uptick in market activity. This data suggests a positive outlook for the circuit protection components market in Grenada, with strong contributions from key exporting countries.
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 Circuit Protection Components Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Circuit Protection Components Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Circuit Protection Components Market - Industry Life Cycle |
3.4 Grenada Circuit Protection Components Market - Porter's Five Forces |
3.5 Grenada Circuit Protection Components Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Circuit Protection Components Market Revenues & Volume Share, By End-User Industry, 2021 & 2031F |
4 Grenada Circuit Protection Components Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for electronic devices and appliances in Grenada |
4.2.2 Growth in infrastructure development projects driving the need for circuit protection components |
4.2.3 Rising awareness about the importance of electrical safety and surge protection |
4.3 Market Restraints |
4.3.1 Limited availability of skilled labor for installation and maintenance of circuit protection components |
4.3.2 Fluctuating raw material prices impacting manufacturing costs |
4.3.3 Regulatory challenges and compliance requirements affecting market entry and operations |
5 Grenada Circuit Protection Components Market Trends |
6 Grenada Circuit Protection Components Market, By Types |
6.1 Grenada Circuit Protection Components Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Circuit Protection Components Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Grenada Circuit Protection Components Market Revenues & Volume, By overcurrent Protection, 2021- 2031F |
6.1.4 Grenada Circuit Protection Components Market Revenues & Volume, By Overvoltage Protection, 2021- 2031F |
6.2 Grenada Circuit Protection Components Market, By End-User Industry |
6.2.1 Overview and Analysis |
6.2.2 Grenada Circuit Protection Components Market Revenues & Volume, By electronics and Electrical Equipment, 2021- 2031F |
6.2.3 Grenada Circuit Protection Components Market Revenues & Volume, By Automotive and Transportation, 2021- 2031F |
6.2.4 Grenada Circuit Protection Components Market Revenues & Volume, By Industrial, 2021- 2031F |
6.2.5 Grenada Circuit Protection Components Market Revenues & Volume, By Energy and Power, 2021- 2031F |
7 Grenada Circuit Protection Components Market Import-Export Trade Statistics |
7.1 Grenada Circuit Protection Components Market Export to Major Countries |
7.2 Grenada Circuit Protection Components Market Imports from Major Countries |
8 Grenada Circuit Protection Components Market Key Performance Indicators |
8.1 Number of new construction projects in Grenada incorporating circuit protection components |
8.2 Percentage increase in the adoption of advanced surge protection technologies |
8.3 Rate of technological advancements in circuit protection components in the market |
9 Grenada Circuit Protection Components Market - Opportunity Assessment |
9.1 Grenada Circuit Protection Components Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Circuit Protection Components Market Opportunity Assessment, By End-User Industry, 2021 & 2031F |
10 Grenada Circuit Protection Components Market - Competitive Landscape |
10.1 Grenada Circuit Protection Components Market Revenue Share, By Companies, 2024 |
10.2 Grenada Circuit Protection Components 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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