| Product Code: ETC7369062 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Grenada`s import shipments of dual-axis solar trackers saw a significant increase in concentration among top exporting countries in 2024, with the USA, China, Puerto Rico, UK, and Trinidad and Tobago leading the pack. Despite a notable decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) over the 2020-2024 period remained strong at 10.77%. This data suggests a competitive market landscape with key players dominating the export market to Grenada, indicating potential opportunities and challenges for stakeholders in the dual-axis solar tracker industry.
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 Dual-axis Solar Tracker Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Dual-axis Solar Tracker Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Dual-axis Solar Tracker Market - Industry Life Cycle |
3.4 Grenada Dual-axis Solar Tracker Market - Porter's Five Forces |
3.5 Grenada Dual-axis Solar Tracker Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Dual-axis Solar Tracker Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Dual-axis Solar Tracker Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for renewable energy sources in Grenada |
4.2.2 Government incentives and policies supporting solar energy adoption |
4.2.3 Technological advancements in dual-axis solar tracker systems |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with dual-axis solar tracker systems |
4.3.2 Lack of awareness and understanding among consumers about the benefits of dual-axis solar trackers |
5 Grenada Dual-axis Solar Tracker Market Trends |
6 Grenada Dual-axis Solar Tracker Market, By Types |
6.1 Grenada Dual-axis Solar Tracker Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Dual-axis Solar Tracker Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Grenada Dual-axis Solar Tracker Market Revenues & Volume, By Single Axis, 2021- 2031F |
6.1.4 Grenada Dual-axis Solar Tracker Market Revenues & Volume, By Dual Axis, 2021- 2031F |
6.2 Grenada Dual-axis Solar Tracker Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Dual-axis Solar Tracker Market Revenues & Volume, By Utility, 2021- 2031F |
6.2.3 Grenada Dual-axis Solar Tracker Market Revenues & Volume, By Non-Utility, 2021- 2031F |
7 Grenada Dual-axis Solar Tracker Market Import-Export Trade Statistics |
7.1 Grenada Dual-axis Solar Tracker Market Export to Major Countries |
7.2 Grenada Dual-axis Solar Tracker Market Imports from Major Countries |
8 Grenada Dual-axis Solar Tracker Market Key Performance Indicators |
8.1 Average daily energy output per dual-axis solar tracker system |
8.2 Percentage increase in installations of dual-axis solar tracker systems year over year |
8.3 Levelized Cost of Electricity (LCOE) for dual-axis solar tracker systems |
8.4 Capacity utilization rate of dual-axis solar tracker systems in Grenada |
8.5 Number of research and development projects focused on improving dual-axis solar tracker technology |
9 Grenada Dual-axis Solar Tracker Market - Opportunity Assessment |
9.1 Grenada Dual-axis Solar Tracker Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Dual-axis Solar Tracker Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Dual-axis Solar Tracker Market - Competitive Landscape |
10.1 Grenada Dual-axis Solar Tracker Market Revenue Share, By Companies, 2024 |
10.2 Grenada Dual-axis Solar Tracker 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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