| Product Code: ETC7369364 | 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 electric submersible pump import market saw a notable shift in 2024, with top exporters being USA, UK, Trinidad and Tobago, Italy, and Mexico. The market concentration, measured by HHI, increased significantly from 2023 to 2024, indicating a more consolidated market landscape. However, the overall market experienced a negative compound annual growth rate of -8.03% from 2020 to 2024, with a steep decline of -46.84% in growth rate from 2023 to 2024. This suggests a challenging environment for electric submersible pump imports in Grenada, potentially influenced by various economic factors impacting the 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 Electric Submersible Pump Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Electric Submersible Pump Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Electric Submersible Pump Market - Industry Life Cycle |
3.4 Grenada Electric Submersible Pump Market - Porter's Five Forces |
3.5 Grenada Electric Submersible Pump Market Revenues & Volume Share, By Location of Deployment, 2021 & 2031F |
4 Grenada Electric Submersible Pump Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for efficient water management solutions in agricultural and industrial sectors |
4.2.2 Growing investments in infrastructure development projects in Grenada |
4.3 Market Restraints |
4.3.1 High initial investment cost of electric submersible pumps |
4.3.2 Limited awareness and adoption of electric submersible pumps in Grenada |
5 Grenada Electric Submersible Pump Market Trends |
6 Grenada Electric Submersible Pump Market, By Types |
6.1 Grenada Electric Submersible Pump Market, By Location of Deployment |
6.1.1 Overview and Analysis |
6.1.2 Grenada Electric Submersible Pump Market Revenues & Volume, By Location of Deployment, 2021- 2031F |
6.1.3 Grenada Electric Submersible Pump Market Revenues & Volume, By Onshore, 2021- 2031F |
6.1.4 Grenada Electric Submersible Pump Market Revenues & Volume, By Offshore, 2021- 2031F |
7 Grenada Electric Submersible Pump Market Import-Export Trade Statistics |
7.1 Grenada Electric Submersible Pump Market Export to Major Countries |
7.2 Grenada Electric Submersible Pump Market Imports from Major Countries |
8 Grenada Electric Submersible Pump Market Key Performance Indicators |
8.1 Energy efficiency ratings of electric submersible pumps |
8.2 Number of infrastructure projects utilizing electric submersible pumps |
8.3 Percentage increase in agricultural and industrial water consumption in Grenada |
9 Grenada Electric Submersible Pump Market - Opportunity Assessment |
9.1 Grenada Electric Submersible Pump Market Opportunity Assessment, By Location of Deployment, 2021 & 2031F |
10 Grenada Electric Submersible Pump Market - Competitive Landscape |
10.1 Grenada Electric Submersible Pump Market Revenue Share, By Companies, 2024 |
10.2 Grenada Electric Submersible Pump 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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