| Product Code: ETC5674997 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 | |
In 2024, Grenada continued to rely on imports of electrical substations, with top exporters including Romania, USA, Puerto Rico, Trinidad and Tobago, and the UK. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), remained very high in 2024. Despite a strong compound annual growth rate (CAGR) of 16.72% from 2020 to 2024, there was a notable decline in the growth rate from 2023 to 2024, dropping by -13.28%. This data suggests a dynamic and potentially challenging market environment for electrical substation imports in Grenada.
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 Electrical Substations Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Electrical Substations Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Electrical Substations Market - Industry Life Cycle |
3.4 Grenada Electrical Substations Market - Porter's Five Forces |
3.5 Grenada Electrical Substations Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Electrical Substations Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Electrical Substations Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for reliable electricity supply in Grenada |
4.2.2 Government initiatives to modernize and upgrade electrical infrastructure |
4.2.3 Growth in renewable energy projects requiring new electrical substations |
4.3 Market Restraints |
4.3.1 Limited budget allocation for infrastructure development |
4.3.2 Challenges in obtaining necessary regulatory approvals for new substations |
4.3.3 Availability of skilled labor for construction and maintenance of substations |
5 Grenada Electrical Substations Market Trends |
6 Grenada Electrical Substations Market Segmentations |
6.1 Grenada Electrical Substations Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Electrical Substations Market Revenues & Volume, By AIS Substation, 2021-2031F |
6.1.3 Grenada Electrical Substations Market Revenues & Volume, By GIS Substation, 2021-2031F |
6.1.4 Grenada Electrical Substations Market Revenues & Volume, By Others, 2021-2031F |
6.2 Grenada Electrical Substations Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Electrical Substations Market Revenues & Volume, By Power Transmission and Distribution, 2021-2031F |
6.2.3 Grenada Electrical Substations Market Revenues & Volume, By Manufacturing and Processing, 2021-2031F |
6.2.4 Grenada Electrical Substations Market Revenues & Volume, By Others, 2021-2031F |
7 Grenada Electrical Substations Market Import-Export Trade Statistics |
7.1 Grenada Electrical Substations Market Export to Major Countries |
7.2 Grenada Electrical Substations Market Imports from Major Countries |
8 Grenada Electrical Substations Market Key Performance Indicators |
8.1 Average age of existing electrical substations in Grenada |
8.2 Percentage of renewable energy sources integrated into the grid |
8.3 Distance of substations from major load centers |
8.4 Average downtime of electrical substations due to maintenance issues |
9 Grenada Electrical Substations Market - Opportunity Assessment |
9.1 Grenada Electrical Substations Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Electrical Substations Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Electrical Substations Market - Competitive Landscape |
10.1 Grenada Electrical Substations Market Revenue Share, By Companies, 2024 |
10.2 Grenada Electrical Substations Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |