Grenada Electricity Meters Market (2025-2031) | Analysis, Revenue, Trends, Share, Outlook, Growth, Industry, Value, Segmentation, Forecast, Companies & Size

Name: Grenada Electricity Meters Market (2025-2031) | Size & Analysis
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: Electricity Meters Market, Grenada Electricity Meters Market, Grenada Electricity Meters Market Revenues, Grenada Electricity Meters Market Share, Grenada Electricity Meters Market Size, Grenada Electricity Meters Market Outlook, Grenada Electricity Meters Market Report, Grenada Electricity Meters Market Competition, Grenada Electricity Meters Market Overview, Grenada Electricity Meters Market Trends, Grenada Electricity Meters Market Forecast

Market Forecast By Type (Single Phase, Three Phase, Analog, Smart), By Application (Residential, Commercial, Industrial, Others) And Competitive Landscape

Product Code: ETC5407553	Publication Date: Nov 2023	Updated Date: Oct 2025	Product Type: Market Research Report
Publisher: 6Wresearch	Author: Ravi Bhandari	No. of Pages: 60	No. of Figures: 30	No. of Tables: 5

Grenada Electricity Meters Market Top 5 Importing Countries and Market Competition (HHI) Analysis

In 2024, Grenada continued to heavily rely on electricity meter imports, with top exporters being the USA, Costa Rica, UK, Trinidad and Tobago, and China. Despite a negative CAGR from 2020 to 2024, the industry experienced an impressive growth rate of 264.46% from 2023 to 2024. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, potentially leading to competitive challenges. Grenada`s electricity meter import market remains dynamic and is likely influenced by various factors such as technological advancements and shifting global trade dynamics.

Electricity Meters Market: Grenada vs Top 5 Major Economies in 2027 (North America)

By 2027, the Electricity Meters market in Grenada is anticipated to reach a growth rate of -2.00%, as part of an increasingly competitive North America region, where United States of America remains at the forefront, supported by Canada, Trinidad and Tobago, Jamaica and Bahamas, driving innovations and market adoption across sectors.

Electricity Meters Market: Grenada vs Top 5 Major Economies in 2027 (North America)

Key Highlights of the Report:

Grenada Electricity Meters Market Outlook
Market Size of Grenada Electricity Meters Market, 2024
Forecast of Grenada Electricity Meters Market, 2031
Historical Data and Forecast of Grenada Electricity Meters Revenues & Volume for the Period 2021-2031
Grenada Electricity Meters Market Trend Evolution
Grenada Electricity Meters Market Drivers and Challenges
Grenada Electricity Meters Price Trends
Grenada Electricity Meters Porter`s Five Forces
Grenada Electricity Meters Industry Life Cycle
Historical Data and Forecast of Grenada Electricity Meters Market Revenues & Volume By Type for the Period 2021-2031
Historical Data and Forecast of Grenada Electricity Meters Market Revenues & Volume By Single Phase for the Period 2021-2031
Historical Data and Forecast of Grenada Electricity Meters Market Revenues & Volume By Three Phase for the Period 2021-2031
Historical Data and Forecast of Grenada Electricity Meters Market Revenues & Volume By Analog for the Period 2021-2031
Historical Data and Forecast of Grenada Electricity Meters Market Revenues & Volume By Smart for the Period 2021-2031
Historical Data and Forecast of Grenada Electricity Meters Market Revenues & Volume By Application for the Period 2021-2031
Historical Data and Forecast of Grenada Electricity Meters Market Revenues & Volume By Residential for the Period 2021-2031
Historical Data and Forecast of Grenada Electricity Meters Market Revenues & Volume By Commercial for the Period 2021-2031
Historical Data and Forecast of Grenada Electricity Meters Market Revenues & Volume By Industrial for the Period 2021-2031
Historical Data and Forecast of Grenada Electricity Meters Market Revenues & Volume By Others for the Period 2021-2031
Grenada Electricity Meters Import Export Trade Statistics
Market Opportunity Assessment By Type
Market Opportunity Assessment By Application
Grenada Electricity Meters Top Companies Market Share
Grenada Electricity Meters Competitive Benchmarking By Technical and Operational Parameters
Grenada Electricity Meters Company Profiles
Grenada Electricity Meters Key Strategic Recommendations

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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 Electricity Meters Market Overview

3.1 Grenada Country Macro Economic Indicators

3.2 Grenada Electricity Meters Market Revenues & Volume, 2021 & 2031F

3.3 Grenada Electricity Meters Market - Industry Life Cycle

3.4 Grenada Electricity Meters Market - Porter's Five Forces

3.5 Grenada Electricity Meters Market Revenues & Volume Share, By Type, 2021 & 2031F

3.6 Grenada Electricity Meters Market Revenues & Volume Share, By Application, 2021 & 2031F

4 Grenada Electricity Meters Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing focus on energy efficiency and conservation initiatives in Grenada

4.2.2 Government regulations mandating the use of smart meters in the electricity sector

4.2.3 Growing adoption of renewable energy sources leading to increased demand for electricity meters

4.3 Market Restraints

4.3.1 High initial investment cost for implementing smart metering systems

4.3.2 Lack of skilled workforce to install and maintain advanced electricity meters

4.3.3 Limited awareness and education about the benefits of smart meters among consumers

5 Grenada Electricity Meters Market Trends

6 Grenada Electricity Meters Market Segmentations

6.1 Grenada Electricity Meters Market, By Type

6.1.1 Overview and Analysis

6.1.2 Grenada Electricity Meters Market Revenues & Volume, By Single Phase, 2021-2031F

6.1.3 Grenada Electricity Meters Market Revenues & Volume, By Three Phase, 2021-2031F

6.1.4 Grenada Electricity Meters Market Revenues & Volume, By Analog, 2021-2031F

6.1.5 Grenada Electricity Meters Market Revenues & Volume, By Smart, 2021-2031F

6.2 Grenada Electricity Meters Market, By Application

6.2.1 Overview and Analysis

6.2.2 Grenada Electricity Meters Market Revenues & Volume, By Residential, 2021-2031F

6.2.3 Grenada Electricity Meters Market Revenues & Volume, By Commercial, 2021-2031F

6.2.4 Grenada Electricity Meters Market Revenues & Volume, By Industrial, 2021-2031F

6.2.5 Grenada Electricity Meters Market Revenues & Volume, By Others, 2021-2031F

7 Grenada Electricity Meters Market Import-Export Trade Statistics

7.1 Grenada Electricity Meters Market Export to Major Countries

7.2 Grenada Electricity Meters Market Imports from Major Countries

8 Grenada Electricity Meters Market Key Performance Indicators

8.1 Percentage increase in the number of smart meters installed annually

8.2 Average time taken for installation and activation of electricity meters

8.3 Rate of return on investment for electricity metering projects

8.4 Percentage reduction in energy consumption attributed to the use of smart meters

8.5 Customer satisfaction scores related to the functionality and reliability of electricity meters

9 Grenada Electricity Meters Market - Opportunity Assessment

9.1 Grenada Electricity Meters Market Opportunity Assessment, By Type, 2021 & 2031F

9.2 Grenada Electricity Meters Market Opportunity Assessment, By Application, 2021 & 2031F

10 Grenada Electricity Meters Market - Competitive Landscape

10.1 Grenada Electricity Meters Market Revenue Share, By Companies, 2024

10.2 Grenada Electricity Meters Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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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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