| Product Code: ETC7369561 | 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 |
In 2024, Grenada continued to rely on key exporters such as the USA, UK, Trinidad and Tobago, China, and Germany for emergency shutdown systems imports. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, with a compound annual growth rate (CAGR) of 14.59% from 2020 to 2024. However, the negative growth rate of -40.63% in 2024 compared to the previous year may suggest a temporary setback in the market. Monitoring these trends closely will be crucial for stakeholders in the emergency shutdown systems 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 Emergency Shutdown Systems Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Emergency Shutdown Systems Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Emergency Shutdown Systems Market - Industry Life Cycle |
3.4 Grenada Emergency Shutdown Systems Market - Porter's Five Forces |
3.5 Grenada Emergency Shutdown Systems Market Revenues & Volume Share, By Control Methods, 2021 & 2031F |
3.6 Grenada Emergency Shutdown Systems Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.7 Grenada Emergency Shutdown Systems Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Emergency Shutdown Systems Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Stringent safety regulations in Grenada requiring the implementation of emergency shutdown systems |
4.2.2 Increasing awareness among industries about the importance of emergency shutdown systems in preventing accidents |
4.2.3 Growing investments in critical infrastructure projects in Grenada |
4.3 Market Restraints |
4.3.1 High initial implementation costs of emergency shutdown systems |
4.3.2 Limited technical expertise and skilled labor for the installation and maintenance of these systems in Grenada |
5 Grenada Emergency Shutdown Systems Market Trends |
6 Grenada Emergency Shutdown Systems Market, By Types |
6.1 Grenada Emergency Shutdown Systems Market, By Control Methods |
6.1.1 Overview and Analysis |
6.1.2 Grenada Emergency Shutdown Systems Market Revenues & Volume, By Control Methods, 2021- 2031F |
6.1.3 Grenada Emergency Shutdown Systems Market Revenues & Volume, By Pneumatic, 2021- 2031F |
6.1.4 Grenada Emergency Shutdown Systems Market Revenues & Volume, By Electrical/Hardwired, 2021- 2031F |
6.1.5 Grenada Emergency Shutdown Systems Market Revenues & Volume, By Fiber optic, 2021- 2031F |
6.1.6 Grenada Emergency Shutdown Systems Market Revenues & Volume, By Radio Telemetry, 2021- 2031F |
6.2 Grenada Emergency Shutdown Systems Market, By Component |
6.2.1 Overview and Analysis |
6.2.2 Grenada Emergency Shutdown Systems Market Revenues & Volume, By Safety Switches, 2021- 2031F |
6.2.3 Grenada Emergency Shutdown Systems Market Revenues & Volume, By Emergency Stop Devices, 2021- 2031F |
6.2.4 Grenada Emergency Shutdown Systems Market Revenues & Volume, By Safety Controllers/Modules/Relays, 2021- 2031F |
6.2.5 Grenada Emergency Shutdown Systems Market Revenues & Volume, By Safety Sensors, 2021- 2031F |
6.2.6 Grenada Emergency Shutdown Systems Market Revenues & Volume, By Logic Solvers/Programmable Safety Systems, 2021- 2031F |
6.2.7 Grenada Emergency Shutdown Systems Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Grenada Emergency Shutdown Systems Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Grenada Emergency Shutdown Systems Market Revenues & Volume, By Power Generation, 2021- 2031F |
6.3.3 Grenada Emergency Shutdown Systems Market Revenues & Volume, By Oil and Gas, 2021- 2031F |
6.3.4 Grenada Emergency Shutdown Systems Market Revenues & Volume, By Refining, 2021- 2031F |
6.3.5 Grenada Emergency Shutdown Systems Market Revenues & Volume, By Chemical, 2021- 2031F |
6.3.6 Grenada Emergency Shutdown Systems Market Revenues & Volume, By Metal and Mining, 2021- 2031F |
6.3.7 Grenada Emergency Shutdown Systems Market Revenues & Volume, By Paper and Pulp, 2021- 2031F |
7 Grenada Emergency Shutdown Systems Market Import-Export Trade Statistics |
7.1 Grenada Emergency Shutdown Systems Market Export to Major Countries |
7.2 Grenada Emergency Shutdown Systems Market Imports from Major Countries |
8 Grenada Emergency Shutdown Systems Market Key Performance Indicators |
8.1 Number of industrial accidents prevented or mitigated by emergency shutdown systems |
8.2 Percentage increase in the adoption rate of emergency shutdown systems in key industries in Grenada |
8.3 Average response time of emergency shutdown systems during simulated emergency scenarios |
8.4 Rate of compliance with safety regulations related to the installation and maintenance of emergency shutdown systems |
9 Grenada Emergency Shutdown Systems Market - Opportunity Assessment |
9.1 Grenada Emergency Shutdown Systems Market Opportunity Assessment, By Control Methods, 2021 & 2031F |
9.2 Grenada Emergency Shutdown Systems Market Opportunity Assessment, By Component, 2021 & 2031F |
9.3 Grenada Emergency Shutdown Systems Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Emergency Shutdown Systems Market - Competitive Landscape |
10.1 Grenada Emergency Shutdown Systems Market Revenue Share, By Companies, 2024 |
10.2 Grenada Emergency Shutdown Systems 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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