| Product Code: ETC7372814 | 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 imports of internal gear pumps, with the USA, Netherlands, Trinidad and Tobago, Puerto Rico, and the UK being the top exporting countries. Despite a high Herfindahl-Hirschman Index indicating market concentration, the industry experienced exponential growth with a staggering CAGR of 78.53% from 2020 to 2024. However, the growth rate took a slight dip in 2024, showing a decrease of -47.23% compared to the previous year. This data suggests a dynamic market landscape for internal gear pump 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 Internal Gear Pump Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Internal Gear Pump Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Internal Gear Pump Market - Industry Life Cycle |
3.4 Grenada Internal Gear Pump Market - Porter's Five Forces |
3.5 Grenada Internal Gear Pump Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Grenada Internal Gear Pump Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Internal Gear Pump Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for efficient fluid transfer equipment in industrial applications |
4.2.2 Growing adoption of internal gear pumps in the automotive sector for lubrication and hydraulic systems |
4.2.3 Technological advancements leading to improved performance and reliability of Grenada internal gear pumps |
4.3 Market Restraints |
4.3.1 High initial investment cost associated with Grenada internal gear pumps |
4.3.2 Intense competition from other types of pumps such as external gear pumps and vane pumps |
4.3.3 Impact of economic fluctuations on the purchasing power of potential customers |
5 Grenada Internal Gear Pump Market Trends |
6 Grenada Internal Gear Pump Market, By Types |
6.1 Grenada Internal Gear Pump Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Internal Gear Pump Market Revenues & Volume, By Product Type, 2021- 2031F |
6.1.3 Grenada Internal Gear Pump Market Revenues & Volume, By Steel Pumps, 2021- 2031F |
6.1.4 Grenada Internal Gear Pump Market Revenues & Volume, By Cast Iron Pumps, 2021- 2031F |
6.2 Grenada Internal Gear Pump Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Internal Gear Pump Market Revenues & Volume, By Chemical, 2021- 2031F |
6.2.3 Grenada Internal Gear Pump Market Revenues & Volume, By Oil & Gas, 2021- 2031F |
6.2.4 Grenada Internal Gear Pump Market Revenues & Volume, By Food & Beverage, 2021- 2031F |
7 Grenada Internal Gear Pump Market Import-Export Trade Statistics |
7.1 Grenada Internal Gear Pump Market Export to Major Countries |
7.2 Grenada Internal Gear Pump Market Imports from Major Countries |
8 Grenada Internal Gear Pump Market Key Performance Indicators |
8.1 Number of new patents filed for Grenada internal gear pump technologies |
8.2 Rate of adoption of Grenada internal gear pumps in key industries |
8.3 Percentage increase in energy efficiency of Grenada internal gear pumps |
8.4 Average time taken for product development and launch |
8.5 Customer satisfaction score related to product quality and performance |
9 Grenada Internal Gear Pump Market - Opportunity Assessment |
9.1 Grenada Internal Gear Pump Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Grenada Internal Gear Pump Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Internal Gear Pump Market - Competitive Landscape |
10.1 Grenada Internal Gear Pump Market Revenue Share, By Companies, 2024 |
10.2 Grenada Internal Gear 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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