| Product Code: ETC7373954 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Grenada continued to see strong imports of low-voltage electric motors, with top suppliers including the USA, Puerto Rico, Canada, UK, and UAE. The high Herfindahl-Hirschman Index (HHI) indicates significant market concentration. Despite a notable CAGR of 37.85% from 2020 to 2024, there was a concerning decline in growth rate from 2023 to 2024 at -39.1%. This suggests potential shifts in market dynamics or external factors impacting the import landscape for low-voltage electric motors 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 Low-Voltage Electric Motors Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Low-Voltage Electric Motors Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Low-Voltage Electric Motors Market - Industry Life Cycle |
3.4 Grenada Low-Voltage Electric Motors Market - Porter's Five Forces |
3.5 Grenada Low-Voltage Electric Motors Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Grenada Low-Voltage Electric Motors Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing industrial automation and adoption of electric motors for various applications in Grenada |
4.2.2 Growing demand for energy-efficient low-voltage electric motors to reduce electricity consumption |
4.2.3 Government initiatives promoting the use of sustainable and eco-friendly technologies in Grenada |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with the installation of low-voltage electric motors |
4.3.2 Limited technical expertise and skilled labor for the maintenance and repair of electric motors in Grenada |
4.3.3 Fluctuating raw material prices impacting the manufacturing cost of low-voltage electric motors |
5 Grenada Low-Voltage Electric Motors Market Trends |
6 Grenada Low-Voltage Electric Motors Market, By Types |
6.1 Grenada Low-Voltage Electric Motors Market, By End User |
6.1.1 Overview and Analysis |
6.1.2 Grenada Low-Voltage Electric Motors Market Revenues & Volume, By End User, 2021- 2031F |
6.1.3 Grenada Low-Voltage Electric Motors Market Revenues & Volume, By Oil and Gas, 2021- 2031F |
6.1.4 Grenada Low-Voltage Electric Motors Market Revenues & Volume, By Chemicals and Petrochemicals, 2021- 2031F |
6.1.5 Grenada Low-Voltage Electric Motors Market Revenues & Volume, By Power Generation, 2021- 2031F |
6.1.6 Grenada Low-Voltage Electric Motors Market Revenues & Volume, By Metal & Mining, 2021- 2031F |
6.1.7 Grenada Low-Voltage Electric Motors Market Revenues & Volume, By Water and Wastewater, 2021- 2031F |
6.1.8 Grenada Low-Voltage Electric Motors Market Revenues & Volume, By Food and Beverages, 2021- 2031F |
6.1.9 Grenada Low-Voltage Electric Motors Market Revenues & Volume, By Other Discrete Industries, 2021- 2031F |
6.1.10 Grenada Low-Voltage Electric Motors Market Revenues & Volume, By Other Discrete Industries, 2021- 2031F |
7 Grenada Low-Voltage Electric Motors Market Import-Export Trade Statistics |
7.1 Grenada Low-Voltage Electric Motors Market Export to Major Countries |
7.2 Grenada Low-Voltage Electric Motors Market Imports from Major Countries |
8 Grenada Low-Voltage Electric Motors Market Key Performance Indicators |
8.1 Energy efficiency ratings of low-voltage electric motors in Grenada |
8.2 Adoption rate of low-voltage electric motors in different industrial sectors |
8.3 Number of government policies and incentives supporting the low-voltage electric motors market in Grenada |
9 Grenada Low-Voltage Electric Motors Market - Opportunity Assessment |
9.1 Grenada Low-Voltage Electric Motors Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Grenada Low-Voltage Electric Motors Market - Competitive Landscape |
10.1 Grenada Low-Voltage Electric Motors Market Revenue Share, By Companies, 2024 |
10.2 Grenada Low-Voltage Electric Motors 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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