| Product Code: ETC7374107 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The import shipments of magnetic proximity sensors to Grenada in 2024 continued to be dominated by key exporting countries such as the USA, Canada, Barbados, China, and the Netherlands. Despite a high concentration of imports, the industry experienced a significant decline with a negative Compound Annual Growth Rate (CAGR) of -20.48% from 2020 to 2024. Additionally, the growth rate from 2023 to 2024 further decreased by -14.6%, indicating challenges in the market that may require strategic interventions for sustainable recovery.
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 Magnetic Proximity Sensor Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Magnetic Proximity Sensor Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Magnetic Proximity Sensor Market - Industry Life Cycle |
3.4 Grenada Magnetic Proximity Sensor Market - Porter's Five Forces |
3.5 Grenada Magnetic Proximity Sensor Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Magnetic Proximity Sensor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for automation and robotics in various industries |
4.2.2 Technological advancements leading to improved sensor performance |
4.2.3 Growing focus on industrial safety and efficiency |
4.3 Market Restraints |
4.3.1 High initial investment required for implementing magnetic proximity sensors |
4.3.2 Competition from alternative sensor technologies |
4.3.3 Concerns regarding reliability and accuracy of magnetic proximity sensors |
5 Grenada Magnetic Proximity Sensor Market Trends |
6 Grenada Magnetic Proximity Sensor Market, By Types |
6.1 Grenada Magnetic Proximity Sensor Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Grenada Magnetic Proximity Sensor Market Revenues & Volume, By Application, 2021- 2031F |
6.1.3 Grenada Magnetic Proximity Sensor Market Revenues & Volume, By Aerospace and Defense, 2021- 2031F |
6.1.4 Grenada Magnetic Proximity Sensor Market Revenues & Volume, By Automotive, 2021- 2031F |
6.1.5 Grenada Magnetic Proximity Sensor Market Revenues & Volume, By Consumer Electronics, 2021- 2031F |
6.1.6 Grenada Magnetic Proximity Sensor Market Revenues & Volume, By Building Automation, 2021- 2031F |
6.1.7 Grenada Magnetic Proximity Sensor Market Revenues & Volume, By Other Applications, 2021- 2031F |
7 Grenada Magnetic Proximity Sensor Market Import-Export Trade Statistics |
7.1 Grenada Magnetic Proximity Sensor Market Export to Major Countries |
7.2 Grenada Magnetic Proximity Sensor Market Imports from Major Countries |
8 Grenada Magnetic Proximity Sensor Market Key Performance Indicators |
8.1 Average response time of magnetic proximity sensors |
8.2 Percentage of sensor failures reported by customers |
8.3 Rate of adoption of magnetic proximity sensors in new industries |
9 Grenada Magnetic Proximity Sensor Market - Opportunity Assessment |
9.1 Grenada Magnetic Proximity Sensor Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Magnetic Proximity Sensor Market - Competitive Landscape |
10.1 Grenada Magnetic Proximity Sensor Market Revenue Share, By Companies, 2024 |
10.2 Grenada Magnetic Proximity Sensor 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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