| Product Code: ETC5782993 | 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 |
In 2024, Grenada continued to rely on key suppliers such as the USA, Hong Kong, UK, China, and Spain for shunt reactor imports, indicating a stable supply chain. Despite a high Herfindahl-Hirschman Index (HHI) reflecting market concentration, the industry experienced a negative compound annual growth rate (CAGR) of -8.31% from 2020 to 2024. However, there was a positive growth rate of 7.06% from 2023 to 2024, suggesting potential market recovery and future opportunities for the shunt reactor import sector 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 Shunt Reactor Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Shunt Reactor Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Shunt Reactor Market - Industry Life Cycle |
3.4 Grenada Shunt Reactor Market - Porter's Five Forces |
3.5 Grenada Shunt Reactor Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Shunt Reactor Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Grenada Shunt Reactor Market Revenues & Volume Share, By End-User, 2021 & 2031F |
4 Grenada Shunt Reactor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for electricity and expanding power infrastructure in Grenada |
4.2.2 Government initiatives to improve power quality and grid stability |
4.2.3 Increasing focus on renewable energy integration, leading to the need for shunt reactors |
4.3 Market Restraints |
4.3.1 High initial investment cost for installing shunt reactors |
4.3.2 Lack of skilled workforce for installation and maintenance of shunt reactors |
4.3.3 Regulatory challenges and environmental concerns related to shunt reactor installation |
5 Grenada Shunt Reactor Market Trends |
6 Grenada Shunt Reactor Market Segmentations |
6.1 Grenada Shunt Reactor Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Shunt Reactor Market Revenues & Volume, By Oil-Immersed , 2021-2031F |
6.1.3 Grenada Shunt Reactor Market Revenues & Volume, By Air-Core, 2021-2031F |
6.2 Grenada Shunt Reactor Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Shunt Reactor Market Revenues & Volume, By Variable Reactors , 2021-2031F |
6.2.3 Grenada Shunt Reactor Market Revenues & Volume, By Fixed Reactors, 2021-2031F |
6.3 Grenada Shunt Reactor Market, By End-User |
6.3.1 Overview and Analysis |
6.3.2 Grenada Shunt Reactor Market Revenues & Volume, By Electrical Utilities , 2021-2031F |
6.3.3 Grenada Shunt Reactor Market Revenues & Volume, By IndustrialVerticals, 2021-2031F |
7 Grenada Shunt Reactor Market Import-Export Trade Statistics |
7.1 Grenada Shunt Reactor Market Export to Major Countries |
7.2 Grenada Shunt Reactor Market Imports from Major Countries |
8 Grenada Shunt Reactor Market Key Performance Indicators |
8.1 Average capacity utilization rate of shunt reactors in Grenada |
8.2 Number of grid stability incidents mitigated by shunt reactors |
8.3 Percentage growth in renewable energy capacity and its impact on shunt reactor demand |
9 Grenada Shunt Reactor Market - Opportunity Assessment |
9.1 Grenada Shunt Reactor Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Shunt Reactor Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Grenada Shunt Reactor Market Opportunity Assessment, By End-User, 2021 & 2031F |
10 Grenada Shunt Reactor Market - Competitive Landscape |
10.1 Grenada Shunt Reactor Market Revenue Share, By Companies, 2024 |
10.2 Grenada Shunt Reactor 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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