| Product Code: ETC5081703 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The import shipments of thermostats to Grenada in 2024 continued to show strong growth, with top exporting countries being the Netherlands, USA, Trinidad and Tobago, Italy, and UAE. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, while the impressive Compound Annual Growth Rate (CAGR) of 52.91% from 2020 to 2024 highlights the increasing demand for thermostats in Grenada. Additionally, the growth rate of 45.63% from 2023 to 2024 suggests a continued upward trend in the market for thermostats in the country.
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 Thermostats Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Thermostats Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Thermostats Market - Industry Life Cycle |
3.4 Grenada Thermostats Market - Porter's Five Forces |
3.5 Grenada Thermostats Market Revenues & Volume Share, By Products, 2021 & 2031F |
3.6 Grenada Thermostats Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
3.7 Grenada Thermostats Market Revenues & Volume Share, By Mode of Operations, 2021 & 2031F |
3.8 Grenada Thermostats Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Grenada Thermostats Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness and adoption of energy-efficient technologies in Grenada |
4.2.2 Growing demand for smart home devices and automation systems |
4.2.3 Government initiatives promoting energy conservation and sustainable living practices in Grenada |
4.3 Market Restraints |
4.3.1 High initial cost associated with smart thermostat installation and setup |
4.3.2 Limited consumer awareness about the benefits and functionalities of smart thermostats in Grenada |
5 Grenada Thermostats Market Trends |
6 Grenada Thermostats Market Segmentations |
6.1 Grenada Thermostats Market, By Products |
6.1.1 Overview and Analysis |
6.1.2 Grenada Thermostats Market Revenues & Volume, By Smart Thermostat, 2021-2031F |
6.1.3 Grenada Thermostats Market Revenues & Volume, By Mechanical Thermostat, 2021-2031F |
6.1.4 Grenada Thermostats Market Revenues & Volume, By Programmable Thermostat, 2021-2031F |
6.2 Grenada Thermostats Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Grenada Thermostats Market Revenues & Volume, By Utility, 2021-2031F |
6.2.3 Grenada Thermostats Market Revenues & Volume, By Retail, 2021-2031F |
6.2.4 Grenada Thermostats Market Revenues & Volume, By Security, 2021-2031F |
6.2.5 Grenada Thermostats Market Revenues & Volume, By HVAC, 2021-2031F |
6.3 Grenada Thermostats Market, By Mode of Operations |
6.3.1 Overview and Analysis |
6.3.2 Grenada Thermostats Market Revenues & Volume, By Line Voltage, 2021-2031F |
6.3.3 Grenada Thermostats Market Revenues & Volume, By Low Voltage, 2021-2031F |
6.3.4 Grenada Thermostats Market Revenues & Volume, By Millivolt, 2021-2031F |
6.4 Grenada Thermostats Market, By Applications |
6.4.1 Overview and Analysis |
6.4.2 Grenada Thermostats Market Revenues & Volume, By Residential, 2021-2031F |
6.4.3 Grenada Thermostats Market Revenues & Volume, By Commercial, 2021-2031F |
7 Grenada Thermostats Market Import-Export Trade Statistics |
7.1 Grenada Thermostats Market Export to Major Countries |
7.2 Grenada Thermostats Market Imports from Major Countries |
8 Grenada Thermostats Market Key Performance Indicators |
8.1 Percentage increase in the number of energy-efficient homes in Grenada |
8.2 Growth in the number of smart home installations incorporating thermostats |
8.3 Adoption rate of smart thermostat technology among households in Grenada |
8.4 Number of energy conservation programs or policies implemented in Grenada |
8.5 Percentage of households participating in energy-saving initiatives in Grenada |
9 Grenada Thermostats Market - Opportunity Assessment |
9.1 Grenada Thermostats Market Opportunity Assessment, By Products, 2021 & 2031F |
9.2 Grenada Thermostats Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
9.3 Grenada Thermostats Market Opportunity Assessment, By Mode of Operations, 2021 & 2031F |
9.4 Grenada Thermostats Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Grenada Thermostats Market - Competitive Landscape |
10.1 Grenada Thermostats Market Revenue Share, By Companies, 2024 |
10.2 Grenada Thermostats Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |