| Product Code: ETC5106574 | 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 air heating appliances to Grenada in 2024 saw significant growth, with top exporting countries being the USA, China, UK, Puerto Rico, and Germany. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), remained high in 2024, indicating a market dominated by a few key players. The impressive Compound Annual Growth Rate (CAGR) of 24.5% from 2020 to 2024 reflects the expanding demand for air heating appliances in Grenada. Moreover, the remarkable growth rate of 61.58% from 2023 to 2024 signals a rapidly evolving market with promising opportunities for both domestic and international suppliers.
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 Air Heating Appliance Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Air Heating Appliance Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Air Heating Appliance Market - Industry Life Cycle |
3.4 Grenada Air Heating Appliance Market - Porter's Five Forces |
3.5 Grenada Air Heating Appliance Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Air Heating Appliance Market Revenues & Volume Share, By Fuel Type, 2021 & 2031F |
3.7 Grenada Air Heating Appliance Market Revenues & Volume Share, By End-user, 2021 & 2031F |
4 Grenada Air Heating Appliance Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about energy efficiency and cost savings associated with air heating appliances |
4.2.2 Government initiatives promoting the adoption of energy-efficient appliances |
4.2.3 Growth in construction activities and renovation projects driving demand for air heating appliances |
4.3 Market Restraints |
4.3.1 High initial cost of purchasing and installing air heating appliances |
4.3.2 Lack of proper infrastructure for distribution and installation services |
4.3.3 Seasonal demand fluctuations affecting sales in the market |
5 Grenada Air Heating Appliance Market Trends |
6 Grenada Air Heating Appliance Market Segmentations |
6.1 Grenada Air Heating Appliance Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Air Heating Appliance Market Revenues & Volume, By Space Heating Appliance, 2021-2031F |
6.1.3 Grenada Air Heating Appliance Market Revenues & Volume, By Water Heating Appliance, 2021-2031F |
6.2 Grenada Air Heating Appliance Market, By Fuel Type |
6.2.1 Overview and Analysis |
6.2.2 Grenada Air Heating Appliance Market Revenues & Volume, By Gas Powered Heating Appliance, 2021-2031F |
6.2.3 Grenada Air Heating Appliance Market Revenues & Volume, By Oil Powered Heating Appliance, 2021-2031F |
6.2.4 Grenada Air Heating Appliance Market Revenues & Volume, By Electricity Powered Heating Appliance, 2021-2031F |
6.2.5 Grenada Air Heating Appliance Market Revenues & Volume, By Solar Energy Powered Heating Appliance, 2021-2031F |
6.3 Grenada Air Heating Appliance Market, By End-user |
6.3.1 Overview and Analysis |
6.3.2 Grenada Air Heating Appliance Market Revenues & Volume, By Residential, 2021-2031F |
6.3.3 Grenada Air Heating Appliance Market Revenues & Volume, By Commercial, 2021-2031F |
6.3.4 Grenada Air Heating Appliance Market Revenues & Volume, By Industrial, 2021-2031F |
7 Grenada Air Heating Appliance Market Import-Export Trade Statistics |
7.1 Grenada Air Heating Appliance Market Export to Major Countries |
7.2 Grenada Air Heating Appliance Market Imports from Major Countries |
8 Grenada Air Heating Appliance Market Key Performance Indicators |
8.1 Energy efficiency rating of air heating appliances |
8.2 Number of government subsidies or incentives received by consumers for purchasing energy-efficient appliances |
8.3 Percentage of buildings undergoing construction or renovation projects that include air heating appliance installations |
9 Grenada Air Heating Appliance Market - Opportunity Assessment |
9.1 Grenada Air Heating Appliance Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Air Heating Appliance Market Opportunity Assessment, By Fuel Type, 2021 & 2031F |
9.3 Grenada Air Heating Appliance Market Opportunity Assessment, By End-user, 2021 & 2031F |
10 Grenada Air Heating Appliance Market - Competitive Landscape |
10.1 Grenada Air Heating Appliance Market Revenue Share, By Companies, 2024 |
10.2 Grenada Air Heating Appliance 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.
To discover high-growth global markets and optimize your business strategy:
Click Here