| Product Code: ETC10427686 | Publication Date: Apr 2025 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
In 2024, Grenada saw a significant increase in the import shipments of automatic fire sprinkler systems, with top exporting countries being the USA, UK, Canada, Trinidad and Tobago, and China. The market concentration, as measured by the HHI, reached very high levels in 2024 compared to the previous year. This industry demonstrated a strong compound annual growth rate (CAGR) of 6.08% from 2020 to 2024, with a notable growth rate of 12.67% from 2023 to 2024. The surge in imports reflects the growing demand for fire safety equipment in Grenada, indicating a positive outlook for the industry.
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 Automatic Fire Sprinklers Systems Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Automatic Fire Sprinklers Systems Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Automatic Fire Sprinklers Systems Market - Industry Life Cycle |
3.4 Grenada Automatic Fire Sprinklers Systems Market - Porter's Five Forces |
3.5 Grenada Automatic Fire Sprinklers Systems Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Grenada Automatic Fire Sprinklers Systems Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.7 Grenada Automatic Fire Sprinklers Systems Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Grenada Automatic Fire Sprinklers Systems Market Revenues & Volume Share, By Technology, 2021 & 2031F |
4 Grenada Automatic Fire Sprinklers Systems Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about fire safety measures and regulations in Grenada |
4.2.2 Growing urbanization and industrialization leading to higher demand for fire protection systems |
4.2.3 Rising incidents of fire outbreaks in residential, commercial, and industrial buildings |
4.3 Market Restraints |
4.3.1 High initial installation costs of automatic fire sprinkler systems |
4.3.2 Lack of skilled professionals for installation and maintenance of fire sprinkler systems |
4.3.3 Limited government regulations mandating the installation of fire sprinkler systems in buildings |
5 Grenada Automatic Fire Sprinklers Systems Market Trends |
6 Grenada Automatic Fire Sprinklers Systems Market, By Types |
6.1 Grenada Automatic Fire Sprinklers Systems Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Automatic Fire Sprinklers Systems Market Revenues & Volume, By Product Type, 2021 - 2031F |
6.1.3 Grenada Automatic Fire Sprinklers Systems Market Revenues & Volume, By Sprinkler Systems, 2021 - 2031F |
6.1.4 Grenada Automatic Fire Sprinklers Systems Market Revenues & Volume, By Fire Protection Equipment, 2021 - 2031F |
6.2 Grenada Automatic Fire Sprinklers Systems Market, By End User |
6.2.1 Overview and Analysis |
6.2.2 Grenada Automatic Fire Sprinklers Systems Market Revenues & Volume, By Residential, 2021 - 2031F |
6.2.3 Grenada Automatic Fire Sprinklers Systems Market Revenues & Volume, By Commercial, 2021 - 2031F |
6.3 Grenada Automatic Fire Sprinklers Systems Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Grenada Automatic Fire Sprinklers Systems Market Revenues & Volume, By Fire Protection, 2021 - 2031F |
6.3.3 Grenada Automatic Fire Sprinklers Systems Market Revenues & Volume, By Fire Suppression, 2021 - 2031F |
6.4 Grenada Automatic Fire Sprinklers Systems Market, By Technology |
6.4.1 Overview and Analysis |
6.4.2 Grenada Automatic Fire Sprinklers Systems Market Revenues & Volume, By Home Safety, 2021 - 2031F |
6.4.3 Grenada Automatic Fire Sprinklers Systems Market Revenues & Volume, By Industrial Buildings, 2021 - 2031F |
7 Grenada Automatic Fire Sprinklers Systems Market Import-Export Trade Statistics |
7.1 Grenada Automatic Fire Sprinklers Systems Market Export to Major Countries |
7.2 Grenada Automatic Fire Sprinklers Systems Market Imports from Major Countries |
8 Grenada Automatic Fire Sprinklers Systems Market Key Performance Indicators |
8.1 Number of building permits issued with mandatory fire sprinkler system installations |
8.2 Percentage increase in insurance premium discounts for buildings with fire sprinkler systems |
8.3 Number of fire incidents in buildings before and after the installation of automatic fire sprinkler systems |
9 Grenada Automatic Fire Sprinklers Systems Market - Opportunity Assessment |
9.1 Grenada Automatic Fire Sprinklers Systems Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Grenada Automatic Fire Sprinklers Systems Market Opportunity Assessment, By End User, 2021 & 2031F |
9.3 Grenada Automatic Fire Sprinklers Systems Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Grenada Automatic Fire Sprinklers Systems Market Opportunity Assessment, By Technology, 2021 & 2031F |
10 Grenada Automatic Fire Sprinklers Systems Market - Competitive Landscape |
10.1 Grenada Automatic Fire Sprinklers Systems Market Revenue Share, By Companies, 2024 |
10.2 Grenada Automatic Fire Sprinklers Systems 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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