| Product Code: ETC7367580 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Grenada`s import of connected home devices in 2024 continued to show a high level of concentration, with the top exporting countries being the USA, UK, Trinidad and Tobago, Saint Lucia, and Jamaica. The industry experienced significant growth with a CAGR of 22.69% from 2020 to 2024, and a notable growth rate of 51.83% from 2023 to 2024. This indicates a strong demand for smart home technology in Grenada, with key players from diverse regions contributing to the market`s expansion.
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 Connected Home Devices Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Connected Home Devices Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Connected Home Devices Market - Industry Life Cycle |
3.4 Grenada Connected Home Devices Market - Porter's Five Forces |
3.5 Grenada Connected Home Devices Market Revenues & Volume Share, By Technology, 2021 & 2031F |
4 Grenada Connected Home Devices Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for smart home automation solutions |
4.2.2 Growing adoption of IoT devices in households |
4.2.3 Technological advancements in connected home devices industry |
4.3 Market Restraints |
4.3.1 High initial investment required for setting up connected home systems |
4.3.2 Concerns regarding data privacy and security |
4.3.3 Limited awareness and understanding of connected home devices among consumers |
5 Grenada Connected Home Devices Market Trends |
6 Grenada Connected Home Devices Market, By Types |
6.1 Grenada Connected Home Devices Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 Grenada Connected Home Devices Market Revenues & Volume, By Technology, 2021- 2031F |
6.1.3 Grenada Connected Home Devices Market Revenues & Volume, By Device-based, 2021- 2031F |
6.1.4 Grenada Connected Home Devices Market Revenues & Volume, By Mobile-based, 2021- 2031F |
6.1.5 Grenada Connected Home Devices Market Revenues & Volume, By Hybrid, 2021- 2031F |
7 Grenada Connected Home Devices Market Import-Export Trade Statistics |
7.1 Grenada Connected Home Devices Market Export to Major Countries |
7.2 Grenada Connected Home Devices Market Imports from Major Countries |
8 Grenada Connected Home Devices Market Key Performance Indicators |
8.1 Average number of connected devices per household |
8.2 Rate of growth in the number of smart homes in Grenada |
8.3 Percentage of households using voice-controlled smart assistants |
9 Grenada Connected Home Devices Market - Opportunity Assessment |
9.1 Grenada Connected Home Devices Market Opportunity Assessment, By Technology, 2021 & 2031F |
10 Grenada Connected Home Devices Market - Competitive Landscape |
10.1 Grenada Connected Home Devices Market Revenue Share, By Companies, 2024 |
10.2 Grenada Connected Home Devices 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