| Product Code: ETC4914389 | 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 |
In 2024, Grenada continued to rely on imports of electric heating elements, with top suppliers being Panama, USA, Brazil, UK, and Trinidad and Tobago. The market remained highly concentrated, as indicated by the high HHI. The industry experienced steady growth with a CAGR of 5.92% from 2020 to 2024, and a notable growth rate of 68.69% from 2023 to 2024. This data suggests a strong demand for electric heating elements in Grenada, with potential opportunities for market expansion and diversification in the coming years.
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 Electric Heating Elements Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Electric Heating Elements Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Electric Heating Elements Market - Industry Life Cycle |
3.4 Grenada Electric Heating Elements Market - Porter's Five Forces |
3.5 Grenada Electric Heating Elements Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Electric Heating Elements Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Electric Heating Elements Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Electric Heating Elements Market Trends |
6 Grenada Electric Heating Elements Market Segmentations |
6.1 Grenada Electric Heating Elements Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Electric Heating Elements Market Revenues & Volume, By Steel/Stainless Steel, 2021-2031F |
6.1.3 Grenada Electric Heating Elements Market Revenues & Volume, By Copper, 2021-2031F |
6.1.4 Grenada Electric Heating Elements Market Revenues & Volume, By Titanium, 2021-2031F |
6.1.5 Grenada Electric Heating Elements Market Revenues & Volume, By Other Materials, 2021-2031F |
6.2 Grenada Electric Heating Elements Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Electric Heating Elements Market Revenues & Volume, By Food Industry, 2021-2031F |
6.2.3 Grenada Electric Heating Elements Market Revenues & Volume, By Semiconductor Industry, 2021-2031F |
6.2.4 Grenada Electric Heating Elements Market Revenues & Volume, By Pharmaceutical industry, 2021-2031F |
6.2.5 Grenada Electric Heating Elements Market Revenues & Volume, By Transportation, 2021-2031F |
6.2.6 Grenada Electric Heating Elements Market Revenues & Volume, By Residential, 2021-2031F |
6.2.7 Grenada Electric Heating Elements Market Revenues & Volume, By Others, 2021-2031F |
7 Grenada Electric Heating Elements Market Import-Export Trade Statistics |
7.1 Grenada Electric Heating Elements Market Export to Major Countries |
7.2 Grenada Electric Heating Elements Market Imports from Major Countries |
8 Grenada Electric Heating Elements Market Key Performance Indicators |
9 Grenada Electric Heating Elements Market - Opportunity Assessment |
9.1 Grenada Electric Heating Elements Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Electric Heating Elements Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Electric Heating Elements Market - Competitive Landscape |
10.1 Grenada Electric Heating Elements Market Revenue Share, By Companies, 2024 |
10.2 Grenada Electric Heating Elements 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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