| Product Code: ETC7369362 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Grenada`s electric space heaters import market saw significant growth in 2024, with top exporters including the USA, Panama, UK, China, and Brazil. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), decreased from very high to moderate levels, indicating a more diversified import landscape. The compound annual growth rate (CAGR) from 2020 to 2024 was impressive at 15.38%, with a notable growth rate of 64.29% from 2023 to 2024. This data suggests a dynamic and expanding market for electric space heaters in Grenada, driven by a variety of exporting countries.
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 Space Heaters Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Electric Space Heaters Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Electric Space Heaters Market - Industry Life Cycle |
3.4 Grenada Electric Space Heaters Market - Porter's Five Forces |
3.5 Grenada Electric Space Heaters Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Electric Space Heaters Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Electric Space Heaters Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient heating solutions |
4.2.2 Growing focus on home comfort and convenience |
4.2.3 Rising awareness about the benefits of electric space heaters |
4.3 Market Restraints |
4.3.1 High initial cost of electric space heaters |
4.3.2 Limited availability of electricity in certain regions |
4.3.3 Competition from alternative heating technologies |
5 Grenada Electric Space Heaters Market Trends |
6 Grenada Electric Space Heaters Market, By Types |
6.1 Grenada Electric Space Heaters Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Electric Space Heaters Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Grenada Electric Space Heaters Market Revenues & Volume, By Ceramic Heater, 2021- 2031F |
6.1.4 Grenada Electric Space Heaters Market Revenues & Volume, By Oil Filled Heater, 2021- 2031F |
6.1.5 Grenada Electric Space Heaters Market Revenues & Volume, By Infrared Heaters, 2021- 2031F |
6.2 Grenada Electric Space Heaters Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Electric Space Heaters Market Revenues & Volume, By Family, 2021- 2031F |
6.2.3 Grenada Electric Space Heaters Market Revenues & Volume, By Office, 2021- 2031F |
6.2.4 Grenada Electric Space Heaters Market Revenues & Volume, By School, 2021- 2031F |
7 Grenada Electric Space Heaters Market Import-Export Trade Statistics |
7.1 Grenada Electric Space Heaters Market Export to Major Countries |
7.2 Grenada Electric Space Heaters Market Imports from Major Countries |
8 Grenada Electric Space Heaters Market Key Performance Indicators |
8.1 Energy consumption per unit of heat produced by electric space heaters |
8.2 Adoption rate of smart features in electric space heaters |
8.3 Number of households using electric space heaters as their primary heating source |
9 Grenada Electric Space Heaters Market - Opportunity Assessment |
9.1 Grenada Electric Space Heaters Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Electric Space Heaters Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Electric Space Heaters Market - Competitive Landscape |
10.1 Grenada Electric Space Heaters Market Revenue Share, By Companies, 2024 |
10.2 Grenada Electric Space Heaters 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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