| Product Code: ETC7369365 | 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 |
In 2024, Grenada continued to see a significant import of electric surface heaters, with key exporting countries being the USA, Germany, Panama, UK, and Brazil. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. Despite a strong compound annual growth rate (CAGR) of 8.93% from 2020 to 2024, there was a slight decline in growth rate from 2023 to 2024 at -11.29%. This suggests a potential shift in market dynamics or external factors impacting the industry. Stakeholders should closely monitor these trends to make informed decisions in this competitive market.
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 Surface Heaters Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Electric Surface Heaters Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Electric Surface Heaters Market - Industry Life Cycle |
3.4 Grenada Electric Surface Heaters Market - Porter's Five Forces |
3.5 Grenada Electric Surface Heaters Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Electric Surface Heaters Market Revenues & Volume Share, By Industry, 2021 & 2031F |
4 Grenada Electric Surface Heaters Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness and adoption of energy-efficient heating solutions |
4.2.2 Growing demand for compact and portable heating solutions in residential and commercial spaces |
4.2.3 Government initiatives promoting the use of electric heating technologies in Grenada |
4.3 Market Restraints |
4.3.1 High initial costs associated with electric surface heaters |
4.3.2 Limited availability of skilled professionals for installation and maintenance of electric heating systems |
4.3.3 Seasonal demand fluctuations impacting sales of electric surface heaters |
5 Grenada Electric Surface Heaters Market Trends |
6 Grenada Electric Surface Heaters Market, By Types |
6.1 Grenada Electric Surface Heaters Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Electric Surface Heaters Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Grenada Electric Surface Heaters Market Revenues & Volume, By Silicone Rubber-Based, 2021- 2031F |
6.1.4 Grenada Electric Surface Heaters Market Revenues & Volume, By Polyimide-Based, 2021- 2031F |
6.1.5 Grenada Electric Surface Heaters Market Revenues & Volume, By Polyester-Based, 2021- 2031F |
6.1.6 Grenada Electric Surface Heaters Market Revenues & Volume, By Mica-Based, 2021- 2031F |
6.2 Grenada Electric Surface Heaters Market, By Industry |
6.2.1 Overview and Analysis |
6.2.2 Grenada Electric Surface Heaters Market Revenues & Volume, By Electronics and Semiconductor, 2021- 2031F |
6.2.3 Grenada Electric Surface Heaters Market Revenues & Volume, By Aerospace and Defense, 2021- 2031F |
6.2.4 Grenada Electric Surface Heaters Market Revenues & Volume, By Medical, 2021- 2031F |
6.2.5 Grenada Electric Surface Heaters Market Revenues & Volume, By Automotive, 2021- 2031F |
6.2.6 Grenada Electric Surface Heaters Market Revenues & Volume, By Food and Beverages, 2021- 2031F |
6.2.7 Grenada Electric Surface Heaters Market Revenues & Volume, By Oil and Gas and Mining, 2021- 2031F |
7 Grenada Electric Surface Heaters Market Import-Export Trade Statistics |
7.1 Grenada Electric Surface Heaters Market Export to Major Countries |
7.2 Grenada Electric Surface Heaters Market Imports from Major Countries |
8 Grenada Electric Surface Heaters Market Key Performance Indicators |
8.1 Energy efficiency ratings of electric surface heaters |
8.2 Average installation time for electric surface heaters |
8.3 Number of government incentives or rebates supporting the adoption of electric heating technologies |
8.4 Percentage of households or businesses using electric surface heaters |
8.5 Customer satisfaction ratings for electric surface heaters |
9 Grenada Electric Surface Heaters Market - Opportunity Assessment |
9.1 Grenada Electric Surface Heaters Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Electric Surface Heaters Market Opportunity Assessment, By Industry, 2021 & 2031F |
10 Grenada Electric Surface Heaters Market - Competitive Landscape |
10.1 Grenada Electric Surface Heaters Market Revenue Share, By Companies, 2024 |
10.2 Grenada Electric Surface 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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