| Product Code: ETC12103078 | 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 continued to rely on key suppliers for fire suppression systems, with the USA, UK, Ireland, Saint Vincent and the Grenadines, and Germany leading the export market. Despite a high concentration level, the industry experienced a decline in both the compound annual growth rate (CAGR) from 2020-24 at -5.27% and the growth rate from 2023-24 at -11.94%. This indicates a challenging landscape for importers, highlighting the need for strategic adaptation and potentially diversifying the import sources to mitigate risks and drive future growth.
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 Fire Suppression Systems Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Fire Suppression Systems Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Fire Suppression Systems Market - Industry Life Cycle |
3.4 Grenada Fire Suppression Systems Market - Porter's Five Forces |
3.5 Grenada Fire Suppression Systems Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Fire Suppression Systems Market Revenues & Volume Share, By End-Use, 2021 & 2031F |
4 Grenada Fire Suppression Systems Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Stringent regulations and enforcement of fire safety standards in Grenada |
4.2.2 Increase in urbanization and infrastructure development leading to higher demand for fire suppression systems |
4.2.3 Growing awareness about the importance of fire safety measures among businesses and homeowners |
4.3 Market Restraints |
4.3.1 High initial costs associated with installation and maintenance of fire suppression systems |
4.3.2 Limited technical expertise and skilled labor for designing and installing advanced fire suppression systems in Grenada |
5 Grenada Fire Suppression Systems Market Trends |
6 Grenada Fire Suppression Systems Market, By Types |
6.1 Grenada Fire Suppression Systems Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Fire Suppression Systems Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Grenada Fire Suppression Systems Market Revenues & Volume, By Automatic Fire Suppression Systems, 2021 - 2031F |
6.1.4 Grenada Fire Suppression Systems Market Revenues & Volume, By Manual Fire Suppression Systems, 2021 - 2031F |
6.2 Grenada Fire Suppression Systems Market, By End-Use |
6.2.1 Overview and Analysis |
6.2.2 Grenada Fire Suppression Systems Market Revenues & Volume, By Industrial, 2021 - 2031F |
6.2.3 Grenada Fire Suppression Systems Market Revenues & Volume, By Commercial, 2021 - 2031F |
6.2.4 Grenada Fire Suppression Systems Market Revenues & Volume, By Residential, 2021 - 2031F |
7 Grenada Fire Suppression Systems Market Import-Export Trade Statistics |
7.1 Grenada Fire Suppression Systems Market Export to Major Countries |
7.2 Grenada Fire Suppression Systems Market Imports from Major Countries |
8 Grenada Fire Suppression Systems Market Key Performance Indicators |
8.1 Number of fire incidents reported annually in Grenada |
8.2 Percentage of buildings equipped with fire suppression systems |
8.3 Growth in the number of fire safety training programs and workshops conducted in Grenada |
9 Grenada Fire Suppression Systems Market - Opportunity Assessment |
9.1 Grenada Fire Suppression Systems Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Fire Suppression Systems Market Opportunity Assessment, By End-Use, 2021 & 2031F |
10 Grenada Fire Suppression Systems Market - Competitive Landscape |
10.1 Grenada Fire Suppression Systems Market Revenue Share, By Companies, 2024 |
10.2 Grenada Fire Suppression 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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