| Product Code: ETC5772619 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The Grenada Heat Pump Market is projected to witness mixed growth rate patterns during 2025 to 2029. From 1.56% in 2025, the growth rate steadily ascends to 2.60% in 2029.

Grenada's Heat Pump market is anticipated to experience a stable growth rate of 1.04% by 2027, reflecting trends observed in the largest economy United States of America, followed by Canada, Trinidad and Tobago, Jamaica and Bahamas.

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 Heat Pump Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Heat Pump Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Heat Pump Market - Industry Life Cycle |
3.4 Grenada Heat Pump Market - Porter's Five Forces |
3.5 Grenada Heat Pump Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Heat Pump Market Revenues & Volume Share, By Refrigerant, 2021 & 2031F |
3.7 Grenada Heat Pump Market Revenues & Volume Share, By Rated Capacity, 2021 & 2031F |
3.8 Grenada Heat Pump Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Grenada Heat Pump Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness and adoption of renewable energy sources in Grenada |
4.2.2 Government initiatives and incentives to promote energy efficiency and reduce carbon emissions |
4.2.3 Rising electricity costs driving demand for more energy-efficient heating solutions |
4.3 Market Restraints |
4.3.1 High upfront costs associated with heat pump installation |
4.3.2 Lack of skilled workforce for installation and maintenance of heat pumps |
4.3.3 Limited availability of financing options for consumers to invest in heat pump systems |
5 Grenada Heat Pump Market Trends |
6 Grenada Heat Pump Market Segmentations |
6.1 Grenada Heat Pump Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Heat Pump Market Revenues & Volume, By Air-to-Air, 2021-2031F |
6.1.3 Grenada Heat Pump Market Revenues & Volume, By Air-to-Water, 2021-2031F |
6.1.4 Grenada Heat Pump Market Revenues & Volume, By Water Source, 2021-2031F |
6.1.5 Grenada Heat Pump Market Revenues & Volume, By Geothermal, 2021-2031F |
6.1.6 Grenada Heat Pump Market Revenues & Volume, By Hybrid, 2021-2031F |
6.2 Grenada Heat Pump Market, By Refrigerant |
6.2.1 Overview and Analysis |
6.2.2 Grenada Heat Pump Market Revenues & Volume, By R410A, 2021-2031F |
6.2.3 Grenada Heat Pump Market Revenues & Volume, By R407C, 2021-2031F |
6.2.4 Grenada Heat Pump Market Revenues & Volume, By R744, 2021-2031F |
6.3 Grenada Heat Pump Market, By Rated Capacity |
6.3.1 Overview and Analysis |
6.3.2 Grenada Heat Pump Market Revenues & Volume, By Up to 10 kW, 2021-2031F |
6.3.3 Grenada Heat Pump Market Revenues & Volume, By 10-20 kW, 2021-2031F |
6.3.4 Grenada Heat Pump Market Revenues & Volume, By 20-30 kW, 2021-2031F |
6.3.5 Grenada Heat Pump Market Revenues & Volume, By >30 kW, 2021-2031F |
6.4 Grenada Heat Pump Market, By End User |
6.4.1 Overview and Analysis |
6.4.2 Grenada Heat Pump Market Revenues & Volume, By Residential, 2021-2031F |
6.4.3 Grenada Heat Pump Market Revenues & Volume, By Commercial, 2021-2031F |
6.4.4 Grenada Heat Pump Market Revenues & Volume, By Industrial, 2021-2031F |
7 Grenada Heat Pump Market Import-Export Trade Statistics |
7.1 Grenada Heat Pump Market Export to Major Countries |
7.2 Grenada Heat Pump Market Imports from Major Countries |
8 Grenada Heat Pump Market Key Performance Indicators |
8.1 Average annual growth rate of renewable energy adoption in Grenada |
8.2 Number of government policies and incentives supporting energy-efficient heating solutions |
8.3 Percentage of households in Grenada using heat pumps for their heating needs |
8.4 Average annual percentage decrease in electricity consumption attributed to heat pump usage |
8.5 Number of accredited heat pump installers in Grenada |
9 Grenada Heat Pump Market - Opportunity Assessment |
9.1 Grenada Heat Pump Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Heat Pump Market Opportunity Assessment, By Refrigerant, 2021 & 2031F |
9.3 Grenada Heat Pump Market Opportunity Assessment, By Rated Capacity, 2021 & 2031F |
9.4 Grenada Heat Pump Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Grenada Heat Pump Market - Competitive Landscape |
10.1 Grenada Heat Pump Market Revenue Share, By Companies, 2024 |
10.2 Grenada Heat Pump Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |