| 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 |
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.
To discover high-growth global markets and optimize your business strategy:
Click Here