| Product Code: ETC10608550 | 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 see a significant demand for HVAC chillers, with the USA, Trinidad and Tobago, UAE, UK, and Hong Kong emerging as top exporters. Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) of 32.41% between 2020 and 2024 indicates a strong market expansion. The high concentration of the Herfindahl-Hirschman Index (HHI) suggests a competitive market landscape, with opportunities for further market penetration and strategic partnerships in the HVAC chiller sector.
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 HVAC Chillers Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada HVAC Chillers Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada HVAC Chillers Market - Industry Life Cycle |
3.4 Grenada HVAC Chillers Market - Porter's Five Forces |
3.5 Grenada HVAC Chillers Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Grenada HVAC Chillers Market Revenues & Volume Share, By Compressor Type, 2021 & 2031F |
3.7 Grenada HVAC Chillers Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Grenada HVAC Chillers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient HVAC chillers in Grenada |
4.2.2 Growing awareness about the importance of sustainable cooling solutions |
4.2.3 Government initiatives promoting the adoption of eco-friendly HVAC systems |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with purchasing and installing HVAC chillers |
4.3.2 Limited availability of skilled technicians for chiller maintenance and repair |
4.3.3 Fluctuating raw material prices impacting chiller manufacturing costs |
5 Grenada HVAC Chillers Market Trends |
6 Grenada HVAC Chillers Market, By Types |
6.1 Grenada HVAC Chillers Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada HVAC Chillers Market Revenues & Volume, By Product Type, 2021 - 2031F |
6.1.3 Grenada HVAC Chillers Market Revenues & Volume, By Air-Cooled Chillers, 2021 - 2031F |
6.1.4 Grenada HVAC Chillers Market Revenues & Volume, By Water-Cooled Chillers, 2021 - 2031F |
6.1.5 Grenada HVAC Chillers Market Revenues & Volume, By Absorption Chillers, 2021 - 2031F |
6.2 Grenada HVAC Chillers Market, By Compressor Type |
6.2.1 Overview and Analysis |
6.2.2 Grenada HVAC Chillers Market Revenues & Volume, By Centrifugal, 2021 - 2031F |
6.2.3 Grenada HVAC Chillers Market Revenues & Volume, By Screw, 2021 - 2031F |
6.2.4 Grenada HVAC Chillers Market Revenues & Volume, By Scroll, 2021 - 2031F |
6.3 Grenada HVAC Chillers Market, By End Use |
6.3.1 Overview and Analysis |
6.3.2 Grenada HVAC Chillers Market Revenues & Volume, By Commercial, 2021 - 2031F |
6.3.3 Grenada HVAC Chillers Market Revenues & Volume, By Industrial, 2021 - 2031F |
6.3.4 Grenada HVAC Chillers Market Revenues & Volume, By Residential, 2021 - 2031F |
7 Grenada HVAC Chillers Market Import-Export Trade Statistics |
7.1 Grenada HVAC Chillers Market Export to Major Countries |
7.2 Grenada HVAC Chillers Market Imports from Major Countries |
8 Grenada HVAC Chillers Market Key Performance Indicators |
8.1 Energy efficiency ratings of HVAC chillers in Grenada |
8.2 Number of eco-friendly HVAC chiller installations in the market |
8.3 Percentage of government projects incorporating sustainable cooling solutions |
8.4 Average downtime for HVAC chillers due to maintenance issues |
8.5 Adoption rate of training programs for chiller technicians in Grenada |
9 Grenada HVAC Chillers Market - Opportunity Assessment |
9.1 Grenada HVAC Chillers Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Grenada HVAC Chillers Market Opportunity Assessment, By Compressor Type, 2021 & 2031F |
9.3 Grenada HVAC Chillers Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Grenada HVAC Chillers Market - Competitive Landscape |
10.1 Grenada HVAC Chillers Market Revenue Share, By Companies, 2024 |
10.2 Grenada HVAC Chillers 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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