| Product Code: ETC10609126 | 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 influx of HVAC electronics imports, with top exporting countries being the USA, Netherlands, Trinidad and Tobago, China, and Italy. The market remained highly concentrated, with a high Herfindahl-Hirschman Index (HHI) indicating limited competition. The compound annual growth rate (CAGR) from 2020 to 2024 was an impressive 47.98%, showcasing strong market expansion. Additionally, the growth rate from 2023 to 2024 stood at 41.97%, reflecting sustained momentum in the importation of HVAC electronics into Grenada.
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 Electronics Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada HVAC Electronics Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada HVAC Electronics Market - Industry Life Cycle |
3.4 Grenada HVAC Electronics Market - Porter's Five Forces |
3.5 Grenada HVAC Electronics Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.6 Grenada HVAC Electronics Market Revenues & Volume Share, By Function, 2021 & 2031F |
3.7 Grenada HVAC Electronics Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada HVAC Electronics Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient HVAC electronics in Grenada |
4.2.2 Growing awareness about the benefits of smart HVAC systems |
4.2.3 Government initiatives promoting sustainable and eco-friendly HVAC solutions |
4.3 Market Restraints |
4.3.1 High initial costs associated with the installation of advanced HVAC electronics |
4.3.2 Lack of skilled professionals for the maintenance and servicing of sophisticated HVAC systems |
4.3.3 Dependency on imports for key components affecting pricing and supply chain stability |
5 Grenada HVAC Electronics Market Trends |
6 Grenada HVAC Electronics Market, By Types |
6.1 Grenada HVAC Electronics Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 Grenada HVAC Electronics Market Revenues & Volume, By Component, 2021 - 2031F |
6.1.3 Grenada HVAC Electronics Market Revenues & Volume, By Sensors, 2021 - 2031F |
6.1.4 Grenada HVAC Electronics Market Revenues & Volume, By Controllers, 2021 - 2031F |
6.1.5 Grenada HVAC Electronics Market Revenues & Volume, By Actuators, 2021 - 2031F |
6.1.6 Grenada HVAC Electronics Market Revenues & Volume, By Relays, 2021 - 2031F |
6.2 Grenada HVAC Electronics Market, By Function |
6.2.1 Overview and Analysis |
6.2.2 Grenada HVAC Electronics Market Revenues & Volume, By Temperature Sensing, 2021 - 2031F |
6.2.3 Grenada HVAC Electronics Market Revenues & Volume, By System Regulation, 2021 - 2031F |
6.2.4 Grenada HVAC Electronics Market Revenues & Volume, By Airflow Control, 2021 - 2031F |
6.2.5 Grenada HVAC Electronics Market Revenues & Volume, By Electrical Switching, 2021 - 2031F |
6.3 Grenada HVAC Electronics Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Grenada HVAC Electronics Market Revenues & Volume, By Commercial, 2021 - 2031F |
6.3.3 Grenada HVAC Electronics Market Revenues & Volume, By Residential, 2021 - 2031F |
6.3.4 Grenada HVAC Electronics Market Revenues & Volume, By Industrial, 2021 - 2031F |
7 Grenada HVAC Electronics Market Import-Export Trade Statistics |
7.1 Grenada HVAC Electronics Market Export to Major Countries |
7.2 Grenada HVAC Electronics Market Imports from Major Countries |
8 Grenada HVAC Electronics Market Key Performance Indicators |
8.1 Energy efficiency ratings of HVAC systems in Grenada |
8.2 Number of smart HVAC system installations in residential and commercial buildings |
8.3 Adoption rate of eco-friendly refrigerants in HVAC systems |
9 Grenada HVAC Electronics Market - Opportunity Assessment |
9.1 Grenada HVAC Electronics Market Opportunity Assessment, By Component, 2021 & 2031F |
9.2 Grenada HVAC Electronics Market Opportunity Assessment, By Function, 2021 & 2031F |
9.3 Grenada HVAC Electronics Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada HVAC Electronics Market - Competitive Landscape |
10.1 Grenada HVAC Electronics Market Revenue Share, By Companies, 2024 |
10.2 Grenada HVAC Electronics Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |