| Product Code: ETC10609510 | 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 |
The HVAC equipment import shipments to Grenada in 2024 saw a notable increase in concentration among the top exporting countries, with the USA, China, Jamaica, Trinidad and Tobago, and the UK dominating the market. The Herfindahl-Hirschman Index (HHI) indicated a significant rise in market concentration from 2023 to 2024, reflecting a more competitive landscape. Despite a negative growth rate in 2024 compared to the previous year, the compound annual growth rate (CAGR) from 2020 to 2024 remained positive at 8.56%, suggesting long-term growth potential in the Grenadian HVAC equipment import market.
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 Equipment Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada HVAC Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada HVAC Equipment Market - Industry Life Cycle |
3.4 Grenada HVAC Equipment Market - Porter's Five Forces |
3.5 Grenada HVAC Equipment Market Revenues & Volume Share, By Equipment Type, 2021 & 2031F |
3.6 Grenada HVAC Equipment Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 Grenada HVAC Equipment Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada HVAC Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Rising demand for energy-efficient HVAC equipment in Grenada |
4.2.2 Increasing investments in construction activities and infrastructure development in Grenada |
4.2.3 Growing awareness about the importance of indoor air quality and comfort in residential and commercial buildings |
4.3 Market Restraints |
4.3.1 High initial costs associated with installing HVAC equipment in Grenada |
4.3.2 Limited availability of skilled technicians for HVAC system maintenance and repairs in Grenada |
4.3.3 Dependence on imports for HVAC equipment, leading to potential supply chain disruptions |
5 Grenada HVAC Equipment Market Trends |
6 Grenada HVAC Equipment Market, By Types |
6.1 Grenada HVAC Equipment Market, By Equipment Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada HVAC Equipment Market Revenues & Volume, By Equipment Type, 2021 - 2031F |
6.1.3 Grenada HVAC Equipment Market Revenues & Volume, By Heating Units, 2021 - 2031F |
6.1.4 Grenada HVAC Equipment Market Revenues & Volume, By Ventilation Units, 2021 - 2031F |
6.1.5 Grenada HVAC Equipment Market Revenues & Volume, By Air Conditioning Units, 2021 - 2031F |
6.1.6 Grenada HVAC Equipment Market Revenues & Volume, By Air Purification Units, 2021 - 2031F |
6.2 Grenada HVAC Equipment Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Grenada HVAC Equipment Market Revenues & Volume, By Centralized Systems, 2021 - 2031F |
6.2.3 Grenada HVAC Equipment Market Revenues & Volume, By Decentralized Systems, 2021 - 2031F |
6.2.4 Grenada HVAC Equipment Market Revenues & Volume, By Inverter Technology, 2021 - 2031F |
6.2.5 Grenada HVAC Equipment Market Revenues & Volume, By Smart HVAC Systems, 2021 - 2031F |
6.3 Grenada HVAC Equipment Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Grenada HVAC Equipment Market Revenues & Volume, By Commercial, 2021 - 2031F |
6.3.3 Grenada HVAC Equipment Market Revenues & Volume, By Residential, 2021 - 2031F |
6.3.4 Grenada HVAC Equipment Market Revenues & Volume, By Industrial, 2021 - 2031F |
7 Grenada HVAC Equipment Market Import-Export Trade Statistics |
7.1 Grenada HVAC Equipment Market Export to Major Countries |
7.2 Grenada HVAC Equipment Market Imports from Major Countries |
8 Grenada HVAC Equipment Market Key Performance Indicators |
8.1 Energy efficiency ratings of HVAC equipment sold in Grenada |
8.2 Number of new construction permits issued in Grenada |
8.3 Percentage of buildings in Grenada equipped with HVAC systems compliant with indoor air quality standards |
9 Grenada HVAC Equipment Market - Opportunity Assessment |
9.1 Grenada HVAC Equipment Market Opportunity Assessment, By Equipment Type, 2021 & 2031F |
9.2 Grenada HVAC Equipment Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 Grenada HVAC Equipment Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada HVAC Equipment Market - Competitive Landscape |
10.1 Grenada HVAC Equipment Market Revenue Share, By Companies, 2024 |
10.2 Grenada HVAC Equipment 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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