| Product Code: ETC10610470 | 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 rely on imports of HVAC insulation, with top exporting countries being Lebanon, Trinidad and Tobago, Canada, UAE, and the USA. Despite a high Herfindahl-Hirschman Index (HHI) indicating market concentration, the industry experienced a slight decline with a CAGR of -1.01% from 2020 to 2024. However, there was a notable growth spurt in 2024 with a growth rate of 24.45% compared to the previous year, suggesting potential opportunities for market expansion and development in the coming years.
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 Insulation Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada HVAC Insulation Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada HVAC Insulation Market - Industry Life Cycle |
3.4 Grenada HVAC Insulation Market - Porter's Five Forces |
3.5 Grenada HVAC Insulation Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada HVAC Insulation Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.7 Grenada HVAC Insulation Market Revenues & Volume Share, By End Use, 2021 & 2031F |
3.8 Grenada HVAC Insulation Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada HVAC Insulation Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of energy-efficient HVAC systems in Grenada |
4.2.2 Growing awareness about the benefits of proper insulation in HVAC systems |
4.2.3 Government initiatives promoting energy efficiency and sustainability in buildings |
4.3 Market Restraints |
4.3.1 High initial costs associated with installing quality HVAC insulation |
4.3.2 Lack of skilled labor for proper installation and maintenance of HVAC insulation |
4.3.3 Fluctuating raw material prices impacting overall costs |
5 Grenada HVAC Insulation Market Trends |
6 Grenada HVAC Insulation Market, By Types |
6.1 Grenada HVAC Insulation Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada HVAC Insulation Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Grenada HVAC Insulation Market Revenues & Volume, By Duct Insulation, 2021 - 2031F |
6.1.4 Grenada HVAC Insulation Market Revenues & Volume, By Pipe Insulation, 2021 - 2031F |
6.1.5 Grenada HVAC Insulation Market Revenues & Volume, By Acoustic Insulation, 2021 - 2031F |
6.1.6 Grenada HVAC Insulation Market Revenues & Volume, By Blanket Insulation, 2021 - 2031F |
6.2 Grenada HVAC Insulation Market, By Material |
6.2.1 Overview and Analysis |
6.2.2 Grenada HVAC Insulation Market Revenues & Volume, By Fiberglass, 2021 - 2031F |
6.2.3 Grenada HVAC Insulation Market Revenues & Volume, By Foam, 2021 - 2031F |
6.2.4 Grenada HVAC Insulation Market Revenues & Volume, By Rubber, 2021 - 2031F |
6.2.5 Grenada HVAC Insulation Market Revenues & Volume, By Others, 2021 - 2031F |
6.3 Grenada HVAC Insulation Market, By End Use |
6.3.1 Overview and Analysis |
6.3.2 Grenada HVAC Insulation Market Revenues & Volume, By Residential, 2021 - 2031F |
6.3.3 Grenada HVAC Insulation Market Revenues & Volume, By Commercial, 2021 - 2031F |
6.3.4 Grenada HVAC Insulation Market Revenues & Volume, By Industrial, 2021 - 2031F |
6.3.5 Grenada HVAC Insulation Market Revenues & Volume, By Others, 2021 - 2031F |
6.4 Grenada HVAC Insulation Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Grenada HVAC Insulation Market Revenues & Volume, By HVAC Ducts, 2021 - 2031F |
6.4.3 Grenada HVAC Insulation Market Revenues & Volume, By Refrigeration, 2021 - 2031F |
6.4.4 Grenada HVAC Insulation Market Revenues & Volume, By Ventilation, 2021 - 2031F |
6.4.5 Grenada HVAC Insulation Market Revenues & Volume, By Air Conditioning, 2021 - 2031F |
7 Grenada HVAC Insulation Market Import-Export Trade Statistics |
7.1 Grenada HVAC Insulation Market Export to Major Countries |
7.2 Grenada HVAC Insulation Market Imports from Major Countries |
8 Grenada HVAC Insulation Market Key Performance Indicators |
8.1 Energy savings achieved through the use of HVAC insulation |
8.2 Number of energy efficiency certifications obtained by HVAC insulation providers in Grenada |
8.3 Percentage increase in the adoption of energy-efficient HVAC systems in Grenada |
8.4 Average payback period for investments in HVAC insulation |
8.5 Number of buildings retrofitted with improved HVAC insulation in Grenada |
9 Grenada HVAC Insulation Market - Opportunity Assessment |
9.1 Grenada HVAC Insulation Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada HVAC Insulation Market Opportunity Assessment, By Material, 2021 & 2031F |
9.3 Grenada HVAC Insulation Market Opportunity Assessment, By End Use, 2021 & 2031F |
9.4 Grenada HVAC Insulation Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada HVAC Insulation Market - Competitive Landscape |
10.1 Grenada HVAC Insulation Market Revenue Share, By Companies, 2024 |
10.2 Grenada HVAC Insulation 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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