| Product Code: ETC10611238 | 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 HVAC pump imports from top exporting countries including the USA, Italy, China, Trinidad and Tobago, and the UAE. Despite high concentration with a high Herfindahl-Hirschman Index (HHI), the industry saw a strong compound annual growth rate (CAGR) of 14.46% from 2020 to 2024. However, there was a slight decline in growth rate from 2023 to 2024 at -8.99%, indicating potential challenges or shifts in the market dynamics for HVAC pump imports in 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 Pump Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada HVAC Pump Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada HVAC Pump Market - Industry Life Cycle |
3.4 Grenada HVAC Pump Market - Porter's Five Forces |
3.5 Grenada HVAC Pump Market Revenues & Volume Share, By Pump Type, 2021 & 2031F |
3.6 Grenada HVAC Pump Market Revenues & Volume Share, By Power Rating, 2021 & 2031F |
3.7 Grenada HVAC Pump Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Grenada HVAC Pump Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Grenada HVAC Pump Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient HVAC systems in Grenada |
4.2.2 Government initiatives promoting the use of renewable energy sources in heating and cooling systems |
4.2.3 Growth in construction activities and infrastructure development in Grenada |
4.3 Market Restraints |
4.3.1 High initial cost of HVAC pump installations |
4.3.2 Limited awareness about the benefits of energy-efficient HVAC pumps among consumers in Grenada |
4.3.3 Dependence on imports for technologically advanced HVAC pump systems |
5 Grenada HVAC Pump Market Trends |
6 Grenada HVAC Pump Market, By Types |
6.1 Grenada HVAC Pump Market, By Pump Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada HVAC Pump Market Revenues & Volume, By Pump Type, 2021 - 2031F |
6.1.3 Grenada HVAC Pump Market Revenues & Volume, By Centrifugal Pumps, 2021 - 2031F |
6.1.4 Grenada HVAC Pump Market Revenues & Volume, By Reciprocating Pumps, 2021 - 2031F |
6.1.5 Grenada HVAC Pump Market Revenues & Volume, By Rotary Pumps, 2021 - 2031F |
6.2 Grenada HVAC Pump Market, By Power Rating |
6.2.1 Overview and Analysis |
6.2.2 Grenada HVAC Pump Market Revenues & Volume, By Below 5 HP, 2021 - 2031F |
6.2.3 Grenada HVAC Pump Market Revenues & Volume, By 5-15 HP, 2021 - 2031F |
6.2.4 Grenada HVAC Pump Market Revenues & Volume, By Above 15 HP, 2021 - 2031F |
6.3 Grenada HVAC Pump Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Grenada HVAC Pump Market Revenues & Volume, By Chilled Water Systems, 2021 - 2031F |
6.3.3 Grenada HVAC Pump Market Revenues & Volume, By Condensers, 2021 - 2031F |
6.3.4 Grenada HVAC Pump Market Revenues & Volume, By Cooling Towers, 2021 - 2031F |
6.4 Grenada HVAC Pump Market, By End Use |
6.4.1 Overview and Analysis |
6.4.2 Grenada HVAC Pump Market Revenues & Volume, By Residential, 2021 - 2031F |
6.4.3 Grenada HVAC Pump Market Revenues & Volume, By Commercial, 2021 - 2031F |
6.4.4 Grenada HVAC Pump Market Revenues & Volume, By Industrial, 2021 - 2031F |
7 Grenada HVAC Pump Market Import-Export Trade Statistics |
7.1 Grenada HVAC Pump Market Export to Major Countries |
7.2 Grenada HVAC Pump Market Imports from Major Countries |
8 Grenada HVAC Pump Market Key Performance Indicators |
8.1 Energy consumption reduction rate due to the adoption of energy-efficient HVAC pumps |
8.2 Number of government incentives or subsidies provided for the installation of energy-efficient HVAC pumps |
8.3 Percentage increase in the adoption of renewable energy sources in HVAC systems in Grenada |
9 Grenada HVAC Pump Market - Opportunity Assessment |
9.1 Grenada HVAC Pump Market Opportunity Assessment, By Pump Type, 2021 & 2031F |
9.2 Grenada HVAC Pump Market Opportunity Assessment, By Power Rating, 2021 & 2031F |
9.3 Grenada HVAC Pump Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Grenada HVAC Pump Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Grenada HVAC Pump Market - Competitive Landscape |
10.1 Grenada HVAC Pump Market Revenue Share, By Companies, 2024 |
10.2 Grenada HVAC 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.
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