| Product Code: ETC7376917 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Grenada continued to see a significant influx of outdoor heating imports, with top exporting countries being the USA, UK, Metropolitan France, Guyana, and Trinidad and Tobago. Despite a slight dip in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) for the period of 2020-24 remained strong at 18.84%. The high Herfindahl-Hirschman Index (HHI) concentration indicates a competitive market landscape for outdoor heating products in Grenada, with opportunities for continued growth and market expansion.
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 Outdoor Heating Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Outdoor Heating Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Outdoor Heating Market - Industry Life Cycle |
3.4 Grenada Outdoor Heating Market - Porter's Five Forces |
3.5 Grenada Outdoor Heating Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Grenada Outdoor Heating Market Revenues & Volume Share, By Operation, 2021 & 2031F |
3.7 Grenada Outdoor Heating Market Revenues & Volume Share, By Price Category, 2021 & 2031F |
3.8 Grenada Outdoor Heating Market Revenues & Volume Share, By End-user, 2021 & 2031F |
3.9 Grenada Outdoor Heating Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Grenada Outdoor Heating Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing trend towards outdoor living spaces and entertainment areas |
4.2.2 Increasing demand for stylish and efficient outdoor heating solutions |
4.2.3 Rising consumer awareness about the benefits of spending time outdoors in cooler climates |
4.3 Market Restraints |
4.3.1 Seasonal nature of demand for outdoor heating products |
4.3.2 High initial cost of purchasing and installing outdoor heating systems |
4.3.3 Dependence on favorable weather conditions for outdoor activities |
5 Grenada Outdoor Heating Market Trends |
6 Grenada Outdoor Heating Market, By Types |
6.1 Grenada Outdoor Heating Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Outdoor Heating Market Revenues & Volume, By Product Type, 2021- 2031F |
6.1.3 Grenada Outdoor Heating Market Revenues & Volume, By Fire Based, 2021- 2031F |
6.1.4 Grenada Outdoor Heating Market Revenues & Volume, By Patio Heater, 2021- 2031F |
6.1.5 Grenada Outdoor Heating Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Grenada Outdoor Heating Market, By Operation |
6.2.1 Overview and Analysis |
6.2.2 Grenada Outdoor Heating Market Revenues & Volume, By Electric, 2021- 2031F |
6.2.3 Grenada Outdoor Heating Market Revenues & Volume, By Gas, 2021- 2031F |
6.2.4 Grenada Outdoor Heating Market Revenues & Volume, By Wood & Solid Fuel, 2021- 2031F |
6.3 Grenada Outdoor Heating Market, By Price Category |
6.3.1 Overview and Analysis |
6.3.2 Grenada Outdoor Heating Market Revenues & Volume, By Low, 2021- 2031F |
6.3.3 Grenada Outdoor Heating Market Revenues & Volume, By Medium, 2021- 2031F |
6.3.4 Grenada Outdoor Heating Market Revenues & Volume, By High, 2021- 2031F |
6.4 Grenada Outdoor Heating Market, By End-user |
6.4.1 Overview and Analysis |
6.4.2 Grenada Outdoor Heating Market Revenues & Volume, By Residential, 2021- 2031F |
6.4.3 Grenada Outdoor Heating Market Revenues & Volume, By Commercial, 2021- 2031F |
6.5 Grenada Outdoor Heating Market, By Distribution Channel |
6.5.1 Overview and Analysis |
6.5.2 Grenada Outdoor Heating Market Revenues & Volume, By Online, 2021- 2031F |
6.5.3 Grenada Outdoor Heating Market Revenues & Volume, By Offline, 2021- 2031F |
7 Grenada Outdoor Heating Market Import-Export Trade Statistics |
7.1 Grenada Outdoor Heating Market Export to Major Countries |
7.2 Grenada Outdoor Heating Market Imports from Major Countries |
8 Grenada Outdoor Heating Market Key Performance Indicators |
8.1 Average number of outdoor heating products sold per month |
8.2 Percentage increase in demand for energy-efficient outdoor heating solutions |
8.3 Number of new installations of outdoor heating systems in commercial establishments |
8.4 Customer satisfaction ratings for outdoor heating products and services |
8.5 Percentage of households with outdoor heating systems installed |
9 Grenada Outdoor Heating Market - Opportunity Assessment |
9.1 Grenada Outdoor Heating Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Grenada Outdoor Heating Market Opportunity Assessment, By Operation, 2021 & 2031F |
9.3 Grenada Outdoor Heating Market Opportunity Assessment, By Price Category, 2021 & 2031F |
9.4 Grenada Outdoor Heating Market Opportunity Assessment, By End-user, 2021 & 2031F |
9.5 Grenada Outdoor Heating Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Grenada Outdoor Heating Market - Competitive Landscape |
10.1 Grenada Outdoor Heating Market Revenue Share, By Companies, 2024 |
10.2 Grenada Outdoor Heating 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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