| Product Code: ETC5590675 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Grenada saw a surge in personal cooling device imports with key suppliers being the USA, UK, Jamaica, Trinidad and Tobago, and Panama. The high Herfindahl-Hirschman Index (HHI) concentration indicates a competitive market landscape. The impressive compound annual growth rate (CAGR) of 31.33% from 2020 to 2024 highlights the increasing demand for personal cooling devices in Grenada. Moreover, the remarkable growth rate of 85.23% from 2023 to 2024 suggests a rapid expansion of the market, presenting opportunities for both buyers and suppliers in the industry.
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 Personal Cooling Device Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Personal Cooling Device Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Personal Cooling Device Market - Industry Life Cycle |
3.4 Grenada Personal Cooling Device Market - Porter's Five Forces |
3.5 Grenada Personal Cooling Device Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.6 Grenada Personal Cooling Device Market Revenues & Volume Share, By Product Type , 2021 & 2031F |
4 Grenada Personal Cooling Device Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about the health benefits of personal cooling devices |
4.2.2 Rising temperatures and heatwaves in Grenada |
4.2.3 Growing demand for portable and wearable cooling solutions |
4.3 Market Restraints |
4.3.1 High initial cost of personal cooling devices |
4.3.2 Limited availability of advanced cooling technologies in the Grenada market |
5 Grenada Personal Cooling Device Market Trends |
6 Grenada Personal Cooling Device Market Segmentations |
6.1 Grenada Personal Cooling Device Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 Grenada Personal Cooling Device Market Revenues & Volume, By Ambient Air, 2021-2031F |
6.2 Grenada Personal Cooling Device Market, By Product Type |
6.2.1 Overview and Analysis |
6.2.2 Grenada Personal Cooling Device Market Revenues & Volume, By Personal Air Conditioner/ Desk Fans, 2021-2031F |
6.2.3 Grenada Personal Cooling Device Market Revenues & Volume, By Handheld Cooling Device, 2021-2031F |
7 Grenada Personal Cooling Device Market Import-Export Trade Statistics |
7.1 Grenada Personal Cooling Device Market Export to Major Countries |
7.2 Grenada Personal Cooling Device Market Imports from Major Countries |
8 Grenada Personal Cooling Device Market Key Performance Indicators |
8.1 Consumer adoption rate of personal cooling devices in Grenada |
8.2 Number of new product innovations and technological advancements in the market |
8.3 Percentage increase in the usage of personal cooling devices during peak summer months |
9 Grenada Personal Cooling Device Market - Opportunity Assessment |
9.1 Grenada Personal Cooling Device Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.2 Grenada Personal Cooling Device Market Opportunity Assessment, By Product Type , 2021 & 2031F |
10 Grenada Personal Cooling Device Market - Competitive Landscape |
10.1 Grenada Personal Cooling Device Market Revenue Share, By Companies, 2024 |
10.2 Grenada Personal Cooling Device 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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