| Product Code: ETC10252582 | 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 see a strong demand for radiant electric floor heating import shipments, with top exporting countries including Panama, USA, Brazil, UK, and Trinidad and Tobago. The market remained highly concentrated, as indicated by the high Herfindahl-Hirschman Index (HHI). The compound annual growth rate (CAGR) from 2020 to 2024 stood at a healthy 5.92%, showcasing steady expansion. Notably, the impressive growth rate of 68.69% from 2023 to 2024 suggests a significant uptick in demand for this product category 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 Radiant Electric Floor Heating Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Radiant Electric Floor Heating Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Radiant Electric Floor Heating Market - Industry Life Cycle |
3.4 Grenada Radiant Electric Floor Heating Market - Porter's Five Forces |
3.5 Grenada Radiant Electric Floor Heating Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Radiant Electric Floor Heating Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Grenada Radiant Electric Floor Heating Market Revenues & Volume Share, By Heating Element, 2021 & 2031F |
3.8 Grenada Radiant Electric Floor Heating Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Grenada Radiant Electric Floor Heating Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient heating solutions in residential and commercial buildings |
4.2.2 Growing awareness about the benefits of radiant electric floor heating systems in terms of comfort and energy savings |
4.3 Market Restraints |
4.3.1 High initial installation costs of radiant electric floor heating systems |
4.3.2 Limited availability of skilled installers and contractors specializing in radiant electric floor heating systems |
5 Grenada Radiant Electric Floor Heating Market Trends |
6 Grenada Radiant Electric Floor Heating Market, By Types |
6.1 Grenada Radiant Electric Floor Heating Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Radiant Electric Floor Heating Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Grenada Radiant Electric Floor Heating Market Revenues & Volume, By Hydronic, 2021 - 2031F |
6.1.4 Grenada Radiant Electric Floor Heating Market Revenues & Volume, By Electric, 2021 - 2031F |
6.1.5 Grenada Radiant Electric Floor Heating Market Revenues & Volume, By Air-Heated, 2021 - 2031F |
6.1.6 Grenada Radiant Electric Floor Heating Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 Grenada Radiant Electric Floor Heating Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Radiant Electric Floor Heating Market Revenues & Volume, By Residential, 2021 - 2031F |
6.2.3 Grenada Radiant Electric Floor Heating Market Revenues & Volume, By Commercial, 2021 - 2031F |
6.2.4 Grenada Radiant Electric Floor Heating Market Revenues & Volume, By Industrial, 2021 - 2031F |
6.2.5 Grenada Radiant Electric Floor Heating Market Revenues & Volume, By Institutional, 2021 - 2031F |
6.3 Grenada Radiant Electric Floor Heating Market, By Heating Element |
6.3.1 Overview and Analysis |
6.3.2 Grenada Radiant Electric Floor Heating Market Revenues & Volume, By Heating Cables, 2021 - 2031F |
6.3.3 Grenada Radiant Electric Floor Heating Market Revenues & Volume, By Heating Mats, 2021 - 2031F |
6.3.4 Grenada Radiant Electric Floor Heating Market Revenues & Volume, By PTC Heating Film, 2021 - 2031F |
6.3.5 Grenada Radiant Electric Floor Heating Market Revenues & Volume, By Carbon Heating Film, 2021 - 2031F |
6.4 Grenada Radiant Electric Floor Heating Market, By End Use |
6.4.1 Overview and Analysis |
6.4.2 Grenada Radiant Electric Floor Heating Market Revenues & Volume, By Homes, 2021 - 2031F |
6.4.3 Grenada Radiant Electric Floor Heating Market Revenues & Volume, By Apartments, 2021 - 2031F |
6.4.4 Grenada Radiant Electric Floor Heating Market Revenues & Volume, By Office Buildings, 2021 - 2031F |
6.4.5 Grenada Radiant Electric Floor Heating Market Revenues & Volume, By Hotels & Hospitality, 2021 - 2031F |
7 Grenada Radiant Electric Floor Heating Market Import-Export Trade Statistics |
7.1 Grenada Radiant Electric Floor Heating Market Export to Major Countries |
7.2 Grenada Radiant Electric Floor Heating Market Imports from Major Countries |
8 Grenada Radiant Electric Floor Heating Market Key Performance Indicators |
8.1 Average energy consumption reduction achieved by using radiant electric floor heating systems |
8.2 Number of new construction projects opting for radiant electric floor heating systems |
8.3 Percentage increase in retrofit installations of radiant electric floor heating systems in existing buildings |
9 Grenada Radiant Electric Floor Heating Market - Opportunity Assessment |
9.1 Grenada Radiant Electric Floor Heating Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Radiant Electric Floor Heating Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Grenada Radiant Electric Floor Heating Market Opportunity Assessment, By Heating Element, 2021 & 2031F |
9.4 Grenada Radiant Electric Floor Heating Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Grenada Radiant Electric Floor Heating Market - Competitive Landscape |
10.1 Grenada Radiant Electric Floor Heating Market Revenue Share, By Companies, 2024 |
10.2 Grenada Radiant Electric Floor 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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