| Product Code: ETC10412134 | 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 heavily rely on imports of refrigeration compressors, with top exporting countries including the USA, Italy, Trinidad and Tobago, China, and the UAE. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, potentially posing challenges for competition. Despite a strong compound annual growth rate (CAGR) of 13.1% from 2020 to 2024, the negative growth rate of -14.31% in 2024 suggests a recent slowdown. It will be important for stakeholders to closely monitor market dynamics and adapt strategies to navigate these fluctuations effectively.
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 Refrigeration Compressors Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Refrigeration Compressors Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Refrigeration Compressors Market - Industry Life Cycle |
3.4 Grenada Refrigeration Compressors Market - Porter's Five Forces |
3.5 Grenada Refrigeration Compressors Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Refrigeration Compressors Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 Grenada Refrigeration Compressors Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Grenada Refrigeration Compressors Market Revenues & Volume Share, By End-Use, 2021 & 2031F |
4 Grenada Refrigeration Compressors Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient refrigeration solutions |
4.2.2 Growth in the food and beverage industry in Grenada |
4.2.3 Technological advancements leading to more efficient and reliable refrigeration compressors |
4.3 Market Restraints |
4.3.1 High initial investment costs for purchasing refrigeration compressors |
4.3.2 Limited awareness and adoption of advanced refrigeration technologies in Grenada |
4.3.3 Fluctuating raw material prices impacting the manufacturing costs of compressors |
5 Grenada Refrigeration Compressors Market Trends |
6 Grenada Refrigeration Compressors Market, By Types |
6.1 Grenada Refrigeration Compressors Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Refrigeration Compressors Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Grenada Refrigeration Compressors Market Revenues & Volume, By Reciprocating Compressors, 2021 - 2031F |
6.1.4 Grenada Refrigeration Compressors Market Revenues & Volume, By Scroll Compressors, 2021 - 2031F |
6.1.5 Grenada Refrigeration Compressors Market Revenues & Volume, By Rotary Compressors, 2021 - 2031F |
6.1.6 Grenada Refrigeration Compressors Market Revenues & Volume, By Screw Compressors, 2021 - 2031F |
6.1.7 Grenada Refrigeration Compressors Market Revenues & Volume, By Centrifugal Compressors, 2021 - 2031F |
6.2 Grenada Refrigeration Compressors Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Grenada Refrigeration Compressors Market Revenues & Volume, By Open-Type, 2021 - 2031F |
6.2.3 Grenada Refrigeration Compressors Market Revenues & Volume, By Semi-Hermetic, 2021 - 2031F |
6.2.4 Grenada Refrigeration Compressors Market Revenues & Volume, By Hermetic, 2021 - 2031F |
6.2.5 Grenada Refrigeration Compressors Market Revenues & Volume, By Oil-Free, 2021 - 2031F |
6.2.6 Grenada Refrigeration Compressors Market Revenues & Volume, By Magnetic Bearing, 2021 - 2031F |
6.3 Grenada Refrigeration Compressors Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Grenada Refrigeration Compressors Market Revenues & Volume, By Industrial Freezers, 2021 - 2031F |
6.3.3 Grenada Refrigeration Compressors Market Revenues & Volume, By Commercial Chillers, 2021 - 2031F |
6.3.4 Grenada Refrigeration Compressors Market Revenues & Volume, By Air Conditioning, 2021 - 2031F |
6.3.5 Grenada Refrigeration Compressors Market Revenues & Volume, By Refrigerated Warehousing, 2021 - 2031F |
6.3.6 Grenada Refrigeration Compressors Market Revenues & Volume, By Medical Cooling, 2021 - 2031F |
6.4 Grenada Refrigeration Compressors Market, By End-Use |
6.4.1 Overview and Analysis |
6.4.2 Grenada Refrigeration Compressors Market Revenues & Volume, By Food Processing, 2021 - 2031F |
6.4.3 Grenada Refrigeration Compressors Market Revenues & Volume, By Supermarkets, 2021 - 2031F |
6.4.4 Grenada Refrigeration Compressors Market Revenues & Volume, By HVAC Systems, 2021 - 2031F |
6.4.5 Grenada Refrigeration Compressors Market Revenues & Volume, By Logistics, 2021 - 2031F |
6.4.6 Grenada Refrigeration Compressors Market Revenues & Volume, By Healthcare, 2021 - 2031F |
7 Grenada Refrigeration Compressors Market Import-Export Trade Statistics |
7.1 Grenada Refrigeration Compressors Market Export to Major Countries |
7.2 Grenada Refrigeration Compressors Market Imports from Major Countries |
8 Grenada Refrigeration Compressors Market Key Performance Indicators |
8.1 Energy efficiency rating of refrigeration compressors in Grenada |
8.2 Adoption rate of eco-friendly refrigerants in refrigeration compressors |
8.3 Maintenance frequency and downtime of refrigeration compressors in Grenada |
8.4 Average lifespan of refrigeration compressors in Grenada |
8.5 Number of new product innovations in the refrigeration compressor market |
9 Grenada Refrigeration Compressors Market - Opportunity Assessment |
9.1 Grenada Refrigeration Compressors Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Refrigeration Compressors Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 Grenada Refrigeration Compressors Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Grenada Refrigeration Compressors Market Opportunity Assessment, By End-Use, 2021 & 2031F |
10 Grenada Refrigeration Compressors Market - Competitive Landscape |
10.1 Grenada Refrigeration Compressors Market Revenue Share, By Companies, 2024 |
10.2 Grenada Refrigeration Compressors 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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