| Product Code: ETC10423654 | Publication Date: Apr 2025 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 | |
In 2024, Grenada continued to import a significant amount of residential HVAC systems, with the USA, China, Jamaica, Trinidad and Tobago, and the UK being the top exporting countries. The market saw a sharp increase in concentration levels, indicating a highly competitive landscape. Despite a negative growth rate in 2024, the compound annual growth rate from 2020 to 2024 remained strong at 8.56%. These trends suggest a dynamic market environment with potential opportunities and challenges for both domestic and international HVAC system suppliers looking to tap into Grenada`s market.
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 Residential HVAC Systems Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Residential HVAC Systems Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Residential HVAC Systems Market - Industry Life Cycle |
3.4 Grenada Residential HVAC Systems Market - Porter's Five Forces |
3.5 Grenada Residential HVAC Systems Market Revenues & Volume Share, By System Type, 2021 & 2031F |
3.6 Grenada Residential HVAC Systems Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 Grenada Residential HVAC Systems Market Revenues & Volume Share, By Efficiency Rating, 2021 & 2031F |
3.8 Grenada Residential HVAC Systems Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.9 Grenada Residential HVAC Systems Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Grenada Residential HVAC Systems Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Residential HVAC Systems Market Trends |
6 Grenada Residential HVAC Systems Market, By Types |
6.1 Grenada Residential HVAC Systems Market, By System Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Residential HVAC Systems Market Revenues & Volume, By System Type, 2021 - 2031F |
6.1.3 Grenada Residential HVAC Systems Market Revenues & Volume, By Heat Pump, 2021 - 2031F |
6.1.4 Grenada Residential HVAC Systems Market Revenues & Volume, By Ducted Split AC, 2021 - 2031F |
6.1.5 Grenada Residential HVAC Systems Market Revenues & Volume, By Packaged AC Unit, 2021 - 2031F |
6.2 Grenada Residential HVAC Systems Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Grenada Residential HVAC Systems Market Revenues & Volume, By Geothermal, 2021 - 2031F |
6.2.3 Grenada Residential HVAC Systems Market Revenues & Volume, By Inverter, 2021 - 2031F |
6.2.4 Grenada Residential HVAC Systems Market Revenues & Volume, By VRF System, 2021 - 2031F |
6.3 Grenada Residential HVAC Systems Market, By Efficiency Rating |
6.3.1 Overview and Analysis |
6.3.2 Grenada Residential HVAC Systems Market Revenues & Volume, By SEER 16+, 2021 - 2031F |
6.3.3 Grenada Residential HVAC Systems Market Revenues & Volume, By SEER 14“16, 2021 - 2031F |
6.3.4 Grenada Residential HVAC Systems Market Revenues & Volume, By SEER Below 14, 2021 - 2031F |
6.4 Grenada Residential HVAC Systems Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Grenada Residential HVAC Systems Market Revenues & Volume, By Smart Homes, 2021 - 2031F |
6.4.3 Grenada Residential HVAC Systems Market Revenues & Volume, By Large Houses, 2021 - 2031F |
6.4.4 Grenada Residential HVAC Systems Market Revenues & Volume, By Small Homes, 2021 - 2031F |
6.5 Grenada Residential HVAC Systems Market, By End Use |
6.5.1 Overview and Analysis |
6.5.2 Grenada Residential HVAC Systems Market Revenues & Volume, By Individual, 2021 - 2031F |
6.5.3 Grenada Residential HVAC Systems Market Revenues & Volume, By Apartments, 2021 - 2031F |
6.5.4 Grenada Residential HVAC Systems Market Revenues & Volume, By Villas, 2021 - 2031F |
7 Grenada Residential HVAC Systems Market Import-Export Trade Statistics |
7.1 Grenada Residential HVAC Systems Market Export to Major Countries |
7.2 Grenada Residential HVAC Systems Market Imports from Major Countries |
8 Grenada Residential HVAC Systems Market Key Performance Indicators |
9 Grenada Residential HVAC Systems Market - Opportunity Assessment |
9.1 Grenada Residential HVAC Systems Market Opportunity Assessment, By System Type, 2021 & 2031F |
9.2 Grenada Residential HVAC Systems Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 Grenada Residential HVAC Systems Market Opportunity Assessment, By Efficiency Rating, 2021 & 2031F |
9.4 Grenada Residential HVAC Systems Market Opportunity Assessment, By Application, 2021 & 2031F |
9.5 Grenada Residential HVAC Systems Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Grenada Residential HVAC Systems Market - Competitive Landscape |
10.1 Grenada Residential HVAC Systems Market Revenue Share, By Companies, 2024 |
10.2 Grenada Residential HVAC Systems 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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