| Product Code: ETC5577508 | 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 |
The Grenada smart appliances import market experienced a significant increase in concentration in 2024, with top exporting countries being the USA, UK, Germany, Panama, and China. This high concentration indicates a competitive market dominated by key players. The impressive compound annual growth rate (CAGR) of 22.67% from 2020 to 2024 demonstrates a strong demand for smart appliances in Grenada. Moreover, the growth rate of 19.57% from 2023 to 2024 suggests a continued upward trend in the import shipments of smart appliances, reflecting a growing consumer interest in advanced technology for home appliances.
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 Smart Appliances Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Smart Appliances Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Smart Appliances Market - Industry Life Cycle |
3.4 Grenada Smart Appliances Market - Porter's Five Forces |
3.5 Grenada Smart Appliances Market Revenues & Volume Share, By Products , 2021 & 2031F |
3.6 Grenada Smart Appliances Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 Grenada Smart Appliances Market Revenues & Volume Share, By Sales Channel, 2021 & 2031F |
3.8 Grenada Smart Appliances Market Revenues & Volume Share, By End-User Industry, 2021 & 2031F |
4 Grenada Smart Appliances Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about energy efficiency and sustainability among consumers in Grenada |
4.2.2 Government initiatives and incentives to promote the adoption of smart appliances |
4.2.3 Growing trend of smart home technology integration in Grenada households |
4.3 Market Restraints |
4.3.1 High initial cost of smart appliances compared to traditional appliances |
4.3.2 Limited availability of smart appliances in the Grenada market |
4.3.3 Concerns regarding data privacy and security with smart appliances |
5 Grenada Smart Appliances Market Trends |
6 Grenada Smart Appliances Market Segmentations |
6.1 Grenada Smart Appliances Market, By Products |
6.1.1 Overview and Analysis |
6.1.2 Grenada Smart Appliances Market Revenues & Volume, By Smart Washers, 2021-2031F |
6.1.3 Grenada Smart Appliances Market Revenues & Volume, By Smart Dryers, 2021-2031F |
6.1.4 Grenada Smart Appliances Market Revenues & Volume, By Smart Air Conditioners, 2021-2031F |
6.1.5 Grenada Smart Appliances Market Revenues & Volume, By Smart Water Heaters, 2021-2031F |
6.1.6 Grenada Smart Appliances Market Revenues & Volume, By Smart Lighting Devices, 2021-2031F |
6.1.7 Grenada Smart Appliances Market Revenues & Volume, By Smart Security Devices, 2021-2031F |
6.1.9 Grenada Smart Appliances Market Revenues & Volume, By Smart Refrigerators, 2021-2031F |
6.1.10 Grenada Smart Appliances Market Revenues & Volume, By Smart Refrigerators, 2021-2031F |
6.2 Grenada Smart Appliances Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Grenada Smart Appliances Market Revenues & Volume, By Wi-Fi, 2021-2031F |
6.2.3 Grenada Smart Appliances Market Revenues & Volume, By Bluetooth, 2021-2031F |
6.2.4 Grenada Smart Appliances Market Revenues & Volume, By Near Field Communication (NFC), 2021-2031F |
6.2.5 Grenada Smart Appliances Market Revenues & Volume, By Others (ZigBee, RFID, EnOcean, Z-Wave and cellular Networks), 2021-2031F |
6.3 Grenada Smart Appliances Market, By Sales Channel |
6.3.1 Overview and Analysis |
6.3.2 Grenada Smart Appliances Market Revenues & Volume, By Indirect Sales Channel, 2021-2031F |
6.3.3 Grenada Smart Appliances Market Revenues & Volume, By Direct Sales Channel, 2021-2031F |
6.4 Grenada Smart Appliances Market, By End-User Industry |
6.4.1 Overview and Analysis |
6.4.2 Grenada Smart Appliances Market Revenues & Volume, By Residential, 2021-2031F |
6.4.3 Grenada Smart Appliances Market Revenues & Volume, By Commercial, 2021-2031F |
7 Grenada Smart Appliances Market Import-Export Trade Statistics |
7.1 Grenada Smart Appliances Market Export to Major Countries |
7.2 Grenada Smart Appliances Market Imports from Major Countries |
8 Grenada Smart Appliances Market Key Performance Indicators |
8.1 Energy savings achieved through the use of smart appliances |
8.2 Number of households adopting smart appliances in Grenada |
8.3 Rate of growth in the smart appliances market in Grenada |
9 Grenada Smart Appliances Market - Opportunity Assessment |
9.1 Grenada Smart Appliances Market Opportunity Assessment, By Products , 2021 & 2031F |
9.2 Grenada Smart Appliances Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 Grenada Smart Appliances Market Opportunity Assessment, By Sales Channel, 2021 & 2031F |
9.4 Grenada Smart Appliances Market Opportunity Assessment, By End-User Industry, 2021 & 2031F |
10 Grenada Smart Appliances Market - Competitive Landscape |
10.1 Grenada Smart Appliances Market Revenue Share, By Companies, 2024 |
10.2 Grenada Smart Appliances 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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