| Product Code: ETC5401169 | 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 shift in the import landscape for smart fans, with top exporting countries being the USA, Curaçao, UK, Panama, and Taiwan, Province of China. The High Herfindahl-Hirschman Index (HHI) concentration observed in 2023 decreased to a more moderate level in 2024, indicating a more balanced market. Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) from 2020 to 2024 remained impressive at 30.81%. This suggests a steady demand for smart fans in Grenada, with opportunities for further market expansion and diversification in the future.
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 Fan Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Smart Fan Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Smart Fan Market - Industry Life Cycle |
3.4 Grenada Smart Fan Market - Porter's Five Forces |
3.5 Grenada Smart Fan Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Smart Fan Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Grenada Smart Fan Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Grenada Smart Fan Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient appliances in Grenada |
4.2.2 Growing awareness about the benefits of smart home technology |
4.2.3 Government initiatives promoting energy conservation and sustainable living practices |
4.3 Market Restraints |
4.3.1 High initial costs associated with smart fan installation and setup |
4.3.2 Limited availability of skilled technicians for installation and maintenance |
4.3.3 Lack of widespread adoption of smart home technology in Grenada |
5 Grenada Smart Fan Market Trends |
6 Grenada Smart Fan Market Segmentations |
6.1 Grenada Smart Fan Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Smart Fan Market Revenues & Volume, By Wi-Fi, 2021-2031F |
6.1.3 Grenada Smart Fan Market Revenues & Volume, By Bluetooth, 2021-2031F |
6.1.4 Grenada Smart Fan Market Revenues & Volume, By Others, 2021-2031F |
6.2 Grenada Smart Fan Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Smart Fan Market Revenues & Volume, By Commercial, 2021-2031F |
6.2.3 Grenada Smart Fan Market Revenues & Volume, By Residential, 2021-2031F |
6.3 Grenada Smart Fan Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Grenada Smart Fan Market Revenues & Volume, By Offline Stores, 2021-2031F |
6.3.3 Grenada Smart Fan Market Revenues & Volume, By Online Stores, 2021-2031F |
7 Grenada Smart Fan Market Import-Export Trade Statistics |
7.1 Grenada Smart Fan Market Export to Major Countries |
7.2 Grenada Smart Fan Market Imports from Major Countries |
8 Grenada Smart Fan Market Key Performance Indicators |
8.1 Energy savings achieved by using smart fans |
8.2 Number of smart fan installations in residential and commercial buildings |
8.3 Customer satisfaction levels with smart fan performance and features |
9 Grenada Smart Fan Market - Opportunity Assessment |
9.1 Grenada Smart Fan Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Smart Fan Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Grenada Smart Fan Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Grenada Smart Fan Market - Competitive Landscape |
10.1 Grenada Smart Fan Market Revenue Share, By Companies, 2024 |
10.2 Grenada Smart Fan 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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