| Product Code: ETC5601980 | 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 significant increase in smoke detector import shipments, with top suppliers being the USA, Barbados, China, Trinidad and Tobago, and Ireland. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. The compound annual growth rate (CAGR) from 2020 to 2024 was strong at 14.77%, with a notable growth rate of 48.09% from 2023 to 2024. This data suggests a growing demand for smoke detectors in Grenada, with key suppliers vying for market share in this sector.
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 Smoke Detector Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Smoke Detector Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Smoke Detector Market - Industry Life Cycle |
3.4 Grenada Smoke Detector Market - Porter's Five Forces |
3.5 Grenada Smoke Detector Market Revenues & Volume Share, By Power Source , 2021 & 2031F |
3.6 Grenada Smoke Detector Market Revenues & Volume Share, By Type , 2021 & 2031F |
3.7 Grenada Smoke Detector Market Revenues & Volume Share, By End-Use Industry, 2021 & 2031F |
3.8 Grenada Smoke Detector Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
3.9 Grenada Smoke Detector Market Revenues & Volume Share, By Service, 2021 & 2031F |
4 Grenada Smoke Detector Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about fire safety and the importance of smoke detectors in Grenada |
4.2.2 Implementation of stringent safety regulations and building codes requiring the installation of smoke detectors |
4.2.3 Growing construction and real estate industry in Grenada leading to an increase in residential and commercial buildings |
4.3 Market Restraints |
4.3.1 High initial cost associated with purchasing and installing smoke detectors |
4.3.2 Lack of awareness or education about the importance of smoke detectors in some segments of the population in Grenada |
4.3.3 Limited availability of technologically advanced and reliable smoke detectors in the local market |
5 Grenada Smoke Detector Market Trends |
6 Grenada Smoke Detector Market Segmentations |
6.1 Grenada Smoke Detector Market, By Power Source |
6.1.1 Overview and Analysis |
6.1.2 Grenada Smoke Detector Market Revenues & Volume, By Battery-Powered, 2021-2031F |
6.1.3 Grenada Smoke Detector Market Revenues & Volume, By Hardwired with battery backup, 2021-2031F |
6.1.4 Grenada Smoke Detector Market Revenues & Volume, By Hardwired without battery backup, 2021-2031F |
6.2 Grenada Smoke Detector Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Grenada Smoke Detector Market Revenues & Volume, By Photoelectric Smoke Detectors, 2021-2031F |
6.2.3 Grenada Smoke Detector Market Revenues & Volume, By Ionization Smoke Detectors, 2021-2031F |
6.2.4 Grenada Smoke Detector Market Revenues & Volume, By Dual-Sensor Smoke Detectors, 2021-2031F |
6.2.5 Grenada Smoke Detector Market Revenues & Volume, By Beam Smoke Detectors, 2021-2031F |
6.2.6 Grenada Smoke Detector Market Revenues & Volume, By Other Types, 2021-2031F |
6.3 Grenada Smoke Detector Market, By End-Use Industry |
6.3.1 Overview and Analysis |
6.3.2 Grenada Smoke Detector Market Revenues & Volume, By Commercial, 2021-2031F |
6.3.3 Grenada Smoke Detector Market Revenues & Volume, By Residential, 2021-2031F |
6.3.4 Grenada Smoke Detector Market Revenues & Volume, By Manufacturing, 2021-2031F |
6.3.5 Grenada Smoke Detector Market Revenues & Volume, By Oil, Gas, & Mining, 2021-2031F |
6.3.6 Grenada Smoke Detector Market Revenues & Volume, By Transportation & Logistics, 2021-2031F |
6.3.7 Grenada Smoke Detector Market Revenues & Volume, By Telecommunications, 2021-2031F |
6.4 Grenada Smoke Detector Market, By Distribution Channel |
6.4.1 Overview and Analysis |
6.4.2 Grenada Smoke Detector Market Revenues & Volume, By Online, 2021-2031F |
6.4.3 Grenada Smoke Detector Market Revenues & Volume, By Offline, 2021-2031F |
6.5 Grenada Smoke Detector Market, By Service |
6.5.1 Overview and Analysis |
6.5.2 Grenada Smoke Detector Market Revenues & Volume, By Engineering Services, 2021-2031F |
6.5.3 Grenada Smoke Detector Market Revenues & Volume, By Installation & Design Services, 2021-2031F |
6.5.4 Grenada Smoke Detector Market Revenues & Volume, By Maintenance Services, 2021-2031F |
6.5.5 Grenada Smoke Detector Market Revenues & Volume, By Managed Services, 2021-2031F |
6.5.6 Grenada Smoke Detector Market Revenues & Volume, By Other Services, 2021-2031F |
7 Grenada Smoke Detector Market Import-Export Trade Statistics |
7.1 Grenada Smoke Detector Market Export to Major Countries |
7.2 Grenada Smoke Detector Market Imports from Major Countries |
8 Grenada Smoke Detector Market Key Performance Indicators |
8.1 Percentage increase in the number of buildings equipped with smoke detectors annually |
8.2 Number of fire incidents reported in buildings without smoke detectors |
8.3 Rate of compliance with safety regulations mandating smoke detector installation in new constructions |
9 Grenada Smoke Detector Market - Opportunity Assessment |
9.1 Grenada Smoke Detector Market Opportunity Assessment, By Power Source , 2021 & 2031F |
9.2 Grenada Smoke Detector Market Opportunity Assessment, By Type , 2021 & 2031F |
9.3 Grenada Smoke Detector Market Opportunity Assessment, By End-Use Industry, 2021 & 2031F |
9.4 Grenada Smoke Detector Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
9.5 Grenada Smoke Detector Market Opportunity Assessment, By Service, 2021 & 2031F |
10 Grenada Smoke Detector Market - Competitive Landscape |
10.1 Grenada Smoke Detector Market Revenue Share, By Companies, 2024 |
10.2 Grenada Smoke Detector 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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