| Product Code: ETC7382208 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The import shipments of tankless water heaters to Grenada in 2024 continued to be dominated by top exporting countries such as the USA, Brazil, UK, Trinidad and Tobago, and Puerto Rico. The high Herfindahl-Hirschman Index (HHI) in 2023 indicated a very concentrated market, which persisted into 2024. However, the negative Compound Annual Growth Rate (CAGR) from 2020 to 2024 suggests a slight decline in overall market size. The sharp decline in growth rate from 2023 to 2024 at -20.38% indicates a challenging year for tankless water heater imports to Grenada.
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 Tankless Water Heater Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Tankless Water Heater Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Tankless Water Heater Market - Industry Life Cycle |
3.4 Grenada Tankless Water Heater Market - Porter's Five Forces |
3.5 Grenada Tankless Water Heater Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Tankless Water Heater Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Tankless Water Heater Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about energy efficiency and cost savings associated with tankless water heaters |
4.2.2 Growing demand for compact and space-saving home appliances in urban areas |
4.2.3 Government initiatives promoting the adoption of energy-efficient technologies in residential buildings |
4.3 Market Restraints |
4.3.1 High initial cost of tankless water heaters compared to traditional water heaters |
4.3.2 Limited availability of skilled technicians for installation and maintenance of tankless water heaters |
4.3.3 Concerns about inconsistent water temperature and flow rate in some models of tankless water heaters |
5 Grenada Tankless Water Heater Market Trends |
6 Grenada Tankless Water Heater Market, By Types |
6.1 Grenada Tankless Water Heater Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Tankless Water Heater Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Grenada Tankless Water Heater Market Revenues & Volume, By Whole-House, 2021- 2031F |
6.1.4 Grenada Tankless Water Heater Market Revenues & Volume, By Point-of-Use, 2021- 2031F |
6.2 Grenada Tankless Water Heater Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Tankless Water Heater Market Revenues & Volume, By Residential, 2021- 2031F |
6.2.3 Grenada Tankless Water Heater Market Revenues & Volume, By Commercial, 2021- 2031F |
7 Grenada Tankless Water Heater Market Import-Export Trade Statistics |
7.1 Grenada Tankless Water Heater Market Export to Major Countries |
7.2 Grenada Tankless Water Heater Market Imports from Major Countries |
8 Grenada Tankless Water Heater Market Key Performance Indicators |
8.1 Average annual energy savings per household after switching to a tankless water heater |
8.2 Number of new residential constructions opting for tankless water heaters as the primary water heating system |
8.3 Percentage increase in the number of tankless water heater installations by accredited professionals over the previous year |
9 Grenada Tankless Water Heater Market - Opportunity Assessment |
9.1 Grenada Tankless Water Heater Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Tankless Water Heater Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Tankless Water Heater Market - Competitive Landscape |
10.1 Grenada Tankless Water Heater Market Revenue Share, By Companies, 2024 |
10.2 Grenada Tankless Water Heater Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |