| Product Code: ETC5077846 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Despite a significant decline in the Compound Annual Growth Rate (CAGR) and a further decrease in the growth rate from 2023 to 2024, Grenada`s import of thermometers continues to be dominated by a few key exporting countries including the USA, Trinidad and Tobago, Germany, UK, and Netherlands. The high concentration of import shipments, as indicated by the Herfindahl-Hirschman Index (HHI), suggests a potential need for diversification and market expansion strategies in the future to mitigate risks associated with overreliance on a limited number of sources.
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 Thermometers Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Thermometers Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Thermometers Market - Industry Life Cycle |
3.4 Grenada Thermometers Market - Porter's Five Forces |
3.5 Grenada Thermometers Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Grenada Thermometers Market Revenues & Volume Share, By Application? , 2021 & 2031F |
4 Grenada Thermometers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about health and wellness leading to higher demand for thermometers |
4.2.2 Growing emphasis on accurate temperature monitoring in medical facilities and households |
4.2.3 Technological advancements in thermometer design and functionality |
4.3 Market Restraints |
4.3.1 Intense competition from established thermometer manufacturers |
4.3.2 Price volatility of raw materials used in thermometer production |
4.3.3 Regulatory hurdles related to product safety and accuracy standards |
5 Grenada Thermometers Market Trends |
6 Grenada Thermometers Market Segmentations |
6.1 Grenada Thermometers Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Grenada Thermometers Market Revenues & Volume, By Mercury-Based, 2021-2031F |
6.1.3 Grenada Thermometers Market Revenues & Volume, By Mercury-Free, 2021-2031F |
6.1.4 Grenada Thermometers Market Revenues & Volume, By Others, 2021-2031F |
6.2 Grenada Thermometers Market, By Application? |
6.2.1 Overview and Analysis |
6.2.2 Grenada Thermometers Market Revenues & Volume, By Medical, 2021-2031F |
6.2.3 Grenada Thermometers Market Revenues & Volume, By Industrial, 2021-2031F |
6.2.4 Grenada Thermometers Market Revenues & Volume, By Food, 2021-2031F |
6.2.5 Grenada Thermometers Market Revenues & Volume, By Laboratory, 2021-2031F |
6.2.6 Grenada Thermometers Market Revenues & Volume, By Others, 2021-2031F |
7 Grenada Thermometers Market Import-Export Trade Statistics |
7.1 Grenada Thermometers Market Export to Major Countries |
7.2 Grenada Thermometers Market Imports from Major Countries |
8 Grenada Thermometers Market Key Performance Indicators |
8.1 Rate of adoption of digital thermometers in Grenada |
8.2 Number of partnerships with healthcare providers for thermometer distribution |
8.3 Frequency of product innovations and introductions in the Grenada market |
9 Grenada Thermometers Market - Opportunity Assessment |
9.1 Grenada Thermometers Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Grenada Thermometers Market Opportunity Assessment, By Application? , 2021 & 2031F |
10 Grenada Thermometers Market - Competitive Landscape |
10.1 Grenada Thermometers Market Revenue Share, By Companies, 2024 |
10.2 Grenada Thermometers 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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