| Product Code: ETC5699469 | 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 continued to see significant import shipments of transcritical CO2 systems, with the top countries exporting being the USA, Trinidad and Tobago, UAE, UK, and Hong Kong. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. Despite a strong compound annual growth rate (CAGR) of 31.29% from 2020 to 2024, there was a slight downturn in growth from 2023 to 2024 at -9.07%. This data suggests a competitive market landscape with potential shifts in trade dynamics impacting the import of transcritical CO2 systems in 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 Transcritical CO2 Systems Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Transcritical CO2 Systems Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Transcritical CO2 Systems Market - Industry Life Cycle |
3.4 Grenada Transcritical CO2 Systems Market - Porter's Five Forces |
3.5 Grenada Transcritical CO2 Systems Market Revenues & Volume Share, By Function, 2021 & 2031F |
3.6 Grenada Transcritical CO2 Systems Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Transcritical CO2 Systems Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about environmental sustainability and the need for eco-friendly refrigeration solutions |
4.2.2 Government regulations promoting the use of natural refrigerants to reduce greenhouse gas emissions |
4.2.3 Growing demand for energy-efficient cooling systems in commercial and industrial sectors |
4.3 Market Restraints |
4.3.1 High initial investment cost associated with transcritical CO2 systems compared to conventional refrigeration systems |
4.3.2 Lack of skilled workforce to install and maintain transcritical CO2 systems |
4.3.3 Limited availability of components and infrastructure for transcritical CO2 systems in the market |
5 Grenada Transcritical CO2 Systems Market Trends |
6 Grenada Transcritical CO2 Systems Market Segmentations |
6.1 Grenada Transcritical CO2 Systems Market, By Function |
6.1.1 Overview and Analysis |
6.1.2 Grenada Transcritical CO2 Systems Market Revenues & Volume, By Refrigeration, 2021-2031F |
6.1.3 Grenada Transcritical CO2 Systems Market Revenues & Volume, By Heating, 2021-2031F |
6.1.4 Grenada Transcritical CO2 Systems Market Revenues & Volume, By Air Conditioning, 2021-2031F |
6.2 Grenada Transcritical CO2 Systems Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Transcritical CO2 Systems Market Revenues & Volume, By Supermarkets , 2021-2031F |
6.2.3 Grenada Transcritical CO2 Systems Market Revenues & Volume, By Convenience Stores, 2021-2031F |
6.2.4 Grenada Transcritical CO2 Systems Market Revenues & Volume, By Heat Pumps, 2021-2031F |
6.2.5 Grenada Transcritical CO2 Systems Market Revenues & Volume, By Food Processing & Storage Facilities, 2021-2031F |
6.2.6 Grenada Transcritical CO2 Systems Market Revenues & Volume, By Ice Skating Rinks, 2021-2031F |
7 Grenada Transcritical CO2 Systems Market Import-Export Trade Statistics |
7.1 Grenada Transcritical CO2 Systems Market Export to Major Countries |
7.2 Grenada Transcritical CO2 Systems Market Imports from Major Countries |
8 Grenada Transcritical CO2 Systems Market Key Performance Indicators |
8.1 Energy efficiency ratio (EER) of transcritical CO2 systems |
8.2 Number of training programs or certifications for transcritical CO2 system installation and maintenance |
8.3 Adoption rate of transcritical CO2 systems in key industries such as supermarkets, cold storage facilities, and food processing plants |
9 Grenada Transcritical CO2 Systems Market - Opportunity Assessment |
9.1 Grenada Transcritical CO2 Systems Market Opportunity Assessment, By Function, 2021 & 2031F |
9.2 Grenada Transcritical CO2 Systems Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Transcritical CO2 Systems Market - Competitive Landscape |
10.1 Grenada Transcritical CO2 Systems Market Revenue Share, By Companies, 2024 |
10.2 Grenada Transcritical CO2 Systems 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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