| Product Code: ETC5397179 | 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 underfloor heating import shipments, with top exporters being the USA, Panama, UK, China, and Brazil. The market exhibited a shift from high concentration in 2023 to a more moderate concentration in 2024, indicating a more diversified import market. The impressive Compound Annual Growth Rate (CAGR) of 15.38% from 2020 to 2024 highlights sustained growth, while the remarkable growth rate of 64.29% from 2023 to 2024 points towards a rapidly expanding market for underfloor heating 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 Underfloor Heating Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Underfloor Heating Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Underfloor Heating Market - Industry Life Cycle |
3.4 Grenada Underfloor Heating Market - Porter's Five Forces |
3.5 Grenada Underfloor Heating Market Revenues & Volume Share, By Offering, 2021 & 2031F |
3.6 Grenada Underfloor Heating Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7 Grenada Underfloor Heating Market Revenues & Volume Share, By Installation Type, 2021 & 2031F |
3.8 Grenada Underfloor Heating Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Underfloor Heating Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about energy efficiency and sustainability in Grenada |
4.2.2 Growing demand for luxury and comfort features in residential and commercial buildings |
4.2.3 Government initiatives promoting the use of energy-efficient heating solutions |
4.3 Market Restraints |
4.3.1 High initial installation costs associated with underfloor heating systems |
4.3.2 Limited availability of skilled professionals for installation and maintenance |
4.3.3 Lack of awareness about the benefits of underfloor heating among consumers in Grenada |
5 Grenada Underfloor Heating Market Trends |
6 Grenada Underfloor Heating Market Segmentations |
6.1 Grenada Underfloor Heating Market, By Offering |
6.1.1 Overview and Analysis |
6.1.2 Grenada Underfloor Heating Market Revenues & Volume, By Hardware, 2021-2031F |
6.1.3 Grenada Underfloor Heating Market Revenues & Volume, By Service, 2021-2031F |
6.2 Grenada Underfloor Heating Market, By Product Type |
6.2.1 Overview and Analysis |
6.2.2 Grenada Underfloor Heating Market Revenues & Volume, By Hydronic Underfloor Heating, 2021-2031F |
6.2.3 Grenada Underfloor Heating Market Revenues & Volume, By Heating Pipes, 2021-2031F |
6.2.4 Grenada Underfloor Heating Market Revenues & Volume, By Thermostats and Sensors, 2021-2031F |
6.2.5 Grenada Underfloor Heating Market Revenues & Volume, By Thermal Actuators, 2021-2031F |
6.2.6 Grenada Underfloor Heating Market Revenues & Volume, By Zone Valves, 2021-2031F |
6.2.7 Grenada Underfloor Heating Market Revenues & Volume, By Wiring Centers, 2021-2031F |
6.2.8 Grenada Underfloor Heating Market Revenues & Volume, By Electric Underfloor Heating, 2021-2031F |
6.2.9 Grenada Underfloor Heating Market Revenues & Volume, By Electric Underfloor Heating, 2021-2031F |
6.3 Grenada Underfloor Heating Market, By Installation Type |
6.3.1 Overview and Analysis |
6.3.2 Grenada Underfloor Heating Market Revenues & Volume, By New Installation, 2021-2031F |
6.3.3 Grenada Underfloor Heating Market Revenues & Volume, By Retrofit Installation, 2021-2031F |
6.4 Grenada Underfloor Heating Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Grenada Underfloor Heating Market Revenues & Volume, By Residential, 2021-2031F |
6.4.3 Grenada Underfloor Heating Market Revenues & Volume, By Commercial, 2021-2031F |
6.4.4 Grenada Underfloor Heating Market Revenues & Volume, By Industrial, 2021-2031F |
6.4.5 Grenada Underfloor Heating Market Revenues & Volume, By Healthcare, 2021-2031F |
6.4.6 Grenada Underfloor Heating Market Revenues & Volume, By Sports & Entertainment, 2021-2031F |
6.4.7 Grenada Underfloor Heating Market Revenues & Volume, By Others, 2021-2031F |
7 Grenada Underfloor Heating Market Import-Export Trade Statistics |
7.1 Grenada Underfloor Heating Market Export to Major Countries |
7.2 Grenada Underfloor Heating Market Imports from Major Countries |
8 Grenada Underfloor Heating Market Key Performance Indicators |
8.1 Average energy savings achieved by underfloor heating systems in Grenada |
8.2 Number of new residential and commercial construction projects incorporating underfloor heating |
8.3 Percentage increase in the adoption rate of underfloor heating systems in Grenada |
8.4 Average customer satisfaction rating with underfloor heating systems |
8.5 Number of training programs and certifications offered for underfloor heating installation and maintenance in Grenada |
9 Grenada Underfloor Heating Market - Opportunity Assessment |
9.1 Grenada Underfloor Heating Market Opportunity Assessment, By Offering, 2021 & 2031F |
9.2 Grenada Underfloor Heating Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.3 Grenada Underfloor Heating Market Opportunity Assessment, By Installation Type, 2021 & 2031F |
9.4 Grenada Underfloor Heating Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Underfloor Heating Market - Competitive Landscape |
10.1 Grenada Underfloor Heating Market Revenue Share, By Companies, 2024 |
10.2 Grenada Underfloor Heating 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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