| Product Code: ETC5810923 | 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 continues to rely on top exporters like the USA, Puerto Rico, Trinidad and Tobago, Barbados, and India for water testing and analysis imports. Despite a high Herfindahl-Hirschman Index (HHI) indicating market concentration, the industry experienced a slight growth with a 3.19% increase in 2024. However, the compound annual growth rate (CAGR) from 2020 to 2024 shows a negative trend at -3.01%. Grenada`s import market for water testing and analysis is dynamic, with key players driving innovation and competition in the 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 Water Testing & Analysis Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Water Testing & Analysis Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Water Testing & Analysis Market - Industry Life Cycle |
3.4 Grenada Water Testing & Analysis Market - Porter's Five Forces |
3.5 Grenada Water Testing & Analysis Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Grenada Water Testing & Analysis Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7 Grenada Water Testing & Analysis Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Water Testing & Analysis Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about water quality and associated health risks in Grenada |
4.2.2 Stringent regulations and policies related to water quality testing |
4.2.3 Growing focus on sustainable development and environmental conservation in Grenada |
4.3 Market Restraints |
4.3.1 Limited technical expertise and resources for advanced water testing and analysis |
4.3.2 High initial costs associated with setting up water testing facilities |
4.3.3 Lack of standardized protocols and quality control measures in the water testing sector in Grenada |
5 Grenada Water Testing & Analysis Market Trends |
6 Grenada Water Testing & Analysis Market Segmentations |
6.1 Grenada Water Testing & Analysis Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Grenada Water Testing & Analysis Market Revenues & Volume, By TOC, 2021-2031F |
6.1.3 Grenada Water Testing & Analysis Market Revenues & Volume, By PH, 2021-2031F |
6.1.4 Grenada Water Testing & Analysis Market Revenues & Volume, By DO, 2021-2031F |
6.1.5 Grenada Water Testing & Analysis Market Revenues & Volume, By Conductivity, 2021-2031F |
6.1.6 Grenada Water Testing & Analysis Market Revenues & Volume, By Turbidity, 2021-2031F |
6.2 Grenada Water Testing & Analysis Market, By Product Type |
6.2.1 Overview and Analysis | 6.2.2 Grenada Water Testing & Analysis Market Revenues & Volume, By Portable, 2021-2031F |
6.2.3 Grenada Water Testing & Analysis Market Revenues & Volume, By Handheld, 2021-2031F |
6.2.4 Grenada Water Testing & Analysis Market Revenues & Volume, By Benchtop, 2021-2031F |
6.3 Grenada Water Testing & Analysis Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Grenada Water Testing & Analysis Market Revenues & Volume, By Laboratory, 2021-2031F |
6.3.3 Grenada Water Testing & Analysis Market Revenues & Volume, By Industrial, 2021-2031F |
6.3.4 Grenada Water Testing & Analysis Market Revenues & Volume, By Environmental, 2021-2031F |
6.3.5 Grenada Water Testing & Analysis Market Revenues & Volume, By Government, 2021-2031F |
7 Grenada Water Testing & Analysis Market Import-Export Trade Statistics |
7.1 Grenada Water Testing & Analysis Market Export to Major Countries |
7.2 Grenada Water Testing & Analysis Market Imports from Major Countries |
8 Grenada Water Testing & Analysis Market Key Performance Indicators |
8.1 Percentage of population served by improved water sources |
8.2 Number of accredited water testing laboratories in Grenada |
8.3 Compliance rate with water quality standards set by regulatory authorities |
9 Grenada Water Testing & Analysis Market - Opportunity Assessment |
9.1 Grenada Water Testing & Analysis Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Grenada Water Testing & Analysis Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.3 Grenada Water Testing & Analysis Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Water Testing & Analysis Market - Competitive Landscape |
10.1 Grenada Water Testing & Analysis Market Revenue Share, By Companies, 2024 |
10.2 Grenada Water Testing & Analysis 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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