| Product Code: ETC5606103 | 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 a significant influx of wireless fire detection systems imports, with top exporters being the USA, Barbados, China, Trinidad and Tobago, and Ireland. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, while the impressive Compound Annual Growth Rate (CAGR) of 14.77% from 2020 to 2024 highlights sustained growth. Furthermore, the exceptional growth rate of 48.09% from 2023 to 2024 suggests a rapidly expanding market for wireless fire detection 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 Wireless Fire Detection Systems Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Wireless Fire Detection Systems Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Wireless Fire Detection Systems Market - Industry Life Cycle |
3.4 Grenada Wireless Fire Detection Systems Market - Porter's Five Forces |
3.5 Grenada Wireless Fire Detection Systems Market Revenues & Volume Share, By System Type, 2021 & 2031F |
3.6 Grenada Wireless Fire Detection Systems Market Revenues & Volume Share, By Installation Type, 2021 & 2031F |
3.7 Grenada Wireless Fire Detection Systems Market Revenues & Volume Share, By Vertical, 2021 & 2031F |
3.8 Grenada Wireless Fire Detection Systems Market Revenues & Volume Share, By , 2021 & 2031F |
4 Grenada Wireless Fire Detection Systems Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about the importance of fire safety measures in Grenada |
4.2.2 Stringent regulations and standards regarding fire safety in commercial and residential buildings |
4.2.3 Technological advancements leading to the development of more efficient and reliable wireless fire detection systems |
4.3 Market Restraints |
4.3.1 High initial investment required for implementing wireless fire detection systems |
4.3.2 Limited availability of skilled professionals for installation and maintenance of these systems |
4.3.3 Resistance to change from traditional wired fire detection systems in Grenada |
5 Grenada Wireless Fire Detection Systems Market Trends |
6 Grenada Wireless Fire Detection Systems Market Segmentations |
6.1 Grenada Wireless Fire Detection Systems Market, By System Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Wireless Fire Detection Systems Market Revenues & Volume, By Fully Wireless, 2021-2031F |
6.1.3 Grenada Wireless Fire Detection Systems Market Revenues & Volume, By Hybrid, 2021-2031F |
6.2 Grenada Wireless Fire Detection Systems Market, By Installation Type |
6.2.1 Overview and Analysis |
6.2.2 Grenada Wireless Fire Detection Systems Market Revenues & Volume, By New, 2021-2031F |
6.2.3 Grenada Wireless Fire Detection Systems Market Revenues & Volume, By Retrofit, 2021-2031F |
6.3 Grenada Wireless Fire Detection Systems Market, By Vertical |
6.3.1 Overview and Analysis |
6.3.2 Grenada Wireless Fire Detection Systems Market Revenues & Volume, By Commercial, 2021-2031F |
6.3.3 Grenada Wireless Fire Detection Systems Market Revenues & Volume, By Residential, 2021-2031F |
6.3.4 Grenada Wireless Fire Detection Systems Market Revenues & Volume, By Manufacturing, 2021-2031F |
6.4 Grenada Wireless Fire Detection Systems Market, By |
6.4.1 Overview and Analysis |
7 Grenada Wireless Fire Detection Systems Market Import-Export Trade Statistics |
7.1 Grenada Wireless Fire Detection Systems Market Export to Major Countries |
7.2 Grenada Wireless Fire Detection Systems Market Imports from Major Countries |
8 Grenada Wireless Fire Detection Systems Market Key Performance Indicators |
8.1 Average response time to fire incidents in buildings equipped with wireless fire detection systems |
8.2 Number of new installations of wireless fire detection systems in Grenada annually |
8.3 Percentage increase in the adoption rate of wireless fire detection systems in the commercial sector |
9 Grenada Wireless Fire Detection Systems Market - Opportunity Assessment |
9.1 Grenada Wireless Fire Detection Systems Market Opportunity Assessment, By System Type, 2021 & 2031F |
9.2 Grenada Wireless Fire Detection Systems Market Opportunity Assessment, By Installation Type, 2021 & 2031F |
9.3 Grenada Wireless Fire Detection Systems Market Opportunity Assessment, By Vertical, 2021 & 2031F |
9.4 Grenada Wireless Fire Detection Systems Market Opportunity Assessment, By , 2021 & 2031F |
10 Grenada Wireless Fire Detection Systems Market - Competitive Landscape |
10.1 Grenada Wireless Fire Detection Systems Market Revenue Share, By Companies, 2024 |
10.2 Grenada Wireless Fire Detection 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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