| Product Code: ETC5117401 | Publication Date: Nov 2023 | Updated Date: Dec 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The electric water heater import market in Saint Vincent and the Grenadines saw significant growth in 2023, with top exporters including the United States of America, Brazil, Puerto Rico, China, and Hong Kong. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, while the impressive Compound Annual Growth Rate (CAGR) of 45.3% and growth rate of 111.57% showcase a booming industry. It is evident that demand for electric water heaters in Saint Vincent and the Grenadines is on the rise, attracting suppliers from various countries.

By 2027, the Electric Water Heater market in St. Vincent and the Grenadines is anticipated to reach a growth rate of 3.14%, as part of an increasingly competitive North America region, where United States of America remains at the forefront, supported by Canada, Trinidad and Tobago, Jamaica and Bahamas, driving innovations and market adoption across sectors.

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 Saint Vincent and the Grenadines Electric Water Heater Market Overview |
3.1 Saint Vincent and the Grenadines Country Macro Economic Indicators |
3.2 Saint Vincent and the Grenadines Electric Water Heater Market Revenues & Volume, 2021 & 2031F |
3.3 Saint Vincent and the Grenadines Electric Water Heater Market - Industry Life Cycle |
3.4 Saint Vincent and the Grenadines Electric Water Heater Market - Porter's Five Forces |
3.5 Saint Vincent and the Grenadines Electric Water Heater Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Saint Vincent and the Grenadines Electric Water Heater Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Saint Vincent and the Grenadines Electric Water Heater Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Government initiatives promoting energy efficiency and renewable energy usage |
4.2.2 Increasing consumer awareness about the benefits of electric water heaters |
4.2.3 Growing demand for modern and efficient water heating solutions |
4.3 Market Restraints |
4.3.1 High initial cost of electric water heaters compared to traditional heating methods |
4.3.2 Limited availability of skilled technicians for installation and maintenance |
4.3.3 Fluctuating electricity prices impacting operational costs |
5 Saint Vincent and the Grenadines Electric Water Heater Market Trends |
6 Saint Vincent and the Grenadines Electric Water Heater Market Segmentations |
6.1 Saint Vincent and the Grenadines Electric Water Heater Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Saint Vincent and the Grenadines Electric Water Heater Market Revenues & Volume, By Tankless Water Heater, 2021-2031F |
6.1.3 Saint Vincent and the Grenadines Electric Water Heater Market Revenues & Volume, By Storage Water Heater, 2021-2031F |
6.2 Saint Vincent and the Grenadines Electric Water Heater Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Saint Vincent and the Grenadines Electric Water Heater Market Revenues & Volume, By Residential, 2021-2031F |
6.2.3 Saint Vincent and the Grenadines Electric Water Heater Market Revenues & Volume, By Commercial, 2021-2031F |
6.2.4 Saint Vincent and the Grenadines Electric Water Heater Market Revenues & Volume, By Industrial, 2021-2031F |
7 Saint Vincent and the Grenadines Electric Water Heater Market Import-Export Trade Statistics |
7.1 Saint Vincent and the Grenadines Electric Water Heater Market Export to Major Countries |
7.2 Saint Vincent and the Grenadines Electric Water Heater Market Imports from Major Countries |
8 Saint Vincent and the Grenadines Electric Water Heater Market Key Performance Indicators |
8.1 Average energy efficiency rating of electric water heaters sold in the market |
8.2 Number of new residential and commercial construction projects incorporating electric water heaters |
8.3 Percentage of households switching from non-electric to electric water heaters |
9 Saint Vincent and the Grenadines Electric Water Heater Market - Opportunity Assessment |
9.1 Saint Vincent and the Grenadines Electric Water Heater Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Saint Vincent and the Grenadines Electric Water Heater Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Saint Vincent and the Grenadines Electric Water Heater Market - Competitive Landscape |
10.1 Saint Vincent and the Grenadines Electric Water Heater Market Revenue Share, By Companies, 2024 |
10.2 Saint Vincent and the Grenadines Electric Water Heater Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |