| Product Code: ETC4660359 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Grenada continued to rely heavily on imports of geothermal heat pumps, with the top exporting countries being the USA, Trinidad and Tobago, UAE, UK, and Hong Kong. Despite a high concentration of imports, the industry experienced significant growth with a remarkable CAGR of 31.29% from 2020 to 2024. However, there was a slight decline in growth rate from 2023 to 2024 at -9.07%. The market dynamics and shifting trends in the geothermal heat pumps sector suggest a need for strategic analysis and potential adjustments to maintain sustainable growth in the future.
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 Geothermal Heat Pumps Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Geothermal Heat Pumps Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Geothermal Heat Pumps Market - Industry Life Cycle |
3.4 Grenada Geothermal Heat Pumps Market - Porter's Five Forces |
3.5 Grenada Geothermal Heat Pumps Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Geothermal Heat Pumps Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Geothermal Heat Pumps Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Geothermal Heat Pumps Market Trends |
6 Grenada Geothermal Heat Pumps Market Segmentations |
6.1 Grenada Geothermal Heat Pumps Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Geothermal Heat Pumps Market Revenues & Volume, By Closed Loop, 2021-2031F |
6.1.3 Grenada Geothermal Heat Pumps Market Revenues & Volume, By Open Loop, 2021-2031F |
6.2 Grenada Geothermal Heat Pumps Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Geothermal Heat Pumps Market Revenues & Volume, By Residential, 2021-2031F |
6.2.3 Grenada Geothermal Heat Pumps Market Revenues & Volume, By Commercial, 2021-2031F |
6.2.4 Grenada Geothermal Heat Pumps Market Revenues & Volume, By Industrial, 2021-2031F |
7 Grenada Geothermal Heat Pumps Market Import-Export Trade Statistics |
7.1 Grenada Geothermal Heat Pumps Market Export to Major Countries |
7.2 Grenada Geothermal Heat Pumps Market Imports from Major Countries |
8 Grenada Geothermal Heat Pumps Market Key Performance Indicators |
9 Grenada Geothermal Heat Pumps Market - Opportunity Assessment |
9.1 Grenada Geothermal Heat Pumps Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Geothermal Heat Pumps Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Geothermal Heat Pumps Market - Competitive Landscape |
10.1 Grenada Geothermal Heat Pumps Market Revenue Share, By Companies, 2024 |
10.2 Grenada Geothermal Heat Pumps 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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