| Product Code: ETC7380331 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Grenada saw a significant inflow of security equipment imports, with top exporters being the USA, Panama, China, Barbados, and Trinidad and Tobago. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. With a strong Compound Annual Growth Rate (CAGR) of 12.97% from 2020 to 2024 and a notable growth rate of 6.57% from 2023 to 2024, the security equipment import sector in Grenada is showing resilience and promising potential for continued expansion.
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 Security Equipment Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Security Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Security Equipment Market - Industry Life Cycle |
3.4 Grenada Security Equipment Market - Porter's Five Forces |
3.5 Grenada Security Equipment Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Grenada Security Equipment Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Grenada Security Equipment Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.8 Grenada Security Equipment Market Revenues & Volume Share, By End Users, 2021 & 2031F |
4 Grenada Security Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing security concerns and crime rates in Grenada |
4.2.2 Government initiatives to enhance public safety and security infrastructure |
4.2.3 Growing adoption of advanced security technologies in commercial and residential sectors |
4.3 Market Restraints |
4.3.1 High initial costs associated with implementing security equipment solutions |
4.3.2 Limited awareness and understanding of the benefits of security equipment among end-users |
4.3.3 Lack of skilled professionals for installation and maintenance of security systems |
5 Grenada Security Equipment Market Trends |
6 Grenada Security Equipment Market, By Types |
6.1 Grenada Security Equipment Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Security Equipment Market Revenues & Volume, By Product Type, 2021- 2031F |
6.1.3 Grenada Security Equipment Market Revenues & Volume, By Surveillance Systems, 2021- 2031F |
6.1.4 Grenada Security Equipment Market Revenues & Volume, By Access Control Systems, 2021- 2031F |
6.1.5 Grenada Security Equipment Market Revenues & Volume, By Intrusion Detection Systems, 2021- 2031F |
6.1.6 Grenada Security Equipment Market Revenues & Volume, By Fire Protection Systems, 2021- 2031F |
6.1.7 Grenada Security Equipment Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Grenada Security Equipment Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Security Equipment Market Revenues & Volume, By Indoor Security, 2021- 2031F |
6.2.3 Grenada Security Equipment Market Revenues & Volume, By Outdoor Security, 2021- 2031F |
6.2.4 Grenada Security Equipment Market Revenues & Volume, By Perimeter Security, 2021- 2031F |
6.2.5 Grenada Security Equipment Market Revenues & Volume, By Vehicle Security, 2021- 2031F |
6.2.6 Grenada Security Equipment Market Revenues & Volume, By Personal Security, 2021- 2031F |
6.3 Grenada Security Equipment Market, By Technology |
6.3.1 Overview and Analysis |
6.3.2 Grenada Security Equipment Market Revenues & Volume, By Wired, 2021- 2031F |
6.3.3 Grenada Security Equipment Market Revenues & Volume, By Wireless, 2021- 2031F |
6.3.4 Grenada Security Equipment Market Revenues & Volume, By Hybrid, 2021- 2031F |
6.4 Grenada Security Equipment Market, By End Users |
6.4.1 Overview and Analysis |
6.4.2 Grenada Security Equipment Market Revenues & Volume, By Residential, 2021- 2031F |
6.4.3 Grenada Security Equipment Market Revenues & Volume, By Commercial, 2021- 2031F |
6.4.4 Grenada Security Equipment Market Revenues & Volume, By Industrial, 2021- 2031F |
6.4.5 Grenada Security Equipment Market Revenues & Volume, By Others, 2021- 2031F |
7 Grenada Security Equipment Market Import-Export Trade Statistics |
7.1 Grenada Security Equipment Market Export to Major Countries |
7.2 Grenada Security Equipment Market Imports from Major Countries |
8 Grenada Security Equipment Market Key Performance Indicators |
8.1 Percentage increase in the number of security equipment installations annually |
8.2 Customer satisfaction ratings related to the effectiveness of security equipment |
8.3 Percentage reduction in security incidents reported after the installation of security equipment |
8.4 Average response time of security personnel to alerts or alarms |
8.5 Number of partnerships or collaborations with local authorities or security agencies for promoting security equipment usage |
9 Grenada Security Equipment Market - Opportunity Assessment |
9.1 Grenada Security Equipment Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Grenada Security Equipment Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Grenada Security Equipment Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.4 Grenada Security Equipment Market Opportunity Assessment, By End Users, 2021 & 2031F |
10 Grenada Security Equipment Market - Competitive Landscape |
10.1 Grenada Security Equipment Market Revenue Share, By Companies, 2024 |
10.2 Grenada Security Equipment 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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