| Product Code: ETC7380981 | 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 continued to see significant import shipments of smart water leak detectors, with top exporting countries being Trinidad and Tobago, USA, China, Canada, and Panama. Despite a high concentration level indicated by the Herfindahl-Hirschman Index (HHI), the industry showed a healthy Compound Annual Growth Rate (CAGR) of 8.57% from 2020 to 2024. However, there was a slight decline in growth rate from 2023 to 2024, with a decrease of -10.38%. This data suggests a stable market for smart water leak detectors in Grenada with potential for continued growth in the coming years.
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 Smart Water Leak Detector Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Smart Water Leak Detector Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Smart Water Leak Detector Market - Industry Life Cycle |
3.4 Grenada Smart Water Leak Detector Market - Porter's Five Forces |
3.5 Grenada Smart Water Leak Detector Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Grenada Smart Water Leak Detector Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Smart Water Leak Detector Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about water conservation and the need to prevent water wastage |
4.2.2 Growing adoption of smart home devices and IoT technology |
4.2.3 Government initiatives promoting water conservation and smart water management |
4.3 Market Restraints |
4.3.1 High initial cost of smart water leak detectors |
4.3.2 Limited consumer awareness about the benefits of smart water leak detectors |
4.3.3 Lack of infrastructure for smart water management in some regions |
5 Grenada Smart Water Leak Detector Market Trends |
6 Grenada Smart Water Leak Detector Market, By Types |
6.1 Grenada Smart Water Leak Detector Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Grenada Smart Water Leak Detector Market Revenues & Volume, By Product, 2021- 2031F |
6.1.3 Grenada Smart Water Leak Detector Market Revenues & Volume, By Wired, 2021- 2031F |
6.1.4 Grenada Smart Water Leak Detector Market Revenues & Volume, By Wireless, 2021- 2031F |
6.2 Grenada Smart Water Leak Detector Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Smart Water Leak Detector Market Revenues & Volume, By Residential, 2021- 2031F |
6.2.3 Grenada Smart Water Leak Detector Market Revenues & Volume, By Commercial, 2021- 2031F |
6.2.4 Grenada Smart Water Leak Detector Market Revenues & Volume, By Industrial, 2021- 2031F |
7 Grenada Smart Water Leak Detector Market Import-Export Trade Statistics |
7.1 Grenada Smart Water Leak Detector Market Export to Major Countries |
7.2 Grenada Smart Water Leak Detector Market Imports from Major Countries |
8 Grenada Smart Water Leak Detector Market Key Performance Indicators |
8.1 Percentage increase in the number of smart water leak detector installations |
8.2 Rate of adoption of IoT technology in water management systems |
8.3 Number of government policies or incentives supporting smart water conservation technologies |
9 Grenada Smart Water Leak Detector Market - Opportunity Assessment |
9.1 Grenada Smart Water Leak Detector Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Grenada Smart Water Leak Detector Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Smart Water Leak Detector Market - Competitive Landscape |
10.1 Grenada Smart Water Leak Detector Market Revenue Share, By Companies, 2024 |
10.2 Grenada Smart Water Leak Detector 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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