| Product Code: ETC5875120 | 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 |
Antigua and Barbuda`s thermal systems import shipments in 2024 continued to be dominated by key suppliers such as the USA, Puerto Rico, China, Grenada, and Colombia. The high Herfindahl-Hirschman Index (HHI) concentration in 2023 increased further in 2024, indicating a competitive market with significant market power held by a few major players. The compound annual growth rate (CAGR) from 2020 to 2024 was negative at -18.33%, with a substantial decline in growth rate from 2023 to 2024 at -90.6%. This data suggests a challenging environment for thermal systems importers in Antigua and Barbuda.

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 Antigua and Barbuda Thermal Systems Market Overview |
3.1 Antigua and Barbuda Country Macro Economic Indicators |
3.2 Antigua and Barbuda Thermal Systems Market Revenues & Volume, 2021 & 2031F |
3.3 Antigua and Barbuda Thermal Systems Market - Industry Life Cycle |
3.4 Antigua and Barbuda Thermal Systems Market - Porter's Five Forces |
3.5 Antigua and Barbuda Thermal Systems Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 Antigua and Barbuda Thermal Systems Market Revenues & Volume Share, By Vehicle, 2021 & 2031F |
4 Antigua and Barbuda Thermal Systems Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing focus on sustainable energy solutions in Antigua and Barbuda |
4.2.2 Government initiatives and incentives to promote renewable energy adoption |
4.2.3 Growing awareness about the benefits of thermal systems in terms of energy efficiency and cost savings |
4.3 Market Restraints |
4.3.1 High upfront costs associated with installing thermal systems |
4.3.2 Limited availability of skilled workforce for maintenance and repair of thermal systems |
4.3.3 Dependence on external suppliers for key components and technology |
5 Antigua and Barbuda Thermal Systems Market Trends |
6 Antigua and Barbuda Thermal Systems Market Segmentations |
6.1 Antigua and Barbuda Thermal Systems Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Antigua and Barbuda Thermal Systems Market Revenues & Volume, By Front & Rear A/C, 2021-2031F |
6.1.3 Antigua and Barbuda Thermal Systems Market Revenues & Volume, By Powertrain, 2021-2031F |
6.1.4 Antigua and Barbuda Thermal Systems Market Revenues & Volume, By Seat, 2021-2031F |
6.1.5 Antigua and Barbuda Thermal Systems Market Revenues & Volume, By Steering, 2021-2031F |
6.1.6 Antigua and Barbuda Thermal Systems Market Revenues & Volume, By Battery, 2021-2031F |
6.1.7 Antigua and Barbuda Thermal Systems Market Revenues & Volume, By Motor, 2021-2031F |
6.1.9 Antigua and Barbuda Thermal Systems Market Revenues & Volume, By Waste Heat Recovery, 2021-2031F |
6.1.10 Antigua and Barbuda Thermal Systems Market Revenues & Volume, By Waste Heat Recovery, 2021-2031F |
6.2 Antigua and Barbuda Thermal Systems Market, By Vehicle |
6.2.1 Overview and Analysis |
6.2.2 Antigua and Barbuda Thermal Systems Market Revenues & Volume, By ICE, 2021-2031F |
6.2.3 Antigua and Barbuda Thermal Systems Market Revenues & Volume, By Electric, 2021-2031F |
6.2.4 Antigua and Barbuda Thermal Systems Market Revenues & Volume, By Off-Vehicle & ATV, 2021-2031F |
7 Antigua and Barbuda Thermal Systems Market Import-Export Trade Statistics |
7.1 Antigua and Barbuda Thermal Systems Market Export to Major Countries |
7.2 Antigua and Barbuda Thermal Systems Market Imports from Major Countries |
8 Antigua and Barbuda Thermal Systems Market Key Performance Indicators |
8.1 Percentage increase in installations of thermal systems in Antigua and Barbuda |
8.2 Energy cost savings achieved by businesses and households using thermal systems |
8.3 Number of training programs and certifications offered for local workforce in thermal system maintenance and repair |
9 Antigua and Barbuda Thermal Systems Market - Opportunity Assessment |
9.1 Antigua and Barbuda Thermal Systems Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 Antigua and Barbuda Thermal Systems Market Opportunity Assessment, By Vehicle, 2021 & 2031F |
10 Antigua and Barbuda Thermal Systems Market - Competitive Landscape |
10.1 Antigua and Barbuda Thermal Systems Market Revenue Share, By Companies, 2024 |
10.2 Antigua and Barbuda Thermal 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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