| Product Code: ETC5174913 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The commercial boiler import market in Cape Verde saw significant growth in 2024, with top exporting countries being Portugal, France, Areas, nes, Italy, and Spain. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), remained very high, indicating a competitive landscape dominated by a few key players. The impressive compound annual growth rate (CAGR) of 62.99% from 2020 to 2024 highlights the strong demand for commercial boilers in Cape Verde. Although the growth rate slightly slowed in 2024 to 1.31%, the market continues to show promise for both domestic and international suppliers.

The commercial boiler market in Cape Verde is driven by the demand for efficient heating solutions in various commercial establishments such as hotels, hospitals, and office buildings. The market`s growth is influenced by the need for energy-efficient systems that reduce operational costs and comply with environmental regulations. Technological advancements in boiler design and efficiency are also key market drivers.
The demand for energy-efficient heating solutions is driving the Cape Verde commercial boiler market. With growing awareness of energy conservation and the rising cost of traditional energy sources, there is a shift towards adopting more efficient boilers in commercial establishments. Technological advancements and government regulations promoting the use of energy-efficient appliances further support market growth.
The commercial boiler market in Cape Verde is challenged by the limited industrial base and a lack of large-scale commercial operations that would require high-capacity boilers. The market is also affected by the high cost of imported boilers and parts, coupled with a lack of local expertise in installation and maintenance. Additionally, the lack of infrastructure for efficient fuel supply poses a challenge for market growth.
The government is promoting energy efficiency and sustainability through policies that impact the commercial boiler market. These policies include incentives for the installation of energy-efficient boilers, regulations mandating periodic inspections and maintenance, and standards for emissions control. The government also supports initiatives aimed at integrating renewable energy sources into commercial heating systems.
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 Cape Verde Commercial Boiler Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Commercial Boiler Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Commercial Boiler Market - Industry Life Cycle |
3.4 Cape Verde Commercial Boiler Market - Porter's Five Forces |
3.5 Cape Verde Commercial Boiler Market Revenues & Volume Share, By Fuel Type, 2021 & 2031F |
3.6 Cape Verde Commercial Boiler Market Revenues & Volume Share, By Technology , 2021 & 2031F |
3.7 Cape Verde Commercial Boiler Market Revenues & Volume Share, By Capacity, 2021 & 2031F |
3.8 Cape Verde Commercial Boiler Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Cape Verde Commercial Boiler Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient and environmentally friendly heating solutions |
4.2.2 Growth in commercial construction activities and infrastructure development |
4.2.3 Government initiatives and regulations promoting the use of renewable energy sources |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with commercial boiler systems |
4.3.2 Fluctuating raw material prices impacting manufacturing costs |
4.3.3 Lack of skilled professionals for installation and maintenance of commercial boilers |
5 Cape Verde Commercial Boiler Market Trends |
6 Cape Verde Commercial Boiler Market Segmentations |
6.1 Cape Verde Commercial Boiler Market, By Fuel Type |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Commercial Boiler Market Revenues & Volume, By Natural Gas, 2021-2031F |
6.1.3 Cape Verde Commercial Boiler Market Revenues & Volume, By Oil, 2021-2031F |
6.1.4 Cape Verde Commercial Boiler Market Revenues & Volume, By Coal, 2021-2031F |
6.1.5 Cape Verde Commercial Boiler Market Revenues & Volume, By Others , 2021-2031F |
6.2 Cape Verde Commercial Boiler Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Commercial Boiler Market Revenues & Volume, By Condensing, 2021-2031F |
6.2.3 Cape Verde Commercial Boiler Market Revenues & Volume, By Non-Condensing, 2021-2031F |
6.3 Cape Verde Commercial Boiler Market, By Capacity |
6.3.1 Overview and Analysis |
6.3.2 Cape Verde Commercial Boiler Market Revenues & Volume, By Less than 10 MMBtu/hr, 2021-2031F |
6.3.3 Cape Verde Commercial Boiler Market Revenues & Volume, By 10-50 MMBtu/hr, 2021-2031F |
6.3.4 Cape Verde Commercial Boiler Market Revenues & Volume, By Others, 2021-2031F |
6.4 Cape Verde Commercial Boiler Market, By End User |
6.4.1 Overview and Analysis |
6.4.2 Cape Verde Commercial Boiler Market Revenues & Volume, By Offices, 2021-2031F |
6.4.3 Cape Verde Commercial Boiler Market Revenues & Volume, By Hospitals, 2021-2031F |
6.4.4 Cape Verde Commercial Boiler Market Revenues & Volume, By Educational Institutions, 2021-2031F |
6.4.5 Cape Verde Commercial Boiler Market Revenues & Volume, By Lodging, 2021-2031F |
6.4.6 Cape Verde Commercial Boiler Market Revenues & Volume, By Others , 2021-2031F |
7 Cape Verde Commercial Boiler Market Import-Export Trade Statistics |
7.1 Cape Verde Commercial Boiler Market Export to Major Countries |
7.2 Cape Verde Commercial Boiler Market Imports from Major Countries |
8 Cape Verde Commercial Boiler Market Key Performance Indicators |
8.1 Energy efficiency ratings of commercial boilers installed |
8.2 Adoption rate of renewable energy sources in commercial heating systems |
8.3 Number of government incentives and subsidies availed by businesses for installing eco-friendly boiler systems |
9 Cape Verde Commercial Boiler Market - Opportunity Assessment |
9.1 Cape Verde Commercial Boiler Market Opportunity Assessment, By Fuel Type, 2021 & 2031F |
9.2 Cape Verde Commercial Boiler Market Opportunity Assessment, By Technology , 2021 & 2031F |
9.3 Cape Verde Commercial Boiler Market Opportunity Assessment, By Capacity, 2021 & 2031F |
9.4 Cape Verde Commercial Boiler Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Cape Verde Commercial Boiler Market - Competitive Landscape |
10.1 Cape Verde Commercial Boiler Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Commercial Boiler Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |