| Product Code: ETC5697584 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Cape Verde`s cryogenic tanks import market saw a decline in growth rate in 2024, with a notable -31.71% decrease from the previous year. The top exporting countries to Cape Verde in 2024 were Thailand, Portugal, China, Senegal, and Italy, indicating diverse sources. Despite the negative CAGR of -2.51% from 2020 to 2024, the market remained highly concentrated, as reflected by the high HHI. Monitoring shifts in market dynamics and exploring strategies to stimulate demand may be crucial for stakeholders in the cryogenic tanks import sector in Cape Verde.

The Cryogenic Tanks Market in Cape Verde involves tanks designed to store and transport cryogenic liquids such as nitrogen and oxygen. The market is driven by the demand for these gases in various industries, including healthcare and manufacturing. Challenges include the need for rigorous safety standards and the high cost of cryogenic storage solutions.
The cryogenic tanks market in Cape Verde is influenced by the increasing demand for storage solutions for liquefied gases such as LNG and oxygen. The growth of industries such as energy, healthcare, and manufacturing drives the need for reliable and efficient cryogenic storage tanks. Advances in tank design and the expansion of industrial applications contribute to the market`s growth.
Challenges in the cryogenic tanks market in Cape Verde include high costs of importation and limited availability of local suppliers. The countrys infrastructure for handling and storing cryogenic liquids is underdeveloped, which impacts the efficiency and safety of operations. Additionally, there is a lack of technical expertise and support for maintaining cryogenic tanks.
In the cryogenic tanks market, Cape Verdean policies focus on ensuring the safe storage and transport of cryogenic fluids. The government implements strict safety standards and regulations for the design and maintenance of cryogenic tanks. There are also initiatives to support the development of new technologies for cryogenic storage solutions.
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 Cryogenic Tanks Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Cryogenic Tanks Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Cryogenic Tanks Market - Industry Life Cycle |
3.4 Cape Verde Cryogenic Tanks Market - Porter's Five Forces |
3.5 Cape Verde Cryogenic Tanks Market Revenues & Volume Share, By Raw Material, 2021 & 2031F |
3.6 Cape Verde Cryogenic Tanks Market Revenues & Volume Share, By Cryogenic Liquid, 2021 & 2031F |
3.7 Cape Verde Cryogenic Tanks Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Cape Verde Cryogenic Tanks Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
4 Cape Verde Cryogenic Tanks Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for clean energy solutions |
4.2.2 Growing investments in industrial infrastructure in Cape Verde |
4.2.3 Rising demand for liquefied natural gas (LNG) in the region |
4.3 Market Restraints |
4.3.1 High initial investment costs for cryogenic tanks |
4.3.2 Lack of skilled workforce for cryogenic tank operations and maintenance |
4.3.3 Limited availability of raw materials for cryogenic tank manufacturing |
5 Cape Verde Cryogenic Tanks Market Trends |
6 Cape Verde Cryogenic Tanks Market Segmentations |
6.1 Cape Verde Cryogenic Tanks Market, By Raw Material |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Cryogenic Tanks Market Revenues & Volume, By Steel, 2021-2031F |
6.1.3 Cape Verde Cryogenic Tanks Market Revenues & Volume, By Nickel Alloy, 2021-2031F |
6.1.4 Cape Verde Cryogenic Tanks Market Revenues & Volume, By Aluminum Alloy, 2021-2031F |
6.2 Cape Verde Cryogenic Tanks Market, By Cryogenic Liquid |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Cryogenic Tanks Market Revenues & Volume, By Liquid Nitrogen, 2021-2031F |
6.2.3 Cape Verde Cryogenic Tanks Market Revenues & Volume, By Liquefied Natural Gas (LNG), 2021-2031F |
6.2.4 Cape Verde Cryogenic Tanks Market Revenues & Volume, By Liquid Hydrogen, 2021-2031F |
6.2.5 Cape Verde Cryogenic Tanks Market Revenues & Volume, By Liquid Oxygen, 2021-2031F |
6.3 Cape Verde Cryogenic Tanks Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Cape Verde Cryogenic Tanks Market Revenues & Volume, By Storage, 2021-2031F |
6.3.3 Cape Verde Cryogenic Tanks Market Revenues & Volume, By Transportation, 2021-2031F |
6.4 Cape Verde Cryogenic Tanks Market, By End Use Industry |
6.4.1 Overview and Analysis |
6.4.2 Cape Verde Cryogenic Tanks Market Revenues & Volume, By Metal Processing, 2021-2031F |
6.4.3 Cape Verde Cryogenic Tanks Market Revenues & Volume, By Energy Generation, 2021-2031F |
6.4.4 Cape Verde Cryogenic Tanks Market Revenues & Volume, By Electronics, 2021-2031F |
6.4.5 Cape Verde Cryogenic Tanks Market Revenues & Volume, By Medical Technology, 2021-2031F |
6.4.6 Cape Verde Cryogenic Tanks Market Revenues & Volume, By Food & Beverage, 2021-2031F |
6.4.7 Cape Verde Cryogenic Tanks Market Revenues & Volume, By Water Treatment, 2021-2031F |
7 Cape Verde Cryogenic Tanks Market Import-Export Trade Statistics |
7.1 Cape Verde Cryogenic Tanks Market Export to Major Countries |
7.2 Cape Verde Cryogenic Tanks Market Imports from Major Countries |
8 Cape Verde Cryogenic Tanks Market Key Performance Indicators |
8.1 Energy consumption reduction achieved by the use of cryogenic tanks |
8.2 Number of new industrial projects incorporating cryogenic tanks |
8.3 Percentage growth in LNG consumption in Cape Verde |
9 Cape Verde Cryogenic Tanks Market - Opportunity Assessment |
9.1 Cape Verde Cryogenic Tanks Market Opportunity Assessment, By Raw Material, 2021 & 2031F |
9.2 Cape Verde Cryogenic Tanks Market Opportunity Assessment, By Cryogenic Liquid, 2021 & 2031F |
9.3 Cape Verde Cryogenic Tanks Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Cape Verde Cryogenic Tanks Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
10 Cape Verde Cryogenic Tanks Market - Competitive Landscape |
10.1 Cape Verde Cryogenic Tanks Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Cryogenic Tanks Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |