| Product Code: ETC6677164 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Despite a declining Compound Annual Growth Rate (CAGR) of -4.76% from 2020 to 2024, Cape Verde continued to import electric engines at a high concentration level, as indicated by the Herfindahl-Hirschman Index (HHI). The significant drop in growth rate from 2023 to 2024 at -38.36% may suggest a shift in market dynamics or a temporary setback. Top exporting countries such as Senegal, Portugal, Spain, the United States of America, and China are key players driving the electric engine import shipments to Cape Verde in 2024. Understanding these trends can provide valuable insights for market players in the electric engine industry.

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 Electric Engine Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Electric Engine Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Electric Engine Market - Industry Life Cycle |
3.4 Cape Verde Electric Engine Market - Porter's Five Forces |
3.5 Cape Verde Electric Engine Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Cape Verde Electric Engine Market Revenues & Volume Share, By Output Power, 2021 & 2031F |
3.7 Cape Verde Electric Engine Market Revenues & Volume Share, By Voltage Range, 2021 & 2031F |
3.8 Cape Verde Electric Engine Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.9 Cape Verde Electric Engine Market Revenues & Volume Share, By Speed, 2021 & 2031F |
4 Cape Verde Electric Engine Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of electric vehicles in Cape Verde |
4.2.2 Government initiatives promoting clean energy and sustainability |
4.2.3 Growing awareness about environmental conservation and reducing carbon footprint |
4.3 Market Restraints |
4.3.1 High initial costs of electric engines |
4.3.2 Limited charging infrastructure in Cape Verde |
4.3.3 Dependence on imported technology and components |
5 Cape Verde Electric Engine Market Trends |
6 Cape Verde Electric Engine Market, By Types |
6.1 Cape Verde Electric Engine Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Electric Engine Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Cape Verde Electric Engine Market Revenues & Volume, By Alternate Current (AC) Motor, 2021- 2031F |
6.1.4 Cape Verde Electric Engine Market Revenues & Volume, By Direct Current (DC) Motor, 2021- 2031F |
6.1.5 Cape Verde Electric Engine Market Revenues & Volume, By Hermetic Motor, 2021- 2031F |
6.2 Cape Verde Electric Engine Market, By Output Power |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Electric Engine Market Revenues & Volume, By Integral Horsepower Output, 2021- 2031F |
6.2.3 Cape Verde Electric Engine Market Revenues & Volume, By Fractional Horsepower Output, 2021- 2031F |
6.3 Cape Verde Electric Engine Market, By Voltage Range |
6.3.1 Overview and Analysis |
6.3.2 Cape Verde Electric Engine Market Revenues & Volume, By 9V and Below, 2021- 2031F |
6.3.3 Cape Verde Electric Engine Market Revenues & Volume, By 10-20V, 2021- 2031F |
6.3.4 Cape Verde Electric Engine Market Revenues & Volume, By 21-60V and 60V, 2021- 2031F |
6.4 Cape Verde Electric Engine Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Cape Verde Electric Engine Market Revenues & Volume, By Industrial Machinery, 2021- 2031F |
6.4.3 Cape Verde Electric Engine Market Revenues & Volume, By Motor Vehicles, 2021- 2031F |
6.4.4 Cape Verde Electric Engine Market Revenues & Volume, By Heating, 2021- 2031F |
6.4.5 Cape Verde Electric Engine Market Revenues & Volume, By Ventilating and Cooling (HVAC) Equipment, 2021- 2031F |
6.4.6 Cape Verde Electric Engine Market Revenues & Volume, By Aerospace and Transportation, 2021- 2031F |
6.4.7 Cape Verde Electric Engine Market Revenues & Volume, By Household Appliances, 2021- 2031F |
6.5 Cape Verde Electric Engine Market, By Speed |
6.5.1 Overview and Analysis |
6.5.2 Cape Verde Electric Engine Market Revenues & Volume, By Low-Speed Electric Motors, 2021- 2031F |
6.5.3 Cape Verde Electric Engine Market Revenues & Volume, By Medium-Speed Electric Motors, 2021- 2031F |
6.5.4 Cape Verde Electric Engine Market Revenues & Volume, By High-Speed Electric Motors, 2021- 2031F |
6.5.5 Cape Verde Electric Engine Market Revenues & Volume, By Ultrahigh-Speed Electric Motors, 2021- 2031F |
7 Cape Verde Electric Engine Market Import-Export Trade Statistics |
7.1 Cape Verde Electric Engine Market Export to Major Countries |
7.2 Cape Verde Electric Engine Market Imports from Major Countries |
8 Cape Verde Electric Engine Market Key Performance Indicators |
8.1 Percentage increase in the number of electric vehicles in Cape Verde |
8.2 Investment in renewable energy projects in the country |
8.3 Number of charging stations installed in Cape Verde |
8.4 Research and development expenditure on electric engine technology |
8.5 Percentage of locally sourced components in electric engines |
9 Cape Verde Electric Engine Market - Opportunity Assessment |
9.1 Cape Verde Electric Engine Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Cape Verde Electric Engine Market Opportunity Assessment, By Output Power, 2021 & 2031F |
9.3 Cape Verde Electric Engine Market Opportunity Assessment, By Voltage Range, 2021 & 2031F |
9.4 Cape Verde Electric Engine Market Opportunity Assessment, By Application, 2021 & 2031F |
9.5 Cape Verde Electric Engine Market Opportunity Assessment, By Speed, 2021 & 2031F |
10 Cape Verde Electric Engine Market - Competitive Landscape |
10.1 Cape Verde Electric Engine Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Electric Engine 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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