| Product Code: ETC5758897 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Cape Verde continued to rely on imports of grid-scale batteries, with top exporters being Portugal, USA, China, Netherlands, and France. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. Despite a positive compound annual growth rate (CAGR) of 4.01% from 2020-24, there was a notable decline in growth rate by -42.78% from 2023-24. This suggests a potential shift or slowdown in the market dynamics that may require closer monitoring and analysis in the near future.

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 Grid-Scale Battery Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Grid-Scale Battery Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Grid-Scale Battery Market - Industry Life Cycle |
3.4 Cape Verde Grid-Scale Battery Market - Porter's Five Forces |
3.5 Cape Verde Grid-Scale Battery Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Cape Verde Grid-Scale Battery Market Revenues & Volume Share, By Ownership-Model, 2021 & 2031F |
3.7 Cape Verde Grid-Scale Battery Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Cape Verde Grid-Scale Battery Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for renewable energy sources in Cape Verde |
4.2.2 Government initiatives and policies promoting energy storage solutions |
4.2.3 Growing investments in grid-scale battery projects in Cape Verde |
4.3 Market Restraints |
4.3.1 High initial costs associated with grid-scale battery installations |
4.3.2 Lack of skilled workforce for maintenance and operation of grid-scale batteries in Cape Verde |
4.3.3 Vulnerability to external factors such as weather conditions impacting battery performance |
5 Cape Verde Grid-Scale Battery Market Trends |
6 Cape Verde Grid-Scale Battery Market Segmentations |
6.1 Cape Verde Grid-Scale Battery Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Grid-Scale Battery Market Revenues & Volume, By Lithium-Ion, 2021-2031F |
6.1.3 Cape Verde Grid-Scale Battery Market Revenues & Volume, By Lead Acid, 2021-2031F |
6.1.4 Cape Verde Grid-Scale Battery Market Revenues & Volume, By Flow Battery, 2021-2031F |
6.1.5 Cape Verde Grid-Scale Battery Market Revenues & Volume, By Sodium-Based, 2021-2031F |
6.2 Cape Verde Grid-Scale Battery Market, By Ownership-Model |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Grid-Scale Battery Market Revenues & Volume, By Third-Party, 2021-2031F |
6.2.3 Cape Verde Grid-Scale Battery Market Revenues & Volume, By Utility, 2021-2031F |
6.3 Cape Verde Grid-Scale Battery Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Cape Verde Grid-Scale Battery Market Revenues & Volume, By Renewable Integration, 2021-2031F |
6.3.3 Cape Verde Grid-Scale Battery Market Revenues & Volume, By Peak Shift, 2021-2031F |
6.3.4 Cape Verde Grid-Scale Battery Market Revenues & Volume, By Ancillary Services, 2021-2031F |
6.3.5 Cape Verde Grid-Scale Battery Market Revenues & Volume, By Back-Up Power, 2021-2031F |
7 Cape Verde Grid-Scale Battery Market Import-Export Trade Statistics |
7.1 Cape Verde Grid-Scale Battery Market Export to Major Countries |
7.2 Cape Verde Grid-Scale Battery Market Imports from Major Countries |
8 Cape Verde Grid-Scale Battery Market Key Performance Indicators |
8.1 Average state of charge of grid-scale batteries in Cape Verde |
8.2 Frequency of grid-scale battery maintenance and servicing |
8.3 Energy storage capacity utilization rate |
8.4 Renewable energy integration rate into the grid |
8.5 Grid stability and reliability metrics |
9 Cape Verde Grid-Scale Battery Market - Opportunity Assessment |
9.1 Cape Verde Grid-Scale Battery Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Cape Verde Grid-Scale Battery Market Opportunity Assessment, By Ownership-Model, 2021 & 2031F |
9.3 Cape Verde Grid-Scale Battery Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Cape Verde Grid-Scale Battery Market - Competitive Landscape |
10.1 Cape Verde Grid-Scale Battery Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Grid-Scale Battery 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.
To discover high-growth global markets and optimize your business strategy:
Click Here