| Product Code: ETC5772596 | 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 |
Cape Verde`s heat pump import market in 2024 saw a significant influx of shipments from top exporters Spain, Portugal, China, Netherlands, and Italy. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, while the impressive compound annual growth rate (CAGR) of 24.75% from 2020 to 2024 underscores the sector`s steady expansion. Notably, the remarkable growth rate of 213.26% from 2023 to 2024 reflects a surge in demand for heat pumps in Cape Verde, highlighting a promising market trend for importers and stakeholders in the industry.
By 2027, the Heat Pump market in Cabo Verde is anticipated to reach a growth rate of 4.91%, as part of an increasingly competitive Africa region, where Egypt remains at the forefront, supported by South Africa, Ethiopia, Algeria and Nigeria, driving innovations and market adoption across sectors.

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 Heat Pump Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Heat Pump Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Heat Pump Market - Industry Life Cycle |
3.4 Cape Verde Heat Pump Market - Porter's Five Forces |
3.5 Cape Verde Heat Pump Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Cape Verde Heat Pump Market Revenues & Volume Share, By Refrigerant, 2021 & 2031F |
3.7 Cape Verde Heat Pump Market Revenues & Volume Share, By Rated Capacity, 2021 & 2031F |
3.8 Cape Verde Heat Pump Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Cape Verde Heat Pump Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness and adoption of sustainable energy solutions in Cape Verde |
4.2.2 Government initiatives and policies promoting the use of renewable energy sources |
4.2.3 Growing focus on energy efficiency and reducing carbon footprint |
4.3 Market Restraints |
4.3.1 High initial investment cost of heat pump systems |
4.3.2 Limited availability of skilled professionals for installation and maintenance |
4.3.3 Variability in energy production from renewable sources impacting the efficiency of heat pumps |
5 Cape Verde Heat Pump Market Trends |
6 Cape Verde Heat Pump Market Segmentations |
6.1 Cape Verde Heat Pump Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Heat Pump Market Revenues & Volume, By Air-to-Air, 2021-2031F |
6.1.3 Cape Verde Heat Pump Market Revenues & Volume, By Air-to-Water, 2021-2031F |
6.1.4 Cape Verde Heat Pump Market Revenues & Volume, By Water Source, 2021-2031F |
6.1.5 Cape Verde Heat Pump Market Revenues & Volume, By Geothermal, 2021-2031F |
6.1.6 Cape Verde Heat Pump Market Revenues & Volume, By Hybrid, 2021-2031F |
6.2 Cape Verde Heat Pump Market, By Refrigerant |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Heat Pump Market Revenues & Volume, By R410A, 2021-2031F |
6.2.3 Cape Verde Heat Pump Market Revenues & Volume, By R407C, 2021-2031F |
6.2.4 Cape Verde Heat Pump Market Revenues & Volume, By R744, 2021-2031F |
6.3 Cape Verde Heat Pump Market, By Rated Capacity |
6.3.1 Overview and Analysis |
6.3.2 Cape Verde Heat Pump Market Revenues & Volume, By Up to 10 kW, 2021-2031F |
6.3.3 Cape Verde Heat Pump Market Revenues & Volume, By 10-20 kW, 2021-2031F |
6.3.4 Cape Verde Heat Pump Market Revenues & Volume, By 20-30 kW, 2021-2031F |
6.3.5 Cape Verde Heat Pump Market Revenues & Volume, By >30 kW, 2021-2031F |
6.4 Cape Verde Heat Pump Market, By End User |
6.4.1 Overview and Analysis |
6.4.2 Cape Verde Heat Pump Market Revenues & Volume, By Residential, 2021-2031F |
6.4.3 Cape Verde Heat Pump Market Revenues & Volume, By Commercial, 2021-2031F |
6.4.4 Cape Verde Heat Pump Market Revenues & Volume, By Industrial, 2021-2031F |
7 Cape Verde Heat Pump Market Import-Export Trade Statistics |
7.1 Cape Verde Heat Pump Market Export to Major Countries |
7.2 Cape Verde Heat Pump Market Imports from Major Countries |
8 Cape Verde Heat Pump Market Key Performance Indicators |
8.1 Average annual temperature in Cape Verde |
8.2 Percentage of electricity generated from renewable sources in Cape Verde |
8.3 Number of residential and commercial buildings implementing heat pump systems |
8.4 Energy consumption patterns and trends in Cape Verde |
8.5 Investment in renewable energy infrastructure by the government |
9 Cape Verde Heat Pump Market - Opportunity Assessment |
9.1 Cape Verde Heat Pump Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Cape Verde Heat Pump Market Opportunity Assessment, By Refrigerant, 2021 & 2031F |
9.3 Cape Verde Heat Pump Market Opportunity Assessment, By Rated Capacity, 2021 & 2031F |
9.4 Cape Verde Heat Pump Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Cape Verde Heat Pump Market - Competitive Landscape |
10.1 Cape Verde Heat Pump Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Heat Pump Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |