| Product Code: ETC4950941 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Cape Verde continued to heavily rely on imports of heating equipment, with the United States, Portugal, China, Belgium, and Spain dominating the market. Despite a concerning high concentration level, the market experienced a negative compound annual growth rate (CAGR) of -3.38% from 2020 to 2024. However, there was a notable growth spike in 2024, with a growth rate of 23.67% compared to the previous year, signaling potential opportunities and shifts in the market dynamics for heating equipment imports in Cape Verde.

In the Africa region, the Heating Equipment market in Cabo Verde is projected to expand at a high growth rate of 14.08% by 2027. The largest economy is Egypt, followed by South Africa, Ethiopia, Algeria and Nigeria.

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 Heating Equipment Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Heating Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Heating Equipment Market - Industry Life Cycle |
3.4 Cape Verde Heating Equipment Market - Porter's Five Forces |
3.5 Cape Verde Heating Equipment Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Cape Verde Heating Equipment Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Cape Verde Heating Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Cape Verde Heating Equipment Market Trends |
6 Cape Verde Heating Equipment Market Segmentations |
6.1 Cape Verde Heating Equipment Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Heating Equipment Market Revenues & Volume, By Heat Pumps, 2021-2031F |
6.1.3 Cape Verde Heating Equipment Market Revenues & Volume, By Furnaces, 2021-2031F |
6.1.4 Cape Verde Heating Equipment Market Revenues & Volume, By Boilers, 2021-2031F |
6.1.5 Cape Verde Heating Equipment Market Revenues & Volume, By Unitary Heaters, 2021-2031F |
6.1.6 Cape Verde Heating Equipment Market Revenues & Volume, By Others, 2021-2031F |
6.2 Cape Verde Heating Equipment Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Heating Equipment Market Revenues & Volume, By Residential, 2021-2031F |
6.2.3 Cape Verde Heating Equipment Market Revenues & Volume, By Commercial, 2021-2031F |
6.2.4 Cape Verde Heating Equipment Market Revenues & Volume, By Industrial, 2021-2031F |
7 Cape Verde Heating Equipment Market Import-Export Trade Statistics |
7.1 Cape Verde Heating Equipment Market Export to Major Countries |
7.2 Cape Verde Heating Equipment Market Imports from Major Countries |
8 Cape Verde Heating Equipment Market Key Performance Indicators |
9 Cape Verde Heating Equipment Market - Opportunity Assessment |
9.1 Cape Verde Heating Equipment Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Cape Verde Heating Equipment Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Cape Verde Heating Equipment Market - Competitive Landscape |
10.1 Cape Verde Heating Equipment Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Heating Equipment 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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