| Product Code: ETC6681782 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Cape Verde continued to rely on imports of low voltage induction motors, with top exporting countries including Portugal, USA, Areas, nes, China, and Italy. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), remained significantly high. However, the industry experienced a negative Compound Annual Growth Rate (CAGR) of -0.42% over the 2020-2024 period, with a sharp decline in growth rate from 2023 to 2024 at -40.43%. This data suggests a challenging landscape for low voltage induction motor imports in Cape Verde, indicating potential shifts in market dynamics or demand patterns.

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 Low Voltage Induction Motors Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Low Voltage Induction Motors Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Low Voltage Induction Motors Market - Industry Life Cycle |
3.4 Cape Verde Low Voltage Induction Motors Market - Porter's Five Forces |
3.5 Cape Verde Low Voltage Induction Motors Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Cape Verde Low Voltage Induction Motors Market Revenues & Volume Share, By End User Industry, 2021 & 2031F |
4 Cape Verde Low Voltage Induction Motors Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient solutions in Cape Verde |
4.2.2 Growing industrialization and infrastructure development in the country |
4.2.3 Government initiatives promoting the use of low voltage induction motors |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with low voltage induction motors |
4.3.2 Limited awareness and understanding of the benefits of low voltage induction motors in Cape Verde |
4.3.3 Challenges related to the maintenance and servicing of these motors |
5 Cape Verde Low Voltage Induction Motors Market Trends |
6 Cape Verde Low Voltage Induction Motors Market, By Types |
6.1 Cape Verde Low Voltage Induction Motors Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Low Voltage Induction Motors Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Cape Verde Low Voltage Induction Motors Market Revenues & Volume, By Single Phase, 2021- 2031F |
6.1.4 Cape Verde Low Voltage Induction Motors Market Revenues & Volume, By Poly Phase, 2021- 2031F |
6.2 Cape Verde Low Voltage Induction Motors Market, By End User Industry |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Low Voltage Induction Motors Market Revenues & Volume, By Metal and Mining, 2021- 2031F |
6.2.3 Cape Verde Low Voltage Induction Motors Market Revenues & Volume, By Oil and Gas, 2021- 2031F |
6.2.4 Cape Verde Low Voltage Induction Motors Market Revenues & Volume, By Chemicals and Petrochemicals, 2021- 2031F |
6.2.5 Cape Verde Low Voltage Induction Motors Market Revenues & Volume, By Water and Wastewater, 2021- 2031F |
6.2.6 Cape Verde Low Voltage Induction Motors Market Revenues & Volume, By Discrete Industries, 2021- 2031F |
6.2.7 Cape Verde Low Voltage Induction Motors Market Revenues & Volume, By Power Generation, 2021- 2031F |
7 Cape Verde Low Voltage Induction Motors Market Import-Export Trade Statistics |
7.1 Cape Verde Low Voltage Induction Motors Market Export to Major Countries |
7.2 Cape Verde Low Voltage Induction Motors Market Imports from Major Countries |
8 Cape Verde Low Voltage Induction Motors Market Key Performance Indicators |
8.1 Energy efficiency improvements in industrial and commercial sectors |
8.2 Adoption rate of low voltage induction motors in key industries |
8.3 Investment in renewable energy sources in Cape Verde to drive demand for low voltage induction motors |
9 Cape Verde Low Voltage Induction Motors Market - Opportunity Assessment |
9.1 Cape Verde Low Voltage Induction Motors Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Cape Verde Low Voltage Induction Motors Market Opportunity Assessment, By End User Industry, 2021 & 2031F |
10 Cape Verde Low Voltage Induction Motors Market - Competitive Landscape |
10.1 Cape Verde Low Voltage Induction Motors Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Low Voltage Induction Motors 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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