| Product Code: ETC10164047 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
In 2024, Cape Verde continued to rely on power import shipments, with top countries including Portugal, United Kingdom, Spain, China, and Italy. The High Herfindahl-Hirschman Index (HHI) indicates a concentration among these suppliers. The impressive Compound Annual Growth Rate (CAGR) of 22.58% from 2020 to 2024 showcases the increasing demand for power imports in Cape Verde. Moreover, the remarkable growth rate of 98.91% from 2023 to 2024 highlights a significant surge in the country`s import activities in the energy sector.

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 Power Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Power Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Power Market - Industry Life Cycle |
3.4 Cape Verde Power Market - Porter's Five Forces |
3.5 Cape Verde Power Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Cape Verde Power Market Revenues & Volume Share, By Energy Source, 2021 & 2031F |
3.7 Cape Verde Power Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Cape Verde Power Market Revenues & Volume Share, By Technology, 2021 & 2031F |
4 Cape Verde Power Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for electricity due to population growth and urbanization in Cape Verde |
4.2.2 Government initiatives to improve energy infrastructure and increase access to electricity |
4.2.3 Growth in renewable energy investments and projects in Cape Verde |
4.3 Market Restraints |
4.3.1 Dependence on imported fuel for electricity generation leading to high energy costs |
4.3.2 Limited financial resources for infrastructure development and capacity expansion |
4.3.3 Vulnerability to climate change impacts affecting energy production and distribution |
5 Cape Verde Power Market Trends |
6 Cape Verde Power Market, By Types |
6.1 Cape Verde Power Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Power Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Cape Verde Power Market Revenues & Volume, By Renewable Power, 2021 - 2031F |
6.1.4 Cape Verde Power Market Revenues & Volume, By Non-Renewable Power, 2021 - 2031F |
6.1.5 Cape Verde Power Market Revenues & Volume, By Hybrid Power, 2021 - 2031F |
6.1.6 Cape Verde Power Market Revenues & Volume, By Utility Power, 2021 - 2031F |
6.1.7 Cape Verde Power Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 Cape Verde Power Market, By Energy Source |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Power Market Revenues & Volume, By Solar, 2021 - 2031F |
6.2.3 Cape Verde Power Market Revenues & Volume, By Coal, 2021 - 2031F |
6.2.4 Cape Verde Power Market Revenues & Volume, By Hydro, 2021 - 2031F |
6.2.5 Cape Verde Power Market Revenues & Volume, By Wind, 2021 - 2031F |
6.2.6 Cape Verde Power Market Revenues & Volume, By Nuclear, 2021 - 2031F |
6.3 Cape Verde Power Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Cape Verde Power Market Revenues & Volume, By Residential, 2021 - 2031F |
6.3.3 Cape Verde Power Market Revenues & Volume, By Industrial, 2021 - 2031F |
6.3.4 Cape Verde Power Market Revenues & Volume, By Commercial, 2021 - 2031F |
6.3.5 Cape Verde Power Market Revenues & Volume, By Utility, 2021 - 2031F |
6.3.6 Cape Verde Power Market Revenues & Volume, By Off-grid, 2021 - 2031F |
6.4 Cape Verde Power Market, By Technology |
6.4.1 Overview and Analysis |
6.4.2 Cape Verde Power Market Revenues & Volume, By Distributed Generation, 2021 - 2031F |
6.4.3 Cape Verde Power Market Revenues & Volume, By Smart Grid, 2021 - 2031F |
6.4.4 Cape Verde Power Market Revenues & Volume, By Microgrid, 2021 - 2031F |
6.4.5 Cape Verde Power Market Revenues & Volume, By Demand Response, 2021 - 2031F |
6.4.6 Cape Verde Power Market Revenues & Volume, By Energy Storage, 2021 - 2031F |
7 Cape Verde Power Market Import-Export Trade Statistics |
7.1 Cape Verde Power Market Export to Major Countries |
7.2 Cape Verde Power Market Imports from Major Countries |
8 Cape Verde Power Market Key Performance Indicators |
8.1 Renewable energy capacity additions in Cape Verde |
8.2 Percentage of population with access to electricity |
8.3 Investment in energy infrastructure projects |
8.4 Energy efficiency improvements in the power sector |
8.5 Adoption of clean energy technologies in the power market |
9 Cape Verde Power Market - Opportunity Assessment |
9.1 Cape Verde Power Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Cape Verde Power Market Opportunity Assessment, By Energy Source, 2021 & 2031F |
9.3 Cape Verde Power Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Cape Verde Power Market Opportunity Assessment, By Technology, 2021 & 2031F |
10 Cape Verde Power Market - Competitive Landscape |
10.1 Cape Verde Power Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Power Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |