| Product Code: ETC5875139 | 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 thermal systems import market in 2024 continued to be dominated by top exporters such as Spain, Portugal, Germany, France, and the United States. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, with limited competition. The negative Compound Annual Growth Rate (CAGR) of -43.5% from 2020-24 and a decline in growth rate of -40.86% in 2024 suggest a challenging environment for the thermal systems sector in Cape Verde, potentially impacted by various factors such as economic conditions and market dynamics.

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 Thermal Systems Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Thermal Systems Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Thermal Systems Market - Industry Life Cycle |
3.4 Cape Verde Thermal Systems Market - Porter's Five Forces |
3.5 Cape Verde Thermal Systems Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 Cape Verde Thermal Systems Market Revenues & Volume Share, By Vehicle, 2021 & 2031F |
4 Cape Verde Thermal Systems Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing focus on renewable energy sources and sustainability initiatives in Cape Verde |
4.2.2 Government incentives and policies promoting the adoption of thermal systems |
4.2.3 Growth in tourism industry leading to higher demand for thermal systems in hotels and resorts |
4.3 Market Restraints |
4.3.1 High initial costs of installing thermal systems |
4.3.2 Limited availability of skilled workforce for maintenance and repair of thermal systems |
4.3.3 Dependency on imported technology and components leading to supply chain risks |
5 Cape Verde Thermal Systems Market Trends |
6 Cape Verde Thermal Systems Market Segmentations |
6.1 Cape Verde Thermal Systems Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Thermal Systems Market Revenues & Volume, By Front & Rear A/C, 2021-2031F |
6.1.3 Cape Verde Thermal Systems Market Revenues & Volume, By Powertrain, 2021-2031F |
6.1.4 Cape Verde Thermal Systems Market Revenues & Volume, By Seat, 2021-2031F |
6.1.5 Cape Verde Thermal Systems Market Revenues & Volume, By Steering, 2021-2031F |
6.1.6 Cape Verde Thermal Systems Market Revenues & Volume, By Battery, 2021-2031F |
6.1.7 Cape Verde Thermal Systems Market Revenues & Volume, By Motor, 2021-2031F |
6.1.9 Cape Verde Thermal Systems Market Revenues & Volume, By Waste Heat Recovery, 2021-2031F |
6.1.10 Cape Verde Thermal Systems Market Revenues & Volume, By Waste Heat Recovery, 2021-2031F |
6.2 Cape Verde Thermal Systems Market, By Vehicle |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Thermal Systems Market Revenues & Volume, By ICE, 2021-2031F |
6.2.3 Cape Verde Thermal Systems Market Revenues & Volume, By Electric, 2021-2031F |
6.2.4 Cape Verde Thermal Systems Market Revenues & Volume, By Off-Vehicle & ATV, 2021-2031F |
7 Cape Verde Thermal Systems Market Import-Export Trade Statistics |
7.1 Cape Verde Thermal Systems Market Export to Major Countries |
7.2 Cape Verde Thermal Systems Market Imports from Major Countries |
8 Cape Verde Thermal Systems Market Key Performance Indicators |
8.1 Percentage of energy consumption from renewable sources in Cape Verde |
8.2 Number of government initiatives supporting the use of thermal systems |
8.3 Growth rate of the tourism industry in Cape Verde |
8.4 Percentage of buildings using thermal systems for heating and cooling |
8.5 Average maintenance response time for thermal system providers |
9 Cape Verde Thermal Systems Market - Opportunity Assessment |
9.1 Cape Verde Thermal Systems Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 Cape Verde Thermal Systems Market Opportunity Assessment, By Vehicle, 2021 & 2031F |
10 Cape Verde Thermal Systems Market - Competitive Landscape |
10.1 Cape Verde Thermal Systems Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Thermal Systems 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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