| Product Code: ETC5397156 | 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 |
In 2024, Cape Verde continued to heavily rely on imports of underfloor heating systems, with top suppliers being Portugal, China, Spain, Germany, and Belgium. The high Herfindahl-Hirschman Index (HHI) suggests a concentrated market. However, the industry experienced a concerning decline with a negative compound annual growth rate (CAGR) of -13.29% from 2020-2024 and a sharp decline in growth rate from 2023-24 at -41.18%. Stakeholders should closely monitor market dynamics and explore strategies to stimulate demand and drive growth in this 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 Underfloor Heating Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Underfloor Heating Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Underfloor Heating Market - Industry Life Cycle |
3.4 Cape Verde Underfloor Heating Market - Porter's Five Forces |
3.5 Cape Verde Underfloor Heating Market Revenues & Volume Share, By Offering, 2021 & 2031F |
3.6 Cape Verde Underfloor Heating Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7 Cape Verde Underfloor Heating Market Revenues & Volume Share, By Installation Type, 2021 & 2031F |
3.8 Cape Verde Underfloor Heating Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Cape Verde Underfloor Heating Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient heating solutions |
4.2.2 Growing construction industry in Cape Verde |
4.2.3 Rising awareness about the benefits of underfloor heating systems |
4.3 Market Restraints |
4.3.1 High initial installation costs |
4.3.2 Limited availability of skilled professionals for installation and maintenance |
4.3.3 Lack of awareness among consumers about underfloor heating technology |
5 Cape Verde Underfloor Heating Market Trends |
6 Cape Verde Underfloor Heating Market Segmentations |
6.1 Cape Verde Underfloor Heating Market, By Offering |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Underfloor Heating Market Revenues & Volume, By Hardware, 2021-2031F |
6.1.3 Cape Verde Underfloor Heating Market Revenues & Volume, By Service, 2021-2031F |
6.2 Cape Verde Underfloor Heating Market, By Product Type |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Underfloor Heating Market Revenues & Volume, By Hydronic Underfloor Heating, 2021-2031F |
6.2.3 Cape Verde Underfloor Heating Market Revenues & Volume, By Heating Pipes, 2021-2031F |
6.2.4 Cape Verde Underfloor Heating Market Revenues & Volume, By Thermostats and Sensors, 2021-2031F |
6.2.5 Cape Verde Underfloor Heating Market Revenues & Volume, By Thermal Actuators, 2021-2031F |
6.2.6 Cape Verde Underfloor Heating Market Revenues & Volume, By Zone Valves, 2021-2031F |
6.2.7 Cape Verde Underfloor Heating Market Revenues & Volume, By Wiring Centers, 2021-2031F |
6.2.8 Cape Verde Underfloor Heating Market Revenues & Volume, By Electric Underfloor Heating, 2021-2031F |
6.2.9 Cape Verde Underfloor Heating Market Revenues & Volume, By Electric Underfloor Heating, 2021-2031F |
6.3 Cape Verde Underfloor Heating Market, By Installation Type |
6.3.1 Overview and Analysis |
6.3.2 Cape Verde Underfloor Heating Market Revenues & Volume, By New Installation, 2021-2031F |
6.3.3 Cape Verde Underfloor Heating Market Revenues & Volume, By Retrofit Installation, 2021-2031F |
6.4 Cape Verde Underfloor Heating Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Cape Verde Underfloor Heating Market Revenues & Volume, By Residential, 2021-2031F |
6.4.3 Cape Verde Underfloor Heating Market Revenues & Volume, By Commercial, 2021-2031F |
6.4.4 Cape Verde Underfloor Heating Market Revenues & Volume, By Industrial, 2021-2031F |
6.4.5 Cape Verde Underfloor Heating Market Revenues & Volume, By Healthcare, 2021-2031F |
6.4.6 Cape Verde Underfloor Heating Market Revenues & Volume, By Sports & Entertainment, 2021-2031F |
6.4.7 Cape Verde Underfloor Heating Market Revenues & Volume, By Others, 2021-2031F |
7 Cape Verde Underfloor Heating Market Import-Export Trade Statistics |
7.1 Cape Verde Underfloor Heating Market Export to Major Countries |
7.2 Cape Verde Underfloor Heating Market Imports from Major Countries |
8 Cape Verde Underfloor Heating Market Key Performance Indicators |
8.1 Average energy savings achieved by households using underfloor heating systems |
8.2 Number of new construction projects incorporating underfloor heating systems |
8.3 Percentage increase in underfloor heating system installations compared to traditional heating systems |
8.4 Customer satisfaction ratings for underfloor heating system performance |
8.5 Number of training programs conducted for professionals in underfloor heating installation and maintenance |
9 Cape Verde Underfloor Heating Market - Opportunity Assessment |
9.1 Cape Verde Underfloor Heating Market Opportunity Assessment, By Offering, 2021 & 2031F |
9.2 Cape Verde Underfloor Heating Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.3 Cape Verde Underfloor Heating Market Opportunity Assessment, By Installation Type, 2021 & 2031F |
9.4 Cape Verde Underfloor Heating Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Cape Verde Underfloor Heating Market - Competitive Landscape |
10.1 Cape Verde Underfloor Heating Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Underfloor Heating Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
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