| Product Code: ETC5224522 | 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 rely heavily on imports of air heaters, with top exporting countries being Portugal, Spain, China, Belgium, and the United States. The High Herfindahl-Hirschman Index (HHI) indicates a very high concentration of imports in the market. However, the industry experienced a significant decline with a Compound Annual Growth Rate (CAGR) of -15.6% from 2020 to 2024. The growth rate from 2023 to 2024 plummeted even further to -54.48%, suggesting challenging market conditions for air heater imports in Cape Verde.

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 Air Heaters Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Air Heaters Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Air Heaters Market - Industry Life Cycle |
3.4 Cape Verde Air Heaters Market - Porter's Five Forces |
3.5 Cape Verde Air Heaters Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Cape Verde Air Heaters Market Revenues & Volume Share, By End-users, 2021 & 2031F |
4 Cape Verde Air Heaters Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient heating solutions in Cape Verde |
4.2.2 Government initiatives promoting the adoption of renewable energy sources |
4.2.3 Growing awareness about the importance of indoor air quality in residential and commercial spaces |
4.3 Market Restraints |
4.3.1 High initial cost of purchasing and installing air heaters |
4.3.2 Limited availability of skilled technicians for maintenance and repair services |
4.3.3 Fluctuations in raw material prices impacting the manufacturing cost of air heaters |
5 Cape Verde Air Heaters Market Trends |
6 Cape Verde Air Heaters Market Segmentations |
6.1 Cape Verde Air Heaters Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Air Heaters Market Revenues & Volume, By Indirect Fired Air Heaters, 2021-2031F |
6.1.3 Cape Verde Air Heaters Market Revenues & Volume, By Direct Fired Air Heaters, 2021-2031F |
6.1.4 Cape Verde Air Heaters Market Revenues & Volume, By Duct Heater, 2021-2031F | 6.1.6 Cape Verde Air Heaters Market Revenues & Volume, By Portable Air Heater, 2021-2031F |
6.1.6 Cape Verde Air Heaters Market Revenues & Volume, By Others, 2021-2031F |
6.2 Cape Verde Air Heaters Market, By End-users |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Air Heaters Market Revenues & Volume, By Packaging, 2021-2031F |
6.2.3 Cape Verde Air Heaters Market Revenues & Volume, By Drying, 2021-2031F |
6.2.4 Cape Verde Air Heaters Market Revenues & Volume, By Sealing, 2021-2031F |
6.2.5 Cape Verde Air Heaters Market Revenues & Volume, By Others, 2021-2031F |
7 Cape Verde Air Heaters Market Import-Export Trade Statistics |
7.1 Cape Verde Air Heaters Market Export to Major Countries |
7.2 Cape Verde Air Heaters Market Imports from Major Countries |
8 Cape Verde Air Heaters Market Key Performance Indicators |
8.1 Energy efficiency rating of air heaters in the market |
8.2 Number of installations of air heaters in residential and commercial buildings |
8.3 Percentage increase in the adoption of renewable energy-based heating solutions in Cape Verde |
9 Cape Verde Air Heaters Market - Opportunity Assessment |
9.1 Cape Verde Air Heaters Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Cape Verde Air Heaters Market Opportunity Assessment, By End-users, 2021 & 2031F |
10 Cape Verde Air Heaters Market - Competitive Landscape |
10.1 Cape Verde Air Heaters Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Air Heaters 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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