| Product Code: ETC7908836 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Latvia`s import of cryogenic process pumps in 2024 saw a steady increase, with top exporting countries being Poland, Germany, Finland, Sweden, and Belgium. The market showed moderate concentration levels based on the HHI, indicating a competitive landscape. The compound annual growth rate (CAGR) from 2020 to 2024 stood at a healthy 6.15%, showcasing sustained growth in the sector. Moreover, the growth rate from 2023 to 2024 spiked to 9.99%, highlighting a potentially lucrative market for cryogenic process pump imports in Latvia.

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 Latvia Cryogenic Process Pumps Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Cryogenic Process Pumps Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Cryogenic Process Pumps Market - Industry Life Cycle |
3.4 Latvia Cryogenic Process Pumps Market - Porter's Five Forces |
3.5 Latvia Cryogenic Process Pumps Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Cryogenic Process Pumps Market Revenues & Volume Share, By Cryogen, 2021 & 2031F |
3.7 Latvia Cryogenic Process Pumps Market Revenues & Volume Share, By End-User, 2021 & 2031F |
4 Latvia Cryogenic Process Pumps Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for cryogenic process pumps in various industries such as healthcare, food and beverage, and electronics. |
4.2.2 Growing investments in LNG infrastructure and related projects in Latvia. |
4.2.3 Focus on energy efficiency and sustainability driving the adoption of cryogenic process pumps. |
4.3 Market Restraints |
4.3.1 High initial investment required for cryogenic process pumps, limiting adoption among small and medium-sized enterprises. |
4.3.2 Technological complexities and specialized maintenance requirements for cryogenic process pumps. |
4.3.3 Stringent regulations and safety standards governing the handling and operation of cryogenic equipment. |
5 Latvia Cryogenic Process Pumps Market Trends |
6 Latvia Cryogenic Process Pumps Market, By Types |
6.1 Latvia Cryogenic Process Pumps Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Cryogenic Process Pumps Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Cryogenic Process Pumps Market Revenues & Volume, By Dynamic Pump, 2021- 2031F |
6.1.4 Latvia Cryogenic Process Pumps Market Revenues & Volume, By Positive Displacement Pump, 2021- 2031F |
6.2 Latvia Cryogenic Process Pumps Market, By Cryogen |
6.2.1 Overview and Analysis |
6.2.2 Latvia Cryogenic Process Pumps Market Revenues & Volume, By Nitrogen, 2021- 2031F |
6.2.3 Latvia Cryogenic Process Pumps Market Revenues & Volume, By Argon, 2021- 2031F |
6.2.4 Latvia Cryogenic Process Pumps Market Revenues & Volume, By Oxygen, 2021- 2031F |
6.2.5 Latvia Cryogenic Process Pumps Market Revenues & Volume, By LNG, 2021- 2031F |
6.2.6 Latvia Cryogenic Process Pumps Market Revenues & Volume, By Hydrogen, 2021- 2031F |
6.2.7 Latvia Cryogenic Process Pumps Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Latvia Cryogenic Process Pumps Market, By End-User |
6.3.1 Overview and Analysis |
6.3.2 Latvia Cryogenic Process Pumps Market Revenues & Volume, By Power Generation, 2021- 2031F |
6.3.3 Latvia Cryogenic Process Pumps Market Revenues & Volume, By Chemical, 2021- 2031F |
6.3.4 Latvia Cryogenic Process Pumps Market Revenues & Volume, By Healthcare, 2021- 2031F |
6.3.5 Latvia Cryogenic Process Pumps Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Cryogenic Process Pumps Market Import-Export Trade Statistics |
7.1 Latvia Cryogenic Process Pumps Market Export to Major Countries |
7.2 Latvia Cryogenic Process Pumps Market Imports from Major Countries |
8 Latvia Cryogenic Process Pumps Market Key Performance Indicators |
8.1 Energy efficiency improvements achieved by using cryogenic process pumps. |
8.2 Number of new LNG infrastructure projects initiated in Latvia. |
8.3 Adoption rate of cryogenic process pumps in key industries. |
8.4 Customer satisfaction levels with the performance and reliability of cryogenic process pumps. |
8.5 Number of innovations and advancements in cryogenic pump technology. |
9 Latvia Cryogenic Process Pumps Market - Opportunity Assessment |
9.1 Latvia Cryogenic Process Pumps Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Cryogenic Process Pumps Market Opportunity Assessment, By Cryogen, 2021 & 2031F |
9.3 Latvia Cryogenic Process Pumps Market Opportunity Assessment, By End-User, 2021 & 2031F |
10 Latvia Cryogenic Process Pumps Market - Competitive Landscape |
10.1 Latvia Cryogenic Process Pumps Market Revenue Share, By Companies, 2024 |
10.2 Latvia Cryogenic Process Pumps Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |