Latvia Gas Engines Market (2025-2031) | Size, Value, Industry, Analysis, Companies, Share, Forecast, Segmentation, Outlook, Revenue, Growth & Trends

Market Forecast By Fuel Type (Natural Gas, Special Gas, Others), By Power Output (0.5‚œ1 MW, 1‚œ2 MW, 2‚œ5 MW, 5‚œ10 MW, 10‚œ20 MW), By Application (Power Generation, Cogeneration, Mechanical Drive, Others), By End-User (Utilities, Oil & Gas, Manufacturing, Others) And Competitive Landscape
Product Code: ETC4675137 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

Latvia Gas Engines Market Top 5 Importing Countries and Market Competition (HHI) Analysis

In 2024, Latvia saw significant gas engines import shipments from key countries including Hungary, Germany, Finland, Netherlands, and the USA. Despite a negative Compound Annual Growth Rate (CAGR) of -11.8% from 2020 to 2024, there was a substantial decline in growth rate from 2023 to 2024 at -30.61%. The Herfindahl-Hirschman Index (HHI) indicated moderate concentration in the market, suggesting a relatively competitive landscape for gas engine imports in Latvia. This data reflects the evolving dynamics of the market and the importance of these top exporting countries in supplying gas engines to meet Latvia`s demand.

Latvia Gas Engines Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

  • Latvia Gas Engines Market Outlook
  • Market Size of Latvia Gas Engines Market, 2024
  • Forecast of Latvia Gas Engines Market, 2031
  • Historical Data and Forecast of Latvia Gas Engines Revenues & Volume for the Period 2021-2031
  • Latvia Gas Engines Market Trend Evolution
  • Latvia Gas Engines Market Drivers and Challenges
  • Latvia Gas Engines Price Trends
  • Latvia Gas Engines Porter`s Five Forces
  • Latvia Gas Engines Industry Life Cycle
  • Historical Data and Forecast of Latvia Gas Engines Market Revenues & Volume By Fuel Type for the Period 2021-2031
  • Historical Data and Forecast of Latvia Gas Engines Market Revenues & Volume By Natural Gas for the Period 2021-2031
  • Historical Data and Forecast of Latvia Gas Engines Market Revenues & Volume By Special Gas for the Period 2021-2031
  • Historical Data and Forecast of Latvia Gas Engines Market Revenues & Volume By Others for the Period 2021-2031
  • Historical Data and Forecast of Latvia Gas Engines Market Revenues & Volume By Power Output for the Period 2021-2031
  • Historical Data and Forecast of Latvia Gas Engines Market Revenues & Volume By 0.5???1 MW for the Period 2021-2031
  • Historical Data and Forecast of Latvia Gas Engines Market Revenues & Volume By 1???2 MW for the Period 2021-2031
  • Historical Data and Forecast of Latvia Gas Engines Market Revenues & Volume By 2???5 MW for the Period 2021-2031
  • Historical Data and Forecast of Latvia Gas Engines Market Revenues & Volume By 5???10 MW for the Period 2021-2031
  • Historical Data and Forecast of Latvia Gas Engines Market Revenues & Volume By 10???20 MW for the Period 2021-2031
  • Historical Data and Forecast of Latvia Gas Engines Market Revenues & Volume By Application for the Period 2021-2031
  • Historical Data and Forecast of Latvia Gas Engines Market Revenues & Volume By Power Generation for the Period 2021-2031
  • Historical Data and Forecast of Latvia Gas Engines Market Revenues & Volume By Cogeneration for the Period 2021-2031
  • Historical Data and Forecast of Latvia Gas Engines Market Revenues & Volume By Mechanical Drive for the Period 2021-2031
  • Historical Data and Forecast of Latvia Gas Engines Market Revenues & Volume By Others for the Period 2021-2031
  • Historical Data and Forecast of Latvia Gas Engines Market Revenues & Volume By End-User for the Period 2021-2031
  • Historical Data and Forecast of Latvia Gas Engines Market Revenues & Volume By Utilities for the Period 2021-2031
  • Historical Data and Forecast of Latvia Gas Engines Market Revenues & Volume By Oil & Gas for the Period 2021-2031
  • Historical Data and Forecast of Latvia Gas Engines Market Revenues & Volume By Manufacturing for the Period 2021-2031
  • Historical Data and Forecast of Latvia Gas Engines Market Revenues & Volume By Others for the Period 2021-2031
  • Latvia Gas Engines Import Export Trade Statistics
  • Market Opportunity Assessment By Fuel Type
  • Market Opportunity Assessment By Power Output
  • Market Opportunity Assessment By Application
  • Market Opportunity Assessment By End-User
  • Latvia Gas Engines Top Companies Market Share
  • Latvia Gas Engines Competitive Benchmarking By Technical and Operational Parameters
  • Latvia Gas Engines Company Profiles
  • Latvia Gas Engines Key Strategic Recommendations

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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 Gas Engines Market Overview

3.1 Latvia Country Macro Economic Indicators

3.2 Latvia Gas Engines Market Revenues & Volume, 2021 & 2031F

3.3 Latvia Gas Engines Market - Industry Life Cycle

3.4 Latvia Gas Engines Market - Porter's Five Forces

3.5 Latvia Gas Engines Market Revenues & Volume Share, By Fuel Type, 2021 & 2031F

3.6 Latvia Gas Engines Market Revenues & Volume Share, By Power Output, 2021 & 2031F

3.7 Latvia Gas Engines Market Revenues & Volume Share, By Application, 2021 & 2031F

3.8 Latvia Gas Engines Market Revenues & Volume Share, By End-User, 2021 & 2031F

4 Latvia Gas Engines Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing focus on environmental sustainability leading to a shift towards cleaner energy sources like natural gas.

4.2.2 Rising demand for combined heat and power (CHP) systems in various industries to improve energy efficiency.

4.2.3 Government initiatives promoting the use of natural gas engines for power generation.

4.3 Market Restraints

4.3.1 High initial investment costs associated with gas engine systems may hinder market growth.

4.3.2 Limited availability of natural gas infrastructure in certain regions of Latvia.

4.3.3 Fluctuating prices of natural gas impacting the cost-effectiveness of gas engines.

5 Latvia Gas Engines Market Trends

6 Latvia Gas Engines Market Segmentations

6.1 Latvia Gas Engines Market, By Fuel Type

6.1.1 Overview and Analysis

6.1.2 Latvia Gas Engines Market Revenues & Volume, By Natural Gas, 2021-2031F

6.1.3 Latvia Gas Engines Market Revenues & Volume, By Special Gas, 2021-2031F

6.1.4 Latvia Gas Engines Market Revenues & Volume, By Others, 2021-2031F

6.2 Latvia Gas Engines Market, By Power Output

6.2.1 Overview and Analysis

6.2.2 Latvia Gas Engines Market Revenues & Volume, By 0.5? ??1 MW, 2021-2031F

6.2.3 Latvia Gas Engines Market Revenues & Volume, By 1? ??2 MW, 2021-2031F

6.2.4 Latvia Gas Engines Market Revenues & Volume, By 2? ??5 MW, 2021-2031F

6.2.5 Latvia Gas Engines Market Revenues & Volume, By 5? ??10 MW, 2021-2031F

6.2.6 Latvia Gas Engines Market Revenues & Volume, By ? 10? ??20 MW, 2021-2031F

6.3 Latvia Gas Engines Market, By Application

6.3.1 Overview and Analysis

6.3.2 Latvia Gas Engines Market Revenues & Volume, By Power Generation, 2021-2031F

6.3.3 Latvia Gas Engines Market Revenues & Volume, By Cogeneration, 2021-2031F

6.3.4 Latvia Gas Engines Market Revenues & Volume, By Mechanical Drive, 2021-2031F

6.3.5 Latvia Gas Engines Market Revenues & Volume, By Others, 2021-2031F

6.4 Latvia Gas Engines Market, By End-User

6.4.1 Overview and Analysis

6.4.2 Latvia Gas Engines Market Revenues & Volume, By Utilities, 2021-2031F

6.4.3 Latvia Gas Engines Market Revenues & Volume, By Oil & Gas, 2021-2031F

6.4.4 Latvia Gas Engines Market Revenues & Volume, By Manufacturing, 2021-2031F

6.4.5 Latvia Gas Engines Market Revenues & Volume, By Others, 2021-2031F

7 Latvia Gas Engines Market Import-Export Trade Statistics

7.1 Latvia Gas Engines Market Export to Major Countries

7.2 Latvia Gas Engines Market Imports from Major Countries

8 Latvia Gas Engines Market Key Performance Indicators

8.1 Percentage increase in installations of gas engines for CHP applications.

8.2 Average efficiency improvement achieved by using gas engines compared to traditional power generation methods.

8.3 Number of government policies and incentives supporting the adoption of natural gas engines in Latvia.

9 Latvia Gas Engines Market - Opportunity Assessment

9.1 Latvia Gas Engines Market Opportunity Assessment, By Fuel Type, 2021 & 2031F

9.2 Latvia Gas Engines Market Opportunity Assessment, By Power Output, 2021 & 2031F

9.3 Latvia Gas Engines Market Opportunity Assessment, By Application, 2021 & 2031F

9.4 Latvia Gas Engines Market Opportunity Assessment, By End-User, 2021 & 2031F

10 Latvia Gas Engines Market - Competitive Landscape

10.1 Latvia Gas Engines Market Revenue Share, By Companies, 2024

10.2 Latvia Gas Engines Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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