| 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 |
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.

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 |