| Product Code: ETC7917063 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia continued to rely on key exporters such as Germany, Belgium, Italy, China, and Estonia for its oil and gas compressor imports. Despite a slight decline in growth rate from 2023 to 2024, the industry maintained a healthy Compound Annual Growth Rate (CAGR) of 9.44% over the period of 2020-2024. The High Herfindahl-Hirschman Index (HHI) indicates a market with significant concentration among a few major suppliers, highlighting a competitive landscape worth monitoring for future developments.

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 Oil and Gas Compressor Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Oil and Gas Compressor Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Oil and Gas Compressor Market - Industry Life Cycle |
3.4 Latvia Oil and Gas Compressor Market - Porter's Five Forces |
3.5 Latvia Oil and Gas Compressor Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Oil and Gas Compressor Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Oil and Gas Compressor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy in Latvia |
4.2.2 Growth in oil and gas exploration activities in the region |
4.2.3 Technological advancements in compressor systems |
4.3 Market Restraints |
4.3.1 Volatility in oil and gas prices |
4.3.2 Stringent environmental regulations impacting the industry |
4.3.3 Competition from alternative energy sources |
5 Latvia Oil and Gas Compressor Market Trends |
6 Latvia Oil and Gas Compressor Market, By Types |
6.1 Latvia Oil and Gas Compressor Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Oil and Gas Compressor Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Oil and Gas Compressor Market Revenues & Volume, By Reciprocating, 2021- 2031F |
6.1.4 Latvia Oil and Gas Compressor Market Revenues & Volume, By Screw, 2021- 2031F |
6.2 Latvia Oil and Gas Compressor Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Oil and Gas Compressor Market Revenues & Volume, By Upstream, 2021- 2031F |
6.2.3 Latvia Oil and Gas Compressor Market Revenues & Volume, By Downstream, 2021- 2031F |
6.2.4 Latvia Oil and Gas Compressor Market Revenues & Volume, By Midstream, 2021- 2031F |
7 Latvia Oil and Gas Compressor Market Import-Export Trade Statistics |
7.1 Latvia Oil and Gas Compressor Market Export to Major Countries |
7.2 Latvia Oil and Gas Compressor Market Imports from Major Countries |
8 Latvia Oil and Gas Compressor Market Key Performance Indicators |
8.1 Average utilization rate of oil and gas compressors |
8.2 Maintenance costs as a percentage of total revenue |
8.3 Energy efficiency improvements in compressor systems |
8.4 Number of new contracts or projects in the oil and gas sector |
8.5 Investment in research and development for compressor technology |
9 Latvia Oil and Gas Compressor Market - Opportunity Assessment |
9.1 Latvia Oil and Gas Compressor Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Oil and Gas Compressor Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Oil and Gas Compressor Market - Competitive Landscape |
10.1 Latvia Oil and Gas Compressor Market Revenue Share, By Companies, 2024 |
10.2 Latvia Oil and Gas Compressor Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |