| Product Code: ETC5700681 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The market for package boilers in Latvia saw a shift in concentration levels from very high in 2023 to moderate in 2024, indicating a more balanced distribution of import shipments. Top exporting countries such as Germany, Denmark, Sweden, Estonia, and Italy played key roles in supplying these boilers to Latvia in 2024. However, the market experienced a significant decline with a CAGR of -15.82% from 2020 to 2024 and a sharp growth rate decrease of -61.02% from 2023 to 2024. Monitoring these trends will be crucial for stakeholders in the industry to adapt to the changing market dynamics.

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 Package Boilers Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Package Boilers Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Package Boilers Market - Industry Life Cycle |
3.4 Latvia Package Boilers Market - Porter's Five Forces |
3.5 Latvia Package Boilers Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Package Boilers Market Revenues & Volume Share, By Fuel, 2021 & 2031F |
3.7 Latvia Package Boilers Market Revenues & Volume Share, By Design, 2021 & 2031F |
4 Latvia Package Boilers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Government initiatives promoting energy efficiency and sustainable development in Latvia |
4.2.2 Increasing demand for reliable and efficient heating solutions in residential and commercial sectors |
4.2.3 Growth in industrial activities and construction projects driving the need for package boilers in Latvia |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with purchasing and installing package boilers |
4.3.2 Fluctuations in raw material prices impacting manufacturing costs and pricing of package boilers |
4.3.3 Stringent environmental regulations and emission standards affecting the market dynamics |
5 Latvia Package Boilers Market Trends |
6 Latvia Package Boilers Market Segmentations |
6.1 Latvia Package Boilers Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Package Boilers Market Revenues & Volume, By Fire-Tube, 2021-2031F |
6.1.3 Latvia Package Boilers Market Revenues & Volume, By Water-Tube, 2021-2031F |
6.1.4 Latvia Package Boilers Market Revenues & Volume, By Electric, 2021-2031F |
6.2 Latvia Package Boilers Market, By Fuel |
6.2.1 Overview and Analysis |
6.2.2 Latvia Package Boilers Market Revenues & Volume, By Oil, 2021-2031F |
6.2.3 Latvia Package Boilers Market Revenues & Volume, By Gas, 2021-2031F |
6.2.4 Latvia Package Boilers Market Revenues & Volume, By Biomass, 2021-2031F |
6.3 Latvia Package Boilers Market, By Design |
6.3.1 Overview and Analysis |
6.3.2 Latvia Package Boilers Market Revenues & Volume, By D- Type, 2021-2031F |
6.3.3 Latvia Package Boilers Market Revenues & Volume, By A- Type, 2021-2031F |
6.3.4 Latvia Package Boilers Market Revenues & Volume, By O- Type, 2021-2031F |
7 Latvia Package Boilers Market Import-Export Trade Statistics |
7.1 Latvia Package Boilers Market Export to Major Countries |
7.2 Latvia Package Boilers Market Imports from Major Countries |
8 Latvia Package Boilers Market Key Performance Indicators |
8.1 Energy efficiency ratings of package boilers being introduced in the market |
8.2 Adoption rate of eco-friendly and sustainable boiler technologies in Latvia |
8.3 Number of new construction projects and industrial installations requiring package boilers |
8.4 Rate of replacement and upgrades of existing boiler systems in the market |
8.5 Investment in research and development for innovative boiler technologies in Latvia |
9 Latvia Package Boilers Market - Opportunity Assessment |
9.1 Latvia Package Boilers Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Package Boilers Market Opportunity Assessment, By Fuel, 2021 & 2031F |
9.3 Latvia Package Boilers Market Opportunity Assessment, By Design, 2021 & 2031F |
10 Latvia Package Boilers Market - Competitive Landscape |
10.1 Latvia Package Boilers Market Revenue Share, By Companies, 2024 |
10.2 Latvia Package Boilers Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |