| Product Code: ETC4714505 | 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 a diverse range of piezoelectric devices imports, with top exporters including Taiwan, Province of China, Metropolitan France, Sweden, Lithuania, and Germany. Despite the variety of exporting countries, the market remained relatively unconcentrated with a low Herfindahl-Hirschman Index (HHI). The compound annual growth rate (CAGR) from 2020 to 2024 stood at a steady 4.06%. However, there was a significant decline in growth rate from 2023 to 2024, dropping by -45.28%, which may indicate shifting market dynamics or temporary challenges in the industry.

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 Piezoelectric Devices Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Piezoelectric Devices Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Piezoelectric Devices Market - Industry Life Cycle |
3.4 Latvia Piezoelectric Devices Market - Porter's Five Forces |
3.5 Latvia Piezoelectric Devices Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Latvia Piezoelectric Devices Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.7 Latvia Piezoelectric Devices Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Piezoelectric Devices Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for piezoelectric devices in various industries such as healthcare, automotive, and consumer electronics. |
4.2.2 Technological advancements leading to improved performance and efficiency of piezoelectric devices. |
4.2.3 Growing focus on energy harvesting solutions driving the adoption of piezoelectric devices. |
4.2.4 Government initiatives promoting the use of sustainable and energy-efficient technologies in Latvia. |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with the development and implementation of piezoelectric devices. |
4.3.2 Limited awareness and understanding of piezoelectric technology among potential end-users. |
4.3.3 Challenges related to standardization and compatibility of piezoelectric devices with existing systems in Latvia. |
4.3.4 Supply chain disruptions impacting the availability of raw materials for piezoelectric device manufacturing. |
5 Latvia Piezoelectric Devices Market Trends |
6 Latvia Piezoelectric Devices Market Segmentations |
6.1 Latvia Piezoelectric Devices Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Latvia Piezoelectric Devices Market Revenues & Volume, By Piezoelectric Sensors, 2021-2031F |
6.1.3 Latvia Piezoelectric Devices Market Revenues & Volume, By Piezoelectric Actuators, 2021-2031F |
6.1.4 Latvia Piezoelectric Devices Market Revenues & Volume, By Piezoelectric Motors, 2021-2031F |
6.1.5 Latvia Piezoelectric Devices Market Revenues & Volume, By Piezoelectric Transducers, 2021-2031F |
6.1.6 Latvia Piezoelectric Devices Market Revenues & Volume, By Piezoelectric Generators, 2021-2031F |
6.1.7 Latvia Piezoelectric Devices Market Revenues & Volume, By Others, 2021-2031F |
6.2 Latvia Piezoelectric Devices Market, By Material |
6.2.1 Overview and Analysis |
6.2.2 Latvia Piezoelectric Devices Market Revenues & Volume, By Piezoelectric Crystals, 2021-2031F |
6.2.3 Latvia Piezoelectric Devices Market Revenues & Volume, By Piezoelectric Ceramics, 2021-2031F |
6.2.4 Latvia Piezoelectric Devices Market Revenues & Volume, By Piezoelectric Polymers, 2021-2031F |
6.2.5 Latvia Piezoelectric Devices Market Revenues & Volume, By Piezoelectric Composites, 2021-2031F |
6.3 Latvia Piezoelectric Devices Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Latvia Piezoelectric Devices Market Revenues & Volume, By Aerospace & Defense, 2021-2031F |
6.3.3 Latvia Piezoelectric Devices Market Revenues & Volume, By Industrial & Manufacturing, 2021-2031F |
6.3.4 Latvia Piezoelectric Devices Market Revenues & Volume, By Automotive, 2021-2031F |
6.3.5 Latvia Piezoelectric Devices Market Revenues & Volume, By Healthcare, 2021-2031F |
6.3.6 Latvia Piezoelectric Devices Market Revenues & Volume, By Information & Communication, 2021-2031F |
6.3.7 Latvia Piezoelectric Devices Market Revenues & Volume, By Consumer Electronics, 2021-2031F |
7 Latvia Piezoelectric Devices Market Import-Export Trade Statistics |
7.1 Latvia Piezoelectric Devices Market Export to Major Countries |
7.2 Latvia Piezoelectric Devices Market Imports from Major Countries |
8 Latvia Piezoelectric Devices Market Key Performance Indicators |
8.1 Research and development investment in piezoelectric technology. |
8.2 Adoption rate of piezoelectric devices in key industries. |
8.3 Number of patents filed for new piezoelectric technologies. |
8.4 Efficiency improvements in piezoelectric devices over time. |
8.5 Number of partnerships and collaborations for technology advancement in the piezoelectric devices market. |
9 Latvia Piezoelectric Devices Market - Opportunity Assessment |
9.1 Latvia Piezoelectric Devices Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Latvia Piezoelectric Devices Market Opportunity Assessment, By Material, 2021 & 2031F |
9.3 Latvia Piezoelectric Devices Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Piezoelectric Devices Market - Competitive Landscape |
10.1 Latvia Piezoelectric Devices Market Revenue Share, By Companies, 2024 |
10.2 Latvia Piezoelectric Devices Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |