| Product Code: ETC5767713 | 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 surge protection devices import market in Latvia experienced significant growth in 2024, with key exporting countries being Hungary, Lithuania, Sweden, Germany, and Denmark. The market concentration, as measured by the HHI, decreased from moderate to low in 2024, indicating a more competitive landscape. The impressive CAGR of 24.7% from 2020 to 2024 highlights the increasing demand for surge protection devices in Latvia. Additionally, the growth rate of 15.77% in 2024 suggests a continued upward trajectory for the market, presenting opportunities for both domestic and international suppliers.

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 Surge Protection Devices Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Surge Protection Devices Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Surge Protection Devices Market - Industry Life Cycle |
3.4 Latvia Surge Protection Devices Market - Porter's Five Forces |
3.5 Latvia Surge Protection Devices Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Surge Protection Devices Market Revenues & Volume Share, By Discharge Current, 2021 & 2031F |
3.7 Latvia Surge Protection Devices Market Revenues & Volume Share, By End-User, 2021 & 2031F |
4 Latvia Surge Protection Devices Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for electronic devices and appliances in Latvia |
4.2.2 Growing awareness regarding the importance of surge protection for electrical equipment |
4.2.3 Rise in investments in infrastructure development projects in the country |
4.3 Market Restraints |
4.3.1 Price volatility of raw materials used in surge protection devices |
4.3.2 Lack of standardization and regulations in the surge protection devices market in Latvia |
5 Latvia Surge Protection Devices Market Trends |
6 Latvia Surge Protection Devices Market Segmentations |
6.1 Latvia Surge Protection Devices Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Surge Protection Devices Market Revenues & Volume, By Hard-Wired, 2021-2031F |
6.1.3 Latvia Surge Protection Devices Market Revenues & Volume, By Plug-In, 2021-2031F |
6.1.4 Latvia Surge Protection Devices Market Revenues & Volume, By Line Cord, 2021-2031F |
6.2 Latvia Surge Protection Devices Market, By Discharge Current |
6.2.1 Overview and Analysis |
6.2.2 Latvia Surge Protection Devices Market Revenues & Volume, By Below 10 kA, 2021-2031F |
6.2.3 Latvia Surge Protection Devices Market Revenues & Volume, By 10 kA? ??25 kA, 2021-2031F |
6.2.4 Latvia Surge Protection Devices Market Revenues & Volume, By above 25 kA, 2021-2031F |
6.3 Latvia Surge Protection Devices Market, By End-User |
6.3.1 Overview and Analysis |
6.3.2 Latvia Surge Protection Devices Market Revenues & Volume, By Industrial, 2021-2031F |
6.3.3 Latvia Surge Protection Devices Market Revenues & Volume, By Commercial, 2021-2031F |
6.3.4 Latvia Surge Protection Devices Market Revenues & Volume, By Residential, 2021-2031F |
7 Latvia Surge Protection Devices Market Import-Export Trade Statistics |
7.1 Latvia Surge Protection Devices Market Export to Major Countries |
7.2 Latvia Surge Protection Devices Market Imports from Major Countries |
8 Latvia Surge Protection Devices Market Key Performance Indicators |
8.1 Number of new infrastructure projects in Latvia |
8.2 Growth in the adoption of smart home technologies in the country |
8.3 Number of reported electrical surges or incidents in Latvia |
9 Latvia Surge Protection Devices Market - Opportunity Assessment |
9.1 Latvia Surge Protection Devices Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Surge Protection Devices Market Opportunity Assessment, By Discharge Current, 2021 & 2031F |
9.3 Latvia Surge Protection Devices Market Opportunity Assessment, By End-User, 2021 & 2031F |
10 Latvia Surge Protection Devices Market - Competitive Landscape |
10.1 Latvia Surge Protection Devices Market Revenue Share, By Companies, 2024 |
10.2 Latvia Surge Protection Devices Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |