| Product Code: ETC5782476 | 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 |
In 2024, Latvia saw a decline in variable speed generator imports with a negative CAGR of -7.01% from 2020 to 2024. The top exporting countries to Latvia for variable speed generators were Metropolitan France, Italy, Austria, Germany, and Netherlands. Despite the decrease in growth rate from 2023 to 2024 at -39.29%, the Herfindahl-Hirschman Index (HHI) indicated a moderate level of concentration in the market. These trends suggest a challenging environment for variable speed generator imports into Latvia, with potential implications for market dynamics and competitiveness.

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 Variable Speed Generator Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Variable Speed Generator Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Variable Speed Generator Market - Industry Life Cycle |
3.4 Latvia Variable Speed Generator Market - Porter's Five Forces |
3.5 Latvia Variable Speed Generator Market Revenues & Volume Share, By Power Rating, 2021 & 2031F |
3.6 Latvia Variable Speed Generator Market Revenues & Volume Share, By Prime Mover, 2021 & 2031F |
3.7 Latvia Variable Speed Generator Market Revenues & Volume Share, By Generator Type, 2021 & 2031F |
3.8 Latvia Variable Speed Generator Market Revenues & Volume Share, By Technology Type, 2021 & 2031F |
3.9 Latvia Variable Speed Generator Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Latvia Variable Speed Generator Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy efficiency and renewable energy sources |
4.2.2 Growing focus on reducing carbon footprint and environmental impact |
4.2.3 Government initiatives and policies promoting the adoption of variable speed generators |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with variable speed generators |
4.3.2 Lack of awareness and understanding about the benefits of variable speed generators |
4.3.3 Technological complexities and compatibility issues in existing systems |
5 Latvia Variable Speed Generator Market Trends |
6 Latvia Variable Speed Generator Market Segmentations |
6.1 Latvia Variable Speed Generator Market, By Power Rating |
6.1.1 Overview and Analysis |
6.1.2 Latvia Variable Speed Generator Market Revenues & Volume, By Up To 100 kVA, 2021-2031F |
6.1.3 Latvia Variable Speed Generator Market Revenues & Volume, By 100 kVA? ??1 MVA, 2021-2031F |
6.1.4 Latvia Variable Speed Generator Market Revenues & Volume, By 1? ??25 MVA, 2021-2031F |
6.1.5 Latvia Variable Speed Generator Market Revenues & Volume, By Above 25 MVA, 2021-2031F |
6.2 Latvia Variable Speed Generator Market, By Prime Mover |
6.2.1 Overview and Analysis |
6.2.2 Latvia Variable Speed Generator Market Revenues & Volume, By Wind, 2021-2031F |
6.2.3 Latvia Variable Speed Generator Market Revenues & Volume, By Hydro, 2021-2031F |
6.2.4 Latvia Variable Speed Generator Market Revenues & Volume, By Steam & Gas Turbine, 2021-2031F |
6.2.5 Latvia Variable Speed Generator Market Revenues & Volume, By Ic Engine, 2021-2031F |
6.3 Latvia Variable Speed Generator Market, By Generator Type |
6.3.1 Overview and Analysis |
6.3.2 Latvia Variable Speed Generator Market Revenues & Volume, By ? Variable Speed-Self Excited Induction Generator (SEIG), 2021-2031F |
6.3.3 Latvia Variable Speed Generator Market Revenues & Volume, By Doubly Fed Induction Generator (DFIG), 2021-2031F |
6.3.4 Latvia Variable Speed Generator Market Revenues & Volume, By Wound Rotor Induction Generator (WRIG), 2021-2031F |
6.3.5 Latvia Variable Speed Generator Market Revenues & Volume, By Permanent Magnet Synchronous Generator (PMSG), 2021-2031F |
6.4 Latvia Variable Speed Generator Market, By Technology Type |
6.4.1 Overview and Analysis |
6.4.2 Latvia Variable Speed Generator Market Revenues & Volume, By Power Electronics Based Variable Speed Generator, 2021-2031F |
6.4.3 Latvia Variable Speed Generator Market Revenues & Volume, By Mechanical Variable Speed Generator, 2021-2031F |
6.5 Latvia Variable Speed Generator Market, By End User |
6.5.1 Overview and Analysis |
6.5.2 Latvia Variable Speed Generator Market Revenues & Volume, By Renewable Power Generation, 2021-2031F |
6.5.3 Latvia Variable Speed Generator Market Revenues & Volume, By Hydroelectric Power Generation, 2021-2031F |
6.5.4 Latvia Variable Speed Generator Market Revenues & Volume, By Marine and Shipbuilding, 2021-2031F |
6.5.5 Latvia Variable Speed Generator Market Revenues & Volume, By Oil & Gas and Mining, 2021-2031F |
6.5.6 Latvia Variable Speed Generator Market Revenues & Volume, By Commercial and Residential, 2021-2031F |
7 Latvia Variable Speed Generator Market Import-Export Trade Statistics |
7.1 Latvia Variable Speed Generator Market Export to Major Countries |
7.2 Latvia Variable Speed Generator Market Imports from Major Countries |
8 Latvia Variable Speed Generator Market Key Performance Indicators |
8.1 Energy savings achieved through the use of variable speed generators |
8.2 Percentage increase in installations of variable speed generators |
8.3 Reduction in carbon emissions attributed to variable speed generators |
9 Latvia Variable Speed Generator Market - Opportunity Assessment |
9.1 Latvia Variable Speed Generator Market Opportunity Assessment, By Power Rating, 2021 & 2031F |
9.2 Latvia Variable Speed Generator Market Opportunity Assessment, By Prime Mover, 2021 & 2031F |
9.3 Latvia Variable Speed Generator Market Opportunity Assessment, By Generator Type, 2021 & 2031F |
9.4 Latvia Variable Speed Generator Market Opportunity Assessment, By Technology Type, 2021 & 2031F |
9.5 Latvia Variable Speed Generator Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Latvia Variable Speed Generator Market - Competitive Landscape |
10.1 Latvia Variable Speed Generator Market Revenue Share, By Companies, 2024 |
10.2 Latvia Variable Speed Generator Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |