| Product Code: ETC7924729 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Despite the high Herfindahl-Hirschman Index (HHI) indicating concentration, Latvia saw a significant decline in wind turbine pitch systems import shipments in 2024. The top exporting countries to Latvia were China, Netherlands, Estonia, Finland, and Hong Kong. The compound annual growth rate (CAGR) for 2020-2024 was -43.76%, with a sharp decline in growth rate from 2023 to 2024 at -90.15%. This data suggests a challenging market environment for wind turbine pitch system imports in Latvia, potentially influenced by various factors impacting the industry on a global scale.

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 Wind Turbine Pitch Systems Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Wind Turbine Pitch Systems Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Wind Turbine Pitch Systems Market - Industry Life Cycle |
3.4 Latvia Wind Turbine Pitch Systems Market - Porter's Five Forces |
3.5 Latvia Wind Turbine Pitch Systems Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Wind Turbine Pitch Systems Market Revenues & Volume Share, By Location, 2021 & 2031F |
4 Latvia Wind Turbine Pitch Systems Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing government support and incentives for renewable energy projects in Latvia |
4.2.2 Growing awareness and focus on reducing carbon footprint and transitioning to sustainable energy sources |
4.2.3 Advancements in wind turbine technology leading to more efficient and reliable pitch systems |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with installing wind turbine pitch systems |
4.3.2 Limited land availability and suitable locations for wind farm development in Latvia |
4.3.3 Regulatory challenges and permitting issues for wind energy projects |
5 Latvia Wind Turbine Pitch Systems Market Trends |
6 Latvia Wind Turbine Pitch Systems Market, By Types |
6.1 Latvia Wind Turbine Pitch Systems Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Wind Turbine Pitch Systems Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Wind Turbine Pitch Systems Market Revenues & Volume, By Hydraulic Pitch System, 2021- 2031F |
6.1.4 Latvia Wind Turbine Pitch Systems Market Revenues & Volume, By Electrical Pitch System, 2021- 2031F |
6.2 Latvia Wind Turbine Pitch Systems Market, By Location |
6.2.1 Overview and Analysis |
6.2.2 Latvia Wind Turbine Pitch Systems Market Revenues & Volume, By Onshore, 2021- 2031F |
6.2.3 Latvia Wind Turbine Pitch Systems Market Revenues & Volume, By Offshore, 2021- 2031F |
7 Latvia Wind Turbine Pitch Systems Market Import-Export Trade Statistics |
7.1 Latvia Wind Turbine Pitch Systems Market Export to Major Countries |
7.2 Latvia Wind Turbine Pitch Systems Market Imports from Major Countries |
8 Latvia Wind Turbine Pitch Systems Market Key Performance Indicators |
8.1 Capacity utilization rate of wind turbine pitch systems in Latvia |
8.2 Average downtime of wind turbine pitch systems due to maintenance or technical issues |
8.3 Efficiency improvement percentage in wind turbine pitch systems technology |
8.4 Number of new wind turbine installations using pitch systems in Latvia |
8.5 Investment trends in renewable energy projects in Latvia, specifically in wind energy sector |
9 Latvia Wind Turbine Pitch Systems Market - Opportunity Assessment |
9.1 Latvia Wind Turbine Pitch Systems Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Wind Turbine Pitch Systems Market Opportunity Assessment, By Location, 2021 & 2031F |
10 Latvia Wind Turbine Pitch Systems Market - Competitive Landscape |
10.1 Latvia Wind Turbine Pitch Systems Market Revenue Share, By Companies, 2024 |
10.2 Latvia Wind Turbine Pitch Systems Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |