| Product Code: ETC7904028 | 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 |
Latvia`s air conditioning equipment import market in 2024 continued to see a steady influx of products primarily from China, Lithuania, Sweden, Estonia, and Belgium. The market maintained a moderate concentration level, indicating a balanced competitive landscape. With a strong Compound Annual Growth Rate (CAGR) of 13.43% from 2020 to 2024, the industry demonstrated resilience and potential for further expansion. Despite a slightly lower growth rate of 1.02% from 2023 to 2024, the consistent upward trend suggests a stable demand for air conditioning equipment in Latvia.

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 Air Conditioning Equipment Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Air Conditioning Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Air Conditioning Equipment Market - Industry Life Cycle |
3.4 Latvia Air Conditioning Equipment Market - Porter's Five Forces |
3.5 Latvia Air Conditioning Equipment Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Air Conditioning Equipment Market Revenues & Volume Share, By End-user Industry, 2021 & 2031F |
4 Latvia Air Conditioning Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient air conditioning solutions due to rising awareness about environmental sustainability. |
4.2.2 Growing construction activities in Latvia leading to higher demand for air conditioning equipment in residential, commercial, and industrial sectors. |
4.2.3 Technological advancements and innovations in air conditioning systems driving market growth. |
4.3 Market Restraints |
4.3.1 High initial cost associated with the installation of air conditioning equipment limiting adoption rates. |
4.3.2 Seasonal demand fluctuations impacting sales and revenue for air conditioning equipment manufacturers. |
4.3.3 Stringent regulations and policies related to energy efficiency and refrigerants affecting the market dynamics. |
5 Latvia Air Conditioning Equipment Market Trends |
6 Latvia Air Conditioning Equipment Market, By Types |
6.1 Latvia Air Conditioning Equipment Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Air Conditioning Equipment Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Air Conditioning Equipment Market Revenues & Volume, By Split system, 2021- 2031F |
6.1.4 Latvia Air Conditioning Equipment Market Revenues & Volume, By Variable Refrigerant Flow, 2021- 2031F |
6.1.5 Latvia Air Conditioning Equipment Market Revenues & Volume, By Air Handling Units, 2021- 2031F |
6.1.6 Latvia Air Conditioning Equipment Market Revenues & Volume, By Chillers, 2021- 2031F |
6.1.7 Latvia Air Conditioning Equipment Market Revenues & Volume, By Fan Coils, 2021- 2031F |
6.1.8 Latvia Air Conditioning Equipment Market Revenues & Volume, By Indoor Packaged, 2021- 2031F |
6.2 Latvia Air Conditioning Equipment Market, By End-user Industry |
6.2.1 Overview and Analysis |
6.2.2 Latvia Air Conditioning Equipment Market Revenues & Volume, By Residential, 2021- 2031F |
6.2.3 Latvia Air Conditioning Equipment Market Revenues & Volume, By Commercial, 2021- 2031F |
6.2.4 Latvia Air Conditioning Equipment Market Revenues & Volume, By Industrial, 2021- 2031F |
7 Latvia Air Conditioning Equipment Market Import-Export Trade Statistics |
7.1 Latvia Air Conditioning Equipment Market Export to Major Countries |
7.2 Latvia Air Conditioning Equipment Market Imports from Major Countries |
8 Latvia Air Conditioning Equipment Market Key Performance Indicators |
8.1 Energy efficiency ratings of air conditioning equipment. |
8.2 Number of new construction projects in Latvia. |
8.3 Adoption rate of smart and connected air conditioning systems. |
8.4 Average lifespan of air conditioning equipment in the market. |
8.5 Customer satisfaction and retention rates for air conditioning equipment providers. |
9 Latvia Air Conditioning Equipment Market - Opportunity Assessment |
9.1 Latvia Air Conditioning Equipment Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Air Conditioning Equipment Market Opportunity Assessment, By End-user Industry, 2021 & 2031F |
10 Latvia Air Conditioning Equipment Market - Competitive Landscape |
10.1 Latvia Air Conditioning Equipment Market Revenue Share, By Companies, 2024 |
10.2 Latvia Air Conditioning Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |