| Product Code: ETC12180469 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
Latvia`s import shipments of alternating current motors saw significant growth in 2024, with top exporting countries being China, Denmark, Poland, Estonia, and Sweden. The market experienced a shift from moderate to high concentration, indicating increased dominance by key players. With a strong compound annual growth rate (CAGR) of 11.55% from 2020 to 2024 and a notable growth rate of 4.66% from 2023 to 2024, the Latvian market for alternating current motors is showing resilience and potential for further expansion. This data suggests a thriving market with 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 Alternating Current Motor Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Alternating Current Motor Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Alternating Current Motor Market - Industry Life Cycle |
3.4 Latvia Alternating Current Motor Market - Porter's Five Forces |
3.5 Latvia Alternating Current Motor Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Alternating Current Motor Market Revenues & Volume Share, By Power Rating, 2021 & 2031F |
3.7 Latvia Alternating Current Motor Market Revenues & Volume Share, By End-Use, 2021 & 2031F |
4 Latvia Alternating Current Motor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latvia Alternating Current Motor Market Trends |
6 Latvia Alternating Current Motor Market, By Types |
6.1 Latvia Alternating Current Motor Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Alternating Current Motor Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Latvia Alternating Current Motor Market Revenues & Volume, By Synchronous Motor, 2021 - 2031F |
6.1.4 Latvia Alternating Current Motor Market Revenues & Volume, By Induction Motor, 2021 - 2031F |
6.1.5 Latvia Alternating Current Motor Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 Latvia Alternating Current Motor Market, By Power Rating |
6.2.1 Overview and Analysis |
6.2.2 Latvia Alternating Current Motor Market Revenues & Volume, By 10 HP, 2021 - 2031F |
6.2.3 Latvia Alternating Current Motor Market Revenues & Volume, By 10-100 HP, 2021 - 2031F |
6.2.4 Latvia Alternating Current Motor Market Revenues & Volume, By >100 HP, 2021 - 2031F |
6.3 Latvia Alternating Current Motor Market, By End-Use |
6.3.1 Overview and Analysis |
6.3.2 Latvia Alternating Current Motor Market Revenues & Volume, By Industrial Machinery, 2021 - 2031F |
6.3.3 Latvia Alternating Current Motor Market Revenues & Volume, By Automotive, 2021 - 2031F |
6.3.4 Latvia Alternating Current Motor Market Revenues & Volume, By Others, 2021 - 2031F |
7 Latvia Alternating Current Motor Market Import-Export Trade Statistics |
7.1 Latvia Alternating Current Motor Market Export to Major Countries |
7.2 Latvia Alternating Current Motor Market Imports from Major Countries |
8 Latvia Alternating Current Motor Market Key Performance Indicators |
9 Latvia Alternating Current Motor Market - Opportunity Assessment |
9.1 Latvia Alternating Current Motor Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Alternating Current Motor Market Opportunity Assessment, By Power Rating, 2021 & 2031F |
9.3 Latvia Alternating Current Motor Market Opportunity Assessment, By End-Use, 2021 & 2031F |
10 Latvia Alternating Current Motor Market - Competitive Landscape |
10.1 Latvia Alternating Current Motor Market Revenue Share, By Companies, 2024 |
10.2 Latvia Alternating Current Motor Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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