| Product Code: ETC7905043 | 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 import shipments of automation control components and devices experienced a significant shift in concentration levels, with HHI decreasing from low to very low in 2024. The top exporting countries to Latvia in 2024 include Denmark, Germany, Sweden, Lithuania, and Finland, indicating a diverse source of supply. Despite a negative growth rate in 2024, the compound annual growth rate (CAGR) for the period 2020-2024 stands at a promising 11.53%, suggesting a steady overall expansion in the market. This data highlights the evolving landscape of automation imports in Latvia and the continued interest from key exporting nations.

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 Automation Control Components and Devices Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Automation Control Components and Devices Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Automation Control Components and Devices Market - Industry Life Cycle |
3.4 Latvia Automation Control Components and Devices Market - Porter's Five Forces |
3.5 Latvia Automation Control Components and Devices Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Automation Control Components and Devices Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Automation Control Components and Devices Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for process automation in industries |
4.2.2 Technological advancements in automation control components |
4.2.3 Government initiatives promoting industrial automation adoption |
4.3 Market Restraints |
4.3.1 High initial investment costs for automation control components and devices |
4.3.2 Lack of skilled professionals for operating advanced automation systems |
5 Latvia Automation Control Components and Devices Market Trends |
6 Latvia Automation Control Components and Devices Market, By Types |
6.1 Latvia Automation Control Components and Devices Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Automation Control Components and Devices Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Automation Control Components and Devices Market Revenues & Volume, By Relays or Couplers, 2021- 2031F |
6.1.4 Latvia Automation Control Components and Devices Market Revenues & Volume, By Connectors, 2021- 2031F |
6.1.5 Latvia Automation Control Components and Devices Market Revenues & Volume, By Switches, 2021- 2031F |
6.1.6 Latvia Automation Control Components and Devices Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Latvia Automation Control Components and Devices Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Automation Control Components and Devices Market Revenues & Volume, By Automotive, 2021- 2031F |
6.2.3 Latvia Automation Control Components and Devices Market Revenues & Volume, By Manufacturing, 2021- 2031F |
6.2.4 Latvia Automation Control Components and Devices Market Revenues & Volume, By Energy and Power, 2021- 2031F |
6.2.5 Latvia Automation Control Components and Devices Market Revenues & Volume, By Electronics and Semiconductor, 2021- 2031F |
6.2.6 Latvia Automation Control Components and Devices Market Revenues & Volume, By Aerospace and Aviation, 2021- 2031F |
6.2.7 Latvia Automation Control Components and Devices Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Automation Control Components and Devices Market Import-Export Trade Statistics |
7.1 Latvia Automation Control Components and Devices Market Export to Major Countries |
7.2 Latvia Automation Control Components and Devices Market Imports from Major Countries |
8 Latvia Automation Control Components and Devices Market Key Performance Indicators |
8.1 Adoption rate of automation control components in key industries |
8.2 Efficiency gains achieved through automation implementation |
8.3 Rate of new product development and innovation in the market |
9 Latvia Automation Control Components and Devices Market - Opportunity Assessment |
9.1 Latvia Automation Control Components and Devices Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Automation Control Components and Devices Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Automation Control Components and Devices Market - Competitive Landscape |
10.1 Latvia Automation Control Components and Devices Market Revenue Share, By Companies, 2024 |
10.2 Latvia Automation Control Components and Devices Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |