| Product Code: ETC5775427 | 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 significant imports of booster compressors with top exporting countries being Poland, Germany, Lithuania, China, and Italy. The market remained competitive with low concentration as indicated by the Herfindahl-Hirschman Index (HHI). Despite a modest compound annual growth rate (CAGR) of 1.91% from 2020 to 2024, there was a sharp decline in growth rate from 2023 to 2024 at -31.15%. This indicates a potential shift in market dynamics or external factors impacting import trends in the booster compressor industry 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 Booster Compressor Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Booster Compressor Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Booster Compressor Market - Industry Life Cycle |
3.4 Latvia Booster Compressor Market - Porter's Five Forces |
3.5 Latvia Booster Compressor Market Revenues & Volume Share, By Cooling Type, 2021 & 2031F |
3.6 Latvia Booster Compressor Market Revenues & Volume Share, By Stage, 2021 & 2031F |
3.7 Latvia Booster Compressor Market Revenues & Volume Share, By Pressure Rating, 2021 & 2031F |
4 Latvia Booster Compressor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for booster compressors in industries such as oil gas, manufacturing, and construction in Latvia |
4.2.2 Growing emphasis on energy efficiency and sustainability driving the adoption of advanced booster compressor technologies |
4.2.3 Government initiatives and regulations promoting the use of booster compressors for reducing greenhouse gas emissions |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with purchasing and installing booster compressors |
4.3.2 Fluctuating raw material prices impacting the manufacturing costs of booster compressors |
4.3.3 Limited awareness and technical expertise among end-users regarding the benefits and applications of booster compressors |
5 Latvia Booster Compressor Market Trends |
6 Latvia Booster Compressor Market Segmentations |
6.1 Latvia Booster Compressor Market, By Cooling Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Booster Compressor Market Revenues & Volume, By Air, 2021-2031F |
6.1.3 Latvia Booster Compressor Market Revenues & Volume, By Water, 2021-2031F |
6.2 Latvia Booster Compressor Market, By Stage |
6.2.1 Overview and Analysis |
6.2.2 Latvia Booster Compressor Market Revenues & Volume, By Single, 2021-2031F |
6.2.3 Latvia Booster Compressor Market Revenues & Volume, By Double, 2021-2031F |
6.2.4 Latvia Booster Compressor Market Revenues & Volume, By Multi, 2021-2031F |
6.3 Latvia Booster Compressor Market, By Pressure Rating |
6.3.1 Overview and Analysis |
6.3.2 Latvia Booster Compressor Market Revenues & Volume, By 14-40 bar, 2021-2031F |
6.3.3 Latvia Booster Compressor Market Revenues & Volume, By 41-100, 2021-2031F |
6.3.4 Latvia Booster Compressor Market Revenues & Volume, By 101-350, 2021-2031F |
6.3.5 Latvia Booster Compressor Market Revenues & Volume, By >350, 2021-2031F |
7 Latvia Booster Compressor Market Import-Export Trade Statistics |
7.1 Latvia Booster Compressor Market Export to Major Countries |
7.2 Latvia Booster Compressor Market Imports from Major Countries |
8 Latvia Booster Compressor Market Key Performance Indicators |
8.1 Energy efficiency improvement rate of booster compressors in Latvia |
8.2 Adoption rate of advanced booster compressor technologies in key industries |
8.3 Percentage of greenhouse gas emission reduction attributed to the use of booster compressors |
9 Latvia Booster Compressor Market - Opportunity Assessment |
9.1 Latvia Booster Compressor Market Opportunity Assessment, By Cooling Type, 2021 & 2031F |
9.2 Latvia Booster Compressor Market Opportunity Assessment, By Stage, 2021 & 2031F |
9.3 Latvia Booster Compressor Market Opportunity Assessment, By Pressure Rating, 2021 & 2031F |
10 Latvia Booster Compressor Market - Competitive Landscape |
10.1 Latvia Booster Compressor Market Revenue Share, By Companies, 2024 |
10.2 Latvia Booster Compressor 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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