| Product Code: ETC7907263 | 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 centrifugal air compressors in 2024 continued to see a high level of concentration, with the top exporting countries being Poland, Lithuania, China, Germany, and Sweden. The Herfindahl-Hirschman Index (HHI) indicates a significant increase in market concentration from 2023 to 2024. Despite a strong compound annual growth rate (CAGR) of 24.82% from 2020 to 2024, there was a notable decline in the growth rate from 2023 to 2024 at -11.84%. This data suggests a dynamic and competitive market landscape for centrifugal air compressor imports 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 Centrifugal Air Compressor Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Centrifugal Air Compressor Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Centrifugal Air Compressor Market - Industry Life Cycle |
3.4 Latvia Centrifugal Air Compressor Market - Porter's Five Forces |
3.5 Latvia Centrifugal Air Compressor Market Revenues & Volume Share, By Lubrication, 2021 & 2031F |
3.6 Latvia Centrifugal Air Compressor Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Centrifugal Air Compressor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient and low-maintenance centrifugal air compressors in Latvia |
4.2.2 Growth in industrial and manufacturing sectors leading to higher adoption of centrifugal air compressors |
4.2.3 Government initiatives promoting the use of energy-efficient equipment in Latvia |
4.3 Market Restraints |
4.3.1 High initial investment cost of centrifugal air compressors |
4.3.2 Limited awareness and technical expertise among end-users in Latvia |
4.3.3 Economic uncertainties impacting investment decisions in industrial equipment |
5 Latvia Centrifugal Air Compressor Market Trends |
6 Latvia Centrifugal Air Compressor Market, By Types |
6.1 Latvia Centrifugal Air Compressor Market, By Lubrication |
6.1.1 Overview and Analysis |
6.1.2 Latvia Centrifugal Air Compressor Market Revenues & Volume, By Lubrication, 2021- 2031F |
6.1.3 Latvia Centrifugal Air Compressor Market Revenues & Volume, By Oil-free, 2021- 2031F |
6.1.4 Latvia Centrifugal Air Compressor Market Revenues & Volume, By Oil Filled, 2021- 2031F |
6.2 Latvia Centrifugal Air Compressor Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Centrifugal Air Compressor Market Revenues & Volume, By Manufacturing, 2021- 2031F |
6.2.3 Latvia Centrifugal Air Compressor Market Revenues & Volume, By Food & Beverage, 2021- 2031F |
6.2.4 Latvia Centrifugal Air Compressor Market Revenues & Volume, By Semiconductor & electronics, 2021- 2031F |
6.2.5 Latvia Centrifugal Air Compressor Market Revenues & Volume, By Healthcare/Medical, 2021- 2031F |
6.2.6 Latvia Centrifugal Air Compressor Market Revenues & Volume, By Oil & Gas, 2021- 2031F |
6.2.7 Latvia Centrifugal Air Compressor Market Revenues & Volume, By Home Appliances, 2021- 2031F |
6.2.8 Latvia Centrifugal Air Compressor Market Revenues & Volume, By Others, 2021- 2031F |
6.2.9 Latvia Centrifugal Air Compressor Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Centrifugal Air Compressor Market Import-Export Trade Statistics |
7.1 Latvia Centrifugal Air Compressor Market Export to Major Countries |
7.2 Latvia Centrifugal Air Compressor Market Imports from Major Countries |
8 Latvia Centrifugal Air Compressor Market Key Performance Indicators |
8.1 Energy efficiency improvements in centrifugal air compressors |
8.2 Adoption rate of centrifugal air compressors in key industries |
8.3 Number of government policies supporting energy-efficient equipment adoption |
9 Latvia Centrifugal Air Compressor Market - Opportunity Assessment |
9.1 Latvia Centrifugal Air Compressor Market Opportunity Assessment, By Lubrication, 2021 & 2031F |
9.2 Latvia Centrifugal Air Compressor Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Centrifugal Air Compressor Market - Competitive Landscape |
10.1 Latvia Centrifugal Air Compressor Market Revenue Share, By Companies, 2024 |
10.2 Latvia Centrifugal Air Compressor Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |