Latvia Chillers Market (2025-2031) | Size, Outlook, Forecast, Industry, Segmentation, Revenue, Share, Analysis, Trends, Companies, Growth & Value

Name: Latvia Chillers Market (2025-2031) | Forecast & Trends
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: Chillers Market, Latvia Chillers Market, Latvia Chillers Market Revenues, Latvia Chillers Market Share, Latvia Chillers Market Size, Latvia Chillers Market Outlook, Latvia Chillers Market Report, Latvia Chillers Market Competition, Latvia Chillers Market Overview, Latvia Chillers Market Trends, Latvia Chillers Market Forecast

Market Forecast By Type (Scroll, Screw, Centrifugal, Reciprocating, Absorption), By End Use Industry (Plastic, Chemical & Petrochemical, Rubber, Food & Beverage, Medical & Pharmaceutical), By Capacity (>17.5 kW, 17.6-50 kW, 51-100 kW, 101-200 kW, 201-350 kW, 351-500 kW, 501-700 kW, 701-900 kW) And Competitive Landscape

Product Code: ETC5694563	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

Latvia Chillers Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Latvia`s import shipments of chillers in 2024 saw a diverse range of top exporting countries, including Metropolitan France, Sweden, Lithuania, China, and Czechia. Despite the varied sources, the market remained relatively unconcentrated with a low Herfindahl-Hirschman Index (HHI). The compound annual growth rate (CAGR) from 2020 to 2024 stood at a steady 3.36%, indicating sustained growth in the market. However, there was a notable decrease in the growth rate from 2023 to 2024, reflecting a temporary downturn in the industry.

Latvia Chillers Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

Latvia Chillers Market Outlook
Market Size of Latvia Chillers Market, 2024
Forecast of Latvia Chillers Market, 2031
Historical Data and Forecast of Latvia Chillers Revenues & Volume for the Period 2021-2031
Latvia Chillers Market Trend Evolution
Latvia Chillers Market Drivers and Challenges
Latvia Chillers Price Trends
Latvia Chillers Porter`s Five Forces
Latvia Chillers Industry Life Cycle
Historical Data and Forecast of Latvia Chillers Market Revenues & Volume By Type for the Period 2021-2031
Historical Data and Forecast of Latvia Chillers Market Revenues & Volume By Scroll for the Period 2021-2031
Historical Data and Forecast of Latvia Chillers Market Revenues & Volume By Screw for the Period 2021-2031
Historical Data and Forecast of Latvia Chillers Market Revenues & Volume By Centrifugal for the Period 2021-2031
Historical Data and Forecast of Latvia Chillers Market Revenues & Volume By Reciprocating for the Period 2021-2031
Historical Data and Forecast of Latvia Chillers Market Revenues & Volume By Absorption for the Period 2021-2031
Historical Data and Forecast of Latvia Chillers Market Revenues & Volume By End Use Industry for the Period 2021-2031
Historical Data and Forecast of Latvia Chillers Market Revenues & Volume By Plastic for the Period 2021-2031
Historical Data and Forecast of Latvia Chillers Market Revenues & Volume By Chemical & Petrochemical for the Period 2021-2031
Historical Data and Forecast of Latvia Chillers Market Revenues & Volume By Rubber for the Period 2021-2031
Historical Data and Forecast of Latvia Chillers Market Revenues & Volume By Food & Beverage for the Period 2021-2031
Historical Data and Forecast of Latvia Chillers Market Revenues & Volume By Medical & Pharmaceutical for the Period 2021-2031
Historical Data and Forecast of Latvia Chillers Market Revenues & Volume By Capacity for the Period 2021-2031
Historical Data and Forecast of Latvia Chillers Market Revenues & Volume By >17.5 kW for the Period 2021-2031
Historical Data and Forecast of Latvia Chillers Market Revenues & Volume By 17.6-50 kW for the Period 2021-2031
Historical Data and Forecast of Latvia Chillers Market Revenues & Volume By 51-100 kW for the Period 2021-2031
Historical Data and Forecast of Latvia Chillers Market Revenues & Volume By 101-200 kW for the Period 2021-2031
Historical Data and Forecast of Latvia Chillers Market Revenues & Volume By 201-350 kW for the Period 2021-2031
Historical Data and Forecast of Latvia Chillers Market Revenues & Volume By 351-500 kW for the Period 2021-2031
Historical Data and Forecast of Latvia Chillers Market Revenues & Volume By 501-700 kW for the Period 2021-2031
Historical Data and Forecast of Latvia Chillers Market Revenues & Volume By 701-900 kW for the Period 2021-2031
Latvia Chillers Import Export Trade Statistics
Market Opportunity Assessment By Type
Market Opportunity Assessment By End Use Industry
Market Opportunity Assessment By Capacity
Latvia Chillers Top Companies Market Share
Latvia Chillers Competitive Benchmarking By Technical and Operational Parameters
Latvia Chillers Company Profiles
Latvia Chillers Key Strategic Recommendations

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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 Chillers Market Overview

3.1 Latvia Country Macro Economic Indicators

3.2 Latvia Chillers Market Revenues & Volume, 2021 & 2031F

3.3 Latvia Chillers Market - Industry Life Cycle

3.4 Latvia Chillers Market - Porter's Five Forces

3.5 Latvia Chillers Market Revenues & Volume Share, By Type, 2021 & 2031F

3.6 Latvia Chillers Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F

3.7 Latvia Chillers Market Revenues & Volume Share, By Capacity, 2021 & 2031F

4 Latvia Chillers Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing demand for energy-efficient cooling solutions

4.2.2 Growing adoption of chillers in the industrial sector

4.2.3 Government initiatives promoting sustainable technologies

4.3 Market Restraints

4.3.1 High initial investment cost for installation and maintenance of chillers

4.3.2 Lack of awareness about the benefits of chillers among end-users

5 Latvia Chillers Market Trends

6 Latvia Chillers Market Segmentations

6.1 Latvia Chillers Market, By Type

6.1.1 Overview and Analysis

6.1.2 Latvia Chillers Market Revenues & Volume, By Scroll, 2021-2031F

6.1.3 Latvia Chillers Market Revenues & Volume, By Screw, 2021-2031F

6.1.4 Latvia Chillers Market Revenues & Volume, By Centrifugal, 2021-2031F

6.1.5 Latvia Chillers Market Revenues & Volume, By Reciprocating, 2021-2031F

6.1.6 Latvia Chillers Market Revenues & Volume, By Absorption, 2021-2031F

6.2 Latvia Chillers Market, By End Use Industry

6.2.1 Overview and Analysis

6.2.2 Latvia Chillers Market Revenues & Volume, By Plastic, 2021-2031F

6.2.3 Latvia Chillers Market Revenues & Volume, By Chemical & Petrochemical, 2021-2031F

6.2.4 Latvia Chillers Market Revenues & Volume, By Rubber, 2021-2031F

6.2.5 Latvia Chillers Market Revenues & Volume, By Food & Beverage, 2021-2031F

6.2.6 Latvia Chillers Market Revenues & Volume, By Medical & Pharmaceutical, 2021-2031F

6.3 Latvia Chillers Market, By Capacity

6.3.1 Overview and Analysis

6.3.2 Latvia Chillers Market Revenues & Volume, By >17.5 kW, 2021-2031F

6.3.3 Latvia Chillers Market Revenues & Volume, By 17.6-50 kW, 2021-2031F

6.3.4 Latvia Chillers Market Revenues & Volume, By 51-100 kW, 2021-2031F

6.3.5 Latvia Chillers Market Revenues & Volume, By 101-200 kW, 2021-2031F

6.3.6 Latvia Chillers Market Revenues & Volume, By 201-350 kW, 2021-2031F

6.3.7 Latvia Chillers Market Revenues & Volume, By 351-500 kW, 2021-2031F

6.3.8 Latvia Chillers Market Revenues & Volume, By 701-900 kW, 2021-2031F

6.3.9 Latvia Chillers Market Revenues & Volume, By 701-900 kW, 2021-2031F

7 Latvia Chillers Market Import-Export Trade Statistics

7.1 Latvia Chillers Market Export to Major Countries

7.2 Latvia Chillers Market Imports from Major Countries

8 Latvia Chillers Market Key Performance Indicators

8.1 Energy efficiency ratio (EER) of chillers

8.2 Percentage of chillers equipped with smart technology

8.3 Number of government incentives and subsidies supporting chiller installations

9 Latvia Chillers Market - Opportunity Assessment

9.1 Latvia Chillers Market Opportunity Assessment, By Type, 2021 & 2031F

9.2 Latvia Chillers Market Opportunity Assessment, By End Use Industry, 2021 & 2031F

9.3 Latvia Chillers Market Opportunity Assessment, By Capacity, 2021 & 2031F

10 Latvia Chillers Market - Competitive Landscape

10.1 Latvia Chillers Market Revenue Share, By Companies, 2024

10.2 Latvia Chillers Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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Export potential assessment - trade Analytics for 2030

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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