| Product Code: ETC7907613 | 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 |
The market for circuit protection components in Latvia saw robust growth in 2024, with the top exporting countries being Hungary, Sweden, Estonia, Lithuania, and Czechia. The HHI concentration remained moderate, indicating a competitive market landscape. The impressive CAGR of 16.33% from 2020 to 2024 highlights the increasing demand for these components in Latvia. Additionally, the significant growth rate of 26.68% from 2023 to 2024 suggests a positive momentum in the import shipments of circuit protection components to 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 Circuit Protection Components Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Circuit Protection Components Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Circuit Protection Components Market - Industry Life Cycle |
3.4 Latvia Circuit Protection Components Market - Porter's Five Forces |
3.5 Latvia Circuit Protection Components Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Circuit Protection Components Market Revenues & Volume Share, By End-User Industry, 2021 & 2031F |
4 Latvia Circuit Protection Components Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for electronic devices and appliances in Latvia |
4.2.2 Growing adoption of renewable energy sources driving the need for circuit protection components |
4.2.3 Technological advancements leading to the development of more sophisticated circuit protection components |
4.3 Market Restraints |
4.3.1 Volatility in raw material prices affecting the cost of production |
4.3.2 Lack of skilled labor for manufacturing high-quality circuit protection components |
4.3.3 Regulatory challenges and compliance requirements impacting the market growth |
5 Latvia Circuit Protection Components Market Trends |
6 Latvia Circuit Protection Components Market, By Types |
6.1 Latvia Circuit Protection Components Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Circuit Protection Components Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Circuit Protection Components Market Revenues & Volume, By overcurrent Protection, 2021- 2031F |
6.1.4 Latvia Circuit Protection Components Market Revenues & Volume, By Overvoltage Protection, 2021- 2031F |
6.2 Latvia Circuit Protection Components Market, By End-User Industry |
6.2.1 Overview and Analysis |
6.2.2 Latvia Circuit Protection Components Market Revenues & Volume, By electronics and Electrical Equipment, 2021- 2031F |
6.2.3 Latvia Circuit Protection Components Market Revenues & Volume, By Automotive and Transportation, 2021- 2031F |
6.2.4 Latvia Circuit Protection Components Market Revenues & Volume, By Industrial, 2021- 2031F |
6.2.5 Latvia Circuit Protection Components Market Revenues & Volume, By Energy and Power, 2021- 2031F |
7 Latvia Circuit Protection Components Market Import-Export Trade Statistics |
7.1 Latvia Circuit Protection Components Market Export to Major Countries |
7.2 Latvia Circuit Protection Components Market Imports from Major Countries |
8 Latvia Circuit Protection Components Market Key Performance Indicators |
8.1 Average selling price (ASP) of circuit protection components |
8.2 Number of new product launches in the market |
8.3 Percentage of market share held by innovative circuit protection components |
8.4 Adoption rate of IoT-enabled circuit protection components |
8.5 Number of partnerships and collaborations for product development |
9 Latvia Circuit Protection Components Market - Opportunity Assessment |
9.1 Latvia Circuit Protection Components Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Circuit Protection Components Market Opportunity Assessment, By End-User Industry, 2021 & 2031F |
10 Latvia Circuit Protection Components Market - Competitive Landscape |
10.1 Latvia Circuit Protection Components Market Revenue Share, By Companies, 2024 |
10.2 Latvia Circuit Protection Components Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |