| Product Code: ETC5709326 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Latvia`s import shipments of CNG, RNG, and hydrogen tanks in 2024 continued to be dominated by key exporters such as Lithuania, Poland, Germany, USA, and Sweden. Despite a high Herfindahl-Hirschman Index indicating market concentration, the industry experienced a significant decline with a negative CAGR of -34.66% from 2020 to 2024. The growth rate in 2024 saw a sharp decrease of -79.14%, highlighting challenges faced by the market. Monitoring shifts in global supply chains and exploring strategies for revitalizing the sector will be crucial for stakeholders in the coming years.
rng
hydrogen tanks market
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 CNG, RNG, , Hydrogen Tanks Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia CNG, RNG, , Hydrogen Tanks Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia CNG, RNG, , Hydrogen Tanks Market - Industry Life Cycle |
3.4 Latvia CNG, RNG, , Hydrogen Tanks Market - Porter's Five Forces |
3.5 Latvia CNG, RNG, , Hydrogen Tanks Market Revenues & Volume Share, By Gas Type, 2021 & 2031F |
3.6 Latvia CNG, RNG, , Hydrogen Tanks Market Revenues & Volume Share, By Material Type, 2021 & 2031F |
3.7 Latvia CNG, RNG, , Hydrogen Tanks Market Revenues & Volume Share, By Tank Type, 2021 & 2031F |
3.8 Latvia CNG, RNG, , Hydrogen Tanks Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia CNG, RNG, , Hydrogen Tanks Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing government initiatives and policies promoting the use of alternative fuels such as CNG, RNG, and hydrogen. |
4.2.2 Growing awareness about the environmental benefits of using cleaner fuels in Latvia. |
4.2.3 Rise in investments in infrastructure development for CNG, RNG, and hydrogen refueling stations. |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with setting up infrastructure for CNG, RNG, and hydrogen tanks. |
4.3.2 Limited availability of CNG, RNG, and hydrogen refueling stations in Latvia. |
4.3.3 Lack of standardization and regulations in the CNG, RNG, and hydrogen fuel industry. |
5 Latvia CNG, RNG, , Hydrogen Tanks Market Trends |
6 Latvia CNG, RNG, , Hydrogen Tanks Market Segmentations |
6.1 Latvia CNG, RNG, , Hydrogen Tanks Market, By Gas Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia CNG, RNG, , Hydrogen Tanks Market Revenues & Volume, By CNG, 2021-2031F |
6.1.3 Latvia CNG, RNG, , Hydrogen Tanks Market Revenues & Volume, By RNG, 2021-2031F |
6.1.4 Latvia CNG, RNG, , Hydrogen Tanks Market Revenues & Volume, By Hydrogen, 2021-2031F |
6.2 Latvia CNG, RNG, , Hydrogen Tanks Market, By Material Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia CNG, RNG, , Hydrogen Tanks Market Revenues & Volume, By Metal, 2021-2031F |
6.2.3 Latvia CNG, RNG, , Hydrogen Tanks Market Revenues & Volume, By Carbon Fiber, 2021-2031F |
6.2.4 Latvia CNG, RNG, , Hydrogen Tanks Market Revenues & Volume, By Glass Fiber, 2021-2031F |
6.3 Latvia CNG, RNG, , Hydrogen Tanks Market, By Tank Type |
6.3.1 Overview and Analysis |
6.3.2 Latvia CNG, RNG, , Hydrogen Tanks Market Revenues & Volume, By Type1, 2021-2031F |
6.3.3 Latvia CNG, RNG, , Hydrogen Tanks Market Revenues & Volume, By Type2, 2021-2031F |
6.3.4 Latvia CNG, RNG, , Hydrogen Tanks Market Revenues & Volume, By Type3, 2021-2031F |
6.3.5 Latvia CNG, RNG, , Hydrogen Tanks Market Revenues & Volume, By Type4, 2021-2031F |
6.4 Latvia CNG, RNG, , Hydrogen Tanks Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Latvia CNG, RNG, , Hydrogen Tanks Market Revenues & Volume, By Fuel Tank, 2021-2031F |
6.4.3 Latvia CNG, RNG, , Hydrogen Tanks Market Revenues & Volume, By Transportation Tank, 2021-2031F |
7 Latvia CNG, RNG, , Hydrogen Tanks Market Import-Export Trade Statistics |
7.1 Latvia CNG, RNG, , Hydrogen Tanks Market Export to Major Countries |
7.2 Latvia CNG, RNG, , Hydrogen Tanks Market Imports from Major Countries |
8 Latvia CNG, RNG, , Hydrogen Tanks Market Key Performance Indicators |
8.1 Number of new government policies introduced to support the adoption of CNG, RNG, and hydrogen as alternative fuels. |
8.2 Percentage increase in the number of vehicles using CNG, RNG, and hydrogen tanks in Latvia. |
8.3 Growth in the network of CNG, RNG, and hydrogen refueling stations across Latvia. |
9 Latvia CNG, RNG, , Hydrogen Tanks Market - Opportunity Assessment |
9.1 Latvia CNG, RNG, , Hydrogen Tanks Market Opportunity Assessment, By Gas Type, 2021 & 2031F |
9.2 Latvia CNG, RNG, , Hydrogen Tanks Market Opportunity Assessment, By Material Type, 2021 & 2031F |
9.3 Latvia CNG, RNG, , Hydrogen Tanks Market Opportunity Assessment, By Tank Type, 2021 & 2031F |
9.4 Latvia CNG, RNG, , Hydrogen Tanks Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia CNG, RNG, , Hydrogen Tanks Market - Competitive Landscape |
10.1 Latvia CNG, RNG, , Hydrogen Tanks Market Revenue Share, By Companies, 2024 |
10.2 Latvia CNG, RNG, , Hydrogen Tanks Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |