| Product Code: ETC11608117 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
In 2024, Latvia saw a significant increase in CO2 gas sensor import shipments, with top exporters being China, Germany, Poland, Finland, and Estonia. The market experienced a shift from moderate to high concentration, indicating a more competitive landscape. The impressive Compound Annual Growth Rate (CAGR) of 30.04% from 2020 to 2024, along with a remarkable growth rate of 50.45% in 2024, highlights the growing demand for CO2 gas sensors in Latvia and the strong performance of key exporting countries. This trend suggests a promising outlook for the CO2 gas sensor market in the region.

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 CO2 Gas Sensor Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia CO2 Gas Sensor Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia CO2 Gas Sensor Market - Industry Life Cycle |
3.4 Latvia CO2 Gas Sensor Market - Porter's Five Forces |
3.5 Latvia CO2 Gas Sensor Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.6 Latvia CO2 Gas Sensor Market Revenues & Volume Share, By End user, 2021 & 2031F |
4 Latvia CO2 Gas Sensor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing focus on environmental sustainability and regulations promoting the use of CO2 gas sensors. |
4.2.2 Growing awareness about indoor air quality and health concerns driving the demand for CO2 gas sensors. |
4.2.3 Technological advancements leading to more affordable and efficient CO2 gas sensor solutions. |
4.3 Market Restraints |
4.3.1 High initial costs associated with installing CO2 gas sensors may hinder market growth. |
4.3.2 Lack of awareness among consumers and businesses about the benefits of CO2 gas sensors. |
4.3.3 Limited availability of skilled professionals for the installation and maintenance of CO2 gas sensors. |
5 Latvia CO2 Gas Sensor Market Trends |
6 Latvia CO2 Gas Sensor Market, By Types |
6.1 Latvia CO2 Gas Sensor Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 Latvia CO2 Gas Sensor Market Revenues & Volume, By Technology, 2021 - 2031F |
6.1.3 Latvia CO2 Gas Sensor Market Revenues & Volume, By Infrared Gas Sensor, 2021 - 2031F |
6.1.4 Latvia CO2 Gas Sensor Market Revenues & Volume, By Photo Ionization Sensor, 2021 - 2031F |
6.1.5 Latvia CO2 Gas Sensor Market Revenues & Volume, By Electrochemical Gas Sensor, 2021 - 2031F |
6.1.6 Latvia CO2 Gas Sensor Market Revenues & Volume, By Thermal Conductivity Gas Sensor, 2021 - 2031F |
6.1.7 Latvia CO2 Gas Sensor Market Revenues & Volume, By Metal Oxide based Gas Sensor, 2021 - 2031F |
6.1.8 Latvia CO2 Gas Sensor Market Revenues & Volume, By Catalytic Gas Sensor, 2021 - 2029F |
6.2 Latvia CO2 Gas Sensor Market, By End user |
6.2.1 Overview and Analysis |
6.2.2 Latvia CO2 Gas Sensor Market Revenues & Volume, By Consumer Electronics, 2021 - 2031F |
6.2.3 Latvia CO2 Gas Sensor Market Revenues & Volume, By Industrial, 2021 - 2031F |
6.2.4 Latvia CO2 Gas Sensor Market Revenues & Volume, By Healthcare, 2021 - 2031F |
6.2.5 Latvia CO2 Gas Sensor Market Revenues & Volume, By Others, 2021 - 2031F |
7 Latvia CO2 Gas Sensor Market Import-Export Trade Statistics |
7.1 Latvia CO2 Gas Sensor Market Export to Major Countries |
7.2 Latvia CO2 Gas Sensor Market Imports from Major Countries |
8 Latvia CO2 Gas Sensor Market Key Performance Indicators |
8.1 Adoption rate of CO2 gas sensors in commercial and residential buildings. |
8.2 Number of regulatory mandates or incentives promoting the use of CO2 gas sensors. |
8.3 Rate of technological innovation and product development in the CO2 gas sensor market. |
9 Latvia CO2 Gas Sensor Market - Opportunity Assessment |
9.1 Latvia CO2 Gas Sensor Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.2 Latvia CO2 Gas Sensor Market Opportunity Assessment, By End user, 2021 & 2031F |
10 Latvia CO2 Gas Sensor Market - Competitive Landscape |
10.1 Latvia CO2 Gas Sensor Market Revenue Share, By Companies, 2024 |
10.2 Latvia CO2 Gas Sensor 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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