| Product Code: ETC7908036 | 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 |
In 2024, Latvia continued to see a steady increase in commercial air conditioning systems import shipments, with top exporters being China, Lithuania, Sweden, Estonia, and Belgium. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), remained at a moderate level, indicating a competitive landscape. The compound annual growth rate (CAGR) from 2020 to 2024 stood at an impressive 13.43%, demonstrating sustained market expansion. Although the growth rate from 2023 to 2024 slightly decreased to 1.02%, the overall trend suggests a positive outlook for the commercial air conditioning systems market 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 Commercial Air Conditioning Systems Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Commercial Air Conditioning Systems Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Commercial Air Conditioning Systems Market - Industry Life Cycle |
3.4 Latvia Commercial Air Conditioning Systems Market - Porter's Five Forces |
3.5 Latvia Commercial Air Conditioning Systems Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Commercial Air Conditioning Systems Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Commercial Air Conditioning Systems Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient air conditioning systems in commercial buildings |
4.2.2 Growth in construction activities and infrastructure development in Latvia |
4.2.3 Adoption of smart technologies and IoT in air conditioning systems |
4.3 Market Restraints |
4.3.1 High initial investment cost for advanced commercial air conditioning systems |
4.3.2 Slowdown in the economy impacting new construction projects |
4.3.3 Stringent government regulations related to energy efficiency and environmental impact |
5 Latvia Commercial Air Conditioning Systems Market Trends |
6 Latvia Commercial Air Conditioning Systems Market, By Types |
6.1 Latvia Commercial Air Conditioning Systems Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Commercial Air Conditioning Systems Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Commercial Air Conditioning Systems Market Revenues & Volume, By Heat Recovery System, 2021- 2031F |
6.1.4 Latvia Commercial Air Conditioning Systems Market Revenues & Volume, By Heat Pump System, 2021- 2031F |
6.2 Latvia Commercial Air Conditioning Systems Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Commercial Air Conditioning Systems Market Revenues & Volume, By Small-Middle Scale Firm, 2021- 2031F |
6.2.3 Latvia Commercial Air Conditioning Systems Market Revenues & Volume, By Large Firm, 2021- 2031F |
7 Latvia Commercial Air Conditioning Systems Market Import-Export Trade Statistics |
7.1 Latvia Commercial Air Conditioning Systems Market Export to Major Countries |
7.2 Latvia Commercial Air Conditioning Systems Market Imports from Major Countries |
8 Latvia Commercial Air Conditioning Systems Market Key Performance Indicators |
8.1 Energy efficiency rating of installed air conditioning systems |
8.2 Number of new commercial construction projects in Latvia |
8.3 Adoption rate of IoT-enabled air conditioning systems in commercial buildings |
9 Latvia Commercial Air Conditioning Systems Market - Opportunity Assessment |
9.1 Latvia Commercial Air Conditioning Systems Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Commercial Air Conditioning Systems Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Commercial Air Conditioning Systems Market - Competitive Landscape |
10.1 Latvia Commercial Air Conditioning Systems Market Revenue Share, By Companies, 2024 |
10.2 Latvia Commercial Air Conditioning Systems Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |