| Product Code: ETC4972392 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Latvia saw a steady increase in commercial boilers import shipments with notable contributions from Germany, Czechia, Italy, Finland, and Ukraine. The Herfindahl-Hirschman Index (HHI) indicated a moderate concentration in the market. Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) over the period 2020-24 remained robust at 9.3%. This data suggests a stable and growing market for commercial boilers in Latvia, with key players from various countries contributing to its development.

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 Boilers Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Commercial Boilers Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Commercial Boilers Market - Industry Life Cycle |
3.4 Latvia Commercial Boilers Market - Porter's Five Forces |
3.5 Latvia Commercial Boilers Market Revenues & Volume Share, By Fuel Type, 2021 & 2031F |
3.6 Latvia Commercial Boilers Market Revenues & Volume Share, By Capacity, 2021 & 2031F |
3.7 Latvia Commercial Boilers Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Commercial Boilers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient heating solutions in commercial buildings |
4.2.2 Growing focus on reducing carbon emissions and promoting sustainable practices |
4.2.3 Government initiatives and regulations promoting the adoption of energy-efficient heating systems |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with commercial boilers |
4.3.2 Volatility in raw material prices impacting manufacturing costs |
4.3.3 Limited availability of skilled technicians for installation and maintenance of commercial boilers |
5 Latvia Commercial Boilers Market Trends |
6 Latvia Commercial Boilers Market Segmentations |
6.1 Latvia Commercial Boilers Market, By Fuel Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Commercial Boilers Market Revenues & Volume, By Fire Tube Natural Gas, 2021-2031F |
6.1.3 Latvia Commercial Boilers Market Revenues & Volume, By Oil, 2021-2031F |
6.1.4 Latvia Commercial Boilers Market Revenues & Volume, By Coal, 2021-2031F |
6.2 Latvia Commercial Boilers Market, By Capacity |
6.2.1 Overview and Analysis |
6.2.2 Latvia Commercial Boilers Market Revenues & Volume, By 0.3? ??2.5 MMBtu/hr, 2021-2031F |
6.2.3 Latvia Commercial Boilers Market Revenues & Volume, By 2.5? ??10 MMBtu/hr, 2021-2031F |
6.2.4 Latvia Commercial Boilers Market Revenues & Volume, By 50? ??100 MMBtu/hr, 2021-2031F |
6.2.5 Latvia Commercial Boilers Market Revenues & Volume, By 100? ??250 MMBtu/hr, 2021-2031F |
6.3 Latvia Commercial Boilers Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Latvia Commercial Boilers Market Revenues & Volume, By Offices, 2021-2031F |
6.3.3 Latvia Commercial Boilers Market Revenues & Volume, By Warehouse & Storage, 2021-2031F |
6.3.4 Latvia Commercial Boilers Market Revenues & Volume, By Educational Institutions, 2021-2031F |
6.3.5 Latvia Commercial Boilers Market Revenues & Volume, By Lodging, 2021-2031F |
6.3.6 Latvia Commercial Boilers Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Commercial Boilers Market Import-Export Trade Statistics |
7.1 Latvia Commercial Boilers Market Export to Major Countries |
7.2 Latvia Commercial Boilers Market Imports from Major Countries |
8 Latvia Commercial Boilers Market Key Performance Indicators |
8.1 Energy efficiency ratings of commercial boilers |
8.2 Adoption rate of renewable energy sources in commercial heating systems |
8.3 Number of government incentives or subsidies supporting energy-efficient heating solutions |
9 Latvia Commercial Boilers Market - Opportunity Assessment |
9.1 Latvia Commercial Boilers Market Opportunity Assessment, By Fuel Type, 2021 & 2031F |
9.2 Latvia Commercial Boilers Market Opportunity Assessment, By Capacity, 2021 & 2031F |
9.3 Latvia Commercial Boilers Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Commercial Boilers Market - Competitive Landscape |
10.1 Latvia Commercial Boilers Market Revenue Share, By Companies, 2024 |
10.2 Latvia Commercial Boilers Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |