Latvia Commercial Water Heaters Market (2025-2031) | Forecast, Outlook, Growth, Companies, Analysis, Industry, Trends, Segmentation, Size, Share, Revenue & Value

Market Forecast By Type (Electric, Gas, Oil, Heat Pump, Solar, Hybrid & Others), By Liter (Below 500 Liters, 500-1,000 Liters, 1,000-3,000 Liters, 3,000-4,000 Liters, Above 4,000 Liters), By Rated Capacity (Up to 10kW, 10-50kW, 50-150kW & more) And Competitive Landscape
Product Code: ETC5758270 Publication Date: Nov 2023 Updated Date: Nov 2025 Product Type: Market Research Report
Publisher: 6Wresearch Author: Ravi Bhandari No. of Pages: 60 No. of Figures: 30 No. of Tables: 5

Latvia Commercial Water Heaters Market Top 5 Importing Countries and Market Competition (HHI) Analysis

In 2024, Latvia saw an increase in the concentration of commercial water heater imports, with top exporting countries being Poland, Azerbaijan, Germany, Czechia, and Lithuania. Despite a significant decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) for the period 2020-2024 remained positive at 4.93%. This shift in concentration indicates a potentially evolving market landscape for commercial water heaters in Latvia, with a diverse range of suppliers contributing to the import market.

Latvia Commercial Water Heaters Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

  • Latvia Commercial Water Heaters Market Outlook
  • Market Size of Latvia Commercial Water Heaters Market, 2024
  • Forecast of Latvia Commercial Water Heaters Market, 2031
  • Historical Data and Forecast of Latvia Commercial Water Heaters Revenues & Volume for the Period 2021-2031
  • Latvia Commercial Water Heaters Market Trend Evolution
  • Latvia Commercial Water Heaters Market Drivers and Challenges
  • Latvia Commercial Water Heaters Price Trends
  • Latvia Commercial Water Heaters Porter`s Five Forces
  • Latvia Commercial Water Heaters Industry Life Cycle
  • Historical Data and Forecast of Latvia Commercial Water Heaters Market Revenues & Volume By Type for the Period 2021-2031
  • Historical Data and Forecast of Latvia Commercial Water Heaters Market Revenues & Volume By Electric for the Period 2021-2031
  • Historical Data and Forecast of Latvia Commercial Water Heaters Market Revenues & Volume By Gas for the Period 2021-2031
  • Historical Data and Forecast of Latvia Commercial Water Heaters Market Revenues & Volume By Oil for the Period 2021-2031
  • Historical Data and Forecast of Latvia Commercial Water Heaters Market Revenues & Volume By Heat Pump for the Period 2021-2031
  • Historical Data and Forecast of Latvia Commercial Water Heaters Market Revenues & Volume By Solar for the Period 2021-2031
  • Historical Data and Forecast of Latvia Commercial Water Heaters Market Revenues & Volume By Hybrid & Others for the Period 2021-2031
  • Historical Data and Forecast of Latvia Commercial Water Heaters Market Revenues & Volume By Liter for the Period 2021-2031
  • Historical Data and Forecast of Latvia Commercial Water Heaters Market Revenues & Volume By Below 500 Liters for the Period 2021-2031
  • Historical Data and Forecast of Latvia Commercial Water Heaters Market Revenues & Volume By 500-1,000 Liters for the Period 2021-2031
  • Historical Data and Forecast of Latvia Commercial Water Heaters Market Revenues & Volume By 1,000-3,000 Liters for the Period 2021-2031
  • Historical Data and Forecast of Latvia Commercial Water Heaters Market Revenues & Volume By 3,000-4,000 Liters for the Period 2021-2031
  • Historical Data and Forecast of Latvia Commercial Water Heaters Market Revenues & Volume By Above 4,000 Liters for the Period 2021-2031
  • Historical Data and Forecast of Latvia Commercial Water Heaters Market Revenues & Volume By Rated Capacity for the Period 2021-2031
  • Historical Data and Forecast of Latvia Commercial Water Heaters Market Revenues & Volume By Up to 10kW for the Period 2021-2031
  • Historical Data and Forecast of Latvia Commercial Water Heaters Market Revenues & Volume By 10-50kW for the Period 2021-2031
  • Historical Data and Forecast of Latvia Commercial Water Heaters Market Revenues & Volume By 50-150kW & more for the Period 2021-2031
  • Latvia Commercial Water Heaters Import Export Trade Statistics
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By Liter
  • Market Opportunity Assessment By Rated Capacity
  • Latvia Commercial Water Heaters Top Companies Market Share
  • Latvia Commercial Water Heaters Competitive Benchmarking By Technical and Operational Parameters
  • Latvia Commercial Water Heaters Company Profiles
  • Latvia Commercial Water Heaters Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

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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 Water Heaters Market Overview

3.1 Latvia Country Macro Economic Indicators

3.2 Latvia Commercial Water Heaters Market Revenues & Volume, 2021 & 2031F

3.3 Latvia Commercial Water Heaters Market - Industry Life Cycle

3.4 Latvia Commercial Water Heaters Market - Porter's Five Forces

3.5 Latvia Commercial Water Heaters Market Revenues & Volume Share, By Type, 2021 & 2031F

3.6 Latvia Commercial Water Heaters Market Revenues & Volume Share, By Liter, 2021 & 2031F

3.7 Latvia Commercial Water Heaters Market Revenues & Volume Share, By Rated Capacity, 2021 & 2031F

4 Latvia Commercial Water Heaters Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing demand for energy-efficient water heating solutions in commercial buildings

4.2.2 Growth in the hospitality and healthcare sectors, leading to higher demand for commercial water heaters

4.2.3 Government initiatives promoting the use of renewable energy sources, such as solar water heaters

4.3 Market Restraints

4.3.1 Volatility in raw material prices impacting the cost of manufacturing commercial water heaters

4.3.2 Intense competition from substitute products like tankless water heaters

4.3.3 Fluctuations in construction activity affecting the demand for new commercial buildings and thereby commercial water heaters

5 Latvia Commercial Water Heaters Market Trends

6 Latvia Commercial Water Heaters Market Segmentations

6.1 Latvia Commercial Water Heaters Market, By Type

6.1.1 Overview and Analysis

6.1.2 Latvia Commercial Water Heaters Market Revenues & Volume, By Electric, 2021-2031F

6.1.3 Latvia Commercial Water Heaters Market Revenues & Volume, By Gas, 2021-2031F

6.1.4 Latvia Commercial Water Heaters Market Revenues & Volume, By Oil, 2021-2031F

6.1.5 Latvia Commercial Water Heaters Market Revenues & Volume, By Heat Pump, 2021-2031F

6.1.6 Latvia Commercial Water Heaters Market Revenues & Volume, By Solar, 2021-2031F

6.1.7 Latvia Commercial Water Heaters Market Revenues & Volume, By Hybrid & Others, 2021-2031F

6.2 Latvia Commercial Water Heaters Market, By Liter

6.2.1 Overview and Analysis

6.2.2 Latvia Commercial Water Heaters Market Revenues & Volume, By Below 500 Liters, 2021-2031F

6.2.3 Latvia Commercial Water Heaters Market Revenues & Volume, By 500-1,000 Liters, 2021-2031F

6.2.4 Latvia Commercial Water Heaters Market Revenues & Volume, By 1,000-3,000 Liters, 2021-2031F

6.2.5 Latvia Commercial Water Heaters Market Revenues & Volume, By 3,000-4,000 Liters, 2021-2031F

6.2.6 Latvia Commercial Water Heaters Market Revenues & Volume, By Above 4,000 Liters, 2021-2031F

6.3 Latvia Commercial Water Heaters Market, By Rated Capacity

6.3.1 Overview and Analysis

6.3.2 Latvia Commercial Water Heaters Market Revenues & Volume, By Up to 10kW, 2021-2031F

6.3.3 Latvia Commercial Water Heaters Market Revenues & Volume, By 10-50kW, 2021-2031F

6.3.4 Latvia Commercial Water Heaters Market Revenues & Volume, By 50-150kW & more, 2021-2031F

7 Latvia Commercial Water Heaters Market Import-Export Trade Statistics

7.1 Latvia Commercial Water Heaters Market Export to Major Countries

7.2 Latvia Commercial Water Heaters Market Imports from Major Countries

8 Latvia Commercial Water Heaters Market Key Performance Indicators

8.1 Energy efficiency ratings of commercial water heaters sold in the market

8.2 Number of new commercial building constructions using water heaters as a primary heating source

8.3 Adoption rate of renewable energy-based commercial water heating solutions

9 Latvia Commercial Water Heaters Market - Opportunity Assessment

9.1 Latvia Commercial Water Heaters Market Opportunity Assessment, By Type, 2021 & 2031F

9.2 Latvia Commercial Water Heaters Market Opportunity Assessment, By Liter, 2021 & 2031F

9.3 Latvia Commercial Water Heaters Market Opportunity Assessment, By Rated Capacity, 2021 & 2031F

10 Latvia Commercial Water Heaters Market - Competitive Landscape

10.1 Latvia Commercial Water Heaters Market Revenue Share, By Companies, 2024

10.2 Latvia Commercial Water Heaters Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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