Latvia Connected (Smart) Street Lighting Market (2025-2031) | Segmentation, Size & Revenue, Growth, Trends, Forecast, Share, Industry, Value, Outlook, Companies, Competitive Landscape, Analysis

Market Forecast By Component (Hardware, Software, Services), By Connectivity (Wired, Wireless), By Sales Channel (Direct, Indirect), By End-use Industry (Government, Commercial, Industrial, Residential) And Competitive Landscape
Product Code: ETC7908319 Publication Date: Sep 2024 Updated Date: Nov 2025 Product Type: Market Research Report
Publisher: 6Wresearch Author: Summon Dutta No. of Pages: 75 No. of Figures: 35 No. of Tables: 20

Latvia Connected (Smart) Street Lighting Market Top 5 Importing Countries and Market Competition (HHI) Analysis

The import shipments of connected street lighting in Latvia have seen significant growth in 2024, with top exporting countries including Germany, China, Poland, Denmark, and the Netherlands. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), has shifted from very low to low concentration, indicating a more diverse import market. Despite a negative compound annual growth rate (CAGR) from 2020 to 2024, the growth rate in 2024 alone has shown a remarkable increase of 18.41%, pointing towards a promising outlook for the connected street lighting sector in Latvia.

Latvia Connected (Smart) Street Lighting Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

  • Latvia Connected (Smart) Street Lighting Market Outlook
  • Market Size of Latvia Connected (Smart) Street Lighting Market, 2024
  • Forecast of Latvia Connected (Smart) Street Lighting Market, 2031
  • Historical Data and Forecast of Latvia Connected (Smart) Street Lighting Revenues & Volume for the Period 2021- 2031
  • Latvia Connected (Smart) Street Lighting Market Trend Evolution
  • Latvia Connected (Smart) Street Lighting Market Drivers and Challenges
  • Latvia Connected (Smart) Street Lighting Price Trends
  • Latvia Connected (Smart) Street Lighting Porter's Five Forces
  • Latvia Connected (Smart) Street Lighting Industry Life Cycle
  • Historical Data and Forecast of Latvia Connected (Smart) Street Lighting Market Revenues & Volume By Component for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Connected (Smart) Street Lighting Market Revenues & Volume By Hardware for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Connected (Smart) Street Lighting Market Revenues & Volume By Software for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Connected (Smart) Street Lighting Market Revenues & Volume By Services for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Connected (Smart) Street Lighting Market Revenues & Volume By Connectivity for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Connected (Smart) Street Lighting Market Revenues & Volume By Wired for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Connected (Smart) Street Lighting Market Revenues & Volume By Wireless for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Connected (Smart) Street Lighting Market Revenues & Volume By Sales Channel for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Connected (Smart) Street Lighting Market Revenues & Volume By Direct for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Connected (Smart) Street Lighting Market Revenues & Volume By Indirect for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Connected (Smart) Street Lighting Market Revenues & Volume By End-use Industry for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Connected (Smart) Street Lighting Market Revenues & Volume By Government for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Connected (Smart) Street Lighting Market Revenues & Volume By Commercial for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Connected (Smart) Street Lighting Market Revenues & Volume By Industrial for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Connected (Smart) Street Lighting Market Revenues & Volume By Residential for the Period 2021- 2031
  • Latvia Connected (Smart) Street Lighting Import Export Trade Statistics
  • Market Opportunity Assessment By Component
  • Market Opportunity Assessment By Connectivity
  • Market Opportunity Assessment By Sales Channel
  • Market Opportunity Assessment By End-use Industry
  • Latvia Connected (Smart) Street Lighting Top Companies Market Share
  • Latvia Connected (Smart) Street Lighting Competitive Benchmarking By Technical and Operational Parameters
  • Latvia Connected (Smart) Street Lighting Company Profiles
  • Latvia Connected (Smart) Street Lighting 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 Connected (Smart) Street Lighting Market Overview

3.1 Latvia Country Macro Economic Indicators

3.2 Latvia Connected (Smart) Street Lighting Market Revenues & Volume, 2021 & 2031F

3.3 Latvia Connected (Smart) Street Lighting Market - Industry Life Cycle

3.4 Latvia Connected (Smart) Street Lighting Market - Porter's Five Forces

3.5 Latvia Connected (Smart) Street Lighting Market Revenues & Volume Share, By Component, 2021 & 2031F

3.6 Latvia Connected (Smart) Street Lighting Market Revenues & Volume Share, By Connectivity, 2021 & 2031F

3.7 Latvia Connected (Smart) Street Lighting Market Revenues & Volume Share, By Sales Channel, 2021 & 2031F

3.8 Latvia Connected (Smart) Street Lighting Market Revenues & Volume Share, By End-use Industry, 2021 & 2031F

4 Latvia Connected (Smart) Street Lighting Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing focus on energy efficiency and sustainability in Latvia

4.2.2 Government initiatives promoting smart city infrastructure development

4.2.3 Growing adoption of Internet of Things (IoT) technology in urban infrastructure

4.3 Market Restraints

4.3.1 High initial investment costs for implementing connected street lighting systems

4.3.2 Concerns regarding data security and privacy in smart city applications

5 Latvia Connected (Smart) Street Lighting Market Trends

6 Latvia Connected (Smart) Street Lighting Market, By Types

6.1 Latvia Connected (Smart) Street Lighting Market, By Component

6.1.1 Overview and Analysis

6.1.2 Latvia Connected (Smart) Street Lighting Market Revenues & Volume, By Component, 2021- 2031F

6.1.3 Latvia Connected (Smart) Street Lighting Market Revenues & Volume, By Hardware, 2021- 2031F

6.1.4 Latvia Connected (Smart) Street Lighting Market Revenues & Volume, By Software, 2021- 2031F

6.1.5 Latvia Connected (Smart) Street Lighting Market Revenues & Volume, By Services, 2021- 2031F

6.2 Latvia Connected (Smart) Street Lighting Market, By Connectivity

6.2.1 Overview and Analysis

6.2.2 Latvia Connected (Smart) Street Lighting Market Revenues & Volume, By Wired, 2021- 2031F

6.2.3 Latvia Connected (Smart) Street Lighting Market Revenues & Volume, By Wireless, 2021- 2031F

6.3 Latvia Connected (Smart) Street Lighting Market, By Sales Channel

6.3.1 Overview and Analysis

6.3.2 Latvia Connected (Smart) Street Lighting Market Revenues & Volume, By Direct, 2021- 2031F

6.3.3 Latvia Connected (Smart) Street Lighting Market Revenues & Volume, By Indirect, 2021- 2031F

6.4 Latvia Connected (Smart) Street Lighting Market, By End-use Industry

6.4.1 Overview and Analysis

6.4.2 Latvia Connected (Smart) Street Lighting Market Revenues & Volume, By Government, 2021- 2031F

6.4.3 Latvia Connected (Smart) Street Lighting Market Revenues & Volume, By Commercial, 2021- 2031F

6.4.4 Latvia Connected (Smart) Street Lighting Market Revenues & Volume, By Industrial, 2021- 2031F

6.4.5 Latvia Connected (Smart) Street Lighting Market Revenues & Volume, By Residential, 2021- 2031F

7 Latvia Connected (Smart) Street Lighting Market Import-Export Trade Statistics

7.1 Latvia Connected (Smart) Street Lighting Market Export to Major Countries

7.2 Latvia Connected (Smart) Street Lighting Market Imports from Major Countries

8 Latvia Connected (Smart) Street Lighting Market Key Performance Indicators

8.1 Energy savings achieved through connected street lighting systems

8.2 Percentage increase in the number of smart city projects in Latvia

8.3 Reduction in maintenance costs for street lighting infrastructure

8.4 Number of cybersecurity incidents reported in relation to smart city solutions

8.5 Level of citizen satisfaction with the implementation of connected street lighting.

9 Latvia Connected (Smart) Street Lighting Market - Opportunity Assessment

9.1 Latvia Connected (Smart) Street Lighting Market Opportunity Assessment, By Component, 2021 & 2031F

9.2 Latvia Connected (Smart) Street Lighting Market Opportunity Assessment, By Connectivity, 2021 & 2031F

9.3 Latvia Connected (Smart) Street Lighting Market Opportunity Assessment, By Sales Channel, 2021 & 2031F

9.4 Latvia Connected (Smart) Street Lighting Market Opportunity Assessment, By End-use Industry, 2021 & 2031F

10 Latvia Connected (Smart) Street Lighting Market - Competitive Landscape

10.1 Latvia Connected (Smart) Street Lighting Market Revenue Share, By Companies, 2024

10.2 Latvia Connected (Smart) Street Lighting Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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