| Product Code: ETC11758261 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 | |
In 2024, Latvia experienced a significant shift in cooling towers import patterns, with Italy, Germany, Sweden, UK, and Lithuania emerging as the top exporting countries. The market concentration, as measured by the HHI, transitioned from low to high concentration within a year, indicating a more focused supplier base. The impressive CAGR of 11.39% from 2020 to 2024 highlights the growing demand for cooling towers in Latvia. Moreover, the remarkable growth rate of 39.47% in 2024 underscores the accelerating pace of import shipments, signaling opportunities for market players to capitalize on this trend.

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 Cooling Towers Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Cooling Towers Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Cooling Towers Market - Industry Life Cycle |
3.4 Latvia Cooling Towers Market - Porter's Five Forces |
3.5 Latvia Cooling Towers Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Cooling Towers Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Latvia Cooling Towers Market Revenues & Volume Share, By Construction Material, 2021 & 2031F |
3.8 Latvia Cooling Towers Market Revenues & Volume Share, By Cooling Technology, 2021 & 2031F |
3.9 Latvia Cooling Towers Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Latvia Cooling Towers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing industrialization and construction activities in Latvia leading to higher demand for cooling towers. |
4.2.2 Stringent environmental regulations requiring efficient cooling solutions, driving the adoption of cooling towers. |
4.2.3 Growing focus on energy efficiency and sustainability, prompting the use of advanced cooling tower technologies. |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with purchasing and installing cooling towers. |
4.3.2 Maintenance and operational costs may pose a challenge for some businesses, impacting adoption rates. |
4.3.3 Limited awareness and understanding of the benefits of cooling towers among potential customers. |
5 Latvia Cooling Towers Market Trends |
6 Latvia Cooling Towers Market, By Types |
6.1 Latvia Cooling Towers Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Cooling Towers Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Latvia Cooling Towers Market Revenues & Volume, By Natural Draft, 2021 - 2031F |
6.1.4 Latvia Cooling Towers Market Revenues & Volume, By Mechanical Draft, 2021 - 2031F |
6.1.5 Latvia Cooling Towers Market Revenues & Volume, By Hybrid, 2021 - 2031F |
6.2 Latvia Cooling Towers Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Cooling Towers Market Revenues & Volume, By Power Plants, 2021 - 2031F |
6.2.3 Latvia Cooling Towers Market Revenues & Volume, By HVAC, 2021 - 2031F |
6.2.4 Latvia Cooling Towers Market Revenues & Volume, By Chemical Processing, 2021 - 2031F |
6.3 Latvia Cooling Towers Market, By Construction Material |
6.3.1 Overview and Analysis |
6.3.2 Latvia Cooling Towers Market Revenues & Volume, By FRP, 2021 - 2031F |
6.3.3 Latvia Cooling Towers Market Revenues & Volume, By Concrete, 2021 - 2031F |
6.3.4 Latvia Cooling Towers Market Revenues & Volume, By Steel, 2021 - 2031F |
6.4 Latvia Cooling Towers Market, By Cooling Technology |
6.4.1 Overview and Analysis |
6.4.2 Latvia Cooling Towers Market Revenues & Volume, By Evaporative Cooling, 2021 - 2031F |
6.4.3 Latvia Cooling Towers Market Revenues & Volume, By Dry Cooling, 2021 - 2031F |
6.4.4 Latvia Cooling Towers Market Revenues & Volume, By Hybrid Cooling, 2021 - 2031F |
6.5 Latvia Cooling Towers Market, By End User |
6.5.1 Overview and Analysis |
6.5.2 Latvia Cooling Towers Market Revenues & Volume, By Industrial, 2021 - 2031F |
6.5.3 Latvia Cooling Towers Market Revenues & Volume, By Commercial, 2021 - 2031F |
6.5.4 Latvia Cooling Towers Market Revenues & Volume, By Others, 2021 - 2031F |
7 Latvia Cooling Towers Market Import-Export Trade Statistics |
7.1 Latvia Cooling Towers Market Export to Major Countries |
7.2 Latvia Cooling Towers Market Imports from Major Countries |
8 Latvia Cooling Towers Market Key Performance Indicators |
8.1 Energy efficiency ratings of cooling towers installed in Latvia. |
8.2 Percentage of companies in key industries (such as manufacturing, power generation) using cooling towers. |
8.3 Number of new cooling tower installations in Latvia using eco-friendly materials and technologies. |
8.4 Average age of cooling tower units in operation in Latvia. |
8.5 Compliance rate with environmental regulations related to cooling tower emissions and water usage. |
9 Latvia Cooling Towers Market - Opportunity Assessment |
9.1 Latvia Cooling Towers Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Cooling Towers Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Latvia Cooling Towers Market Opportunity Assessment, By Construction Material, 2021 & 2031F |
9.4 Latvia Cooling Towers Market Opportunity Assessment, By Cooling Technology, 2021 & 2031F |
9.5 Latvia Cooling Towers Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Latvia Cooling Towers Market - Competitive Landscape |
10.1 Latvia Cooling Towers Market Revenue Share, By Companies, 2024 |
10.2 Latvia Cooling Towers Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |