| Product Code: ETC4657980 | 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 |
Latvia saw a significant increase in cryogenic equipment imports in 2024, with top exporters including Spain, Italy, Netherlands, Germany, and Poland. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. Despite the impressive compound annual growth rate (CAGR) of 18.99% from 2020 to 2024, there was a sharp decline in growth rate from 2023 to 2024 at -69.88%. This drastic fluctuation may be attributed to various factors impacting the cryogenic equipment market dynamics 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 Cryogenic Equipment Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Cryogenic Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Cryogenic Equipment Market - Industry Life Cycle |
3.4 Latvia Cryogenic Equipment Market - Porter's Five Forces |
3.5 Latvia Cryogenic Equipment Market Revenues & Volume Share, By Product Types, 2021 & 2031F |
3.6 Latvia Cryogenic Equipment Market Revenues & Volume Share, By Cryogen? , 2021 & 2031F |
3.7 Latvia Cryogenic Equipment Market Revenues & Volume Share, By End-user, 2021 & 2031F |
3.8 Latvia Cryogenic Equipment Market Revenues & Volume Share, By Application? , 2021 & 2031F |
4 Latvia Cryogenic Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for cryogenic equipment in medical and healthcare applications |
4.2.2 Increasing use of cryogenic equipment in food processing and storage industries |
4.2.3 Rising adoption of liquefied natural gas (LNG) as a clean energy source in Latvia |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with cryogenic equipment |
4.3.2 Stringent regulations and safety standards governing the use of cryogenic equipment |
4.3.3 Limited awareness and technical expertise in handling cryogenic equipment |
5 Latvia Cryogenic Equipment Market Trends |
6 Latvia Cryogenic Equipment Market Segmentations |
6.1 Latvia Cryogenic Equipment Market, By Product Types |
6.1.1 Overview and Analysis |
6.1.2 Latvia Cryogenic Equipment Market Revenues & Volume, By Tanks, 2021-2031F |
6.1.3 Latvia Cryogenic Equipment Market Revenues & Volume, By Valves, 2021-2031F |
6.1.4 Latvia Cryogenic Equipment Market Revenues & Volume, By Vaporizers, 2021-2031F |
6.1.5 Latvia Cryogenic Equipment Market Revenues & Volume, By Pumps, 2021-2031F |
6.1.6 Latvia Cryogenic Equipment Market Revenues & Volume, By Pipe, 2021-2031F |
6.2 Latvia Cryogenic Equipment Market, By Cryogen? |
6.2.1 Overview and Analysis |
6.2.2 Latvia Cryogenic Equipment Market Revenues & Volume, By Nitrogen, 2021-2031F |
6.2.3 Latvia Cryogenic Equipment Market Revenues & Volume, By Oxygen, 2021-2031F |
6.2.4 Latvia Cryogenic Equipment Market Revenues & Volume, By Liquefied Natural Gas, 2021-2031F |
6.2.5 Latvia Cryogenic Equipment Market Revenues & Volume, By Argon, 2021-2031F |
6.2.6 Latvia Cryogenic Equipment Market Revenues & Volume, By Other Cryogens, 2021-2031F |
6.3 Latvia Cryogenic Equipment Market, By End-user |
6.3.1 Overview and Analysis |
6.3.2 Latvia Cryogenic Equipment Market Revenues & Volume, By Energy & Power, 2021-2031F |
6.3.3 Latvia Cryogenic Equipment Market Revenues & Volume, By Chemicals, 2021-2031F |
6.3.4 Latvia Cryogenic Equipment Market Revenues & Volume, By Metallurgical, 2021-2031F |
6.3.5 Latvia Cryogenic Equipment Market Revenues & Volume, By Electronics, 2021-2031F |
6.4 Latvia Cryogenic Equipment Market, By Application? |
6.4.1 Overview and Analysis |
6.4.2 Latvia Cryogenic Equipment Market Revenues & Volume, By Storage, 2021-2031F |
6.4.3 Latvia Cryogenic Equipment Market Revenues & Volume, By Distribution, 2021-2031F |
7 Latvia Cryogenic Equipment Market Import-Export Trade Statistics |
7.1 Latvia Cryogenic Equipment Market Export to Major Countries |
7.2 Latvia Cryogenic Equipment Market Imports from Major Countries |
8 Latvia Cryogenic Equipment Market Key Performance Indicators |
8.1 Number of new contracts or partnerships with healthcare facilities and pharmaceutical companies |
8.2 Percentage increase in the number of food processing companies using cryogenic equipment |
8.3 Growth in the number of LNG infrastructure projects in Latvia |
9 Latvia Cryogenic Equipment Market - Opportunity Assessment |
9.1 Latvia Cryogenic Equipment Market Opportunity Assessment, By Product Types, 2021 & 2031F |
9.2 Latvia Cryogenic Equipment Market Opportunity Assessment, By Cryogen? , 2021 & 2031F |
9.3 Latvia Cryogenic Equipment Market Opportunity Assessment, By End-user, 2021 & 2031F |
9.4 Latvia Cryogenic Equipment Market Opportunity Assessment, By Application? , 2021 & 2031F |
10 Latvia Cryogenic Equipment Market - Competitive Landscape |
10.1 Latvia Cryogenic Equipment Market Revenue Share, By Companies, 2024 |
10.2 Latvia Cryogenic Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |