| Product Code: ETC4646808 | 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 |
Despite a slight decrease in growth rate from 2023 to 2024, Latvia continued to import a significant amount of dielectric liquid transformers, with top exporting countries being China, Germany, Poland, Finland, and Czechia. The market remained highly concentrated, as indicated by the high HHI in 2024. The compound annual growth rate (CAGR) for the period 2020-2024 was positive at 3.57%, demonstrating a steady increase in import volume over the years. Overall, the import market for dielectric liquid transformers in Latvia appears to be stable and supported by key trading partners.

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 Dielectric Liquid Transformer Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Dielectric Liquid Transformer Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Dielectric Liquid Transformer Market - Industry Life Cycle |
3.4 Latvia Dielectric Liquid Transformer Market - Porter's Five Forces |
3.5 Latvia Dielectric Liquid Transformer Market Revenues & Volume Share, By Product Types, 2021 & 2031F |
3.6 Latvia Dielectric Liquid Transformer Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Latvia Dielectric Liquid Transformer Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for electricity in Latvia |
4.2.2 Growing focus on renewable energy sources |
4.2.3 Technological advancements in dielectric liquid transformer technology |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices |
4.3.2 Regulatory challenges in the energy sector |
4.3.3 Competition from dry-type transformers |
5 Latvia Dielectric Liquid Transformer Market Trends |
6 Latvia Dielectric Liquid Transformer Market Segmentations |
6.1 Latvia Dielectric Liquid Transformer Market, By Product Types |
6.1.1 Overview and Analysis |
6.1.2 Latvia Dielectric Liquid Transformer Market Revenues & Volume, By Water Based, 2021-2031F |
6.1.3 Latvia Dielectric Liquid Transformer Market Revenues & Volume, By Hydrocarbon Oil Based, 2021-2031F |
6.1.4 Latvia Dielectric Liquid Transformer Market Revenues & Volume, By Gas Based, 2021-2031F |
6.2 Latvia Dielectric Liquid Transformer Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Latvia Dielectric Liquid Transformer Market Revenues & Volume, By Windmill Transformers, 2021-2031F |
6.2.3 Latvia Dielectric Liquid Transformer Market Revenues & Volume, By Traction Transformers, 2021-2031F |
6.2.4 Latvia Dielectric Liquid Transformer Market Revenues & Volume, By Electrical Discharge Machining (EDM), 2021-2031F |
6.2.5 Latvia Dielectric Liquid Transformer Market Revenues & Volume, By Capacitors, 2021-2031F |
6.2.6 Latvia Dielectric Liquid Transformer Market Revenues & Volume, By Off-Shore Transformers, 2021-2031F |
6.2.7 Latvia Dielectric Liquid Transformer Market Revenues & Volume, By Distribution Transformers, 2021-2031F |
7 Latvia Dielectric Liquid Transformer Market Import-Export Trade Statistics |
7.1 Latvia Dielectric Liquid Transformer Market Export to Major Countries |
7.2 Latvia Dielectric Liquid Transformer Market Imports from Major Countries |
8 Latvia Dielectric Liquid Transformer Market Key Performance Indicators |
8.1 Adoption rate of dielectric liquid transformers in Latvia |
8.2 Investment in grid infrastructure development |
8.3 Rate of innovation in dielectric liquid transformer technology |
9 Latvia Dielectric Liquid Transformer Market - Opportunity Assessment |
9.1 Latvia Dielectric Liquid Transformer Market Opportunity Assessment, By Product Types, 2021 & 2031F |
9.2 Latvia Dielectric Liquid Transformer Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Latvia Dielectric Liquid Transformer Market - Competitive Landscape |
10.1 Latvia Dielectric Liquid Transformer Market Revenue Share, By Companies, 2024 |
10.2 Latvia Dielectric Liquid Transformer Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |