| Product Code: ETC5830755 | 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`s digital multimeter import market saw a shift in concentration levels from high to moderate in 2024, reflecting increased diversification among top exporting countries. Despite a significant decline in growth rate from 2023 to 2024, the compound annual growth rate over the past five years remains strong at 14.21%. Poland, Lithuania, Germany, Italy, and China emerged as key players in supplying digital multimeters to Latvia in 2024, indicating a competitive landscape and potential opportunities for market expansion and development.

By 2027, the Digital Multimeter market in Latvia is anticipated to reach a growth rate of 9.05%, as part of an increasingly competitive Europe region, where Germany remains at the forefront, supported by United Kingdom, France, Italy and Russia, driving innovations and market adoption across sectors.

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 Digital Multimeter Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Digital Multimeter Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Digital Multimeter Market - Industry Life Cycle |
3.4 Latvia Digital Multimeter Market - Porter's Five Forces |
3.5 Latvia Digital Multimeter Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Digital Multimeter Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Digital Multimeter Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of digital multimeters in various industries for accurate measurements |
4.2.2 Technological advancements leading to the development of digital multimeters with enhanced features and functionalities |
4.2.3 Growing demand for portable and user-friendly measuring devices in Latvia |
4.3 Market Restraints |
4.3.1 High initial investment required for purchasing digital multimeters |
4.3.2 Presence of substitute products such as analog multimeters impacting the growth of the digital multimeter market |
4.3.3 Limited awareness and technical expertise among end-users about the benefits of digital multimeters |
5 Latvia Digital Multimeter Market Trends |
6 Latvia Digital Multimeter Market Segmentations |
6.1 Latvia Digital Multimeter Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Digital Multimeter Market Revenues & Volume, By Handheld, 2021-2031F |
6.1.3 Latvia Digital Multimeter Market Revenues & Volume, By Mounted, 2021-2031F |
6.2 Latvia Digital Multimeter Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Digital Multimeter Market Revenues & Volume, By Residential, 2021-2031F |
6.2.3 Latvia Digital Multimeter Market Revenues & Volume, By Commercial, 2021-2031F |
6.2.4 Latvia Digital Multimeter Market Revenues & Volume, By Industrial, 2021-2031F |
7 Latvia Digital Multimeter Market Import-Export Trade Statistics |
7.1 Latvia Digital Multimeter Market Export to Major Countries |
7.2 Latvia Digital Multimeter Market Imports from Major Countries |
8 Latvia Digital Multimeter Market Key Performance Indicators |
8.1 Average order value (AOV) for digital multimeters in Latvia |
8.2 Number of new product launches and innovations in the digital multimeter market |
8.3 Customer satisfaction ratings for digital multimeter manufacturers |
8.4 Adoption rate of digital multimeters across different industries in Latvia |
8.5 Rate of return on investment (ROI) for businesses using digital multimeters |
9 Latvia Digital Multimeter Market - Opportunity Assessment |
9.1 Latvia Digital Multimeter Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Digital Multimeter Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Digital Multimeter Market - Competitive Landscape |
10.1 Latvia Digital Multimeter Market Revenue Share, By Companies, 2024 |
10.2 Latvia Digital Multimeter Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |