Latvia Domestic Boiler Market (2025-2031) | Share, Companies, Segmentation, Analysis, Industry, Value, Revenue, Growth, Outlook, Trends, Forecast & Size

Market Forecast By Type (Non-Condensing Boilers, Condensing Boilers), By Application (Home, Others) And Competitive Landscape
Product Code: ETC4925443 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 Domestic Boiler Market Top 5 Importing Countries and Market Competition (HHI) Analysis

In 2024, Latvia continued to rely on imports of domestic boilers, with top suppliers being Austria, Turkey, Czechia, Lithuania, and Croatia. Despite the diverse sources, the market remained moderately fragmented, as indicated by the low Herfindahl-Hirschman Index (HHI) concentration. The compound annual growth rate (CAGR) for the period 2020-2024 was negative at -1.86%, with a significant decline in growth rate from 2023 to 2024 at -14.1%. These figures suggest a challenging landscape for the domestic boiler market in Latvia, with potential implications for industry players and consumers.

Latvia Domestic Boiler Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

  • Latvia Domestic Boiler Market Outlook
  • Market Size of Latvia Domestic Boiler Market, 2024
  • Forecast of Latvia Domestic Boiler Market, 2031
  • Historical Data and Forecast of Latvia Domestic Boiler Revenues & Volume for the Period 2021-2031
  • Latvia Domestic Boiler Market Trend Evolution
  • Latvia Domestic Boiler Market Drivers and Challenges
  • Latvia Domestic Boiler Price Trends
  • Latvia Domestic Boiler Porter`s Five Forces
  • Latvia Domestic Boiler Industry Life Cycle
  • Historical Data and Forecast of Latvia Domestic Boiler Market Revenues & Volume By Type for the Period 2021-2031
  • Historical Data and Forecast of Latvia Domestic Boiler Market Revenues & Volume By Non-Condensing Boilers for the Period 2021-2031
  • Historical Data and Forecast of Latvia Domestic Boiler Market Revenues & Volume By Condensing Boilers for the Period 2021-2031
  • Historical Data and Forecast of Latvia Domestic Boiler Market Revenues & Volume By Application for the Period 2021-2031
  • Historical Data and Forecast of Latvia Domestic Boiler Market Revenues & Volume By Home for the Period 2021-2031
  • Historical Data and Forecast of Latvia Domestic Boiler Market Revenues & Volume By Others for the Period 2021-2031
  • Latvia Domestic Boiler Import Export Trade Statistics
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By Application
  • Latvia Domestic Boiler Top Companies Market Share
  • Latvia Domestic Boiler Competitive Benchmarking By Technical and Operational Parameters
  • Latvia Domestic Boiler Company Profiles
  • Latvia Domestic Boiler Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

6Wresearch actively monitors the Latvia Domestic Boiler Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Latvia Domestic Boiler Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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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 Domestic Boiler Market Overview

3.1 Latvia Country Macro Economic Indicators

3.2 Latvia Domestic Boiler Market Revenues & Volume, 2021 & 2031F

3.3 Latvia Domestic Boiler Market - Industry Life Cycle

3.4 Latvia Domestic Boiler Market - Porter's Five Forces

3.5 Latvia Domestic Boiler Market Revenues & Volume Share, By Type, 2021 & 2031F

3.6 Latvia Domestic Boiler Market Revenues & Volume Share, By Application, 2021 & 2031F

4 Latvia Domestic Boiler Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing focus on energy efficiency and sustainability in residential buildings

4.2.2 Growing demand for replacement of old boilers with more efficient models

4.2.3 Government initiatives promoting the use of renewable energy sources in heating systems

4.3 Market Restraints

4.3.1 High initial cost of installing new boilers

4.3.2 Fluctuating raw material prices affecting manufacturing costs

4.3.3 Limited consumer awareness about the benefits of modern boiler technologies

5 Latvia Domestic Boiler Market Trends

6 Latvia Domestic Boiler Market Segmentations

6.1 Latvia Domestic Boiler Market, By Type

6.1.1 Overview and Analysis

6.1.2 Latvia Domestic Boiler Market Revenues & Volume, By Non-Condensing Boilers, 2021-2031F

6.1.3 Latvia Domestic Boiler Market Revenues & Volume, By Condensing Boilers, 2021-2031F

6.2 Latvia Domestic Boiler Market, By Application

6.2.1 Overview and Analysis

6.2.2 Latvia Domestic Boiler Market Revenues & Volume, By Home, 2021-2031F

6.2.3 Latvia Domestic Boiler Market Revenues & Volume, By Others, 2021-2031F

7 Latvia Domestic Boiler Market Import-Export Trade Statistics

7.1 Latvia Domestic Boiler Market Export to Major Countries

7.2 Latvia Domestic Boiler Market Imports from Major Countries

8 Latvia Domestic Boiler Market Key Performance Indicators

8.1 Average age of installed boilers in residential buildings

8.2 Number of government incentives or subsidies for energy-efficient heating systems

8.3 Percentage of households using renewable energy sources for heating

9 Latvia Domestic Boiler Market - Opportunity Assessment

9.1 Latvia Domestic Boiler Market Opportunity Assessment, By Type, 2021 & 2031F

9.2 Latvia Domestic Boiler Market Opportunity Assessment, By Application, 2021 & 2031F

10 Latvia Domestic Boiler Market - Competitive Landscape

10.1 Latvia Domestic Boiler Market Revenue Share, By Companies, 2024

10.2 Latvia Domestic Boiler Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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